Overview
What is Foundation For Southeast Texas Inc?
Foundation for Southeast Texas Inc is a nonprofit organization based in Beaumont, Texas. Its primary mission is to improve the quality of life in the area by encouraging philanthropic gifts and helping donors achieve their charitable objectives. The foundation does this by managing donations with care and professionalism, ensuring they are distributed effectively to organizations that qualify under IRC Section 501(c)(3), as per the donor's stipulations. With a team of just two dedicated individuals, the Foundation for Southeast Texas Inc plays a crucial role in facilitating charitable contributions and making a positive impact in the community.
Official website here: www.cfsetx.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Foundation For Southeast Texas Inc has received a solid Three-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The charity scored 85% overall, with the entire score derived from a comprehensive evaluation of its financial practices and governance. This rating signifies that the organization maintains high standards in operational transparency and fiscal responsibility.
The nonprofit excels particularly in its governance, boasting 10 out of 10 points for having a majority of independent board members and an appropriate board size. Additionally, it has excellent scores in areas such as material diversion of assets, conflict of interest policy, and document retention practices. Its impressive program expense ratio of 87.45% indicates that a significant portion of its funds is directed towards its programming efforts rather than administrative costs.
However, while the financial efficiency measures, such as fundraising efficiency and liabilities to assets ratio, are strong, the rating does not reflect qualitative aspects such as the impact of its programs or beneficiary feedback. Therefore, while the charity demonstrates solid financial management, potential donors might also want to consider other factors beyond the financial score before making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Southeast Texas Inc legitimate?
Foundation For Southeast Texas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Southeast Texas 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: $72,693
Professional Fundraising Fees: $0
Other Salaries and Wages: $34,000
For more financial information, click here
Official website here: www.cfsetx.org
What is the mission statement of Foundation For Southeast Texas Inc?
The Foundation for Southeast Texas Inc's mission is centered around making a positive impact on the quality of life in the area. They achieve this by encouraging philanthropic gifts and assisting donors in achieving their charitable goals. This is done through the professional management and thoughtful distribution of donations, ensuring they are allocated in a caring and considerate manner. The organization's distributions are made to organizations that qualify under IRC Section 501 (C)(3), as per the donor's stipulations.
Official website here: www.cfsetx.org
Who is the CEO of Foundation For Southeast Texas Inc?
Mellie Bevilacqua is the Executive Di of Foundation For Southeast Texas Inc.
Official website here: www.cfsetx.org
What is the revenue of Foundation For Southeast Texas Inc?
Foundation For Southeast Texas Inc's revenue in 2022 was $2,071,618.
Official website here: www.cfsetx.org
Who are the executives of Foundation For Southeast Texas Inc and what are their salaries?
The average compensation at Foundation For Southeast Texas Inc during 2022 was $53,346. There are 2 employees at Foundation For Southeast Texas Inc.
Here are 23 key members and their salaries:
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Official website here: www.cfsetx.org
Where can I find the form 990 for Foundation For Southeast Texas Inc?
Foundation For Southeast Texas Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfsetx.org
Learn more at the official website: www.cfsetx.org
Mission Statement of Foundation For Southeast Texas Inc
The Foundation for Southeast Texas, in its mission, aims to make a considerable impact on the quality of life in the area. It accomplishes this by encouraging philanthropic gifts and assisting donors in achieving their charitable goals. The organization achieves this by offering professional management and thoughtfully distributing such gifts, all done with a caring and considerate approach. The Foundation's distributions are made to organizations that qualify under IRC Section 501(c)(3), in accordance with the donor's stipulations. In essence, the Foundation for Southeast Texas serves as a bridge, connecting generous donors with worthy causes, thereby contributing to the betterment of the community.
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Impact
July, 2024
Foundation For Southeast Texas Inc makes a positive difference in the quality of life in the area by encouraging philanthropic gifts and assisting donors in achieving their charitable goals through professional management and thoughtful distribution. Their impact is seen in the support provided to organizations qualifying under IRC Section 501(c)(3) in Beaumont, TX. Through their focus on philanthropy, they help foster a culture of giving and generosity that benefits the community at large.
This information is meant to be a general summary of Foundation For Southeast Texas 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: $737,727
- Program Service Revenue: $183,360
- Gross Receipts: $8,703,071
Assets and Liabilities:
- Total Assets: $23,720,377
- Total Liabilities: $1,897,422
- Net Assets: $21,822,955
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OFFICE RENTAL
Revenue
$183,360
Organization Details
Founding Year
1996
Phone
(409) 833-5775Principal Officer
Mellie Bevilacqua
Main Address
PO BOX 3092, BEAUMONT, TX, 777043092
Website
www.cfsetx.orgNTEE Category
Code: T20 - Philanthropy
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