Overview
What is Wildwood Foundation Inc?
Wildwood Foundation Inc is a nonprofit organization situated at 139 Stanley Road, Henrico, North Carolina (NC) 27842. The primary purpose of this organization is to generate funds for charitable causes supported by the International Association of Lions Clubs, such as aiding the visually impaired and various other services and organizations. They achieve this by renting out their buildings and grounds to individuals, local businesses, and other nonprofit entities. Notably, a significant portion of their rental activities is dedicated to supporting the Lake Gaston Lions Club Seafood Festival, contributing to their overall mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
Wildwood Foundation Inc has received a low score of 53%, indicating significant concerns regarding its accountability and financial practices. The rating reflects a complete reliance on a single beacon score, particularly in the Accountability & Finance category. The absence of independent board members and missing policies related to conflict of interest and whistleblower protections are notable weaknesses.
Despite these challenges, the organization demonstrates some positive financial metrics, including a solid program expense ratio of 75.50%, suggesting that a significant portion of its expenses is directed towards its programs. Additionally, the liabilities to assets ratio is 21.71%, indicating a reasonable level of financial stability. However, the lack of transparency with missing documents and policies raises questions about governance practices.
Overall, while Wildwood Foundation Inc shows some strengths in program spending and financial management, the critical shortcomings in board independence and policy documentation highlight areas that need improvement for better organizational accountability and credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Wildwood Foundation Inc legitimate?
Wildwood Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wildwood 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 Wildwood Foundation Inc?
The Wildwood Foundation Inc, as outlined in its mission, focuses on raising funds for charitable causes that are favored by the International Association of Lions Clubs. These charitable pursuits encompass supporting the visually impaired and contributing to various other services and organizations in need. The foundation achieves this objective by renting out its buildings and grounds to individuals, local businesses, and not-for-profit entities, with the primary rental activity being the support of the Lake Gaston Lions Club Seafood Festival.
Who is the CEO of Wildwood Foundation Inc?
Scott Miller is the President of Wildwood Foundation Inc.
What is the revenue of Wildwood Foundation Inc?
Wildwood Foundation Inc's revenue in 2022 was $38,457.
Who are the executives of Wildwood Foundation Inc and what are their salaries?
There 65 volunteers at Wildwood Foundation Inc.
Here are 16 key members and their salaries:
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Where can I find the form 990 for Wildwood Foundation Inc?
Wildwood Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wildwood Foundation Inc
Wildwood Foundation Inc, as a charitable organization, is dedicated to raising funds for causes endorsed by the International Association of Lions Clubs. This encompasses support for the visually impaired and various other philanthropic endeavors. The foundation's primary mission is to channel these funds towards these favored causes, demonstrating a commitment to making a positive impact in numerous communities.
To achieve its objectives, Wildwood Foundation Inc engages in various activities. One such activity involves renting out its buildings and grounds to individuals, local businesses, and not-for-profit entities. This rental income serves to bolster the foundation's ability to fulfill its mission, providing a steady source of financial support. This is particularly evident through the foundation's major rental event, the Lake Gaston Lions Club Seafood Festival. By participating in such events, Wildwood Foundation Inc effectively contributes to the broader mission of the Lions Clubs International, thereby extending its reach and impact.
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Impact
August, 2024
Wildwood Foundation Inc raises money for charitable purposes favored by the International Association of Lions Clubs, including support for the blind and various other services and charities. They support these causes through fundraising activities such as renting out their building and grounds to individuals, local businesses, and not-for-profit entities. One significant event they support is the Lake Gaston Lions Club Seafood Festival. Their mission is to raise funds for these charitable purposes, making a significant impact in their community and beyond.
This information is meant to be a general summary of Wildwood 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.
- Program Service Revenue: $2,879
- Gross Receipts: $40,588
Assets and Liabilities:
- Total Assets: $565,033
- Total Liabilities: $134,272
- Net Assets: $430,761
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Organization Details
Founding Year
1982
Phone
(252) 586-1248Principal Officer
Scott Miller
Main Address
139 Stanley Road, Henrico, NC, 27842
NTEE Category
Code: T30 - Philanthropy
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