Overview
What is Walton Family Charitable Support Foundation Inc?
The Walton Family Charitable Support Foundation Inc is a charitable organization based in Bentonville, Arkansas. It functions as a supporting organization as described in IRS sections 501(c)(3) and 509(a)(3), granting funds to public and private colleges and universities, as well as community foundations, in the states of Arkansas, Kansas, Missouri, Oklahoma, and Texas. The foundation's mission centers around providing financial assistance to these organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating 79% - Three-Star out of Four Star rating
The Walton Family Charitable Support Foundation has received a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and financial management. The score is based entirely on the Accountability & Finance beacon, which emphasizes the foundation's commitment to effective governance and transparency in its operations.
The foundation demonstrates strong governance practices, with 100% of its board members being independent and a comprehensive set of policies in place, including conflict of interest and whistleblower protections. Financially, the organization shows impressive performance, evidenced by a very low liabilities to assets ratio and a high program expense ratio of 96.22%, indicating that the majority of its funds are directed towards its charitable mission.
While the foundation has received a favorable rating for its accountability and financial practices, there are no additional insights into its programmatic impact or effectiveness from the rating data. This could be an area for potential enhancement in transparency and reporting to provide stakeholders with a clearer picture of the outcomes achieved through its charitable initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Walton Family Charitable Support Foundation Inc legitimate?
Walton Family Charitable Support Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Walton Family Charitable Support 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $8,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Walton Family Charitable Support Foundation Inc?
The Walton Family Charitable Support Foundation functions as a supporting organization under IRC Sections 501(c)(3) and 509(a)(3), making grants to designated public and private colleges and universities, and community foundations in Arkansas, Kansas, Missouri, Oklahoma, and Texas. The foundation's mission is to provide financial assistance to these organizations outlined in Schedule A, Part I, Line G. By offering grants, the foundation aims to contribute to the ongoing operations and growth of these educational institutions and community foundations.
Who is the CEO of Walton Family Charitable Support Foundation Inc?
Unavailable
What is the revenue of Walton Family Charitable Support Foundation Inc?
Walton Family Charitable Support Foundation Inc's revenue in 2022 was $27,468,411.
Who are the executives of Walton Family Charitable Support Foundation Inc and what are their salaries?
There 3 volunteers at Walton Family Charitable Support Foundation Inc.
Here are 7 key members and their salaries:
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $325,229
- Other: $62,253
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $2,000
- Related: $285,862
- Other: $45,950
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Walton Family Charitable Support Foundation Inc?
Walton Family Charitable Support Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Walton Family Charitable Support Foundation Inc
The Walton Family Charitable Support Foundation Inc, a 501(c)(3) and 509(a)(3) supporting organization, is dedicated to providing grants to public and private colleges and universities based in Arkansas and community foundations in five states: Arkansas, Kansas, Missouri, Oklahoma, and Texas. In line with its mission, the Foundation functions as a crucial supporter, contributing financially to these educational institutions and community foundations. By doing so, it helps further their respective initiatives and programs, ultimately benefiting the communities they serve.
The Walton Family Charitable Support Foundation Inc's commitment extends to the educational sector, specifically colleges and universities in Arkansas, and community foundations across five states. By making strategic grants to these organizations, the Foundation plays a vital role in their ongoing operations and growth, allowing them to continue their essential work in providing opportunities for learning and community development. This investment not only ensures the long-term success of these institutions but also positively impacts the lives of countless individuals they serve.
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Impact
October, 2024
Walton Family Charitable Support Foundation Inc significantly impacts education and community development across multiple states. Through its strategic grant-making, the foundation supports public and private colleges and universities in Arkansas, enhancing access to higher education and fostering academic excellence. Additionally, it collaborates with community foundations in Arkansas, Kansas, Missouri, Oklahoma, and Texas, thereby strengthening local initiatives and funding essential programs that address community needs. This targeted philanthropy not only uplifts educational institutions but also enriches communities, creating a ripple effect of positive change throughout the region.
This information is meant to be a general summary of Walton Family Charitable Support 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: $28,025,886
- Gross Receipts: $64,823,695
Assets and Liabilities:
- Total Assets: $1,129,075,918
- Total Liabilities: $0
- Net Assets: $1,129,075,918
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Organization Details
Founding Year
1987
Main Address
PO BOX 2030, BENTONVILLE, AR, 72712
NTEE Category
Code: T900 - Philanthropy
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