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Foundation For The Center For Transforming Lives

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 752920875 ✦ Fort worth, TX ✦ Designated as a 501(c)(3)

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Overview

What is Foundation For The Center For Transforming Lives?

The Foundation for the Center for Transforming Lives is a nonprofit organization situated in Fort Worth, Texas. Its primary purpose is to support the Center for Transforming Lives, an organization dedicated to improving the lives of women and children living in poverty. The Foundation manages and invests assets to further this mission. Their programs encompass various services such as housing, early childhood education, economic mobility, and clinical counseling. Through these initiatives, they aim to empower individuals and families to overcome the challenges of poverty and transform their lives.

Is Foundation For The Center For Transforming Lives legitimate?

Foundation For The Center For Transforming Lives is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For The Center For Transforming Lives 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 Foundation For The Center For Transforming Lives?

The Foundation for the Center for Transforming Lives is established to manage and invest assets exclusively for the benefit and support of the Center for Transforming Lives. Its primary activity involves soliciting, receiving, and administering funds that are then utilized by the Center for Transforming Lives to carry out its mission of transforming the lives of women and children living in poverty. The Foundation's contributions have supported various programs under the Center's umbrella, including housing services, early childhood education, economic mobility services, and clinical counseling. The Foundation's role is instrumental in providing the necessary financial backing to enable the Center for Transforming Lives to fulfill its mission effectively.

Who is the CEO of Foundation For The Center For Transforming Lives?

Carol Klocek is the Director of Foundation For The Center For Transforming Lives. The CEO's salary of Foundation For The Center For Transforming Lives is $0 and their total compensation is $247,880.

What is the revenue of Foundation For The Center For Transforming Lives?

Foundation For The Center For Transforming Lives's revenue in 2022 was $8,453,404.

Who are the executives of Foundation For The Center For Transforming Lives and what are their salaries?

There 7 volunteers at Foundation For The Center For Transforming Lives.


Here are 9 key members and their salaries (Foundation For The Center For Transforming Lives's CEO's salary is $0 and their total compensation is $247,880):


Maxwell Lea (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kyle Borrello (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matthew Davidson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandi Iacabucci (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Krebs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Paladini (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Megan Terrell (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carol Klocek (Ceo)
  • Compensation: $0
  • Related: $230,769
  • Other: $17,111
Jason Richardson (Cfo)
  • Compensation: $0
  • Related: $162,162
  • Other: $13,244
Where can I find the form 990 for Foundation For The Center For Transforming Lives?

Foundation For The Center For Transforming Lives's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Foundation For The Center For Transforming Lives

The Foundation for the Center for Transforming Lives is an organization established with a primary objective. Its mission is to manage, solicit, and invest assets exclusively for the benefit and support of the Center for Transforming Lives. This nonprofit entity is dedicated to providing financial backing to the Center for Transforming Lives, which in turn works towards transforming the lives of women and children living in poverty. The Foundation's support encompasses various programs, including housing services, early childhood education, economic mobility services, and clinical counseling. Through these initiatives, the Center for Transforming Lives aims to uplift and empower the lives of those in need, contributing to their overall well-being and development.

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Impact




October, 2024

The Foundation For The Center For Transforming Lives significantly impacts the community by supporting the Center for Transforming Lives, which focuses on enhancing the lives of women and children living in poverty. Through its strategic management and investment of assets, the Foundation provides essential funding that enables the Center to deliver vital programs.

These programs encompass housing services, which offer safe and stable living conditions; early childhood education, fostering foundational learning and development; economic mobility services, helping families achieve financial stability; and clinical counseling that addresses mental health needs. This multifaceted approach not only assists individuals and families in overcoming immediate challenges but also empowers them to build a more sustainable future.

By aligning resources with the mission of the Center, the Foundation plays a crucial role in transforming lives and fostering a healthier, more empowered community in Fort Worth, Texas.




This information is meant to be a general summary of Foundation For The Center For Transforming Lives. 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.

Revenue
$8,453,404 (2022)
Expenses
$5,372,141 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $935,745
  • Gross Receipts: $15,332,929

Assets and Liabilities:

  • Total Assets: $23,650,995
  • Total Liabilities: $0
  • Net Assets: $23,650,995

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Organization Details

Founding Year

2000

Principal Officer

Carol Klocek

Main Address

512 W 4TH STREET, FORT WORTH, TX, 76102

NTEE Category

Code: P27 - Human services

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