Overview
What is North Carolina Automobile Dealers Association Charitable Foundation Inc?
The North Carolina Automobile Dealers Association Charitable Foundation Inc, located at 1029 Wade Avenue, Raleigh, NC 27605, is a nonprofit organization dedicated to recognizing and supporting the efforts of first responders in the community. One of their key missions is to promote education within the automotive field. Through various activities and initiatives, they aim to foster knowledge and growth among individuals working in this sector. The organization's work remains an integral part of its local community, contributing positively to the development of the automotive industry.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star Rating)
The North Carolina Automobile Dealers Association Charitable Foundation Inc has achieved a strong score of 87%, translating to a Three-Star rating, indicative of its effective management and transparency. The charity excels in various accountability and finance metrics, boasting a perfect score for having a fully independent board and no material diversion of assets. The foundation has also implemented robust policies regarding conflicts of interest and document retention, showcasing its commitment to ethical governance.
Financially, the organization demonstrates a solid program expense ratio of approximately 70%, suggesting that a significant portion of its resources is directed towards its charitable programs. This indicates a focus on fulfilling its mission rather than excessive administrative costs. Additionally, the foundation maintains an impressive liabilities to assets ratio of just 0.01%, reflecting a strong financial position and stability.
However, while the foundation scores highly in most areas, there may be room for improvement in maximizing its outreach and impact. Continuous evaluation of its program effectiveness and financial practices will be essential in maintaining its positive trajectory and ensuring ongoing community support.
This AI summary has been generated from information found on Charity Navigator.
Is North Carolina Automobile Dealers Association Charitable Foundation Inc legitimate?
North Carolina Automobile Dealers Association Charitable Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Carolina Automobile Dealers Association Charitable Foundation 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.
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What is the mission statement of North Carolina Automobile Dealers Association Charitable Foundation Inc?
The North Carolina Automobile Dealers Association Charitable Foundation Inc's mission revolves around promoting education within the automotive field. This organization strives to achieve this goal by supporting and fostering learning opportunities for individuals involved in the automotive sector. Additionally, the foundation honors first responders for their significant contributions to the community.
Who is the CEO of North Carolina Automobile Dealers Association Charitable Foundation Inc?
Robert Glaser is the Chair of North Carolina Automobile Dealers Association Charitable Foundation Inc.
What is the revenue of North Carolina Automobile Dealers Association Charitable Foundation Inc?
North Carolina Automobile Dealers Association Charitable Foundation Inc's revenue in 2022 was $44,899.
Who are the executives of North Carolina Automobile Dealers Association Charitable Foundation Inc and what are their salaries?
There 38 volunteers at North Carolina Automobile Dealers Association Charitable Foundation Inc.
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Where can I find the form 990 for North Carolina Automobile Dealers Association Charitable Foundation Inc?
North Carolina Automobile Dealers Association Charitable Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of North Carolina Automobile Dealers Association Charitable Foundation Inc
The North Carolina Automobile Dealers Association Charitable Foundation Inc is dedicated to promoting education within the automotive field. This mission is at the heart of their operations, serving as a guiding principle to support individuals looking to advance their careers in this sector. By investing in education, the foundation aims to foster a skilled and knowledgeable workforce, contributing to the overall growth and success of the automotive industry.
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Impact
August, 2024
The North Carolina Automobile Dealers Association Charitable Foundation Inc has a significant impact on the community by promoting education in the automotive field and honoring first responders for their contributions to the community. Through its philanthropic initiatives, the organization supports individuals pursuing careers in the automotive industry and recognizes the important work of first responders. Overall, the foundation plays a vital role in supporting education and community service in North Carolina.
This information is meant to be a general summary of North Carolina Automobile Dealers Association Charitable Foundation 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: -$1,926
- Gross Receipts: $1,026,457
Assets and Liabilities:
- Total Assets: $600,771
- Total Liabilities: $68
- Net Assets: $600,703
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Organization Details
Founding Year
1988
Phone
(919) 828-4421Principal Officer
Robert Glaser
Main Address
1029 WADE AVENUE, RALEIGH, NC, 27605
NTEE Category
Code: T03 - Philanthropy
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