Overview
What is Texas Ranger Association Foundation?
The Texas Ranger Association Foundation, based in Waco, Texas, is a nonprofit organization with a focus on supporting the Texas Ranger Hall of Fame and Museum. Their mission encompasses two primary objectives: aiding active and retired Texas Rangers, along with their immediate family members, through scholarships, financial assistance, and operational support, all in the service of Texas citizens; and preserving and perpetuating the rich history and heritage of the Texas Rangers, a division of the Texas Department of Public Safety. They accomplish this by supporting the Texas Ranger Hall of Fame and Museum and promoting public education about the Texas Rangers. The organization operates with a modest workforce of four individuals.
Official website here: www.traf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
The Texas Ranger Association Foundation holds a Three-Star rating from Charity Navigator, reflecting a solid commitment to accountability and finance. The overall score is derived from a single beacon score, emphasizing the organization’s fiscal responsibility. Notably, the foundation has achieved full points for its independent board members and the presence of an audit and oversight committee, indicating strong governance practices.
Strengths of the organization include a well-structured board comprised entirely of independent members and effective financial oversight, resulting in a low liabilities-to-assets ratio of 16.44%. Additionally, the foundation has a clear conflict of interest policy in place and maintains documented board meeting minutes, which supports transparency and accountability.
However, there are areas for improvement, particularly the absence of a whistleblower policy, which impacted its score in that category. Furthermore, while the program expense ratio stands at 57.94%, this indicates that a relatively low proportion of funds are directed toward programmatic activities compared to administrative costs. Addressing these limitations could enhance the foundation's overall performance and mission effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Texas Ranger Association Foundation legitimate?
Texas Ranger Association Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Ranger Association 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: $281,853
For more financial information, click here
Official website here: www.traf.org
What is the mission statement of Texas Ranger Association Foundation?
The Texas Ranger Association Foundation's mission is centered around supporting both active and retired Texas Rangers, as well as their immediate families. This is accomplished through various means such as offering scholarships, financial aid, and operational assistance. The organization also serves the citizens of Texas. In addition, the foundation works towards preserving and promoting the history and heritage of the Texas Rangers, a division of the Texas Department of Public Safety. This is achieved through public education and by supporting the Texas Ranger Hall of Fame and Museum.
Official website here: www.traf.org
Who is the CEO of Texas Ranger Association Foundation?
Eric Simpson is the Treasurer of Texas Ranger Association Foundation.
Official website here: www.traf.org
What is the revenue of Texas Ranger Association Foundation?
Texas Ranger Association Foundation's revenue in 2022 was $674,689.
Official website here: www.traf.org
Who are the executives of Texas Ranger Association Foundation and what are their salaries?
The average compensation at Texas Ranger Association Foundation during 2022 was $70,463. There are 4 employees and 50 volunteers at Texas Ranger Association Foundation.
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Official website here: www.traf.org
Where can I find the form 990 for Texas Ranger Association Foundation?
Texas Ranger Association Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.traf.org
Learn more at the official website: www.traf.org
Mission Statement of Texas Ranger Association Foundation
The Texas Ranger Association Foundation, a nonprofit organization, is dedicated to supporting the well-being of active and retired Texas Rangers and their immediate family members. This is achieved through the provision of scholarships, financial assistance, and operational aid, all with the aim of serving the citizens of Texas. Beyond this, the foundation plays a crucial role in preserving and perpetuating the history and heritage of the Texas Rangers, a division of the Texas Department of Public Safety. This is accomplished through public education and by supporting the Texas Ranger Hall of Fame and Museum. The foundation's mission is thereby twofold: to assist the Texas Rangers in their service to the public, and to safeguard the legacy and story of this esteemed law enforcement division.
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Impact
July, 2024
The Texas Ranger Association Foundation's impact is significant in supporting active and retired Texas Rangers and their immediate family members through scholarships, financial assistance, and operational support, thereby serving the citizens of Texas. Additionally, the foundation plays a crucial role in preserving and perpetuating the history and heritage of the Texas Rangers, a division of the Texas Department of Public Safety, through public education and by supporting the Texas Ranger Hall of Fame and Museum in Waco, TX. Through these efforts, the foundation ensures that the legacy and contributions of the Texas Rangers are honored and remembered for generations to come.
This information is meant to be a general summary of Texas Ranger Association 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: -$337,853
- Gross Receipts: $1,217,367
Assets and Liabilities:
- Total Assets: $5,184,519
- Total Liabilities: $852,519
- Net Assets: $4,332,000
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Organization Details
Founding Year
1981
Phone
(254) 752-1001Principal Officer
Eric Simpson
Main Address
104 TEXAS RANGER TRAIL, WACO, TX, 76706
Website
www.traf.orgNTEE Category
Code: A50 - Arts
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