Overview
What is The Eudora Welty Foundation Inc?
The Eudora Welty Foundation Inc is a nonprofit organization located in Jackson, Mississippi. Established with the purpose of honoring renowned author Eudora Welty and her legacy, the foundation's primary objective is to preserve and maintain her childhood home, known as the Welty House. To fulfill this mission, the organization collaborates with the Mississippi Department of Archives and History, providing assistance in its upkeep and operation. Beyond preservation, the foundation's activities also involve the interpretation and promotion of Welty's life and works, as well as commemorating her parents and family.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (2 stars, 73%)
The Eudora Welty Foundation Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating that it needs improvement in its accountability and financial practices. While the organization boasts a high percentage of independent board members and a solid program expense ratio of 79.58%, there are notable deficiencies in transparency and governance policies, which have contributed to its lower rating.
Strengths of the foundation include a strong commitment to independence among board members and a healthy liabilities to assets ratio of just 1.81%. Additionally, they document board meeting minutes, which reflects some level of accountability. However, the absence of essential documents like a conflict of interest policy, whistleblower policy, and retention and destruction policy raises concerns about governance standards.
Overall, while the Eudora Welty Foundation demonstrates strong financial management in certain areas, the lack of critical documentation and transparency measures limits its overall effectiveness and accountability to stakeholders. Improvements in these areas could help enhance its reputation and performance in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Eudora Welty Foundation Inc legitimate?
The Eudora Welty Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Eudora Welty 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.
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What is the mission statement of The Eudora Welty Foundation Inc?
The Eudora Welty Foundation Inc was established with a mission to aid the Mississippi Department of Archives and History in preserving and maintaining the Eudora Welty House. The organization fulfills this purpose by soliciting and utilizing funds to honor Eudora Welty, her life, and her works, and to commemorate her parents and family. The foundation actively works towards preserving, maintaining, interpreting, and supporting the operation of the Welty Home in Jackson, Mississippi. By doing so, it aims to celebrate and uphold the legacy of this renowned author and artist.
What is the revenue of The Eudora Welty Foundation Inc?
The Eudora Welty Foundation Inc's revenue in 2023 was $576,581.
Who are the executives of The Eudora Welty Foundation Inc and what are their salaries?
There 16 volunteers at The Eudora Welty Foundation Inc.
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Where can I find the form 990 for The Eudora Welty Foundation Inc?
The Eudora Welty Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Eudora Welty Foundation Inc
The Eudora Welty Foundation Inc was established with a mission to assist the Mississippi Department of Archives and History in preserving and maintaining the Eudora Welty House. In fulfilling this purpose, the foundation raises and utilizes funds to honor the life and works of Eudora Welty, as well as to commemorate her parents and family. The organization's efforts focus on the preservation, maintenance, interpretation, and operation of the Welty Home in Jackson, Mississippi. By carrying out these tasks, The Eudora Welty Foundation Inc aims to celebrate and pay tribute to the renowned author's legacy and contributions to literature.
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Impact
October, 2024
The Eudora Welty Foundation Inc plays a crucial role in preserving the legacy of Eudora Welty, a prominent American author, by supporting the maintenance and operation of the Eudora Welty House in Jackson, Mississippi. This organization works closely with the Mississippi Department of Archives and History to ensure that the historic home is preserved for future generations.
Through fundraising efforts, the foundation dedicates resources to honor Welty's contributions to literature as well as to memorialize her family. The preservation and interpretation of the Welty home not only protect her personal history but also promote a deeper understanding of her works and the context in which she wrote. By facilitating access to this important cultural site, the foundation enriches the community’s appreciation for the arts and encourages scholarly research and public engagement with Welty’s literary legacy.
This information is meant to be a general summary of The Eudora Welty 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: $23,550
- Gross Receipts: $576,581
Assets and Liabilities:
- Total Assets: $1,587,401
- Total Liabilities: $28,767
- Net Assets: $1,558,634
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Organization Details
Founding Year
1999
Principal Officer
Holmes Adams
NTEE Category
Code: A115 - Arts
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