Overview
What is Exchange Club Of Charleston Foundation Inc?
The Exchange Club Of Charleston Foundation Inc is a nonprofit organization, primarily serving communities in Charleston, Dorchester, Colleton, and Berkeley, South Carolina. Their primary mission is to support legitimate charitable causes, aiming to enhance and improve the lives of the people residing in these areas. By providing funds, they strive to contribute to the betterment of their communities, working towards a more prosperous and beneficial future for all.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60%, Two-Star out of Four Star rating.
The Exchange Club of Charleston Foundation Inc has received a Two-Star rating, indicating a need for improvement in its accountability and financial practices. With an overall score of 60%, the organization has strengths in its program expense ratio, which stands at 84.24%, demonstrating a commitment to utilizing funds effectively towards its mission. Additionally, it has a favorable liability to assets ratio of 0.00%, suggesting that it is not over-leveraged.
However, the organization exhibits significant limitations in governance. It lacks any independent board members, which raises concerns about oversight and accountability. Furthermore, key policies, including a whistleblower policy and document retention policy, are missing, which could impact transparency and ethical governance. The absence of a website presence for tax documents and other required disclosures also detracts from its overall accountability.
In summary, while the Exchange Club of Charleston Foundation Inc shows promise in its financial allocation towards programs, the governance issues highlighted in its Charity Navigator rating signal a need for enhanced oversight and policy development to improve its overall standing and trust within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Exchange Club Of Charleston Foundation Inc legitimate?
Exchange Club Of Charleston Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Exchange Club Of Charleston 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 Exchange Club Of Charleston Foundation Inc?
The Exchange Club Of Charleston Foundation Inc's mission is centered around providing financial aid to legitimate charitable entities. This is done with the aim of enhancing and uplifting the communities and individuals residing primarily in the counties of Charleston, Dorchester, Colleton, and Berkeley, South Carolina. The foundation's objective is to contribute to the betterment and improvement of these communities through charitable causes.
Who is the CEO of Exchange Club Of Charleston Foundation Inc?
Brandon Cole is the President of Exchange Club Of Charleston Foundation Inc.
What is the revenue of Exchange Club Of Charleston Foundation Inc?
Exchange Club Of Charleston Foundation Inc's revenue in 2023 was $51,888.
Who are the executives of Exchange Club Of Charleston Foundation Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Exchange Club Of Charleston Foundation Inc?
Exchange Club Of Charleston Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Exchange Club Of Charleston Foundation Inc
The Exchange Club Of Charleston Foundation Inc is dedicated to supporting charitable causes that aim to enhance and uplift communities and their people, primarily focusing on the counties of Charleston, Dorchester, Colleton, and Berkeley, South Carolina. Their mission is centered around providing financial assistance to legitimate charitable organizations, with the ultimate goal of improving the living conditions and well-being of the communities and individuals within their designated areas. By offering funds to such causes, the Exchange Club Of Charleston Foundation Inc plays a significant role in fostering development and fostering a sense of community.
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Impact
August, 2024
The Exchange Club Of Charleston Foundation Inc's impact lies in providing funds to legitimate charitable causes for the betterment and improvement of the communities and people in Charleston, Dorchester, Colleton, and Berkeley counties in South Carolina. They work towards enhancing the well-being of residents in these areas through philanthropic endeavors, contributing to the overall welfare and progress of the region.
This information is meant to be a general summary of Exchange Club Of Charleston 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 2023.
- Investment Income: $16,429
- Gross Receipts: $276,830
Assets and Liabilities:
- Total Assets: $937,936
- Total Liabilities: $0
- Net Assets: $937,936
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Organization Details
Founding Year
1995
Phone
(843) 572-3161Principal Officer
Brandon Cole
Main Address
9850 Highway 78, Ladson, SC, 29456
NTEE Category
Code: T30 - Philanthropy
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