Overview
What is Chris-Tex Inc?
Chris-Tex Inc, based in Cantonment, Florida, serves as a specialized investment and endowment manager. With a focus on financial management, the nonprofit organization utilizes its resources to effectively manage investments and endowments for various clients.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Chris-Tex Inc has earned a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The score reflects a strong emphasis on financial management, with the organization achieving a perfect score in several categories, including audit oversight and the absence of asset diversion. Its overall accountability score of 79% suggests that the organization meets a commendable standard in financial practices.
Strengths of Chris-Tex Inc include well-defined governance policies, such as a conflict of interest policy and a whistleblower policy, both of which are fully documented. Additionally, the organization maintains an excellent program expense ratio of 81.41%, indicating that a significant portion of its expenditures is directed toward its programs rather than administrative costs. Furthermore, the organization has a strong asset management strategy, reflected by its 0.00% liabilities to assets ratio, suggesting financial stability.
Despite its strengths, the single beacon score can limit the broader evaluation of other aspects of the organization’s performance, as only accountability and finance are considered. Potential donors and stakeholders may want additional insights into program effectiveness and impact. Overall, Chris-Tex Inc demonstrates a commitment to financial transparency and responsible management, making it a trustworthy option for those looking to contribute.
This AI summary has been generated from information found on Charity Navigator.
Is Chris-Tex Inc legitimate?
Chris-Tex Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chris-Tex 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 Chris-Tex Inc?
Chris-Tex Inc serves as a proficient investment and endowment manager. Its primary role encompasses managing funds and assets on behalf of various clients. The organization's mission is geared towards maximizing financial returns while preserving wealth. Through prudent investment strategies and effective financial management, Chris-Tex Inc aims to help its clients achieve their financial objectives. The company's expertise lies in managing both short-term and long-term investments, ensuring a diversified portfolio that caters to its clients' unique needs and risk profiles. Additionally, Chris-Tex Inc offers customized endowment management solutions, enabling its clients to maintain a sustainable source of income for their ongoing initiatives.
Who is the CEO of Chris-Tex Inc?
Dr Troy Shoemaker is the President of Chris-Tex Inc.
What is the revenue of Chris-Tex Inc?
Chris-Tex Inc's revenue in 2022 was $60,967,322.
Who are the executives of Chris-Tex Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $191,102
- Other: $0
- Compensation: $0
- Related: $118,820
- Other: $0
- Compensation: $0
- Related: $107,572
- Other: $0
Where can I find the form 990 for Chris-Tex Inc?
Chris-Tex Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Chris-Tex Inc
Chris-Tex Inc, a renowned investment and endowment manager, is dedicated to managing funds on behalf of various clients. The organization's primary role revolves around preserving and growing assets through strategic investment strategies. By assuming the responsibility of managing investments, Chris-Tex Inc enables its clients to focus on their core activities while trusting the financial expertise of the team.
In essence, Chris-Tex Inc serves as a financial steward, ensuring the long-term financial health and sustainability of the funds under its management. The organization's proficiency in investment management allows it to navigate financial markets, identify opportunities, and make informed decisions on behalf of its clients.
Moreover, Chris-Tex Inc's endowment management services provide a reliable source of funding for the organizations and institutions it works with. By carefully managing their investments, Chris-Tex Inc helps these entities maintain their financial stability and support their missions over the long term. Through its role as an investment and endowment manager, Chris-Tex Inc plays a crucial part in enabling its clients to achieve their financial goals and sustain their operations.
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Impact
October, 2024
Chris-Tex Inc serves as a crucial player in the management of investments and endowments, particularly in the field of education. By overseeing financial assets and allocating resources effectively, the organization ensures that funds are preserved and grown, which supports educational initiatives and programs. This strategic financial management not only enhances the sustainability of educational resources but also expands opportunities for learning and growth in the community.
Operating from Cantonment, Florida, Chris-Tex Inc’s focus on education allows it to contribute significantly to the funding and development of various educational projects. By providing stable financial backing, it helps educational institutions and initiatives thrive, ultimately fostering a more educated and skilled populace. The organization's impact is felt through the enhancement of educational opportunities, which can lead to improved personal and professional outcomes for individuals and benefits for the community as a whole.
This information is meant to be a general summary of Chris-Tex 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: $60,756,635
- Gross Receipts: $60,967,322
Assets and Liabilities:
- Total Assets: $1,355,088,356
- Total Liabilities: $0
- Net Assets: $1,355,088,356
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Organization Details
Founding Year
1998
Phone
(850) 478-8496Principal Officer
Dr Troy Shoemaker
Main Address
2032 HAMILTON CROSSING DR, CANTONMENT, FL, 32533
NTEE Category
Code: B020 - Education
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