Overview
What is Tom Yarbro Foundation?
The Tom Yarbro Foundation is a nonprofit organization, as stated in the provided information. Its primary mission is to distribute funds to numerous charitable organizations. This philanthropic endeavor aims to contribute positively to various social causes and communities in need. The foundation's activities are centered around financing these worthy organizations, thereby amplifying their impact and furthering their goals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating. The Tom Yarbro Foundation has achieved a 73% score, which indicates a moderate level of performance in accountability and finance. This rating reflects the organization's commitment to maintaining a fully independent board, with all members being independent, which is a positive aspect of its governance structure.
Strengths of the foundation include a perfect score in areas such as the material diversion of assets, indicating that there are no significant issues with asset misallocation. The organization also documents its board meeting minutes, which contributes to transparency. Additionally, the foundation boasts a 100% program expense ratio, demonstrating that all its resources are dedicated to its mission-driven programs, without any funds being diverted towards administrative expenses.
However, the overall rating of Two Stars suggests that there may be areas for improvement in the foundation's performance. While it has successfully met certain financial metrics, the overall score indicates that there may be concerns or limitations in other areas that the organization has yet to address to enhance its rating further.
This AI summary has been generated from information found on Charity Navigator.
Is Tom Yarbro Foundation legitimate?
Tom Yarbro Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tom Yarbro 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
For more financial information, click here
What is the mission statement of Tom Yarbro Foundation?
The Tom Yarbro Foundation's mission is centered around providing financial support to numerous charitable organizations. By providing funding, this organization aims to contribute to various philanthropic causes and initiatives. This foundation serves as a vital source of financial assistance for these charitable organizations, enabling them to carry out their respective missions and make a positive impact in their respective fields. The Tom Yarbro Foundation's activities primarily revolve around distributing funds to these organizations, thereby playing a significant role in supporting their initiatives and the communities they serve.
Who is the CEO of Tom Yarbro Foundation?
Unavailable The CEO's salary of Tom Yarbro Foundation is $0 and their total compensation is $0.
What is the revenue of Tom Yarbro Foundation?
Tom Yarbro Foundation's revenue in 2023 was -$6,989.
Who are the executives of Tom Yarbro Foundation and what are their salaries?
Here are 4 key members and their salaries (Tom Yarbro Foundation's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- 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 Tom Yarbro Foundation?
Tom Yarbro Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Tom Yarbro Foundation
The Tom Yarbro Foundation is committed to providing financial support to a variety of charitable organizations. Its mission, in its own words, is to provide funding for these organizations, contributing to their causes and initiatives. The foundation serves as a philanthropic partner, offering financial assistance to a diverse range of charitable entities, aiming to make a positive impact in various communities and sectors.
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Impact
October, 2024
The Tom Yarbro Foundation has made a significant impact by providing essential funding to various charitable organizations, helping to support a wide range of community needs and initiatives. Based in Edmond, OK, the Foundation focuses on enhancing the quality of life for individuals and families by enabling these organizations to carry out their missions effectively. Through its financial contributions, the Foundation plays a critical role in fostering social welfare, promoting education, and addressing urgent community challenges, thereby contributing to the overall betterment of society.
This information is meant to be a general summary of Tom Yarbro 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 2023.
- Investment Income: -$7,040
- Gross Receipts: $124,354
Assets and Liabilities:
- Total Assets: $956,634
- Total Liabilities: $0
- Net Assets: $956,634
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Organization Details
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