Overview
What is San Angelo Area Foundation?
The San Angelo Area Foundation is a nonprofit organization headquartered at 221 S Irving St, San Angelo, TX, 76903. They manage endowed gifts to align donor interests with the community's needs in the area. Their primary role is grant-making, distributing funds to various eligible 501(c)(3) organizations, governmental entities, colleges, universities, and religious institutions. These grants derive from designated purpose funds, donor-advised funds, field of interest funds, and unresticted funds, all subject to the board of directors' approval. The San Angelo Area Foundation's mission is to establish a legacy of philanthropy by effectively managing endowed gifts to address the region's needs. Their team consists of nine dedicated individuals.
Official website here: www.saafound.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
The San Angelo Area Foundation has achieved an impressive Four-Star rating on Charity Navigator, indicating exceptional performance in accountability and financial health. With a perfect score of 100 in Accountability & Finance, the organization shows robust financial practices and transparency, including independent board governance and strong audit oversight. Their program expense ratio is notably high at 90.89%, demonstrating a commitment to utilizing funds effectively for their mission.
The foundation also excels in leadership and community engagement, with full scores in these areas, reflecting a strong organizational culture and proactive feedback mechanisms. The board is entirely independent with 15 members, ensuring unbiased oversight. Their strategic goals and mission are well-articulated, showcasing a clear vision for future growth and responsiveness to community needs, particularly during emergencies.
Despite its strengths, the ratings indicate lower scores specifically in leadership and adaptability, which may suggest areas for improvement or less emphasis compared to other metrics. Nonetheless, the foundation's dedication to community service and ethical governance positions it as a reliable and impactful nonprofit in the San Angelo area.
This AI summary has been generated from information found on Charity Navigator.
Is San Angelo Area Foundation legitimate?
San Angelo Area Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. San Angelo Area 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: $218,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $480,326
For more financial information, click here
Official website here: www.saafound.org
What is the mission statement of San Angelo Area Foundation?
The San Angelo Area Foundation is dedicated to creating a legacy of philanthropy by managing endowed gifts. This organization carefully manages donor contributions to align donor interests with the charitable needs of the community. Grants are distributed to qualified organizations and entities, including 501(c)(3) groups, governmental organizations, colleges, universities, and religious entities, for charitable purposes. Grants originate from designated funds, donor-advised funds, field of interest funds, and unrestricted funds, all based on an underlying gift agreement that necessitates approval from the foundation's board of directors.
Official website here: www.saafound.org
Who is the CEO of San Angelo Area Foundation?
Matt Lewis is the Chairman of San Angelo Area Foundation. The CEO's salary of San Angelo Area Foundation is $218,000 and their total compensation is $255,880.
Official website here: www.saafound.org
What is the revenue of San Angelo Area Foundation?
San Angelo Area Foundation's revenue in 2022 was $36,626,933.
Official website here: www.saafound.org
Who are the executives of San Angelo Area Foundation and what are their salaries?
The average compensation at San Angelo Area Foundation during 2022 was $77,592. There are 9 employees and 50 volunteers at San Angelo Area Foundation.
Here are 18 key members and their salaries (San Angelo Area Foundation's CEO's salary is $218,000 and their total compensation is $255,880):
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- Compensation: $218,000
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Official website here: www.saafound.org
Where can I find the form 990 for San Angelo Area Foundation?
San Angelo Area Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.saafound.org
Learn more at the official website: www.saafound.org
Mission Statement of San Angelo Area Foundation
The San Angelo Area Foundation is a philanthropic organization dedicated to building a legacy of giving by managing endowed gifts and aligning donor interests with the community's needs. In simple terms, the foundation serves as a bridge between generous donors and the organizations and initiatives that make a difference in the community.
The mission of the San Angelo Area Foundation is multifaceted. It involves attracting and prudently managing endowed gifts, ensuring the sustainability of charitable funds, and matching these resources with the specific needs of the area. By doing so, the foundation strives to create lasting impact in various sectors, enhancing the overall well-being of the community.
Grants are awarded to a diverse range of qualified organizations, including 501(c)(3) entities, governmental organizations, colleges, universities, and religious institutions. These grants originate from various funds, such as designated purpose funds, donor-advised funds, field of interest funds, and unresticted funds. The grant-making process requires the approval of the foundation's board of directors, ensuring that each grant aligns with the underlying gift agreement and supports a worthy charitable purpose.
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Impact
October, 2024
The San Angelo Area Foundation profoundly impacts the community by effectively managing endowed gifts to align donor interests with local needs. Through its grant-making initiatives, it supports a diverse range of qualified organizations, including 501(c)(3) nonprofits, governmental entities, colleges, universities, and religious organizations. The foundation operates various fund types, such as designated purpose funds, donor-advised funds, field of interest funds, and unrestricted funds, ensuring that contributions are utilized in ways that reflect the wishes of the donors while addressing crucial community challenges.
By facilitating these grants, the foundation plays a pivotal role in enhancing the capacity of local organizations to deliver essential services and programs. This approach not only fosters community growth and development but also cultivates a culture of philanthropy within the San Angelo area. Ultimately, the San Angelo Area Foundation builds a lasting legacy that bridges the gap between generous contributions and the pressing needs of the community it serves.
This information is meant to be a general summary of San Angelo Area 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: $1,603,056
- Gross Receipts: $71,041,502
Assets and Liabilities:
- Total Assets: $205,097,187
- Total Liabilities: $62,526,565
- Net Assets: $142,570,622
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Organization Details
Founding Year
2001
Phone
(325) 947-7071Principal Officer
Matt Lewis
Main Address
221 S IRVING ST, SAN ANGELO, TX, 76903
Website
www.saafound.orgNTEE Category
Code: T99 - Philanthropy
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