Overview
What is Southmore Foundation Inc?
Southmore Foundation Inc, situated in Houston, Texas, is a nonprofit organization with a mission to empower women. By providing various programs and activities, they focus on enhancing human, cultural, intellectual, professional, and spiritual growth. Their ultimate goal is to encourage women of all ages to actively participate in their homes, workplaces, and communities, thus contributing to the strengthening of families, businesses, and societies. Based in Houston, Texas, the foundation employs a team of 22 individuals, working diligently towards achieving their vision.
Official website here: www.sheridancenter.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, earning a Two-Star out of Four Star rating. The Southmore Foundation Inc has a moderate accountability and finance score of 67, indicating some strengths in governance but also significant areas for improvement. Notably, the organization is fully compliant with having an independent board, with all members being independent, and it has no material diversion of assets reported.
The foundation demonstrates a strong program expense ratio of 96.87%, suggesting that a substantial portion of its expenditures goes directly toward its programs rather than administrative costs. However, there are several weaknesses in its governance practices, including missing policies for conflicts of interest, whistleblower protection, and document retention. Additionally, board meeting minutes are not documented, which raises concerns about transparency and accountability.
Overall, while Southmore Foundation Inc shows promise in its programmatic spending and board independence, it must address its governance deficiencies to enhance its overall rating and trustworthiness in the nonprofit sector. Improved policy implementation and documentation practices could significantly bolster its accountability and financial health according to Charity Navigator’s standards.
This AI summary has been generated from information found on Charity Navigator.
Is Southmore Foundation Inc legitimate?
Southmore Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southmore 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: $8,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $208,705
For more financial information, click here
Official website here: www.sheridancenter.org
What is the mission statement of Southmore Foundation Inc?
The Southmore Foundation Inc, through its diverse programs and activities, is committed to fostering the growth and development of women of all ages. The primary goal is to empower them to actively contribute to their educational, professional, and personal spheres, with an aim to strengthen families, businesses, and communities. The foundation's activities are designed to enhance human, cultural, intellectual, and faith development, ultimately leading to stronger and more united social structures.
Official website here: www.sheridancenter.org
Who is the CEO of Southmore Foundation Inc?
Meredith Boles is the Secretary of Southmore Foundation Inc.
Official website here: www.sheridancenter.org
What is the revenue of Southmore Foundation Inc?
Southmore Foundation Inc's revenue in 2022 was $634,136.
Official website here: www.sheridancenter.org
Who are the executives of Southmore Foundation Inc and what are their salaries?
The average compensation at Southmore Foundation Inc during 2022 was $9,850. There are 22 employees at Southmore Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $8,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sheridancenter.org
Where can I find the form 990 for Southmore Foundation Inc?
Southmore Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sheridancenter.org
Learn more at the official website: www.sheridancenter.org
Mission Statement of Southmore Foundation Inc
Southmore Foundation, a nonprofit organization, is dedicated to promoting the growth and development of women across various aspects of life. The foundation achieves this mission through a diverse array of programs and activities that focus on human, cultural, intellectual, professional, and faith development. By doing so, Southmore Foundation empowers women of all ages to actively participate in their educational institutions, workplaces, and households. The ultimate goal is to foster the creation of robust families, thriving businesses, and strong communities.
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Impact
July, 2024
Southmore Foundation Inc's impact is far-reaching, as it prepares women of all ages to actively engage in their schools, workplaces, and homes with the goal of strengthening families, companies, and communities. Through a variety of programs focused on human, cultural, intellectual, professional, and faith development, Southmore Foundation equips women to play vital roles in society. This organization in Houston, TX empowers women to make meaningful contributions and create positive change in their environments.
This information is meant to be a general summary of Southmore 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: $1,124
- Program Service Revenue: $67,817
- Gross Receipts: $634,136
Assets and Liabilities:
- Total Assets: $9,345,964
- Total Liabilities: $2,773,955
- Net Assets: $6,572,009
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Activities & Residence
Revenue
$67,817
Organization Details
Founding Year
1983
Phone
(713) 630-0661Principal Officer
Meredith Boles
Main Address
2222 Bellefontaine St, Houston, TX, 77030
Website
www.sheridancenter.orgNTEE Category
Code: X21Z - Religion related
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