Overview
What is Sealant Waterproofing & Restoration Foundation?
The Sealant Waterproofing & Restoration Foundation is a nonprofit organization situated in Kansas City, Missouri, specifically at 400 Admiral Blvd. Their primary mission is to offer scholarship opportunities for individuals seeking education within the field of sealant, waterproofing, and restoration. This foundation aims to support the growth and development of professionals in this specialized sector by providing financial aid for their education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 stars
The Sealant Waterproofing & Restoration Foundation has received a low rating of 46%, indicating significant concerns regarding its accountability and finance practices. While the organization benefits from having a fully independent board, it lacks essential policies and documentation, such as a conflict of interest policy and meeting minutes, which are critical for transparency.
Additionally, the foundation's program expense ratio is notably low at 50.65%, suggesting that a substantial portion of its expenses may not be directed towards its stated programs. This raises questions about the effectiveness of its operations and the overall impact of its initiatives.
On a positive note, the organization shows no material diversion of assets and maintains a strong liabilities to assets ratio of 0.00%, reflecting financial stability. However, the missing elements in governance and operational transparency significantly detract from its rating. Overall, there are considerable areas for improvement to enhance trust and effectiveness in its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Sealant Waterproofing & Restoration Foundation legitimate?
Sealant Waterproofing & Restoration Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sealant Waterproofing & Restoration 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 Sealant Waterproofing & Restoration Foundation?
The Sealant Waterproofing & Restoration Foundation's mission is centered around providing scholarship opportunities. Specifically, they aim to support individuals who are pursuing education in the field of sealant, waterproofing, and restoration. By offering scholarships, the foundation seeks to contribute to the growth and development of this particular sector, potentially fostering a new generation of skilled professionals.
Who is the CEO of Sealant Waterproofing & Restoration Foundation?
Michael Macdonagh V is the President of Sealant Waterproofing & Restoration Foundation.
What is the revenue of Sealant Waterproofing & Restoration Foundation?
Sealant Waterproofing & Restoration Foundation's revenue in 2022 was $30,122.
Who are the executives of Sealant Waterproofing & Restoration Foundation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Sealant Waterproofing & Restoration Foundation?
Sealant Waterproofing & Restoration Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sealant Waterproofing & Restoration Foundation
The Sealant Waterproofing & Restoration Foundation, as its name suggests, is committed to providing scholarship opportunities for individuals pursuing education in the field of sealant, waterproofing, and restoration. Their mission, in essence, is to foster the growth and development of professionals in this specific domain by offering financial aid, thereby making higher education more accessible and affordable. This foundation serves as a catalyst for nurturing talent and advancing the industry by investing in the education of future leaders.
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Impact
October, 2024
Sealant Waterproofing & Restoration Foundation significantly impacts the industry by offering scholarships to individuals pursuing education in the sealant, waterproofing, and restoration field. This support not only reduces financial barriers for aspiring professionals but also cultivates a skilled workforce equipped to meet the demands of the sector. By investing in education, the foundation enhances the quality of work within the industry, promoting innovation and best practices. This initiative ultimately contributes to the sustainability and advancement of sealant and waterproofing technologies, benefiting both professionals and the communities they serve. Based in Kansas City, MO, the foundation's commitment to education fosters a future where skilled practitioners are prepared to address the challenges and opportunities in the field.
This information is meant to be a general summary of Sealant Waterproofing & Restoration 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: $237
- Gross Receipts: $30,122
Assets and Liabilities:
- Total Assets: $179,362
- Total Liabilities: $0
- Net Assets: $179,362
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Organization Details
Phone
(816) 472-8870Principal Officer
Michael Macdonagh V
Main Address
400 ADMIRAL BLVD, KANSAS CITY, MO, 64106
NTEE Category
Code: B82 - Education
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