Overview
What is Alexander Memorial Fund?
The Alexander Memorial Fund is a compassionate nonprofit organization situated in Tulsa, Oklahoma, with a focus on supporting individuals and their families grappling with alcoholism and drug addictions. The primary mission of the fund is to involve families in the treatment and recovery process of their loved ones through various programs and educational initiatives. The fund specifically backs the Family Program at 12&12, an organization dedicated to serving primarily indigent people with alcohol and drug problems in the Tulsa metropolitan area. With a modest workforce of one dedicated individual, the Alexander Memorial Fund plays a vital role in fostering healing and understanding within families impacted by substance abuse issues.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 74%, Two-Star out of Four Star Rating
The Alexander Memorial Fund has received a score of 74%, resulting in a Two-Star rating primarily due to its low performance in governance and accountability. The evaluation highlights a concern with the board's independence, as there are no independent members among the ten board members, impacting the organization's oversight capabilities. Despite these governance issues, the charity demonstrates strong financial health, with a solid ratio of program expenses at 76.63%, indicating effective allocation of resources towards its mission.
The organization has policies in place for conflict of interest, whistleblower protection, and document retention, all of which scored well. Additionally, it has not experienced any material diversion of assets, which is a positive sign for financial integrity. However, the absence of both a website listed on the tax form and tax documents on its website raises transparency concerns.
Overall, while the Alexander Memorial Fund has established a good financial standing and operational policies, its governance structure needs improvement to enhance accountability and foster trust among stakeholders. The lack of independent board members and transparency in certain areas are significant limitations that the organization may need to address moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is Alexander Memorial Fund legitimate?
Alexander Memorial Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alexander Memorial 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: $120,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Alexander Memorial Fund?
The Alexander Memorial Fund primarily supports individuals and their families impacted by alcoholism and drug addictions, with a focus on the family program at 12&12. The fund serves as the sole supporter of this program, which primarily caters to indigent individuals struggling with alcohol and drug issues in the Tulsa metropolitan area. The family program's main objective is to involve the family in the patient's treatment and recovery process through educational programs and initiatives.
What is the revenue of Alexander Memorial Fund?
Alexander Memorial Fund's revenue in 2022 was -$229,728.
Who are the executives of Alexander Memorial Fund and what are their salaries?
The average compensation at Alexander Memorial Fund during 2022 was $120,000. There is 1 employee at Alexander Memorial Fund.
Here are 3 key members and their salaries:
- Compensation: $100,000
- Related: $0
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
- Compensation: $10,000
- Related: $0
- Other: $0
Where can I find the form 990 for Alexander Memorial Fund?
Alexander Memorial Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alexander Memorial Fund
The Alexander Memorial Fund is dedicated to supporting individuals and their families who are impacted by alcoholism and other drug addictions. Specifically, it provides unwavering support to the Family Program at 12&12. The mission of this fund is to serve as the sole supporter of 12&12's initiatives, an organization that primarily aids indigent people struggling with alcohol and drug problems in the Tulsa metropolitan area.
The Family Program at 12&12 is the primary focus of the Alexander Memorial Fund. This program's main purpose is to integrate families into the treatment and recovery process of their loved ones who are patients. They accomplish this by offering programs and educational resources that empower families to play an active role in their family members' healing journeys. By involving families in the treatment process, the Alexander Memorial Fund aims to foster stronger, healthier relationships and ultimately contribute to the overall well-being of those affected by addiction.
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Impact
October, 2024
The Alexander Memorial Fund significantly impacts individuals and families affected by alcoholism and drug addiction by exclusively supporting the Family Program at 12 & 12 in Tulsa, Oklahoma. This program is designed to actively involve families in the treatment and recovery processes, offering education and resources that empower them to support their loved ones on the path to healing. By focusing on the family's role, the Fund enhances the overall treatment experience, fostering a supportive environment that is critical for long-term recovery. This initiative primarily serves indigent individuals in the Tulsa metropolitan area, addressing a critical need within the community for comprehensive support systems that extend beyond the individual struggling with addiction. Through its unwavering commitment, the Alexander Memorial Fund plays a vital role in promoting recovery and stability for families impacted by these challenges.
This information is meant to be a general summary of Alexander Memorial 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 2022.
- Investment Income: $34,051
- Gross Receipts: $1,405,670
Assets and Liabilities:
- Total Assets: $7,092,258
- Total Liabilities: $2,046,939
- Net Assets: $5,045,319
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Organization Details
Founding Year
1955
Principal Officer
Frederic N Schneider Iii
NTEE Category
Code: T900 - Philanthropy
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