Overview
What is Chapin Foundation Of Myrtle Beach Sc?
The Chapin Foundation of Myrtle Beach SC is a nonprofit organization, headquartered in Myrtle Beach, South Carolina. With a small team of one employee, this foundation primarily focuses on providing financial assistance to various organizations within Myrtle Beach and its surrounding areas. The organizations they support must fall under specific categories, which include YMCA/YWCA, Churches, Public Health Organizations, and Public Libraries. The Chapin Foundation aims to contribute to the betterment of these sectors by providing essential funds.
Official website here: www.chapinfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star Rating)
The Chapin Foundation of Myrtle Beach, SC has earned an 81% rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. The rating is based solely on their performance in these areas, indicating that they maintain a high level of fiscal responsibility. Key factors contributing to this score include a 100% independent board and effective policies regarding conflicts of interest and asset management.
The foundation demonstrates excellent financial management, with a program expense ratio of 98.17%, suggesting that the vast majority of their resources are dedicated to their charitable programs. Additionally, they have no reported liabilities, which highlights their financial stability and prudent operational practices. The policies in place for governance, including whistleblower and document retention policies, further illustrate their commitment to transparency.
Despite these strengths, the rating is solely based on accountability and finance, without any evaluation of program outcomes or impact. As such, while the foundation is recognized for its responsible financial practices, potential donors may wish to seek additional information on the effectiveness and reach of its programs.
This AI summary has been generated from information found on Charity Navigator.
Is Chapin Foundation Of Myrtle Beach Sc legitimate?
Chapin Foundation Of Myrtle Beach Sc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chapin Foundation Of Myrtle Beach Sc 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: $82,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.chapinfoundation.org
What is the mission statement of Chapin Foundation Of Myrtle Beach Sc?
The Chapin Foundation, located in an unspecified area, focuses on providing financial support to various organizations. To be eligible for funding, the organizations must belong to one of the designated beneficiary classes mentioned in the foundation's governing document. These beneficiary classes include YMCA/YWCA, Churches, Public Health Organizations, and Public Libraries. The primary mission of the Chapin Foundation is to contribute to the betterment of these organizations, ultimately aiming to positively impact the communities they serve.
Official website here: www.chapinfoundation.org
Who is the CEO of Chapin Foundation Of Myrtle Beach Sc?
Tory Mackey is the Executive Director of Chapin Foundation Of Myrtle Beach Sc.
Official website here: www.chapinfoundation.org
What is the revenue of Chapin Foundation Of Myrtle Beach Sc?
Chapin Foundation Of Myrtle Beach Sc's revenue in 2022 was $3,160,962.
Official website here: www.chapinfoundation.org
Who are the executives of Chapin Foundation Of Myrtle Beach Sc and what are their salaries?
The average compensation at Chapin Foundation Of Myrtle Beach Sc during 2022 was $82,000. There is 1 employee and 10 volunteers at Chapin Foundation Of Myrtle Beach Sc.
Here are 6 key members and their salaries:
- Compensation: $82,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.chapinfoundation.org
Where can I find the form 990 for Chapin Foundation Of Myrtle Beach Sc?
Chapin Foundation Of Myrtle Beach Sc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chapinfoundation.org
Learn more at the official website: www.chapinfoundation.org
Mission Statement of Chapin Foundation Of Myrtle Beach Sc
The Chapin Foundation, based in Myrtle Beach, is committed to providing financial support to a select group of organizations. These beneficiaries must fall under one of four categories: YMCA/YWCA, Churches, Public Health Organizations, or Public Libraries. The mission of this foundation is to contribute financially to these organizations, thereby enabling them to continue their vital work within their respective fields. By providing funds to these entities, the Chapin Foundation plays a significant role in supporting the well-being and development of various communities in the local area.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Chapin Foundation of Myrtle Beach SC's impact is evident in the support it provides to various organizations in Myrtle Beach and surrounding areas. By providing funds to organizations such as YMCA/YWCA, churches, health care facilities, and public libraries, the foundation plays a significant role in strengthening the community and enhancing the quality of life for residents. Through its targeted funding, the foundation helps these organizations carry out their missions and make a positive difference in the lives of individuals within the community.
This information is meant to be a general summary of Chapin Foundation Of Myrtle Beach Sc. 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: $3,145,362
- Gross Receipts: $3,160,962
Assets and Liabilities:
- Total Assets: $14,097,546
- Total Liabilities: $0
- Net Assets: $14,097,546
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1943
Phone
(843) 449-7284Principal Officer
Tory Mackey
Main Address
PO Box 70248, Myrtle Beach, SC, 29572
Website
www.chapinfoundation.orgNTEE Category
Code: Z99 - Unknown
If you are a representative of Chapin Foundation Of Myrtle Beach Sc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.