Overview
What is Riggs Employee's Fund?
The Riggs Employee's Fund is a charitable organization located in Little Rock, Arkansas. Its primary mission is to contribute to various charitable causes and organizations, extend support through scholarships, and offer assistance during employee hardships. The fund's activities encompass making charitable donations and providing financial aid when employees encounter challenging circumstances.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60% (Two-Star out of Four Stars)
Riggs Employee's Fund has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its accountability and finance practices. The overall score reflects a significant reliance on a single beacon score, with the Accountability & Finance score sitting at 60%. This suggests that while the organization is managing its resources, there are critical areas where transparency and governance could be enhanced.
One notable strength of Riggs Employee's Fund is its impressive program expense ratio of 99.39%, indicating that almost all funds are directed towards its programs. Additionally, the organization maintains a good liabilities to assets ratio of 0%. However, the lack of independent board members and missing policies regarding whistleblower protection and document retention raise concerns about governance practices and overall transparency.
Further limitations are evident with the absence of a website listed on the tax form and the failure to post tax documents on its website, which could hinder public trust and accessibility. While the organization has a conflict of interest policy in place, the need for independent oversight and clearer communication of its financial practices remains a key area for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Riggs Employee's Fund legitimate?
Riggs Employee's Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Riggs Employee's 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
For more financial information, click here
What is the mission statement of Riggs Employee's Fund?
The Riggs Employee's Fund is dedicated to making charitable donations and providing scholarships. Additionally, it offers assistance during times of hardship for its employees. Beyond this, the fund extends its charitable contributions to various organizations and causes. In essence, the Riggs Employee's Fund aims to support its employees and contribute to the betterment of various communities and causes.
What is the revenue of Riggs Employee's Fund?
Riggs Employee's Fund's revenue in 2024 was $343,172.
Who are the executives of Riggs Employee's Fund and what are their salaries?
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 Riggs Employee's Fund?
Riggs Employee's Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Riggs Employee's Fund
The Riggs Employee's Fund is an organization dedicated to making charitable donations, providing scholarships, and offering assistance during times of hardship for its employees. This nonprofit entity is committed to contributing to various charitable organizations and causes beyond its own scope. By making charitable contributions, the Riggs Employee's Fund aims to support a wide range of social and community initiatives, demonstrating its commitment to giving back and uplifting others. Furthermore, the fund provides scholarships to aid individuals in their educational pursuits, showing its dedication to fostering personal growth and development. Additionally, the Riggs Employee's Fund offers hardship assistance to its employees during challenging times, demonstrating its compassionate and supportive nature.
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Impact
October, 2024
Riggs Employee's Fund significantly impacts the community by making charitable donations, providing scholarships, and offering hardship assistance to employees in need. Through its contributions, it supports various charitable organizations and causes, fostering a culture of giving and support within the community. Scholarships help individuals pursue educational opportunities, empowering them to achieve their goals and improve their prospects for the future. Additionally, the Fund provides critical assistance to employees facing challenging circumstances, ensuring they receive the help necessary to overcome hardships. This commitment to charitable giving and community support strengthens the social fabric in Little Rock, Arkansas, and highlights the importance of compassion and solidarity in the workplace.
This information is meant to be a general summary of Riggs Employee's 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 2024.
- Investment Income: $2,078
- Gross Receipts: $343,172
Assets and Liabilities:
- Total Assets: $219,815
- Total Liabilities: $0
- Net Assets: $219,815
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Organization Details
Founding Year
1986
Principal Officer
Jason Mcdonald
NTEE Category
Code: B82 - Education
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