Overview
What is Waif Endowment Foundation?
The Waif Endowment Foundation is a nonprofit organization based in Freeland, Washington. Its primary focus is to secure long-term financial support for Whidbey Animal's Improvement Foundation (WAIF) through fundraising and asset management. This enables WAIF to maintain its capital assets and enhance its programs, ensuring the continued success of its mission to improve animal welfare. During the COVID-19 pandemic in 2022, the Foundation's activities were scaled back, but its commitment to supporting WAIF's goals remained strong.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 80%, Three-Star out of Four Star rating.
The Waif Endowment Foundation has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 80%. This rating indicates a commendable level of accountability and financial management within the organization. The score is based entirely on their performance in the Accountability & Finance category, showcasing the foundation's commitment to transparency and responsible stewardship of its resources.
Strengths highlighted include a fully independent board, with all ten members meeting the criteria for independence, and no material diversion of assets reported. The organization also scores well in its conflict of interest policy and maintains thorough documentation of board meeting minutes. Furthermore, with a low liabilities to assets ratio of 0.00% and impressive program expense ratio at 85.91%, it demonstrates a strong focus on its mission-related activities.
While the foundation's rating is generally positive, it is important for potential donors and stakeholders to consider that this score is derived solely from financial accountability metrics. There may be aspects of the organization's impact and effectiveness not captured in this rating, which could be valuable for a comprehensive assessment of its overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Waif Endowment Foundation legitimate?
Waif Endowment Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waif Endowment 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 Waif Endowment Foundation?
The Waif Endowment Foundation is dedicated to ensuring the long-term sustainability of Whidbey Animal's Improvement Foundation (WAIF). This is achieved by providing funding for the maintenance of capital assets and enhancing programs within the organization. The foundation's primary role is to support WAIF's mission in a sustained and enduring manner. In 2022, activities by the foundation were maintained at a minimum due to the ongoing COVID-19 pandemic. Overall, the Waif Endowment Foundation functions as a crucial fundraising arm for WAIF, focusing on the long-term financial stability of the organization and its vital animal welfare initiatives.
Who is the CEO of Waif Endowment Foundation?
Cynthia Wilbert is the Chairman of Waif Endowment Foundation.
What is the revenue of Waif Endowment Foundation?
Waif Endowment Foundation's revenue in 2022 was $606,658.
Who are the executives of Waif Endowment Foundation and what are their salaries?
There 8 volunteers at Waif Endowment Foundation.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Waif Endowment Foundation?
Waif Endowment Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Waif Endowment Foundation
Waif Endowment Foundation, a dedicated organization, exists to ensure the long-term sustainability of Whidbey Animal's Improvement Foundation (WAIF). Through its mission, Waif Endowment Foundation provides essential funding for the upkeep of WAIF's capital assets and supports the enhancement of its programs. The organization's primary goal is to safeguard the future of WAIF, enabling it to continue making a positive impact on animal welfare.
Despite the challenges posed by the ongoing COVID-19 pandemic in 2022, Waif Endowment Foundation remained committed to its role. By providing financial resources, it ensured that WAIF could maintain crucial operational aspects and focus on its mission. The endowment foundation's unwavering dedication to supporting WAIF's goals has been instrumental in the organization's ability to thrive and adapt during challenging times.
In summary, Waif Endowment Foundation serves as a vital partner to Whidbey Animal's Improvement Foundation. By managing funds for the long-term sustainability of the organization, it empowers WAIF to continue making improvements in animal welfare and provides essential resources for the maintenance of capital assets and the enhancement of programs.
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Impact
July, 2024
The Waif Endowment Foundation's impact can be seen in its crucial role in securing and maintaining funds for the long-term sustainability of the Whidbey Animals' Improvement Foundation (WAIF). By providing funding for the maintenance of capital assets, enhancement of programs, and overall support for WAIF's mission, the foundation has been instrumental in ensuring the continued success and impact of WAIF in serving animals in need. Despite the challenges posed by the COVID-19 pandemic in 2022, the organization has remained committed to its mission, albeit with reduced activities. Through its focus on building an endowment and supporting WAIF's essential work, the foundation is making a tangible difference in the welfare of animals in the community.
This information is meant to be a general summary of Waif Endowment 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.
- Investment Income: $3,463
- Gross Receipts: $606,658
Assets and Liabilities:
- Total Assets: $2,068,291
- Total Liabilities: $0
- Net Assets: $2,068,291
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Organization Details
Founding Year
2017
Phone
(360) 331-1207Principal Officer
Cynthia Wilbert
Main Address
PO BOX 1587, FREELAND, WA, 98249
NTEE Category
Code: D11 - Animals
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