Overview
What is Rex Foundation?
The Rex Foundation is a nonprofit organization situated in San Anselmo, California. It is renowned for hosting fundraising events and providing grants to charities that align with its mission statement. This mission encompasses various aspects, such as advocating for a healthier environment, promoting artistic individuality, offering support for critical social services, aiding those less fortunate, safeguarding indigenous people's rights, preserving their cultural heritage, fostering a stronger community, and educational initiatives for children and adults worldwide. The foundation's modest workforce of two dedicated individuals contributes to its noble objectives.
Official website here: www.rexfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars
The Rex Foundation has received a rating of 43%, which corresponds to a Zero-Star out of Four Stars designation. This score is derived solely from a single beacon focusing on Accountability & Finance, indicating significant areas of concern regarding the organization's financial management and transparency. While the foundation does excel in areas such as having a fully independent board and maintaining proper governance procedures, the issues highlighted in their financial metrics negatively impact their overall rating.
Notably, the organization scored poorly on key financial ratios, including a low program expense ratio of 45.85%, which suggests that a lesser portion of their funds is allocated directly to their programs. Moreover, the liabilities to assets ratio of 3.15% raises questions about their financial risk management. Although the foundation has demonstrated strong governance practices by having conflict of interest policies and independent board members, the absence of a whistleblower policy and document retention guidelines indicates gaps in their operational protocols.
In conclusion, while Rex Foundation shows strengths in governance and accountability, significant weaknesses in financial management overshadow these positive aspects. This rating serves as a caution for potential donors and stakeholders who may wish to understand the financial health and operational integrity of the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Rex Foundation legitimate?
Rex Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rex 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: $84,999
Professional Fundraising Fees: $0
Other Salaries and Wages: $40,200
For more financial information, click here
Official website here: www.rexfoundation.org
What is the mission statement of Rex Foundation?
The Rex Foundation's mission is centered around securing a healthy environment, promoting individuality in the arts, and providing support to critical and necessary social services. It also extends its aid to those less fortunate than itself and advocates for the rights of indigenous people, ensuring their cultural survival. The foundation aims to build a stronger community and educates both children and adults globally. It accomplishes these goals through organizing fundraising events and granting funds to charities aligned with its mission statement.
Official website here: www.rexfoundation.org
Who is the CEO of Rex Foundation?
Cameron Sears is the President of Rex Foundation.
Official website here: www.rexfoundation.org
What is the revenue of Rex Foundation?
Rex Foundation's revenue in 2022 was $459,382.
Official website here: www.rexfoundation.org
Who are the executives of Rex Foundation and what are their salaries?
The average compensation at Rex Foundation during 2022 was $62,600. There are 2 employees at Rex Foundation.
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Official website here: www.rexfoundation.org
Where can I find the form 990 for Rex Foundation?
Rex Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rexfoundation.org
Learn more at the official website: www.rexfoundation.org
Mission Statement of Rex Foundation
The Rex Foundation, a charitable organization, is dedicated to several key objectives. Its primary mission is to contribute to the preservation of a healthy environment and foster individuality in the arts. Additionally, the foundation aims to provide support to essential social services and assist individuals who are less fortunate than others. Furthermore, Rex Foundation is committed to protecting the rights of indigenous people and ensuring their cultural heritage survives. By executing fundraising events and grant distributions, this organization works towards building a stronger community and educating children and adults globally.
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Impact
July, 2024
Rex Foundation's impact can be seen in its efforts to secure a healthy environment, promote individuality in the arts, provide support to critical social services, assist the less fortunate, protect the rights of indigenous people, and ensure their cultural heritage. Through fundraising events and grants, the organization supports charities that align with its mission statement, contributing to building a stronger community and educating individuals of all ages.
This information is meant to be a general summary of Rex 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 2022.
- Investment Income: $6,568
- Gross Receipts: $522,601
Assets and Liabilities:
- Total Assets: $530,821
- Total Liabilities: $16,741
- Net Assets: $514,080
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Organization Details
Founding Year
1984
Phone
(415) 561-3134Principal Officer
Cameron Sears
Main Address
PO BOX 219, SAN ANSELMO, CA, 94979
Website
www.rexfoundation.orgNTEE Category
Code: Z99 - Unknown
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