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The Wfg Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 820557271 ✦ Cedar rapids, IA ✦ Designated as a 501(c)(3)

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Overview

What is The Wfg Foundation Inc?

The Wfg Foundation Inc, based in Cedar Rapids, Iowa, is a nonprofit organization dedicated to fostering community unity, awareness, and communication. Their mission encompasses the establishment of neighborhood enhancement programs, the promotion of educational and scholarship opportunities, and the encouragement of community togetherness. By executing these initiatives, The Wfg Foundation Inc aims to contribute positively to the development and well-being of their community.

What are the reviews and ratings of this charity?

Charity Navigator Rating: Two-Star out of Four Stars (67%)

The Wfg Foundation Inc has received a rating of "Needs Improvement" from Charity Navigator, indicating significant room for growth in its operational transparency and financial accountability. The organization scored well on certain governance aspects, with a fully independent board and a strong program expense ratio, suggesting that it prioritizes mission-related activities over administrative expenses.

However, the Foundation faces critical issues in transparency, as it has not provided financial statements or other essential governance documents such as a conflict of interest policy and a whistleblower policy. This lack of documentation has negatively impacted its overall score, reflecting a need for enhanced compliance with best practices in nonprofit governance.

Despite these concerns, the organization reports a low liabilities-to-assets ratio, which suggests financial stability. Addressing the noted deficiencies in governance documentation and enhancing transparency could improve its standing and effectiveness in serving its mission.


This AI summary has been generated from information found on Charity Navigator.

Is The Wfg Foundation Inc legitimate?

The Wfg Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Wfg 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.


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 The Wfg Foundation Inc?

The Wfg Foundation Inc's mission is centered around establishing neighborhood enhancement programs, promoting educational and scholarship opportunities, and fostering community togetherness, awareness, and intercommunication. Their activities aim to enhance local neighborhoods, provide educational and financial aid, and encourage communication and unity among community members.

Who is the CEO of The Wfg Foundation Inc?

Susan Davies is the Principal Officer of The Wfg Foundation Inc.

What is the revenue of The Wfg Foundation Inc?

The Wfg Foundation Inc's revenue in 2022 was $667,712.

Who are the executives of The Wfg Foundation Inc and what are their salaries?

There 20 volunteers at The Wfg Foundation Inc.


Here are 10 key members and their salaries:


Susan E Davies (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jun Dela Cruz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sunny Huang (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Juan Jaime (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimme Le (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Loiseau (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Penney N Ooi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Beitzel (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tim Smith (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Caryl P Shepherd (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for The Wfg Foundation Inc?

The Wfg Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of The Wfg Foundation Inc

The Wfg Foundation Inc is committed to establishing neighborhood enhancement programs, promoting educational and scholarship opportunities, and fostering community togetherness, awareness, and intercommunication. Through its mission, this organization aims to establish initiatives that enhance the local community, provide chances for education and scholarships, and foster a sense of unity and communication among its residents. The Foundation's main objective is to create a more connected and informed community, promoting opportunities for growth and development.

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Impact




July, 2024

The Wfg Foundation Inc's impact can be seen in the establishment of neighborhood enhancement programs that promote educational and scholarship opportunities, fostering community togetherness, awareness, and intercommunication. By focusing on these initiatives, The Wfg Foundation Inc is positively influencing neighborhoods in Cedar Rapids, IA, and beyond. Their efforts are not only enhancing educational opportunities but also creating a stronger sense of community, promoting awareness, and fostering connections among residents. Through their philanthropic work, The Wfg Foundation Inc is making a tangible difference in the lives of individuals and communities.




This information is meant to be a general summary of The Wfg 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.

Revenue
$667,712 (2022)
Expenses
$344,742 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $24,458
  • Gross Receipts: $672,402

Assets and Liabilities:

  • Total Assets: $1,313,179
  • Total Liabilities: $354,905
  • Net Assets: $958,274

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Organization Details

Founding Year

2002

Principal Officer

Susan Davies

Main Address

6400 C ST SW, CEDAR RAPIDS, IA, 52249

NTEE Category

Code: T30 - Philanthropy

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