Overview
What is Y12 Fcu Gives Foundation Inc?
Y12 Fcu Gives Foundation Inc, located in Oak Ridge, Tennessee, is a charitable organization established by Y-12 Federal Credit Union's employees. Their aim is to contribute to the betterment of their local communities by offering opportunities for service and partnering with causes they support. The mission of this foundation encompasses three key areas: enhancing educational initiatives, improving health and wellness, and acting as a prompt responder to emerging community needs.
Official website here: www.y12fcu.org/givesfoundation/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
Y12 FCU Gives Foundation Inc has received a solid Three-Star rating from Charity Navigator, indicating a good level of accountability and financial management. This rating is derived entirely from its Accountability & Finance beacon, reflecting the organization’s commitment to transparency and responsible stewardship of its funds. The fiscal year 2023 data demonstrates a strong performance in several key areas, including a flawless score for having a majority of independent board members and no material diversion of assets.
The foundation excels in its program expense ratio, boasting an impressive 99.29%, which suggests that nearly all funds are allocated to its programs rather than administrative costs. Its independent board structure, with all members being independent, further signifies a commitment to governance best practices. However, the organization has some weaknesses, as it lacks critical policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which were rated poorly in the evaluation.
While Y12 FCU Gives Foundation Inc demonstrates a strong commitment to financial accountability, the absence of certain governance policies may be a concern for some potential donors. Overall, the organization is making effective use of its resources, but enhancing its policy framework could further strengthen its reputation and trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Y12 Fcu Gives Foundation Inc legitimate?
Y12 Fcu Gives Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Y12 Fcu Gives 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:
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For more financial information, click here
Official website here: www.y12fcu.org/givesfoundation/
What is the mission statement of Y12 Fcu Gives Foundation Inc?
The Y12 Fcu Gives Foundation Inc's mission is centered around enhancing and supporting educational initiatives, improving health and wellness, and acting as a first responder to emerging community needs. The foundation aims to provide its employees with opportunities to contribute to the communities they reside in and collaborate with organizations and causes that align with their beliefs.
Official website here: www.y12fcu.org/givesfoundation/
Who is the CEO of Y12 Fcu Gives Foundation Inc?
Charlie Mcadams is the Chair of Y12 Fcu Gives Foundation Inc.
Official website here: www.y12fcu.org/givesfoundation/
What is the revenue of Y12 Fcu Gives Foundation Inc?
Y12 Fcu Gives Foundation Inc's revenue in 2022 was $741,429.
Official website here: www.y12fcu.org/givesfoundation/
Who are the executives of Y12 Fcu Gives Foundation Inc and what are their salaries?
Here are 14 key members and their salaries:
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Official website here: www.y12fcu.org/givesfoundation/
Where can I find the form 990 for Y12 Fcu Gives Foundation Inc?
Y12 Fcu Gives Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.y12fcu.org/givesfoundation/
Learn more at the official website: www.y12fcu.org/givesfoundation/
Mission Statement of Y12 Fcu Gives Foundation Inc
Y12 Fcu Gives Foundation Inc is dedicated to enhancing and supporting educational initiatives, improving health and wellness, and serving as a first responder to emerging community needs. The foundation's mission is to provide its employees with opportunities to contribute to the communities they reside in, and to collaborate with organizations and causes that align with its beliefs. By focusing on these areas, Y12 Fcu Gives Foundation Inc aims to make a positive impact in various aspects of community life.
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Impact
July, 2024
Y12 Fcu Gives Foundation Inc's impact is seen through its dedication to enhancing and supporting educational initiatives, improving health and wellness, and being a first responder to emerging community needs. By providing opportunities for employees to serve the communities in which they live and partnering with organizations and causes they believe in, the foundation plays a crucial role in making a positive difference in Oak Ridge, TN. Their philanthropic efforts contribute to a stronger community fabric and a brighter future for those they serve.
This information is meant to be a general summary of Y12 Fcu Gives 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 2022.
- Investment Income: $11
- Gross Receipts: $766,224
Assets and Liabilities:
- Total Assets: $335,391
- Total Liabilities: $0
- Net Assets: $335,391
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Organization Details
Founding Year
2017
Phone
(865) 333-6861Principal Officer
Charlie Mcadams
Main Address
501 LAFAYETTE DR, OAK RIDGE, TN, 37830
NTEE Category
Code: T30 - Philanthropy
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