Overview
What is Anderson Merchandisers Associate Assistance Fund?
Anderson Merchandisers Associate Assistance Fund is a charitable organization located in Plano, Texas. Its primary mission is to offer financial aid to employees who encounter financial hardships due to disasters or personal crises. This nonprofit fund provides essential assistance to employees and their immediate family members during severe financial difficulties, aiming to alleviate their burdens and offer support during challenging times.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%, Two-Star out of Four Star rating)
The Anderson Merchandisers Associate Assistance Fund has received a Two-Star rating from Charity Navigator, indicating that while the organization demonstrates strong financial accountability and transparency, it has significant areas needing improvement. The organization excels with a perfect score in Accountability & Finance, including a 100% program expense ratio and absence of asset diversion, showcasing efficient use of funds. Additionally, it has a fully independent board, which enhances governance.
However, the charity has notable weaknesses, particularly in its lack of key policies and disclosures. The absence of a conflict of interest policy, whistleblower policy, and document retention policy, along with missing tax form disclosures on its website, raises concerns about overall transparency and governance practices. These shortcomings may hinder its overall effectiveness and public trust.
Overall, while the financial health and governance structure of the Anderson Merchandisers Associate Assistance Fund are commendable, the organization must address its policy gaps and improve its disclosure practices to enhance its rating and public confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Anderson Merchandisers Associate Assistance Fund legitimate?
Anderson Merchandisers Associate Assistance Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anderson Merchandisers Associate Assistance Fund 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 Anderson Merchandisers Associate Assistance Fund?
The Anderson Merchandisers Associate Assistance Fund's primary mission is to offer financial aid to employees who have experienced a severe financial hardship. This assistance is extended to employees and their immediate family members in times of disaster or personal crisis. The fund's purpose is to provide a safety net for individuals in need, aiming to alleviate their financial burdens during challenging periods. The fund functions as a source of support, ensuring that employees can weather these tough times with some financial assistance.
Who is the CEO of Anderson Merchandisers Associate Assistance Fund?
David Thompson is the Vice President/Treasurer of Anderson Merchandisers Associate Assistance Fund.
What is the revenue of Anderson Merchandisers Associate Assistance Fund?
Anderson Merchandisers Associate Assistance Fund's revenue in 2023 was $187,327.
Who are the executives of Anderson Merchandisers Associate Assistance Fund and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Anderson Merchandisers Associate Assistance Fund?
Anderson Merchandisers Associate Assistance Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Anderson Merchandisers Associate Assistance Fund
The Anderson Merchandisers Associate Assistance Fund is a charitable organization with a mission to extend financial aid to its employees who have encountered significant financial hardships. This mission is carried out when the employees or their immediate family members face severe difficulties, such as during disasters or personal crises. The fund serves as a safety net, providing the necessary financial assistance to help these individuals navigate through their challenging times.
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Impact
October, 2024
The Anderson Merchandisers Associate Assistance Fund plays a critical role in supporting employees facing financial hardships due to disasters or personal crises. By providing financial aid, the Fund alleviates the immediate burden for employees who may be struggling due to unforeseen circumstances, such as natural disasters or personal emergencies. This support is essential in helping employees regain stability and continue their daily lives without overwhelming financial stress.
Located in Plano, TX, the mission of the Associate Assistance Fund centers on delivering timely assistance to those in severe hardship, benefiting not just the individuals but also their families. This act of support fosters a compassionate workplace culture, reinforcing the value of community and well-being among employees. The impact is profound, as it not only aids in financial recovery but also promotes emotional resilience and loyalty within the workforce. By addressing the needs of employees in their times of greatest vulnerability, the Fund contributes significantly to their overall welfare and job satisfaction.
This information is meant to be a general summary of Anderson Merchandisers Associate Assistance Fund. 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.
- Gross Receipts: $187,327
Assets and Liabilities:
- Total Assets: $313,819
- Total Liabilities: $0
- Net Assets: $313,819
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Organization Details
Founding Year
1993
Phone
(806) 376-6251Principal Officer
David Thompson
Main Address
5601 GRANITE PARKWAY SUITE 1400, PLANO, TX, 75024
NTEE Category
Code: P60Z - Human services
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