Overview
What is Jimmy Rane Foundation?
The Jimmy Rane Foundation is a distinguished nonprofit organization that focuses on awarding scholarships to deserving students and fostering community development through education-related projects and grants. By providing financial aid to deserving students, the foundation aims to empower individuals, thereby enriching their lives and their communities. Additionally, the foundation invests in education projects and grants to strengthen local communities, furthering its commitment to creating positive social change.
Official website here: www.jimmyranefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 29%, Zero-Star out of Four Stars
The Jimmy Rane Foundation has received a low rating of 29%, which translates to a Zero-Star rating. This score indicates significant concerns regarding the charity's accountability and financial practices, which heavily influence its overall rating. Although the organization has an independent board with a strong composition of members, it lacks essential financial transparency, as reflected in its absence of financial statements.
While the foundation has demonstrated positive aspects such as a complete independent board, it fails to meet critical standards in transparency and policy compliance. Notably, the charity does not have key policies in place, including a conflict of interest policy and a whistleblower policy, which are vital for promoting ethical governance and accountability. Additionally, the foundation has not posted its financial forms on its website, further obscuring its financial operations from public scrutiny.
Overall, while the Jimmy Rane Foundation shows some governance strengths, the glaring gaps in financial reporting and policy establishment limit its effectiveness and reliability as a nonprofit. Potential donors and stakeholders may want to consider these issues seriously when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Jimmy Rane Foundation legitimate?
Jimmy Rane Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jimmy Rane Foundation 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
Official website here: www.jimmyranefoundation.org
What is the mission statement of Jimmy Rane Foundation?
The Jimmy Rane Foundation's mission is centered around providing educational opportunities for deserving students and strengthening communities. They accomplish this objective through the distribution of scholarships and by supporting various education projects and grant initiatives. By doing so, the foundation aims to contribute positively to the development and improvement of communities.
Official website here: www.jimmyranefoundation.org
Who is the CEO of Jimmy Rane Foundation?
James W Rane is the President/Director of Jimmy Rane Foundation.
Official website here: www.jimmyranefoundation.org
What is the revenue of Jimmy Rane Foundation?
Jimmy Rane Foundation's revenue in 2023 was $1,387,791.
Official website here: www.jimmyranefoundation.org
Who are the executives of Jimmy Rane Foundation and what are their salaries?
There 15 volunteers at Jimmy Rane Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.jimmyranefoundation.org
Where can I find the form 990 for Jimmy Rane Foundation?
Jimmy Rane Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.jimmyranefoundation.org
Learn more at the official website: www.jimmyranefoundation.org
Mission Statement of Jimmy Rane Foundation
The Jimmy Rane Foundation, as stated in its mission, is committed to providing scholarships to deserving students and strengthening communities through education projects and grants. The organization's primary goal is to empower students by offering them financial aid, thereby enabling them to pursue their educational endeavors. Additionally, the foundation contributes to community development by funding various education-focused projects and grant initiatives. By doing so, it aims to foster a positive impact on the communities in which it operates, ultimately contributing to their overall growth and prosperity.
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Impact
July, 2024
The Jimmy Rane Foundation has a significant impact on communities by providing scholarships to deserving students and strengthening these communities through education projects and grants. This support enables students to pursue their academic goals and attain higher education, thereby facilitating personal growth and contributing to the overall development of the community. Through its mission of supporting education and empowering individuals, the foundation plays a vital role in creating opportunities for students and fostering a positive impact on the community as a whole.
This information is meant to be a general summary of Jimmy Rane Foundation. 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: -$231,279
- Gross Receipts: $6,139,908
Assets and Liabilities:
- Total Assets: $6,635,477
- Total Liabilities: $0
- Net Assets: $6,635,477
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Organization Details
Founding Year
2001
Phone
(334) 585-6536Principal Officer
James W Rane
Main Address
P O BOX 40, ABBEVILLE, AL, 36310
Website
www.jimmyranefoundation.orgNTEE Category
Code: P99 - Human services
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