Overview
What is O'Connor Family Foundation?
The O'Connor Family Foundation, headquartered in Oklahoma City, OK, is a charitable organization dedicated to serving noble causes. Established with a mission to promote charitable, educational, and scientific pursuits, the foundation maintains a fund solely for these purposes. The foundation's operations are structured in a manner that does not provide any personal financial gain to its members. William Joseph O'Connor presides over the organization, which seeks to provide financial support and resources to organizations operating under Section 501(C)(3) of the Internal Revenue Code, exempt from taxation, and qualifying as a supporting organization under Section 509(A)(3) of the Code. The foundation's primary goal is to contribute to and support religious, charitable, scientific, literary, or educational undertakings.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
The O'Connor Family Foundation has received a moderate rating, indicating that while it demonstrates some strengths in financial accountability, there are significant areas needing improvement. The foundation boasts a strong program expense ratio of 89.11%, suggesting that a high percentage of funds are directed towards its charitable activities. Additionally, the foundation's board is fully independent, with a well-composed board size, which generally aligns with good governance practices.
However, the foundation faces considerable criticism due to several missing governance policies, including conflict of interest, whistleblower, and document retention policies. The absence of these policies may raise concerns regarding transparency and accountability. Furthermore, the foundation’s website is not listed on its tax forms, and important documents like tax forms are not available on its website, which detracts from its overall credibility. Overall, while the foundation shows strong commitment to its programs, the lack of essential governance measures could hinder its reputation and trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is O'Connor Family Foundation legitimate?
O'Connor Family Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. O'Connor Family 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 O'Connor Family Foundation?
The O'Connor Family Foundation is established for charitable, educational, and scientific purposes. Its primary objective is to maintain a fund solely for these purposes, avoiding any financial gain for its members. The foundation is designed to receive and manage funds, and subsequently, distribute their income and principal exclusively for religious, charitable, scientific, literary, or educational purposes. This includes providing support to organizations that fall under Section 501(c)(3) of the Internal Revenue Code and are exempt from taxation, qualifying as a supporting organization under Section 509(a)(3) of the Code due to being operated, supervised, or controlled by its publicly supported organization members.
Who is the CEO of O'Connor Family Foundation?
William Joseph O'Connor is the Director of O'Connor Family Foundation.
What is the revenue of O'Connor Family Foundation?
O'Connor Family Foundation's revenue in 2022 was $50,129.
Who are the executives of O'Connor Family 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 O'Connor Family Foundation?
O'Connor Family Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of O'Connor Family Foundation
The O'Connor Family Foundation is a corporation established for charitable, educational, and scientific purposes. Its primary objective is to manage a fund exclusively for these purposes, ensuring no financial gain for its members. The foundation is organized to receive and maintain funds, and subsequently, utilize the income and principal solely for religious, charitable, scientific, literary, or educational purposes. It achieves this by distributing funds to organizations that fall under Section 501(C)(3) of the Internal Revenue Code, which exempts them from taxation. Moreover, the O'Connor Family Foundation aims to maintain its status as a supporting organization under Section 509(A)(3) of the Code, by being operated, supervised, or controlled by its publicly supported organization members.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The O'Connor Family Foundation significantly impacts its communities through its dedicated focus on charitable, educational, and scientific purposes. By maintaining a fund specifically for these aims, the foundation supports a wide range of initiatives, ensuring that its activities address pressing societal needs.
Under the leadership of William Joseph O'Connor, the foundation operates out of Oklahoma City, Oklahoma, where it strategically allocates resources to various organizations recognized under Section 501(c)(3) of the Internal Revenue Code. This not only fosters the growth of worthy causes but also ensures that funds are channeled effectively and with the intent to uplift the community.
The foundation’s mission emphasizes a commitment to aiding religious, charitable, scientific, literary, and educational endeavors. By adhering to its core principles of philanthropy without pecuniary gain for its members, the O'Connor Family Foundation exemplifies how structured support can lead to meaningful contributions in various fields, ultimately enhancing the quality of life for many. Its approach demonstrates the transformative power of focused giving, providing opportunities for growth and development within society.
This information is meant to be a general summary of O'Connor Family 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: $50,129
- Gross Receipts: $809,262
Assets and Liabilities:
- Total Assets: $1,836,747
- Total Liabilities: $0
- Net Assets: $1,836,747
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1996
Phone
(405) 842-4644Principal Officer
William Joseph O'Connor
Main Address
824 NW 72ND STREET, OKLAHOMA CITY, OK, 73116
NTEE Category
Code: T20Z - Philanthropy
If you are a representative of O'Connor Family Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.