Overview
What is Racers For Tots Inc?
Racers for Tots Inc. is a compassionate nonprofit organization situated in Carnegie, Pennsylvania. Their primary mission is to support underprivileged children by either raising funds or accepting donations of brand-new toys. These toys are then distributed through other recognized 501(c)(3) organizations, expanding their reach and impact on the community. By doing so, Racers for Tots Inc. plays an essential role in bringing joy and essential items to children in need, ultimately contributing to their well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
Racers For Tots Inc has received a low rating of 53%, indicating significant concerns regarding its accountability and financial practices. The overall score is derived solely from the Accountability & Finance beacon, which highlights areas such as governance and transparency. The absence of independent board members raises questions about its leadership structure, contributing to the overall low score.
The organization does display some strengths, such as a perfect score in program expenses, indicating that all its financial resources are directed towards its mission-related activities. Additionally, there have been no material diversions of assets reported, which suggests a level of financial integrity in that aspect.
However, various policies crucial for nonprofit governance are either missing or inadequately addressed. The lack of a conflict of interest policy, whistleblower policy, and document retention guidelines point to significant shortcomings in transparency and risk management. Furthermore, the nonprofit's website does not contain essential documents, including the tax form, which diminishes its accountability to stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Racers For Tots Inc legitimate?
Racers For Tots Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Racers For Tots 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Racers For Tots Inc?
Racers For Tots Inc is an organization dedicated to assisting needy children. Their mission is achieved by raising funds to procure new toys or accepting donations of new toys, which are then distributed through other 501(C)(3) organizations. By doing so, they aim to bring joy and relief to children in need during various occasions. The organization's activities contribute to the well-being of children by providing them with new toys, thereby enhancing their overall living conditions.
What is the revenue of Racers For Tots Inc?
Racers For Tots Inc's revenue in 2023 was $107,760.
Who are the executives of Racers For Tots Inc and what are their salaries?
There 20 volunteers at Racers For Tots Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Racers For Tots Inc?
Racers For Tots Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Racers For Tots Inc
Racers For Tots Inc is a nonprofit organization with a mission to aid needy children. They accomplish this by raising funds and collecting new toys, which are then distributed through other 501(c)(3) charitable organizations. The primary objective of Racers For Tots Inc is to bring joy and happiness to underprivileged children during holidays and special occasions by providing them with brand-new toys. By partnering with other charitable organizations, Racers For Tots Inc ensures that their resources reach a wider pool of children in need, thereby maximizing their impact on the community.
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Impact
August, 2024
Racers For Tots Inc's impact can be seen in its dedicated efforts to provide assistance to needy children. By raising funds to purchase new toys or accepting donations of new toys, this organization ensures that children in need receive the joy and comfort of playthings. Through partnerships with other 501(c)(3) organizations, Racers For Tots Inc effectively distributes these toys to those who can benefit from them the most. By focusing on philanthropy and the well-being of children, Racers For Tots Inc makes a tangible difference in the lives of those facing challenging circumstances.
This information is meant to be a general summary of Racers For Tots 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 2023.
- Investment Income: $6
- Gross Receipts: $107,760
Assets and Liabilities:
- Total Assets: $36,362
- Total Liabilities: $0
- Net Assets: $36,362
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Organization Details
Founding Year
2016
Principal Officer
James Huff
NTEE Category
Code: T50 - Philanthropy
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