Overview
What is Wal-Mart Associates In Critical Need Fund?
The Wal-Mart Associates In Critical Need Fund is a nonprofit organization in Bentonville, Arkansas, dedicated to providing financial aid to eligible Wal-Mart associates during times of extreme financial hardship. The fund, with a mission to offer financial assistance, supports associates facing unexpected and uncontrollable situations. By providing monetary support, the organization aims to help associates stabilize their financial situation and cope with unforeseen challenges.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Wal-Mart Associates In Critical Need Fund has earned an 80% rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization receives commendations for its majority independent board composition and effective management of assets and liabilities. However, its fundraising efficiency ratio suggests some areas for improvement, particularly in maximizing the funds raised for direct assistance.
User feedback paints a mixed picture of the fund's effectiveness. Many users express frustration with the application process, reporting that their applications were denied despite providing necessary documentation. Specific grievances include a lack of clear communication and perceived unfairness in the criteria used for assistance, leading to feelings of disappointment and resentment among applicants who felt they were genuinely in need.
Conversely, there are positive accounts from individuals who successfully received assistance, appreciating the support they received during critical times. However, the stark contrast between the experiences of those who found help and those who did not indicates that while the fund has the potential to assist, systemic issues in application processing and support could hinder its mission to provide timely relief to associates in need.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Wal-Mart Associates In Critical Need Fund legitimate?
Wal-Mart Associates In Critical Need Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wal-Mart Associates In Critical Need 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: $48,581
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Wal-Mart Associates In Critical Need Fund?
The Wal-Mart Associates In Critical Need Fund is dedicated to extending a helping hand to eligible associates who encounter significant financial hardships. The primary mission of this fund is to offer financial assistance during times of extreme economic distress, when the cause of the hardship is beyond an associate's control. By providing monetary support, the fund aims to alleviate some of the financial burdens experienced by these associates, enabling them to focus on resolving the underlying issues and getting back on their feet. The fund's commitment to assisting qualified associates during their most challenging moments underscores its role as a vital resource within the Wal-Mart community.
What is the revenue of Wal-Mart Associates In Critical Need Fund?
Wal-Mart Associates In Critical Need Fund's revenue in 2024 was $14,888,653.
Who are the executives of Wal-Mart Associates In Critical Need Fund and what are their salaries?
Here are 24 key members and their salaries:
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Where can I find the form 990 for Wal-Mart Associates In Critical Need Fund?
Wal-Mart Associates In Critical Need Fund's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Wal-Mart Associates In Critical Need Fund
The Wal-Mart Associates In Critical Need Fund is a charitable initiative dedicated to helping Wal-Mart associates in their time of extreme financial need. When unforeseen circumstances arise, this fund offers a safety net, providing essential financial assistance to qualifying associates.
In essence, the mission of the Wal-Mart Associates In Critical Need Fund is to offer monetary support to Wal-Mart employees who encounter unexpected hardships that challenge their financial stability. These situations typically fall outside their control, leaving them in a state of economic distress.
When an associate encounters such hardships, the Fund steps in to provide the necessary financial aid. By doing so, it not only alleviates their immediate financial burdens but also offers them peace of mind during a challenging period. The Wal-Mart Associates In Critical Need Fund's humanitarian efforts play a significant role in maintaining the well-being and stability of its workforce, ultimately contributing to the overall success of the organization.
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Impact
October, 2024
The Wal-Mart Associates In Critical Need Fund significantly alleviates financial hardship for Wal-Mart associates facing extreme economic challenges due to unforeseen circumstances. By offering monetary support, the fund provides essential resources to help qualified associates navigate crises such as medical emergencies, natural disasters, or other unexpected financial burdens. This assistance not only helps individuals regain stability but also fosters a sense of community and support among Wal-Mart employees, reinforcing the company's commitment to the well-being of its workforce. Ultimately, the fund's impact reaches beyond individual relief, contributing to a more secure and resilient workforce.
This information is meant to be a general summary of Wal-Mart Associates In Critical Need 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: $3,609,192
- Gross Receipts: $14,888,653
Assets and Liabilities:
- Total Assets: $81,191,549
- Total Liabilities: $1,175,113
- Net Assets: $80,016,436
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Organization Details
Founding Year
2001
Principal Officer
Julie Gehrki
NTEE Category
Code: Y43 - Mutual benefit
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