Overview
What is Rush Enterprises Foundation?
Rush Enterprises Foundation is a charitable organization that supports the employees of Rush Enterprises, Inc., offering financial aid during unexpected hardships. This assistance can range from property damage due to fire or natural disasters, the death of an immediate family member, excessive medical expenses, or loss of income due to illness or injury. The foundation also provides scholarships to the children of employees facing financial difficulties to continue their education. In addition to supporting its own workforce, the foundation collaborates with and may donate funds to other non-profit organizations solely focused on charitable and scholarship purposes. Based in New Braunfels, Texas, the foundation's primary mission is to provide financial relief to employees in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (60%)
Rush Enterprises Foundation received a "Needs Improvement" rating from Charity Navigator, indicating that there are significant areas for enhancement within the organization. The foundation's accountability and finance score stands at 60%, reflecting potential governance and transparency issues, notably the lack of independent board members and the absence of key policies such as a whistleblower policy and document retention guidelines.
On the positive side, Rush Enterprises Foundation demonstrates strong financial health, with a 100% program expense ratio and no liabilities, which suggests that all funding is directed towards its programs. Additionally, there are no reported material diversions of assets, indicating responsible management of resources. However, the absence of independent oversight and missing transparency documents may raise concerns among potential donors and stakeholders.
Overall, while Rush Enterprises Foundation shows commitment towards its mission through effective program spending, improvements in governance practices and transparency are necessary to enhance its credibility and operational integrity. Engaging more independent board members and establishing missing policies would likely strengthen the foundation's overall accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Rush Enterprises Foundation legitimate?
Rush Enterprises Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rush Enterprises 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 Rush Enterprises Foundation?
The Rush Enterprises Foundation's mission is to offer financial assistance to employees of Rush Enterprises, Inc. who are facing unexpected hardships. These challenges can include property damage due to natural disasters or fires, the death of an immediate family member, excessive medical expenses, or loss of income due to illness or injury. Additionally, the foundation provides scholarships to the children of employees who demonstrate financial need to continue their education. The organization also collaborates with and may donate funds to other non-profit organizations that operate solely for charitable and scholarship purposes.
Who is the CEO of Rush Enterprises Foundation?
Jay Haselwood is the Director of Rush Enterprises Foundation.
What is the revenue of Rush Enterprises Foundation?
Rush Enterprises Foundation's revenue in 2022 was $187,481.
Who are the executives of Rush Enterprises Foundation and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $843,792
- Other: $0
- Compensation: $0
- Related: $2,813,234
- Other: $0
- Compensation: $0
- Related: $2,583,829
- Other: $0
- Compensation: $0
- Related: $904,916
- Other: $0
- Compensation: $0
- Related: $1,900,571
- Other: $0
Where can I find the form 990 for Rush Enterprises Foundation?
Rush Enterprises Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rush Enterprises Foundation
The Rush Enterprises Foundation is a charitable organization that aims to provide financial assistance to employees of Rush Enterprises, Inc. who encounter unexpected hardships. This support can take various forms, such as helping to cover property damage caused by natural disasters or fires, paying for medical expenses that exceed the individual's means, or offering aid in the event of a family member's death or an employee's own illness or injury leading to loss of income.
Moreover, the foundation extends its generosity to the children of Rush Enterprises' employees by offering scholarships to those who demonstrate financial need. This initiative enables these young individuals to continue their education without being financially burdened. Additionally, the Rush Enterprises Foundation collaborates with and may donate funds to other non-profit organizations that exclusively operate for charitable and scholarship purposes.
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Impact
October, 2024
Rush Enterprises Foundation significantly impacts the lives of employees facing unforeseen hardships. By providing essential financial support, the foundation assists individuals dealing with personal crises, including property loss due to fire or natural disasters, the death of family members, excessive medical expenses, or income loss from illness or injury. This support helps alleviate immediate financial burdens and aids employees in navigating through difficult times.
Additionally, the foundation invests in the future of employees' families by offering scholarships to children demonstrating financial need. This commitment to education ensures that the next generation has the opportunity to continue their studies and achieve their academic goals, further strengthening the community.
In collaboration with other charitable organizations, Rush Enterprises Foundation expands its reach and impact, embodying a dedication to philanthropy that uplifts not just employees, but also their families, fostering resilience and hope in challenging circumstances.
This information is meant to be a general summary of Rush Enterprises 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: $187,481
Assets and Liabilities:
- Total Assets: $200,916
- Total Liabilities: $0
- Net Assets: $200,916
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Organization Details
Founding Year
2016
Phone
(830) 626-5305Principal Officer
Jay Haselwood
Main Address
555 SOUTH IH-35 500, NEW BRAUNFELS, TX, 78130
NTEE Category
Code: T21 - Philanthropy
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