Overview
What is Waco Scottish Rite Bodies Charitable Foundation?
The Waco Scottish Rite Bodies Charitable Foundation is a nonprofit organization based in Waco, Texas, with a postal address at PO Box 3080, 76707. Their primary objective is to provide charitable funds to support the local Waco community. The foundation is rooted in the principles of Brotherly Love, Tolerance, Charity, and Truth, as promoted by the Scottish Rite of Freemasonry, Southern Jurisdiction. They are dedicated to uplifting their members and enriching the communities they serve, embracing values such as fellowship, compassion, and devotion to family, country, and spirituality.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
The Waco Scottish Rite Bodies Charitable Foundation has a solid financial accountability profile, evidenced by a high Program Expense Ratio of 95.09%, indicating that a significant portion of its funds goes directly to its programs. The charity also receives full marks for having an independent board of directors, showcasing strong governance practices. Moreover, there are no reported issues with material diversion of assets, which contributes to its credibility.
Despite these strengths, the overall rating of 73% reflects room for improvement in certain areas of accountability and finance. While the organization has a strong foundation in governance, it may need to enhance its transparency and operational efficiency to achieve higher ratings. Continued focus on these aspects will be critical for gaining greater trust and support from donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Waco Scottish Rite Bodies Charitable Foundation legitimate?
Waco Scottish Rite Bodies Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waco Scottish Rite Bodies Charitable 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
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What is the mission statement of Waco Scottish Rite Bodies Charitable Foundation?
The Waco Scottish Rite Bodies Charitable Foundation's mission is centered around improving its members and positively impacting the communities they reside in. This is achieved by promoting and demonstrating the values of brotherly love, tolerance, charity, and truth. The foundation actively embraces high moral, social, and spiritual values, fostering fellowship, compassion, and dedication towards God, family, and country. The organization's mission encompasses teaching and emulating these principles, thereby enhancing the lives of its members and contributing to the betterment of the communities they serve.
What is the revenue of Waco Scottish Rite Bodies Charitable Foundation?
Waco Scottish Rite Bodies Charitable Foundation's revenue in 2023 was $35,016.
Who are the executives of Waco Scottish Rite Bodies Charitable Foundation and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Waco Scottish Rite Bodies Charitable Foundation?
Waco Scottish Rite Bodies Charitable Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Waco Scottish Rite Bodies Charitable Foundation
The Waco Scottish Rite Bodies Charitable Foundation is committed to enhancing the lives of its members and the communities they inhabit. The organization achieves this mission by promoting and embodying fundamental principles such as brotherly love, tolerance, charity, and truth. In addition, it actively embraces high social, moral, and spiritual values, including fellowship, compassion, and dedication to family, country, and God. Through its teachings and actions, the Waco Scottish Rite Bodies Charitable Foundation strives to improve its members and contribute positively to the communities they reside in.
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Impact
August, 2024
The Waco Scottish Rite Bodies Charitable Foundation has a significant impact on the community by providing charitable funds to the surrounding Waco area. Through its mission of improving its members and enhancing the communities in which they live, the foundation teaches and emulates principles such as brotherly love, tolerance, charity, and truth. By actively embracing high social, moral, and spiritual values, including fellowship, compassion, and dedication to God, family, and country, the foundation contributes to the betterment of society and supports those in need in the Waco area.
This information is meant to be a general summary of Waco Scottish Rite Bodies Charitable 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 2023.
- Investment Income: $5,733
- Gross Receipts: $35,016
Assets and Liabilities:
- Total Assets: $170,369
- Total Liabilities: $0
- Net Assets: $170,369
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Organization Details
Principal Officer
Mike Waldrop
NTEE Category
Code: Y00 - Mutual benefit
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