Overview
What is Freeman Emma Foundation F0486000?
Freeman Emma Foundation F0486000 is a grantmaking organization situated in San Antonio, Texas. Established through the will of Harold M. Freeman, this endowment fund serves as a trust, with its residual estate bequeathed to the foundation for the benefit of specifically identified organizations. These beneficiaries, which include Golden Manor Jewish Senior Services, Santa Rosa Children's Hospital Foundation, Christus Santa Rosa Health Care Corporation, and Jewish Federation of San Antonio, must meet certain criteria to qualify, such as being described as a Section 501(c)(3) organization in the Internal Revenue Code that is not a private foundation described in Section 509(a) of the Internal Revenue Code. The foundation requires its beneficiaries to inform the trustee of any changes in status as they continue to receive benefits from this endowment fund.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (64%, Two-Star out of Four Star rating)
The Freeman Emma Foundation has received a Two-Star rating from Charity Navigator, indicating a need for improvement in several areas, particularly in accountability and finance. The foundation scored 64% overall, which reflects some strengths but also notable weaknesses, particularly the lack of independent board members and missing financial statements. This suggests potential challenges in governance and transparency.
On the positive side, the organization has demonstrated a strong program expense ratio of 87.66%, indicating a significant portion of its funds is directed toward its mission-related activities. Additionally, it has policies in place for conflict of interest, whistleblowing, and document retention, all of which are positive indicators of governance practices.
However, the absence of independent board members and the lack of publicly available financial documents raise concerns about the foundation's governance structure and transparency. These limitations could hinder donor confidence and future funding opportunities, emphasizing the need for the organization to address these areas for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Freeman Emma Foundation F0486000 legitimate?
Freeman Emma Foundation F0486000 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Freeman Emma Foundation F0486000 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: $199,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Freeman Emma Foundation F0486000?
The Freeman Emma Foundation F0486000 is an endowment fund created under the will of Harold M. Freeman. The residue of his estate was bequeathed to this foundation, intended to benefit specifically identified organizations that meet certain criteria. These organizations must prove their status as non-profit organizations described in Section 501(C)(3) of the Internal Revenue Code, excluding private foundations described in Section 509(A) of the Internal Revenue Code. Currently, the beneficiary organizations receiving benefits from this endowment fund include Golden Manor Jewish Senior Services, Santa Rosa Children's Hospital Foundation, Christus Santa Rosa Health Care Corporation, and the Jewish Federation of San Antonio. The mission of the Freeman Emma Foundation F0486000 is not explicitly stated in the provided information, as it primarily focuses on the beneficiary organizations and their eligibility criteria.
Who is the CEO of Freeman Emma Foundation F0486000?
Debbie Broemsen is the Principal Officer of Freeman Emma Foundation F0486000.
What is the revenue of Freeman Emma Foundation F0486000?
Freeman Emma Foundation F0486000's revenue in 2022 was $668,495.
Who are the executives of Freeman Emma Foundation F0486000 and what are their salaries?
There is 1 key member and their salary:
- Compensation: $199,251
- Related: $0
- Other: $0
Where can I find the form 990 for Freeman Emma Foundation F0486000?
Freeman Emma Foundation F0486000's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Freeman Emma Foundation F0486000
The Freeman Emma Foundation F0486000 is an endowment fund established through the will of Harold M. Freeman. The residue of his estate was bequeathed to this foundation, which is tasked with holding these funds for the benefit of specifically identified organizations or their qualified successors. Each recipient organization must prove its status as a nonprofit organization described under Section 501(C)(3) of the Internal Revenue Code, excluding private foundations described under Section 509(A) of the Internal Revenue Code. The current beneficiary organizations of this endowment fund include Golden Manor Jewish Senior Services, Santa Rosa Children's Hospital Foundation, Christus Santa Rosa Health Care Corporation, and the Jewish Federation of San Antonio. The foundation requires these organizations to inform the trustee of any changes in their status as they continue to receive benefits from this endowment fund. The Freeman Emma Foundation F0486000 serves as a philanthropic entity that distributes funds to eligible nonprofit organizations, ensuring they maintain their nonprofit status and continuously update the foundation regarding any changes in their organization's standing.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The impact of the Freeman Emma Foundation F0486000 is felt through its support of organizations like Golden Manor Jewish Senior Services, Santa Rosa Children's Hospital Foundation, Christus Santa Rosa Health Care Corporation, and the Jewish Federation of San Antonio. By providing financial assistance to these entities, the foundation plays a vital role in enhancing the well-being of seniors, children, patients, and the community at large. Through its philanthropic endeavors, the foundation contributes to the betterment of society and the advancement of important causes in San Antonio, TX.
This information is meant to be a general summary of Freeman Emma Foundation F0486000. 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: $524,297
- Gross Receipts: $6,809,562
Assets and Liabilities:
- Total Assets: $25,585,636
- Total Liabilities: $0
- Net Assets: $25,585,636
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1985
Principal Officer
Debbie Broemsen
Main Address
P O BOX 2950 TAX DEPT FLOOR 5, SAN ANTONIO, TX, 782992950
NTEE Category
Code: T900 - Philanthropy
If you are a representative of Freeman Emma Foundation F0486000 and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.