Overview
What is Books-A-Million Inc Associate Assistance Fund?
The Books-A-Million Inc Associate Assistance Fund is a charitable organization, based in Birmingham, Alabama, specifically located at 402 Industrial Lane. Their primary mission is to extend financial aid to Books-A-Million employees who encounter financial difficulties due to personal crises or natural disasters. This assistance is intended for both full-time, part-time, and retired workers who are unable to secure financial support through other means during times of severe hardship. The purpose of the fund is to alleviate financial stress within the Books-A-Million community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star Rating.
Books-A-Million Inc Associate Assistance Fund has achieved an 80% score, indicating a solid level of accountability and financial health. This score is derived solely from the Accountability & Finance beacon, reflecting a strong focus on effective governance and operational transparency. The charity's fiscal practices are commendable, particularly its 100% allocation of expenses toward programs, which underscores its commitment to supporting its mission.
The organization boasts a fully independent board, with 10 out of 10 board members being independent, and a well-structured board size of five independent members. This enhances its credibility and governance practices. Furthermore, there are no recorded material diversions of assets, and the organization maintains a robust conflict of interest policy and documented board meeting minutes, which are critical for transparency and accountability.
While the ratings indicate a strong performance in financial management and governance, further insights on program outcomes or community impact could provide a more comprehensive picture of the charity's effectiveness in fulfilling its mission. Overall, the Books-A-Million Inc Associate Assistance Fund demonstrates responsible stewardship of resources, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Books-A-Million Inc Associate Assistance Fund legitimate?
Books-A-Million Inc Associate Assistance Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Books-A-Million Inc Associate Assistance Fund 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
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What is the mission statement of Books-A-Million Inc Associate Assistance Fund?
The Books-A-Million Inc Associate Assistance Fund is established with the mission to offer financial aid to employees who have experienced a financial hardship. The corporation's purpose is to provide financial assistance to current, part-time, or retired employees of Books-A-Million and its subsidiaries, who are unable to receive financial support through other means during severe hardships. This aid is primarily directed towards employees who have faced financial challenges due to disasters or personal crises. The fund serves as a safety net, offering a crucial source of support for those in need.
Who is the CEO of Books-A-Million Inc Associate Assistance Fund?
Vida Boyd is the President of Books-A-Million Inc Associate Assistance Fund.
What is the revenue of Books-A-Million Inc Associate Assistance Fund?
Books-A-Million Inc Associate Assistance Fund's revenue in 2023 was $46,847.
Who are the executives of Books-A-Million Inc Associate Assistance Fund and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Books-A-Million Inc Associate Assistance Fund?
Books-A-Million Inc Associate Assistance Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Books-A-Million Inc Associate Assistance Fund
The Books-A-Million Inc Associate Assistance Fund is a charitable organization dedicated to providing financial aid to employees who have experienced a significant financial hardship. Its mission is to support current, part-time, or retired employees of Books-A-Million and its subsidiaries who find themselves unable to secure financial assistance through other means during challenging times. The fund aims to alleviate the financial burden caused by disasters or personal crises, offering a safety net to those in need. The purpose of the corporation is to extend a helping hand to employees who are going through severe financial hardships, ensuring that they can maintain their well-being during challenging times.
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Impact
August, 2024
The Books-A-Million Inc Associate Assistance Fund provides crucial financial aid to Books-A-Million employees who have experienced financial hardship. This assistance is particularly valuable for employees facing challenges due to disasters or personal crises. By offering support to current, part-time, or retired employees who may not have access to other forms of financial assistance during times of severe hardship, this fund plays a vital role in helping individuals navigate difficult situations and regain stability.
This information is meant to be a general summary of Books-A-Million Inc Associate Assistance Fund. 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: $5,098
- Gross Receipts: $46,847
Assets and Liabilities:
- Total Assets: $681,098
- Total Liabilities: $0
- Net Assets: $681,098
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Organization Details
Founding Year
2005
Phone
(205) 942-3737Principal Officer
Vida Boyd
Main Address
402 INDUSTRIAL LANE, BIRMINGHAM, AL, 35211
NTEE Category
Code: T30 - Philanthropy
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