Overview
What is Nada Foundation?
The Nada Foundation, located at 8484 Westpark Drive 500, Tysons, Virginia 22102, is a charitable and educational nonprofit organization. Its primary mission is to provide emergency relief to dealership employees who have been affected by disasters. The foundation operates exclusively for these humanitarian purposes, demonstrating its commitment to assisting individuals in need during challenging times.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The Nada Foundation has earned an overall score of 86%, indicating a solid performance in the areas of accountability and finance. This score is derived entirely from their accountability and finance beacon, reflecting the organization’s commitment to transparent and responsible financial management. The strong rating showcases the foundation's effective oversight, with 100% of its board members being independent, which enhances its governance.
Significant strengths of the Nada Foundation include its excellent financial practices, evidenced by a high program expense ratio of 95.30%, indicating that the majority of its funds are directed towards its programs rather than administrative costs. The organization has also demonstrated robust practices in document retention and destruction, as well as in maintaining thorough meeting minutes, contributing to its overall accountability.
While the foundation's financial health appears to be sound, with a low liabilities to assets ratio of 0.22%, it's essential for potential donors to consider the broader impact of its programs and outreach efforts. Overall, the Nada Foundation shows a strong commitment to accountability and responsible fund management, making it a trustworthy choice for philanthropic support.
This AI summary has been generated from information found on Charity Navigator.
Is Nada Foundation legitimate?
Nada Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nada 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:
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What is the mission statement of Nada Foundation?
The Nada Foundation is dedicated to serving charitable and educational purposes. Its mission encompasses providing emergency relief for dealership employees who have been affected by disasters. The foundation operates with the goal of supporting individuals during times of crisis. It is committed to offering aid and assistance in times of need, specifically focusing on the employees of dealerships.
Who is the CEO of Nada Foundation?
Annette Sykora is the Chair of Nada Foundation.
What is the revenue of Nada Foundation?
Nada Foundation's revenue in 2022 was $1,256,069.
Who are the executives of Nada Foundation and what are their salaries?
There 13 volunteers at Nada Foundation.
Here are 16 key members and their salaries:
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- Related: $561,526
- Other: $63,424
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- Related: $469,481
- Other: $49,365
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- Related: $779,145
- Other: $60,291
Where can I find the form 990 for Nada Foundation?
Nada Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Nada Foundation
The Nada Foundation, as stated, is dedicated to serving charitable and educational purposes exclusively. This organization's mission is to extend a helping hand to individuals who find themselves in need, specifically those employed in the dealership sector who are affected by disasters. By operating with this mission, the Nada Foundation aims to provide emergency relief and support during trying times.
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Impact
July, 2024
Nada Foundation provides emergency relief for dealership employees impacted by disasters. This support offers vital assistance to individuals facing hardship and helps them rebuild their lives in the aftermath of crises.
This information is meant to be a general summary of Nada 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: $87,678
- Gross Receipts: $3,326,578
Assets and Liabilities:
- Total Assets: $16,240,401
- Total Liabilities: $36,299
- Net Assets: $16,204,102
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Organization Details
Founding Year
1975
Phone
(800) 557-6232Principal Officer
Annette Sykora
Main Address
8484 WESTPARK DRIVE 500, TYSONS, VA, 22102
NTEE Category
Code: T30 - Philanthropy
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