Overview
What is The Foundation Of The United Way Of South Sarasota?
The Foundation of the United Way of South Sarasota, identified as County Inc, is a nonprofit entity situated in Venice, Florida. This organization primarily functions as a grant-making body, disbursing funds periodically from its investment income to support the activities and objectives of the United Way of South Sarasota County. The Foundation's role is crucial in enabling the United Way to carry out its mission, contributing to the betterment of the community in South Sarasota County. With a modest workforce of one employee, the Foundation plays a vital role in the area's social and community development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33% (Zero-Star out of Four Stars)
The Foundation Of The United Way Of South Sarasota has received a low score of 33%, resulting in a Zero-Star rating. This rating primarily reflects the organization's performance in the Accountability & Finance category, where it scored poorly due to several missing policies and lack of transparency regarding financial information.
Despite some strengths, such as having a majority of independent board members and no material diversion of assets, the foundation's missing conflict of interest policy, whistleblower policy, and document retention policy significantly impacted its overall rating. Additionally, the organization did not provide crucial information on its website, including tax documents, which contributed to its low program expense ratio.
The foundation's financial health is also a concern, as indicated by its program expense ratio of only 41.31%. This suggests that a substantial portion of its resources may not be allocated toward its charitable programs, raising questions about its effectiveness and commitment to fulfilling its mission. Overall, while there are some positive aspects, the significant gaps in governance and transparency are critical limitations for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Foundation Of The United Way Of South Sarasota legitimate?
The Foundation Of The United Way Of South Sarasota is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foundation Of The United Way Of South Sarasota 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: $3,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Foundation Of The United Way Of South Sarasota?
The Foundation of the United Way of South Sarasota has a mission to make regular grants from its investment income, primarily to support the functions and objectives of the United Way of South Sarasota County. Its purpose is to contribute financially to the activities and programs of this organization, thereby helping it achieve its goals. The Foundation's role is crucial in providing the necessary funds to carry out the United Way's mission of improving community life by addressing social issues. By doing so, it plays a significant role in fostering positive change and community development.
Who is the CEO of The Foundation Of The United Way Of South Sarasota?
Barbara Cruz is the Chair of The Foundation Of The United Way Of South Sarasota.
What is the revenue of The Foundation Of The United Way Of South Sarasota?
The Foundation Of The United Way Of South Sarasota's revenue in 2022 was $83,447.
Who are the executives of The Foundation Of The United Way Of South Sarasota and what are their salaries?
The average compensation at The Foundation Of The United Way Of South Sarasota during 2022 was $3,500. There is 1 employee at The Foundation Of The United Way Of South Sarasota.
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
Where can I find the form 990 for The Foundation Of The United Way Of South Sarasota?
The Foundation Of The United Way Of South Sarasota's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Foundation Of The United Way Of South Sarasota
The Foundation of the United Way of South Sarasota, in its mission, makes periodic grants exclusively from its investment income. This initiative is geared towards enabling the United Way of South Sarasota County to fulfill its purpose and carry out its functions. By providing financial support in this manner, the Foundation plays a crucial role in supporting the overarching objectives of the United Way organization in the South Sarasota County area.
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Impact
October, 2024
The Foundation of the United Way of South Sarasota plays a crucial role in enhancing the quality of life in the community by providing consistent support through periodic grants. These grants are funded through investment income and are exclusively allocated to the United Way of South Sarasota County, enabling the organization to effectively perform its various functions and programs. By channeling financial resources into vital community initiatives, the Foundation contributes to the local recreational landscape and helps address pressing social needs. Its impact is felt in Venice, FL, where it supports efforts that foster community engagement and improve overall well-being.
This information is meant to be a general summary of The Foundation Of The United Way Of South Sarasota. 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: $64,849
- Gross Receipts: $253,198
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2000
Principal Officer
Barbara Cruz
Main Address
4242 S Tamiami Trail, Venice, FL, 34293
NTEE Category
Code: N20 - Recreation
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