Overview
What is Southwest Airlines Employees Catastrophic Assistance Charity?
Southwest Airlines Employees Catastrophic Assistance Charity is a nonprofit organization, headquartered in Dallas, Texas, that extends financial aid to employees of Southwest Airlines Co. and its subsidiaries. The charity offers direct financial assistance to those facing severe financial hardships due to unexpected medical or personal emergencies. These circumstances often surpass an individual's ability to prepare through responsible financial planning or budgeting. In 2022, the charity disbursed a significant sum of $2,387,772 to aid eligible employees in need. The charity's mission is to provide support and alleviate financial strain during challenging times, thereby contributing to the well-being of Southwest Airlines' workforce.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star Rating.
The Southwest Airlines Employees Catastrophic Assistance Charity has achieved a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. The charity's overall score is driven entirely by its accountability and finance score of 94%, showcasing effective management of its resources and a commitment to transparency in operations.
One of the notable strengths of this charity is its governance structure, with 100% of its board members being independent, ensuring impartial decision-making. The organization also scores full points in several areas, including its financial statements and policies related to conflict of interest, whistleblowing, and document retention, demonstrating a robust system of checks and balances.
Additionally, the charity maintains a solid financial footing, as indicated by a liabilities to assets ratio of 0.00% and a high program expense ratio of 93.81%. This suggests that a significant portion of its funds is directed towards its mission rather than administrative costs. Overall, the Southwest Airlines Employees Catastrophic Assistance Charity stands out for its responsible fiscal management and effective governance.
This AI summary has been generated from information found on Charity Navigator.
Is Southwest Airlines Employees Catastrophic Assistance Charity legitimate?
Southwest Airlines Employees Catastrophic Assistance Charity is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southwest Airlines Employees Catastrophic Assistance Charity 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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What is the mission statement of Southwest Airlines Employees Catastrophic Assistance Charity?
The Southwest Airlines Employees Catastrophic Assistance Charity is dedicated to aiding employees of Southwest Airlines Co. and its subsidiaries who encounter severe financial difficulties due to unforeseen catastrophic events, primarily in the form of emergency medical or personal crises, which are typically beyond an individual's capacity to prepare for through prudent financial planning or budgeting. The charity's mission is to provide necessary assistance during these challenging times, offering a lifeline of support when it is most needed.
Who is the CEO of Southwest Airlines Employees Catastrophic Assistance Charity?
Colleen Russell is the President of Southwest Airlines Employees Catastrophic Assistance Charity.
What is the revenue of Southwest Airlines Employees Catastrophic Assistance Charity?
Southwest Airlines Employees Catastrophic Assistance Charity's revenue in 2022 was $1,408,008.
Who are the executives of Southwest Airlines Employees Catastrophic Assistance Charity and what are their salaries?
There 10 volunteers at Southwest Airlines Employees Catastrophic Assistance Charity.
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Where can I find the form 990 for Southwest Airlines Employees Catastrophic Assistance Charity?
Southwest Airlines Employees Catastrophic Assistance Charity's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Southwest Airlines Employees Catastrophic Assistance Charity
The Southwest Airlines Employees Catastrophic Assistance Charity is a nonprofit organization that plays a crucial role in supporting the employees of Southwest Airlines Co. and its subsidiaries. In the face of severe financial hardship, often arising from unexpected catastrophic events such as medical emergencies or personal crises, this charity extends a helping hand. It is not reasonable to anticipate or prepare for such situations through typical financial planning or budgeting, making the charity's assistance invaluable. The Southwest Airlines Employees Catastrophic Assistance Charity aims to alleviate the financial burdens of its beneficiaries, providing them with the necessary assistance to navigate through these challenging times.
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Impact
July, 2024
The Southwest Airlines Employees Catastrophic Assistance Charity has made a significant impact by providing $2,387,772 in direct financial assistance to employees of Southwest Airlines Co. and its subsidiaries in 2022. This assistance has helped employees facing severe financial hardship due to catastrophic events in their lives, such as emergency medical situations or personal crises. By offering this support, the charity has been able to ensure that employees facing unexpected challenges receive the help they need during difficult times.
This information is meant to be a general summary of Southwest Airlines Employees Catastrophic Assistance Charity. 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: $208,039
- Gross Receipts: $1,408,008
Assets and Liabilities:
- Total Assets: $21,032,021
- Total Liabilities: $0
- Net Assets: $21,032,021
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Organization Details
Founding Year
1990
Phone
(214) 792-4728Principal Officer
Colleen Russell
Main Address
PO Box 36611 HDQ-1CA, Dallas, TX, 75235
NTEE Category
Code: T990 - Philanthropy
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