Overview
What is Merrie-Woode Foundation Inc?
The Merrie-Woode Foundation Inc, situated in Sapphire, North Carolina, is a dedicated nonprofit organization committed to youth education and development. Their mission revolves around enhancing the physical and mental environments of young people, enabling them to develop the skills necessary for self-improvement and serving others. The Foundation's activities are primarily focused on this cause, supporting the growth and well-being of youth in their community.
Official website here: www.merriewoode.com
What are the reviews and ratings of this charity?
Rating from Charity Navigator: One-Star out of Four Stars (56%)
The Merrie-Woode Foundation Inc received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization excels in areas such as having a fully independent board and strong policies for audit oversight, it suffers from a low program expense ratio and a concerning liabilities to assets ratio. This suggests the foundation may not be utilizing its resources effectively to further its mission.
The organization demonstrates strengths in governance, with 100% of its board members being independent and policies in place to address conflicts of interest and whistleblower protections. However, the absence of its tax form on the nonprofit's website raises transparency issues that potential donors and stakeholders may find troubling. Such transparency is critical for fostering trust and ensuring that funds are being managed and allocated properly.
Overall, while there are positive aspects in governance and oversight, the financial health and program effectiveness of the Merrie-Woode Foundation Inc require attention. Prospective supporters may want to consider these factors carefully when evaluating their contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Merrie-Woode Foundation Inc legitimate?
Merrie-Woode Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Merrie-Woode 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: $250,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $839,336
For more financial information, click here
Official website here: www.merriewoode.com
What is the mission statement of Merrie-Woode Foundation Inc?
The Merrie-Woode Foundation's mission is centered around youth education and development. It strives to enhance the mental and physical environments of young individuals, enabling them to improve their self-serving and societal service skills. The foundation's primary goal is to contribute to the growth and development of the youth, focusing on educational aspects.
Official website here: www.merriewoode.com
What is the revenue of Merrie-Woode Foundation Inc?
Merrie-Woode Foundation Inc's revenue in 2023 was $4,180,998.
Official website here: www.merriewoode.com
Who are the executives of Merrie-Woode Foundation Inc and what are their salaries?
The average compensation at Merrie-Woode Foundation Inc during 2023 was $6,297. There are 173 employees at Merrie-Woode Foundation Inc.
Here are 18 key members and their salaries:
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- Compensation: $125,000
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Official website here: www.merriewoode.com
Where can I find the form 990 for Merrie-Woode Foundation Inc?
Merrie-Woode Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.merriewoode.com
Learn more at the official website: www.merriewoode.com
Mission Statement of Merrie-Woode Foundation Inc
The Merrie-Woode Foundation, a nonprofit organization, is dedicated to the mission of advancing youth education and development. By expanding the physical and mental environment for young individuals, this organization strives to equip them with the necessary skills to serve themselves and others more effectively. The Merrie-Woode Foundation's primary focus is on nurturing the growth and development of youth, aiming to foster a sense of self-sufficiency and a desire to contribute positively to their communities and beyond.
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Impact
July, 2024
Merrie-Woode Foundation Inc plays a significant role in expanding the physical and mental environment of youth, assisting them in learning how to better serve themselves and others. Through their youth education and development programs, they aim to positively impact the lives of young individuals in Sapphire, NC. By focusing on empowering youth, Merrie-Woode Foundation Inc contributes to creating a more knowledgeable, confident, and service-oriented generation.
This information is meant to be a general summary of Merrie-Woode 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: $331,077
- Program Service Revenue: $3,350,799
- Gross Receipts: $4,247,025
Assets and Liabilities:
- Total Assets: $17,842,033
- Total Liabilities: $1,838,677
- Net Assets: $16,003,356
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition & fees
Revenue
$3,346,679
Off season programming
Revenue
$11,000
Present value adjust f
Revenue
-$6,880
Organization Details
Founding Year
1978
Principal Officer
Frost Walker
Website
www.merriewoode.comNTEE Category
Code: Z99Z - Unknown
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