Overview
What is Tuw Joseph F Cannon Jr Fbo Observer Fresh Air?
Tuw Joseph F Cannon Jr Fbo Observer Fresh Air is a nonprofit organization that primarily serves as a trust distributor. It channels income derived from its investments to the YMCA of Greater Charlotte. Beyond financial support, this organization also contributes to the YMCA through various programs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (60%, Two-Star out of Four Star rating)
Tuw Joseph F Cannon Jr Fbo Observer Fresh Air has received a rating of "Needs Improvement" from Charity Navigator, indicating areas that require attention for better operational transparency and governance. The organization demonstrates a strong program expense ratio of 98.32%, indicating that a significant portion of its expenses is directed towards its programs, which is a positive sign of its effectiveness. However, the overall accountability and finance score is 60%, which highlights concerns regarding its governance practices.
One major area of concern is the absence of independent board members, scoring 0% in this category. This lack of independence can raise questions about the oversight and decision-making processes within the organization. Additionally, the nonprofit's website does not contain critical documents such as the tax form, which further contributes to its low rating in transparency. While it has a conflict of interest policy in place, other policies like the whistleblower and document retention policies are missing.
Despite these limitations, the organization has successfully avoided material diversion of assets and maintains a favorable liabilities to assets ratio of 0.00%, indicating financial stability. To improve its rating, Tuw Joseph F Cannon Jr Fbo Observer Fresh Air should focus on enhancing governance practices and ensuring that all required documents are accessible to the public.
This AI summary has been generated from information found on Charity Navigator.
Is Tuw Joseph F Cannon Jr Fbo Observer Fresh Air legitimate?
Tuw Joseph F Cannon Jr Fbo Observer Fresh Air is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tuw Joseph F Cannon Jr Fbo Observer Fresh Air 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: $1,006
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Tuw Joseph F Cannon Jr Fbo Observer Fresh Air?
Tuw Joseph F Cannon Jr Fbo Observer Fresh Air primarily functions by distributing income derived from its trust investments to the YMCA of Greater Charlotte. The organization's primary objective is to support this particular YMCA chapter financially. In addition to this, Tuw Joseph F Cannon Jr Fbo Observer Fresh Air also provides programs that involve further funding to the YMCA of Greater Charlotte. The organization's activities are centered around providing financial assistance to the YMCA, thereby contributing to its operations and programs.
Who is the CEO of Tuw Joseph F Cannon Jr Fbo Observer Fresh Air?
Fifth Third Bank N A is the Trustee of Tuw Joseph F Cannon Jr Fbo Observer Fresh Air.
What is the revenue of Tuw Joseph F Cannon Jr Fbo Observer Fresh Air?
Tuw Joseph F Cannon Jr Fbo Observer Fresh Air's revenue in 2022 was $117,484.
Who are the executives of Tuw Joseph F Cannon Jr Fbo Observer Fresh Air and what are their salaries?
There is 1 key member and their salary:
- Compensation: $1,006
- Related: $0
- Other: $0
Where can I find the form 990 for Tuw Joseph F Cannon Jr Fbo Observer Fresh Air?
Tuw Joseph F Cannon Jr Fbo Observer Fresh Air's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tuw Joseph F Cannon Jr Fbo Observer Fresh Air
Tuw Joseph F Cannon Jr Fbo Observer Fresh Air, as a nonprofit entity, is dedicated to distributing income derived from its trust investments to the YMCA of Greater Charlotte. This financial support is a significant contribution to the YMCA's operations, thereby allowing it to continue its mission of empowering communities and promoting wellness. The nonprofit's activities extend beyond mere financial support, as it also provides programs that are aligned with the YMCA's objectives. These programs share in the receipt of income from the trust investments, thereby strengthening the partnership between Tuw Joseph F Cannon Jr Fbo Observer Fresh Air and the YMCA of Greater Charlotte.
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Impact
October, 2024
Tuw Joseph F Cannon Jr Fbo Observer Fresh Air plays a significant role in supporting the YMCA of Greater Charlotte by distributing income generated from trust investments. This financial support enables the YMCA to enhance its programs and initiatives aimed at community development, youth engagement, and overall health and wellness. By channeling resources towards the YMCA, this entity contributes to the enhancement of facilities, the provision of services, and the promotion of activities that benefit residents in the Charlotte area. The impact is felt not only in the immediate funding but also in the long-term benefits that stem from a well-supported YMCA, which serves as a vital resource for individuals and families seeking enrichment, education, and community connection.
This information is meant to be a general summary of Tuw Joseph F Cannon Jr Fbo Observer Fresh Air. 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: $117,484
- Gross Receipts: $117,484
Assets and Liabilities:
- Total Assets: $3,697,086
- Total Liabilities: $0
- Net Assets: $3,697,086
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Organization Details
Founding Year
1946
Phone
(513) 534-5310Principal Officer
Fifth Third Bank N A
Main Address
PO BOX 630858, CINCINNATI, OH, 452630858
NTEE Category
Code: T22 - Philanthropy
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