Overview
What is Averitt Express Associates Charities Inc?
Averitt Express Associates Charities Inc, also recognized as Averitt Cares for Kids, is a benevolent organization situated in Cookeville, Tennessee. Their mission revolves around making charitable contributions and distributions to various organizations, with a primary focus on improving and saving the lives of children. Specifically, they donate to St. Jude Children's Research Hospital to support their endeavors. The organization operates under the name Averitt Cares for Kids, demonstrating their dedication to the well-being of children.
Official website here: www.averittexpress.com/averittcares.htm
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Stars (69%)
Averitt Express Associates Charities Inc has received a "Needs Improvement" rating of 69% from Charity Navigator, reflecting concerns regarding its governance and accountability practices. Notably, the organization has a complete lack of independent board members, which can raise questions about oversight and decision-making processes. Despite these shortcomings, the charity has demonstrated strong financial management with a perfect score in its audit results and a liabilities to assets ratio of 0.00%.
The organization maintains a commendable program expense ratio of 100%, indicating that all its expenses are directed towards its charitable programs. However, the absence of key policies, such as a conflict of interest and whistleblower policy, along with a lack of transparency due to missing financial documents on its website, diminishes its accountability rating. This could be a potential concern for donors looking for assurance about how their contributions are managed.
Overall, while Averitt Express Associates Charities Inc excels in its financial performance and program delivery, significant governance issues need to be addressed to enhance its credibility and trustworthiness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Averitt Express Associates Charities Inc legitimate?
Averitt Express Associates Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Averitt Express Associates Charities Inc 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:
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For more financial information, click here
Official website here: www.averittexpress.com/averittcares.htm
What is the mission statement of Averitt Express Associates Charities Inc?
Averitt Express Associates Charities Inc's mission is centered around providing grants and distributions to various organizations. The primary goal of these contributions is to significantly improve and save the lives of children. This charitable organization directly supports St. Jude Children's Research Hospital with its donations, contributing to their mission of finding cures and saving children battling life-threatening diseases.
Official website here: www.averittexpress.com/averittcares.htm
Who is the CEO of Averitt Express Associates Charities Inc?
Johnny Fields is the Chairman And President of Averitt Express Associates Charities Inc.
Official website here: www.averittexpress.com/averittcares.htm
What is the revenue of Averitt Express Associates Charities Inc?
Averitt Express Associates Charities Inc's revenue in 2022 was $557,453.
Official website here: www.averittexpress.com/averittcares.htm
Who are the executives of Averitt Express Associates Charities Inc and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.averittexpress.com/averittcares.htm
Where can I find the form 990 for Averitt Express Associates Charities Inc?
Averitt Express Associates Charities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.averittexpress.com/averittcares.htm
Learn more at the official website: www.averittexpress.com/averittcares.htm
Mission Statement of Averitt Express Associates Charities Inc
Averitt Express Associates Charities Inc, a charitable organization, is committed to making grants and distributions to various other organizations. Their primary objective is to improve and save the lives of children. By providing financial support to these organizations, they aim to contribute positively to the well-being and survival of young lives.
In pursuit of this mission, Averitt Express Associates Charities Inc has made significant donations to St. Jude Children's Research Hospital. This hospital is renowned for its work in pioneering research and treatments for children with life-threatening illnesses, ensuring that no family ever receives a bill for treatment, travel, housing, or food. By partnering with such organizations, Averitt Express Associates Charities Inc is playing a crucial role in improving the health and future prospects of young lives.
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Impact
July, 2024
Averitt Express Associates Charities Inc's impact is centered around making grants and distributions to other organizations that work towards improving and saving the lives of children. Through donations to institutions like St. Jude Children's Research Hospital, the organization plays a vital role in supporting the health and well-being of children in need. Their mission is focused on philanthropy with a specific emphasis on child welfare, making a tangible difference in the lives of young individuals facing health challenges.
This information is meant to be a general summary of Averitt Express Associates Charities Inc. 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: $21,577
- Gross Receipts: $557,453
Assets and Liabilities:
- Total Assets: $1,531,437
- Total Liabilities: $0
- Net Assets: $1,531,437
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Organization Details
Founding Year
1986
Phone
(931) 525-5353Principal Officer
Johnny Fields
Main Address
PO BOX 3166, COOKEVILLE, TN, 38502
NTEE Category
Code: T30 - Philanthropy
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