Overview
What is Raise A Glass Foundation Inc?
Raise A Glass Foundation Inc, based in Webster, New York, is a nonprofit organization distinguished by its unique mission. They collect and generously donate an impressive assortment of award-winning wine, beer, and spirits to various charities. These valuable assets serve as the foundation for the charities' fundraising events, such as galas, dinners, auctions, and other functions. By doing so, Raise A Glass Foundation Inc plays a significant role in supporting these deserving organizations, contributing to their financial success and, ultimately, their ability to make a positive impact.
Official website here: www.raiseaglassfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Raise A Glass Foundation Inc has achieved an 83% rating, indicating a solid level of accountability and financial health. With a perfect score for independent board members and no material diversion of assets, it demonstrates a commitment to transparency and governance. The high program expense ratio of 91.61% suggests that a significant portion of its resources is directed towards its mission-driven activities.
Despite these strengths, there are notable limitations in the foundation’s practices. The absence of a whistleblower policy and a document retention and destruction policy indicates areas where the organization could enhance its operational transparency and governance. These gaps may raise concerns about the overall integrity of its internal processes.
In summary, while Raise A Glass Foundation Inc exhibits strong financial performance and governance structures, addressing the missing policies could further strengthen its accountability framework. The organization continues to be a worthwhile consideration for donors looking for impact-driven initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Raise A Glass Foundation Inc legitimate?
Raise A Glass Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Raise A Glass Foundation 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.
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.raiseaglassfoundation.com
What is the mission statement of Raise A Glass Foundation Inc?
Raise A Glass Foundation Inc's mission revolves around collecting and donating a substantial number of prestigious bottles of wine, beer, and spirits to deserving charities. They utilize these assets in various fundraising events such as galas, dinners, auctions, and other functions to raise significant funds for these charitable organizations. The foundation's primary goal is to aid these charities in their noble causes.
Official website here: www.raiseaglassfoundation.com
What is the revenue of Raise A Glass Foundation Inc?
Raise A Glass Foundation Inc's revenue in 2024 was $202,706.
Official website here: www.raiseaglassfoundation.com
Who are the executives of Raise A Glass Foundation Inc and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.raiseaglassfoundation.com
Where can I find the form 990 for Raise A Glass Foundation Inc?
Raise A Glass Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.raiseaglassfoundation.com
Learn more at the official website: www.raiseaglassfoundation.com
Mission Statement of Raise A Glass Foundation Inc
Raise A Glass Foundation Inc is dedicated to making a significant impact by collecting and donating a vast array of premium alcoholic beverages, including award-winning wines, beers, and spirits. This nonprofit organization utilizes these valuable assets in various fundraising events such as galas, dinners, auctions, and other functions. By doing so, Raise A Glass Foundation Inc raises substantial funds for deserving charities, contributing to their ongoing efforts to support numerous causes and communities.
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Impact
October, 2024
Raise A Glass Foundation Inc significantly impacts the community by collecting and donating thousands of award-winning bottles of wine, beer, and spirits to deserving charities. These valuable assets enhance fundraising events such as galas, dinners, auctions, and more, allowing charities to maximize their efforts and resources. Through these contributions, the foundation fosters community improvement and supports various charitable initiatives, creating a ripple effect that benefits those in need. By transforming high-quality products into opportunities for fundraising, Raise A Glass Foundation Inc plays a vital role in supporting the missions of different organizations within the community.
This information is meant to be a general summary of Raise A Glass Foundation 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 2024.
- Program Service Revenue: $179,816
- Gross Receipts: $202,706
Assets and Liabilities:
- Total Assets: $91,030
- Total Liabilities: $45,178
- Net Assets: $45,852
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Competition
Revenue
$107,816
Product Donations
Revenue
$72,000
Organization Details
Founding Year
2016
Principal Officer
Ronald Dougherty
NTEE Category
Code: S12 - Community improvement
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