Overview
What is Webco Foundation?
The Webco Foundation is a generous nonprofit organization that offers financial aid to various beneficiaries. Their main goal is to support organizations and institutions working in sectors such as human services for the underprivileged, child and youth development, arts, environment, elderly care, veteran assistance, domestic violence prevention, culture, humanities, health, and science. They achieve this by providing grants to qualified 501(c)(3) organizations, thereby contributing to numerous noteworthy initiatives in these fields.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
The Webco Foundation has earned a high score of 94% from Charity Navigator, reflecting its strong performance in accountability and finance. This rating is based entirely on a single beacon score, emphasizing the organization’s commitment to maintaining transparency and responsible financial management. The foundation's fiscal year data from 2022 supports its sound financial practices and strong operational integrity.
One of the most notable strengths of the Webco Foundation is its governance structure, which features a board that is entirely independent. This ensures that decision-making processes are free from conflicts of interest, contributing to the organization's overall credibility. In addition, the foundation has established comprehensive policies related to whistleblowing, document retention, and conflict of interest, showcasing its commitment to ethical practices.
Despite the strong rating and positive feedback regarding financial health and governance, there are no specific details available about the foundation's programmatic impact or outreach efforts. Nonetheless, its high program expense ratio of 88.66% signals a focus on delivering services effectively. Overall, the Webco Foundation demonstrates a solid framework for accountability that potential donors can appreciate.
This AI summary has been generated from information found on Charity Navigator.
Is Webco Foundation legitimate?
Webco Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Webco 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Webco Foundation?
The Webco Foundation is committed to providing financial aid to organizations and institutions that contribute to various sectors. These sectors include, but are not limited to, human services for the less fortunate, child and youth development, the arts, environmental conservation, support for the elderly, veterans' welfare, domestic violence prevention, cultural preservation, humanities, health, scientific research, literacy, and related fields. The foundation achieves this by offering grants to qualified 501(c)(3) organizations, thereby contributing to the betterment of these sectors.
Who is the CEO of Webco Foundation?
Patrick Sato-Gomes is the President of Webco Foundation.
What is the revenue of Webco Foundation?
Webco Foundation's revenue in 2022 was $147,939.
Who are the executives of Webco Foundation 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 Webco Foundation?
Webco Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Webco Foundation
The Webco Foundation, a philanthropic organization, is committed to providing financial aid to various institutions and organizations. Its mission lies in supporting initiatives that benefit a wide range of sectors, including but not limited to, human services for the disadvantaged, child and youth development, the arts, the environment, the elderly, veterans, domestic violence, culture, humanities, health, sciences, literacy, and other related fields. By offering grants to 501(c)(3) organizations, the Webco Foundation plays a significant role in contributing to the betterment of these sectors and the communities they serve.
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Impact
October, 2024
Webco Foundation plays a significant role in enhancing community welfare by providing vital financial support to a broad range of organizations and initiatives. Its impact spans multiple sectors, including human services for the underprivileged, child and youth development, and the arts. By funding projects that focus on environmental preservation, support for the elderly, veterans' assistance, domestic violence prevention, cultural enrichment, and health initiatives, the foundation addresses pressing societal issues and contributes to a more equitable society.
Through its grant-making programs, Webco Foundation empowers various 501(c)(3) organizations, helping them to implement effective solutions and services in their communities. This targeted financial support enables these groups to expand their reach and improve the quality of life for those they serve, ultimately fostering a healthier, more inclusive environment for all. The foundation's commitment to philanthropy underscores its role as a catalyst for positive change in Honolulu and beyond.
This information is meant to be a general summary of Webco 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: $3,224
- Gross Receipts: $353,809
Assets and Liabilities:
- Total Assets: $950,301
- Total Liabilities: $0
- Net Assets: $950,301
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Organization Details
Founding Year
2003
Phone
(808) 222-3554Principal Officer
Patrick Sato-Gomes
Main Address
2840 MOKUMUA STREET, HONOLULU, HI, 96819
NTEE Category
Code: T30 - Philanthropy
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