Overview
What is Carl Mccain Memorial Foundation?
The Carl Mccain Memorial Foundation, based in Houston, Texas, is a nonprofit organization that offers temporary financial aid to individuals and families who have been impacted by a catastrophic illness or the passing of a family member within the energy sector. Facing significant financial burdens during these challenging times, they provide monetary assistance to help alleviate the associated costs. The foundation's mission is to support those who have dedicated their careers to the energy industry and are now struggling due to medical hardships.
Official website here: www.carlmccain.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 69%)
The Carl McCain Memorial Foundation has received a Two-Star rating from Charity Navigator, reflecting a "Needs Improvement" status with an overall score of 69%. The foundation demonstrates strong governance features, notably with 100% independent board members and a high program expense ratio of 89.13%, indicating that a significant portion of its funds is directed towards its programs.
However, the organization exhibits several weaknesses that hinder its overall rating. Notably, it lacks critical policies such as a conflict of interest policy, a whistleblower policy, and a document retention policy, which are essential for transparency and accountability. Additionally, the absence of financial statements and the failure to post the tax form on its website further detract from its accountability metrics.
While the foundation has strengths in independent governance and program expenditure, addressing its policy gaps and improving financial transparency would enhance its credibility and effectiveness in serving its mission. These improvements could potentially lead to a better rating in future assessments.
This AI summary has been generated from information found on Charity Navigator.
Is Carl Mccain Memorial Foundation legitimate?
Carl Mccain Memorial Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carl Mccain Memorial 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.
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For more financial information, click here
Official website here: www.carlmccain.org/
What is the mission statement of Carl Mccain Memorial Foundation?
The Carl Mccain Memorial Foundation's mission is centered around providing financial aid to families who have worked in the energy sector and are currently struggling financially due to medically-related challenges. The foundation offers financial grants to individuals and families in need, alleviating the burden caused by catastrophic illnesses or deaths within their families. The organization's mission is to extend a helping hand to these families, ensuring they can focus on their health and wellbeing rather than being overwhelmed by financial constraints. The Carl Mccain Memorial Foundation operates temporary financial aid programs that aim to provide relief to numerous individuals during their time of need.
Official website here: www.carlmccain.org/
Who is the CEO of Carl Mccain Memorial Foundation?
Scott Bormaster is the Chairman of Carl Mccain Memorial Foundation.
Official website here: www.carlmccain.org/
What is the revenue of Carl Mccain Memorial Foundation?
Carl Mccain Memorial Foundation's revenue in 2022 was $501,394.
Official website here: www.carlmccain.org/
Who are the executives of Carl Mccain Memorial Foundation and what are their salaries?
There 40 volunteers at Carl Mccain Memorial Foundation.
Here are 25 key members and their salaries:
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Official website here: www.carlmccain.org/
Where can I find the form 990 for Carl Mccain Memorial Foundation?
Carl Mccain Memorial Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.carlmccain.org/
Learn more at the official website: www.carlmccain.org/
Mission Statement of Carl Mccain Memorial Foundation
The Carl Mccain Memorial Foundation is a non-profit organization dedicated to providing assistance to families who have been financially burdened due to medical-related issues, particularly those with a background in the energy industry. Its mission is to offer financial aid, either directly or on behalf of individuals and families who have worked or are currently working in this sector. The foundation recognizes the hardships that these families may face during challenging medical situations and seeks to alleviate some of the financial stress they endure. The Carl Mccain Memorial Foundation's temporary financial aid programs aim to support numerous individuals who are grappling with a catastrophic illness or the loss of a family member, and who are struggling to meet their financial obligations as a result.
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Impact
July, 2024
The Carl McCain Memorial Foundation directly impacts medically overburdened families from the energy industry by providing temporary financial aid programs. This assistance helps individuals facing catastrophic illness or death in their family who are unable to meet the accompanying financial burdens. Through financial grants, the Foundation eases the financial strain on these families, allowing them to focus on their health and well-being.
This information is meant to be a general summary of Carl Mccain Memorial 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: $17,131
- Gross Receipts: $1,615,390
Assets and Liabilities:
- Total Assets: $3,100,332
- Total Liabilities: $0
- Net Assets: $3,100,332
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Organization Details
Founding Year
1979
Phone
(713) 302-9831Principal Officer
Scott Bormaster
Main Address
PO Box 66054, Houston, TX, 772666054
Website
www.carlmccain.org/NTEE Category
Code: E600 - Health
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