Overview
What is Class Of 89' Mustang Open Charitable Foundation?
The Class Of 89' Mustang Open Charitable Foundation is a nonprofit organization situated in Lubbock, Texas, specifically at 5109 82ND STREET SUITE 7 1175. Their primary mission involves providing financial assistance to Coronado High School's athletic department in Lubbock, enabling numerous hungry students to gain access to nutritional drinks and supplements. Additionally, they contribute to local charities in Lubbock, extending aid to limited-income individuals and families. By offering donation funds, the foundation supports the athletic department and the local community, contributing to the well-being of the students and the community at large.
Official website here: www.classof89mustangopen.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
The Class Of 89' Mustang Open Charitable Foundation has achieved a 77% rating, which reflects a solid level of accountability and financial health. This score is derived entirely from their accountability and finance metrics, indicating a strong focus on responsible management of resources. The absence of material diversion of assets and a high score on policies such as conflict of interest and whistleblower protections contribute positively to their rating.
Strengths of the organization include a commendable program expense ratio of 78.40%, meaning a significant portion of funds is directed towards their mission-related activities. Their financial practices are further supported by a favorable liabilities to assets ratio of 0.00%, showcasing their stable financial position. Additionally, the organization demonstrates transparency by making key documents, such as board meeting minutes, readily available.
However, while the accountability score is strong, there may be areas for improvement in other categories that could enhance their overall rating. Continued efforts in outreach, program expansion, or service delivery could help elevate their performance in future evaluations. Overall, the Class Of 89' Mustang Open Charitable Foundation appears to be a reliable organization with sound financial practices, dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Class Of 89' Mustang Open Charitable Foundation legitimate?
Class Of 89' Mustang Open Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Class Of 89' Mustang Open Charitable 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
Official website here: www.classof89mustangopen.com
What is the mission statement of Class Of 89' Mustang Open Charitable Foundation?
The Class Of 89' Mustang Open Charitable Foundation aims to provide financial assistance, specifically in the form of donations. These funds are primarily allocated to Coronado High School's athletic department in Lubbock, Texas, enhancing the opportunities for numerous students. Additionally, the foundation extends its charitable efforts to local families and individuals with limited income in Lubbock, providing essential support. By doing so, the Class Of 89' Mustang Open Charitable Foundation contributes to improving the nutritional well-being of hungry students by providing nutritional drinks and supplements, and also assists with the procurement of equipment, shoes, and uniforms.
Official website here: www.classof89mustangopen.com
Who is the CEO of Class Of 89' Mustang Open Charitable Foundation?
Mark A Albares is the Chair of Class Of 89' Mustang Open Charitable Foundation.
Official website here: www.classof89mustangopen.com
What is the revenue of Class Of 89' Mustang Open Charitable Foundation?
Class Of 89' Mustang Open Charitable Foundation's revenue in 2021 was $4,516.
Official website here: www.classof89mustangopen.com
Who are the executives of Class Of 89' Mustang Open Charitable 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
Official website here: www.classof89mustangopen.com
Where can I find the form 990 for Class Of 89' Mustang Open Charitable Foundation?
Class Of 89' Mustang Open Charitable Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.classof89mustangopen.com
Learn more at the official website: www.classof89mustangopen.com
Mission Statement of Class Of 89' Mustang Open Charitable Foundation
The Class Of 89' Mustang Open Charitable Foundation is an organization committed to providing financial aid. Its mission is twofold: firstly, it supports Coronado High School in Lubbock, Texas, by providing funds for their athletic department. This assistance allows numerous students who may be struggling with hunger to receive nutritional drinks and supplements. Secondly, the foundation extends its generosity to local charities in Lubbock, Texas, specifically aimed at assisting limited income individuals and families. By offering donation funds, this nonprofit organization actively contributes to the well-being of the community, ensuring that those in need have access to essential resources.
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Impact
August, 2024
The Class Of 89' Mustang Open Charitable Foundation has a significant impact on the community of Lubbock, Texas. By providing donation funds to Coronado High School for the athletic department, the foundation ensures that numerous students in need receive essential nutritional drinks and supplements. Additionally, the funds contribute towards covering equipment, shoes, and uniforms, making it possible for these students to fully participate in sports and extracurricular activities. Moreover, the foundation extends its support to local charities in Lubbock, benefiting limited-income individuals and families with much-needed assistance. Through these efforts, the foundation plays a crucial role in supporting education and fostering community well-being in Lubbock.
This information is meant to be a general summary of Class Of 89' Mustang Open Charitable 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 2021.
- Gross Receipts: $4,516
Assets and Liabilities:
- Total Assets: $24,496
- Total Liabilities: $0
- Net Assets: $24,496
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Organization Details
Founding Year
2013
Phone
(817) 798-4896Principal Officer
Mark A Albares
Main Address
5109 82ND STREET SUITE 7 1175, LUBBOCK, TX, 79424
Website
www.classof89mustangopen.comNTEE Category
Code: B12 - Education
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