Overview
What is Wbs Charity Corporation?
Wbs Charity Corporation is a nonprofit organization, situated in Houston, Texas, specifically at 1703 Westfield Loop Road. Its primary mission is to offer financial aid to past, present, and future employees of Wisenbaker Builder Services Inc. (WBS) who encounter personal emergencies or face hardships due to unforeseen circumstances, such as medical expenses, family tragedies, or unexpected absences. In addition, the corporation extends its support during natural disasters, like hurricanes, tornadoes, or flooding, to help WBS employees in need. The corporation operates as a nonstock, nonprofit entity, dedicated to providing charitable assistance to its associated workforce in times of crisis.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Star Rating)
Wbs Charity Corporation has received a Two-Star rating from Charity Navigator, reflecting a score of 71%. This rating indicates that while the organization demonstrates some strengths in accountability and finance, there are significant areas needing improvement. Specifically, the charity scored well in having a fully independent board and maintaining no material diversion of assets, which are critical indicators of effective governance.
The organization excels in its program expense ratio, allocating 99.50% of its resources directly to programs, which suggests a strong commitment to its mission. However, the absence of a whistleblower policy and a document retention and destruction policy are notable weaknesses. These omissions may pose risks to transparency and accountability in the long term.
Overall, while Wbs Charity Corporation shows promise in financial management and governance structure, the lack of certain key policies could impact stakeholder confidence. Addressing these gaps would enhance its overall rating and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Wbs Charity Corporation legitimate?
Wbs Charity Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wbs Charity Corporation 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.
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What is the mission statement of Wbs Charity Corporation?
Wbs Charity Corporation is a nonprofit organization established with the primary mission of providing financial assistance to past, present, and future employees of Wisenbaker Builder Services Inc. (WBS) who find themselves in distress or require aid due to personal or family emergencies, natural disasters such as floods, hurricanes, or tornadoes, or similar events. The corporation's purpose is solely charitable, aiming to offer support during challenging times.
Who is the CEO of Wbs Charity Corporation?
Mandi Gilstrap is the Director/President of Wbs Charity Corporation.
What is the revenue of Wbs Charity Corporation?
Wbs Charity Corporation's revenue in 2022 was $619,096.
Who are the executives of Wbs Charity Corporation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Wbs Charity Corporation?
Wbs Charity Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wbs Charity Corporation
Wbs Charity Corporation, a nonstock, nonprofit organization, is established with a charitable purpose. Its mission is centered around providing financial aid to past, present, and future employees of Wisenbaker Builder Services Inc. (WBS) who find themselves in distress or require assistance due to various personal and family emergencies, natural disasters such as hurricanes, tornadoes, or floods, or similar events. The corporation aims to offer a helping hand during challenging times, ensuring the well-being of those connected to WBS.
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Impact
July, 2024
Wbs Charity Corporation's impact is profound and direct, providing crucial financial assistance to past, current, and future employees of Wisenbaker Builder Services Inc. during times of distress or need. By offering support for personal emergencies such as unforeseen medical expenses, costs related to unexpected family tragedies, or financial burdens resulting from medical issues, Wbs Charity Corporation plays a vital role in alleviating the hardships faced by individuals within the Wisenbaker community. This targeted aid ensures that employees facing crises can receive timely assistance, highlighting the organization's commitment to upholding the well-being of its workforce.
This information is meant to be a general summary of Wbs Charity Corporation. 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.
- Gross Receipts: $695,987
Assets and Liabilities:
- Total Assets: $653,872
- Total Liabilities: $0
- Net Assets: $653,872
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Organization Details
Founding Year
2016
Phone
(281) 233-4000Principal Officer
Mandi Gilstrap
Main Address
1703 WESTFIELD LOOP RD, HOUSTON, TX, 77073
NTEE Category
Code: P20 - Human services
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