Overview
What is Stratford Area Foundation Inc?
Stratford Area Foundation Inc is a nonprofit organization situated in Stratford, Texas, and serving the neighboring Texoma region in Oklahoma. Their primary mission is to support local organizations and charities, contributing to the betterment of Sherman County, Texas, and Texas County, Oklahoma. By funding various civic projects, they aim to enrich the communities in these regions. The foundation's activities extend beyond just financial support, as they work towards the overall improvement and development of their local communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star Rating
The Stratford Area Foundation Inc received a low rating of 53%, which corresponds to a One-Star designation. This rating reflects significant concerns primarily related to accountability and finance, as it is based solely on this beacon score. Key issues include a lack of independent board members and missing essential policies related to conflict of interest, whistleblower procedures, and document retention.
Despite these shortcomings, the organization does demonstrate some strengths, particularly in financial management with a program expense ratio of 89.2%. This indicates that a substantial portion of its resources is directed toward its programs rather than administrative costs. However, the absence of a website listed on its tax form and an inadequate governance structure raise red flags about transparency and accountability.
Overall, while the Stratford Area Foundation Inc appears to allocate its funds effectively towards its mission, the lack of independent oversight and missing governance policies could undermine public trust and effectiveness. Stakeholders may want to seek more information regarding the organization's operational practices before engaging.
This AI summary has been generated from information found on Charity Navigator.
Is Stratford Area Foundation Inc legitimate?
Stratford Area Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stratford Area Foundation Inc 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
For more financial information, click here
What is the mission statement of Stratford Area Foundation Inc?
The Stratford Area Foundation Inc is committed to supporting local organizations, aiming to enhance the well-being of Sherman County, Texas, and Texas County, Oklahoma. Their mission is to serve the communities of Stratford, Texas, and Texhoma, Oklahoma, by funding various civic projects and charitable organizations. The foundation actively contributes to the betterment of these communities by providing financial aid, thereby promoting community development and social welfare.
Who is the CEO of Stratford Area Foundation Inc?
Gaynelle Riffe is the Director of Stratford Area Foundation Inc.
What is the revenue of Stratford Area Foundation Inc?
Stratford Area Foundation Inc's revenue in 2022 was $85,894.
Who are the executives of Stratford Area Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Stratford Area Foundation Inc?
Stratford Area Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Stratford Area Foundation Inc
The Stratford Area Foundation Inc, a renowned organization, is dedicated to serving the local communities of Stratford and Texhoma, encompassing Sherman County, Texas, and Texas County, Oklahoma. Its mission is to support local organizations by providing funds for various civic projects and charitable causes. By doing so, the foundation strives to contribute to the betterment of these communities, aiming to make a positive impact on the lives of its residents. Through its funding, the Stratford Area Foundation Inc helps strengthen the fabric of these communities, fostering growth and development in multiple sectors.
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
October, 2024
Stratford Area Foundation Inc plays a vital role in enhancing the quality of life in the communities of Stratford, Texas, and Texhoma, Oklahoma. By providing financial support to local organizations, the foundation fosters civic engagement and empowers various charitable initiatives. This funding helps to address the needs of the communities, leading to the development of impactful projects that benefit residents.
Through its contributions, the foundation supports a range of civic projects and charitable organizations, improving various aspects of life in Sherman County, Texas, and Texas County, Oklahoma. These efforts not only strengthen community ties but also promote a culture of giving and philanthropy. The foundation's commitment to local development creates a ripple effect that enriches the lives of individuals and families, ensuring a brighter future for the region.
This information is meant to be a general summary of Stratford Area Foundation Inc. 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: $48,330
- Gross Receipts: $85,894
Assets and Liabilities:
- Total Assets: $1,078,724
- Total Liabilities: $0
- Net Assets: $1,078,724
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1980
Phone
(806) 396-5521Principal Officer
Gaynelle Riffe
Main Address
301 N MAIN - PO BOX 48, STRATFORD, TX, 79084
NTEE Category
Code: T31I - Philanthropy
If you are a representative of Stratford Area Foundation Inc 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.