Overview
What is Sti Cares Foundation?
The Sti Cares Foundation, situated in Daniel Island, South Carolina, is a charitable organization with a mission to better the lives of students and families within their community. They achieve this goal by offering grants to eligible tax-exempt organizations under section 501(c)3. These grants can take the form of matching contributions or organic donations from Sti Cares itself. The foundation actively raises funds for these charitable causes, utilizing the proceeds to provide scholarships for graduating high school students, make charitable gifts to non-profit corporations, and offer emergency financial assistance during times of hardship. In essence, Sti Cares Foundation is dedicated to driving positive change and supporting those in need within their local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars
The Sti Cares Foundation currently holds a Zero-Star out of Four Star rating from Charity Navigator, reflecting a low overall score of 40%. This rating is derived solely from its Accountability & Finance assessment, where the organization scored well in governance aspects, such as having a majority of independent board members and maintaining a conflict of interest policy. However, significant deficiencies in financial management, indicated by a poor liabilities-to-assets ratio and a low program expense ratio, have substantially impacted its rating.
While the foundation demonstrates strong governance practices, the financial metrics raise concerns about its operational efficiency and sustainability. Specifically, the organization spends a limited percentage of its resources on programs, which suggests challenges in effectively utilizing funding to fulfill its mission. This aspect is critical for potential donors and supporters to consider when evaluating the foundation's impact.
Overall, while Sti Cares Foundation has solid governance practices in place, the financial management issues highlighted by its low scores warrant caution and further scrutiny regarding its effectiveness in serving its intended mission.
This AI summary has been generated from information found on Charity Navigator.
Is Sti Cares Foundation legitimate?
Sti Cares Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sti Cares 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
What is the mission statement of Sti Cares Foundation?
The Sti Cares Foundation is dedicated to inducing positive change in local communities. Their mission encompasses providing scholarships for high school graduates, offering charitable contributions to tax-exempt corporations, and offering emergency relief during periods of hardship. The foundation also grants funds to charitable organizations that share their objective of enhancing the lives of students and families within their communities. These grants can take the form of matching gifts or direct contributions from Sti Cares itself.
Who is the CEO of Sti Cares Foundation?
Kelly M Engelbert is the Executive Director of Sti Cares Foundation.
What is the revenue of Sti Cares Foundation?
Sti Cares Foundation's revenue in 2022 was $145,181.
Who are the executives of Sti Cares Foundation and what are their salaries?
Here are 5 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
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Sti Cares Foundation?
Sti Cares Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Sti Cares Foundation
STI Cares Foundation, a charitable organization, is dedicated to making a difference in local communities. Its mission is threefold: firstly, it offers scholarships to graduating high school students who may be in financial need. Secondly, it provides charitable gifts to tax-exempt corporations that share its vision of enhancing the lives of students and families. Lastly, STI Cares Foundation extends emergency hardship relief to individuals and organizations in need. The foundation achieves these goals through charitable fundraising activities, with a portion of the proceeds being allocated as matching grants and organic contributions to eligible organizations. By supporting education, non-profit organizations, and those facing hardships, STI Cares Foundation strives to create a positive impact in its communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Sti Cares Foundation plays a vital role in enhancing the lives of students and families within local communities. Through its charitable fundraising activities, the foundation generates crucial funds that are directed toward scholarships for graduating high school students, providing them with opportunities to pursue higher education. Additionally, it offers emergency hardship relief to families in need, ensuring that those facing unexpected challenges receive timely support.
The foundation's commitment extends to granting funds to tax-exempt organizations that share its mission of improving community well-being. By providing matching gifts and organic contributions, Sti Cares collaborates with various charitable organizations to amplify their impact, fostering a network of support that addresses diverse community needs.
Operating out of Daniel Island, SC, Sti Cares Foundation embodies a commitment to philanthropy, driving positive change and enhancing the quality of life for individuals and families in its communities. Its focus on education, relief, and community enrichment makes it a cornerstone for those seeking assistance and a brighter future.
This information is meant to be a general summary of Sti Cares 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 2022.
- Gross Receipts: $145,181
Assets and Liabilities:
- Total Assets: $20,634
- Total Liabilities: $2,880
- Net Assets: $17,754
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2016
Phone
(843) 810-7246Principal Officer
Kelly M Engelbert
Main Address
295 SEVEN FARMS DRIVE C 169, DANIEL ISLAND, SC, 294928001
NTEE Category
Code: T30 - Philanthropy
If you are a representative of Sti Cares Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.