Overview
What is Henry Martin Rockwell Family Foundation?
The Henry Martin Rockwell Family Foundation is a charitable organization situated in Albany, Texas. Their primary mission is to distribute funds to various entities within the city, including students, cultural organizations, and religious institutions. By providing these grants, the foundation aims to support and enrich the community in multiple ways.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Star rating (73%)
The Henry Martin Rockwell Family Foundation has received a two-star rating from Charity Navigator, indicating that while it has some strong financial practices, there are significant areas that require attention. The foundation boasts a high program expense ratio of 95.46%, demonstrating a commitment to its charitable missions. Additionally, it scores full points for having an independent board and no liabilities, which reflects prudent financial management.
However, the foundation's rating is affected by several deficiencies in its governance and transparency practices. Notably, it lacks a conflict of interest policy, a whistleblower policy, and a document retention policy, which are critical for ensuring ethical operations. Furthermore, the absence of its website link on tax forms raises questions about its accessibility and transparency to the public.
Overall, while the Henry Martin Rockwell Family Foundation demonstrates strong financial accountability through its spending on programs, the lack of essential governance policies and public documentation represents a significant area for improvement. Addressing these shortcomings could enhance its overall rating and foster greater trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Henry Martin Rockwell Family Foundation legitimate?
Henry Martin Rockwell Family Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Henry Martin Rockwell Family 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
For more financial information, click here
What is the mission statement of Henry Martin Rockwell Family Foundation?
The Henry Martin Rockwell Family Foundation's mission is centered around providing financial assistance. Specifically, it extends grants to various entities, including students, cultural organizations, and religious organizations. This philanthropic organization's purpose is to support and uplift these sectors, contributing to their growth and development. The foundation's activities are focused on fostering positive change and development within the respective organizations it supports.
Who is the CEO of Henry Martin Rockwell Family Foundation?
Randall Palmore is the Chairman of Henry Martin Rockwell Family Foundation.
What is the revenue of Henry Martin Rockwell Family Foundation?
Henry Martin Rockwell Family Foundation's revenue in 2023 was $46,570.
Who are the executives of Henry Martin Rockwell Family Foundation and what are their salaries?
Here are 3 key members and their salaries:
- 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 Henry Martin Rockwell Family Foundation?
Henry Martin Rockwell Family Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Henry Martin Rockwell Family Foundation
The Henry Martin Rockwell Family Foundation is committed to providing financial assistance to students, cultural organizations, and religious organizations. This philanthropic organization's mission is centered around offering grants to these various entities, aiming to contribute positively to their respective fields and communities. The Foundation's activities are geared towards uplifting these organizations, providing them with the necessary resources to carry out their missions effectively. The Henry Martin Rockwell Family Foundation's mission is a testament to its dedication to supporting the growth and success of students, cultural organizations, and religious organizations, thereby enriching the social fabric of society.
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Impact
October, 2024
The Henry Martin Rockwell Family Foundation significantly impacts the Albany, Texas community by providing financial support to students, cultural organizations, and religious groups. Through its grant-making activities, the foundation enhances educational opportunities for students, fostering academic growth and development. It also plays a vital role in supporting cultural initiatives that enrich the community’s artistic landscape and promote cultural heritage. Additionally, by offering grants to religious organizations, the foundation contributes to the spiritual and social well-being of Albany's residents. Overall, its efforts help to create a more informed, connected, and vibrant community.
This information is meant to be a general summary of Henry Martin Rockwell Family 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 2023.
- Investment Income: $27,854
- Gross Receipts: $46,570
Assets and Liabilities:
- Total Assets: $1,745,103
- Total Liabilities: $0
- Net Assets: $1,745,103
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Organization Details
Founding Year
1965
Phone
(325) 762-2221Principal Officer
Randall Palmore
Main Address
PO BOX 2019, ALBANY, TX, 76430
NTEE Category
Code: B82Z - Education
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