Overview
What is Tfoc Incorporated?
Tfoc Incorporated is a nonprofit organization situated in Conroe, Texas. Its primary mission is to enhance the well-being of the local community. They achieve this by promoting scholarships for students and offering financial support to various other non-profit organizations within the area. The organization's overall aim is to foster the welfare of Conroe, Texas, demonstrating a strong commitment to the betterment of its citizens.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 71%)
Tfoc Incorporated has received a Two-Star rating from Charity Navigator, indicating that while the organization shows some strengths, there are significant areas requiring improvement. The overall score of 71% reflects solid performance in certain accountability measures, such as having a fully independent board and a commendable program expense ratio of 86.41%. This suggests that a large portion of their resources is directed towards their programs.
However, the organization faces notable limitations, particularly in their financial transparency and governance policies. Tfoc has not submitted financial statements, which significantly affects their accountability score. Additionally, while they have a conflict of interest policy in place, they lack a whistleblower policy and have not documented retention and destruction policies, which are important for operational integrity and accountability.
Overall, Tfoc Incorporated demonstrates strong commitment in some aspects, such as board independence and effective program funding. Yet, the gaps in financial documentation and governance policies highlight the need for improvements to enhance transparency and build trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Tfoc Incorporated legitimate?
Tfoc Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tfoc Incorporated 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: $38,703
For more financial information, click here
What is the mission statement of Tfoc Incorporated?
Tfoc Incorporated's mission is centered around enhancing the well-being of its community. Specifically, the organization aims to advance the welfare of its citizens, extending its support to local students and various non-profit organizations. In essence, Tfoc Incorporated's mission is to contribute positively to the community by providing scholarships and donations, thereby fostering a prosperous and supportive environment for all its members.
Who is the CEO of Tfoc Incorporated?
Jamie Naleway is the President of Tfoc Incorporated.
What is the revenue of Tfoc Incorporated?
Tfoc Incorporated's revenue in 2022 was $884,625.
Who are the executives of Tfoc Incorporated and what are their salaries?
The average compensation at Tfoc Incorporated during 2022 was $38,703. There is 1 employee and 200 volunteers at Tfoc Incorporated.
Here are 4 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
Where can I find the form 990 for Tfoc Incorporated?
Tfoc Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Tfoc Incorporated
Tfoc Incorporated, as a non-profit organization, is dedicated to enhancing the welfare and well-being of its community members in Conroe, Texas. The organization's primary mission is to contribute positively to this local population. In pursuit of this goal, Tfoc Incorporated focuses on providing scholarships and donations to deserving students and other non-profit organizations within the area. By doing so, the non-profit aims to foster a sense of growth and development in the community, particularly among its younger generations. Overall, Tfoc Incorporated's mission is to contribute to the betterment of Conroe's citizens, demonstrating a commitment to the welfare and well-being of its community.
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Impact
July, 2024
Tfoc Incorporated has made a significant impact on the citizens of Conroe, Texas by promoting their welfare and well-being. Through the provision of scholarships and donations to local students and other nonprofits, Tfoc Incorporated has played a crucial role in supporting the community and ensuring that individuals have access to opportunities for education and development. Their philanthropic efforts have undoubtedly made a positive difference in Conroe, Texas, contributing to the betterment of the city and its residents.
This information is meant to be a general summary of Tfoc Incorporated. 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: $308
- Program Service Revenue: $790,113
- Gross Receipts: $2,349,034
Assets and Liabilities:
- Total Assets: $989,110
- Total Liabilities: $4,155
- Net Assets: $984,955
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program Revenue
Revenue
$790,113
Organization Details
Founding Year
1990
Principal Officer
Jamie Naleway
Main Address
101 S Main St, Conroe, TX, 77301
NTEE Category
Code: T99 - Philanthropy
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