Overview
What is The Ames Foundation?
The Ames Foundation is a nonprofit organization dedicated to enhancing the city of Ames. Their primary focus lies in driving significant projects such as the Ames airport hangar and the Miracle field. The organization is also committed to environmental improvements and open spaces, striving to make the city more aesthetically pleasing and eco-friendly. In essence, The Ames Foundation works tirelessly to better the city of Ames in various aspects, ensuring a more beautiful and open urban environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (50%)
The Ames Foundation has received a low rating of 50% from Charity Navigator, resulting in a One-Star out of Four Stars designation. This rating reflects significant concerns regarding the organization's accountability and financial transparency. The foundation has not demonstrated independence in its board structure, with 0% of board members being independent, and it lacks essential policies and documentation such as financial statements, a whistleblower policy, and meeting minutes.
Despite these shortcomings, The Ames Foundation maintains a strong program expense ratio of 94.69%, indicating that the majority of its expenditures are directed toward its programs. This suggests that while financial oversight may be lacking, the organization is committed to its mission and effectively utilizing funds for its intended purpose. However, the absence of a transparent governance framework raises important questions about its operational integrity and sustainability.
Overall, potential donors and stakeholders should exercise caution when considering support for The Ames Foundation due to its low accountability score and missing governance policies. While its program efficiency is commendable, the lack of transparency and independent oversight may affect trust and long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is The Ames Foundation legitimate?
The Ames Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Ames Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Ames Foundation?
The Ames Foundation is dedicated to improving the city's environment and promoting open spaces. Their mission is accomplished through various projects, such as overseeing the development of the Ames airport hangar and managing the Miracle field. The organization's primary focus is on enhancing the city's aesthetics and providing amenities for the community.
Who is the CEO of The Ames Foundation?
Cathy Adams is the Treasurer of The Ames Foundation.
What is the revenue of The Ames Foundation?
The Ames Foundation's revenue in 2022 was $623,958.
Who are the executives of The Ames Foundation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Ames Foundation?
The Ames Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Ames Foundation
The Ames Foundation, a dedicated organization, strives to enhance the city's landscape through its various initiatives. Its primary mission is to improve the overall well-being of the city, with a focus on environmental beautification and the development of open spaces. Notably, The Ames Foundation has taken the lead in spearheading the Ames airport hangar project, demonstrating its commitment to urban infrastructure. Moreover, the organization manages the Miracle field project, underscoring its dedication to creating accessible and inclusive recreational spaces for the community. In essence, The Ames Foundation serves as a catalyst for positive change within the city, working tirelessly to improve the quality of life for its residents and visitors alike.
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Impact
July, 2024
The Ames Foundation has made a significant impact on the city of Ames through its public betterment initiatives. Their dedicated efforts in spearheading projects like the Ames airport hangar and managing the Miracle field have positively contributed to the community. Their focus on environmental beautification and creating open spaces has enhanced the city's overall quality of life.
This information is meant to be a general summary of The Ames Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,153
- Gross Receipts: $623,958
Assets and Liabilities:
- Total Assets: $1,269,224
- Total Liabilities: $0
- Net Assets: $1,269,224
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Organization Details
Phone
(612) 840-7039Principal Officer
Cathy Adams
Main Address
PO Box 213, Ames, IA, 50010
NTEE Category
Code: C50 - Environment
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