Overview
What is Davidson Nicely Associate Assistance Fund?
The Davidson Nicely Associate Assistance Fund is a nonprofit organization, specifically established to offer emergency financial aid and disaster relief to employees of GEICO who encounter temporary financial hardships due to unforeseen circumstances beyond their control. These circumstances include disasters, serious illness or injury, death, military deployment, and domestic violence. The fund's mission is to provide immediate financial support during these challenging times, with a maximum grant assistance of $25,000 per associate within a 12-month period. The organization operates with a compassionate goal to alleviate the financial burden faced by GEICO associates and their families during such emergencies.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating. The Davidson Nicely Associate Assistance Fund has received a modest rating reflecting some strengths in financial management and program expenses, but significant concerns regarding governance and transparency. With a program expense ratio of 94.45%, the organization demonstrates a strong commitment to utilizing funds for its intended charitable purposes.
However, the lack of independent board members and missing components such as a whistleblower policy, conflict of interest policy, and document retention practices indicate a need for improvement in governance and accountability. The absence of a listed website on the tax form and failure to post financial documents on its website further detracts from the organization’s transparency.
Overall, while Davidson Nicely Associate Assistance Fund shows promise in directing funds towards its programs, there are notable gaps in its governance and operational transparency that potential donors may want to consider before contributing. Addressing these issues could enhance the organization's credibility and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Davidson Nicely Associate Assistance Fund legitimate?
Davidson Nicely Associate Assistance Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Davidson Nicely Associate Assistance Fund 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 Davidson Nicely Associate Assistance Fund?
The Davidson Nicely Associate Assistance Fund's mission is centered around providing immediate financial aid to Geico associates and their families during times of disaster and unexpected economic hardship events. This non-profit organization offers emergency assistance and disaster relief to Geico employees, offering relief in the event of a catastrophic situation that has led to temporary financial hardship not covered by insurance or other resources. Qualifying events must be beyond the associate's control and fall into categories such as disasters, serious illness or injury, death, military deployment, or domestic violence. The fund provides grant assistance, limited to $25,000 per associate within a 12-month rolling period.
Who is the CEO of Davidson Nicely Associate Assistance Fund?
Amy Wolfe is the President of Davidson Nicely Associate Assistance Fund.
What is the revenue of Davidson Nicely Associate Assistance Fund?
Davidson Nicely Associate Assistance Fund's revenue in 2022 was $516,950.
Who are the executives of Davidson Nicely Associate Assistance Fund and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Davidson Nicely Associate Assistance Fund?
Davidson Nicely Associate Assistance Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Davidson Nicely Associate Assistance Fund
The Davidson Nicely Associate Assistance Fund is an organization dedicated to providing immediate financial aid to Geico associates and their families during times of disaster and unexpected emergency economic hardship events. Its mission is to offer financial support in the form of grants to help alleviate temporary financial distress caused by sudden and unforeseen occurrences. These events must create a pressing and non-recurring financial need for a Geico associate, and they must have occurred within the past nine months and been beyond the associate's control. Qualifying events fall under several categories, including disasters, serious illness or injury, death, military deployment, and domestic violence. The grant assistance provided by the Davidson Nicely Associate Assistance Fund is limited to $25,000 per associate within a rolling 12-month period.
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Impact
July, 2024
Davidson Nicely Associate Assistance Fund has a significant impact on GEICO associates and their families by providing immediate financial support during times of disaster and unexpected economic hardship events. The organization's grant program offers emergency assistance and disaster relief to GEICO employees facing temporary financial challenges that are not covered by insurance or other resources. This assistance is crucial in helping associates deal with sudden and unexpected occurrences such as disasters, serious illness or injury, death, military deployment, and domestic violence. The fund's support, which is limited to $25,000 per associate in a rolling 12-month period, plays a vital role in helping those in need within the GEICO community to navigate through difficult times and rebuild their lives.
This information is meant to be a general summary of Davidson Nicely Associate Assistance Fund. 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.
- Investment Income: $424,364
- Gross Receipts: $1,365,193
Assets and Liabilities:
- Total Assets: $43,229,549
- Total Liabilities: $76,098
- Net Assets: $43,153,451
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Organization Details
Founding Year
2016
Phone
(240) 541-6023Principal Officer
Amy Wolfe
Main Address
5260 WESTERN AVENUE, CHEVY CHASE, MD, 20815
NTEE Category
Code: T30 - Philanthropy
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