Overview
What is Frazier & Deeter Foundation Inc?
Frazier & Deeter Foundation Inc, based in Atlanta, Georgia, is a charitable organization that adheres to Section 501(C)(3) of the Internal Revenue Code. Its primary objective is to support various charitable organizations within the metropolitan Atlanta area, fostering charitable giving and benevolence. The foundation may also offer limited financial assistance to employees of Frazier & Deeter or affiliated entities experiencing economic hardship due to certain emergencies. These situations include personal or family crises, unexpected medical expenses beyond insurance coverage, or uninsured losses due to fires or natural disasters. The foundation's purpose is to receive contributions and provide financial support for charitable causes within the meaning of Section 501(C)(3) of the IRC.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (59%)
The Frazier & Deeter Foundation Inc has received a One-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management. The organization has a notably low score for board independence, with 0% of its board members being independent, which raises potential issues in governance and oversight.
Despite the weaknesses in board independence, the foundation demonstrates positive aspects in certain operational policies. It has a conflict of interest policy, a whistleblower policy, and document retention procedures in place, all earning full points. Furthermore, the foundation shows a high program expense ratio of 99.98%, suggesting that most of its funds are allocated directly to its programs rather than administrative costs.
However, the lack of independent board members is a critical limitation, as it can impact decision-making and transparency. Additionally, the foundation's website is missing from its tax form, which could hinder public access to important information. Overall, while the foundation appears to be effectively channeling funds into its programs, there are significant governance concerns that potential donors may want to consider.
This AI summary has been generated from information found on Charity Navigator.
Is Frazier & Deeter Foundation Inc legitimate?
Frazier & Deeter Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frazier & Deeter 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Frazier & Deeter Foundation Inc?
The Frazier & Deeter Foundation Inc's primary purpose is to collect and distribute funds for charitable purposes, aligning with the guidelines of Section 501(C)(3) of the Internal Revenue Code. The foundation supports various charitable organizations by making grants and contributions, fostering charitable giving and benevolence throughout the metropolitan Atlanta area. Additionally, the foundation may offer limited financial assistance to employees of Frazier & Deeter or its affiliated entities who are facing economic hardship due to certain emergency situations, such as personal crises, unexpected medical expenses, or losses due to fire or natural disasters.
Who is the CEO of Frazier & Deeter Foundation Inc?
Jeremy Sperring is the President of Frazier & Deeter Foundation Inc.
What is the revenue of Frazier & Deeter Foundation Inc?
Frazier & Deeter Foundation Inc's revenue in 2022 was $51,363.
Who are the executives of Frazier & Deeter Foundation Inc and what are their salaries?
There 100 volunteers at Frazier & Deeter Foundation Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Frazier & Deeter Foundation Inc?
Frazier & Deeter Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Frazier & Deeter Foundation Inc
Frazier & Deeter Foundation Inc is an organization dedicated to soliciting and distributing contributions for charitable purposes. Its purpose, as outlined by Section 501(C)(3) of the Internal Revenue Code, is to offer financial assistance and support to various charitable organizations within the metropolitan Atlanta area. The foundation aims to foster charitable giving and benevolence, contributing to the well-being of numerous charitable organizations in the region.
Beyond supporting external organizations, Frazier & Deeter Foundation Inc also extends limited benevolent financial assistance to employees of Frazier and Deeter, or affiliated entities, who are experiencing economic hardship due to certain emergency situations. These situations can include personal or family crises involving an emergency financial need, unexpected medical expenses exceeding insurance provisions or benefits, resulting in economic hardship, or an uninsured loss due to fire or natural disaster, resulting in economic hardship. The foundation's mission is to provide aid and assistance during these challenging times, contributing to the overall well-being and stability of its employees.
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Impact
August, 2024
Frazier & Deeter Foundation Inc's impact can be seen in its dedication to fostering charitable giving and benevolence in the metropolitan Atlanta area. The foundation provides financial assistance to various charitable organizations, supporting their missions and initiatives. Additionally, the foundation offers help to Frazier and Deeter's employees facing economic hardship due to emergency situations, such as personal or family crises, unexpected medical expenses, or uninsured losses from natural disasters. Through its philanthropic efforts, the Frazier & Deeter Foundation positively contributes to the well-being of both charitable organizations and individuals in need in the Atlanta community.
This information is meant to be a general summary of Frazier & Deeter 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: $1,599
- Gross Receipts: $51,363
Assets and Liabilities:
- Total Assets: $41,481
- Total Liabilities: $35,547
- Net Assets: $5,934
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Organization Details
Founding Year
2002
Phone
(404) 253-7500Principal Officer
Jeremy Sperring
Main Address
1230 PEACHTREE STREET NE 1500, ATLANTA, GA, 30309
NTEE Category
Code: T20 - Philanthropy
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