Overview
What is Seven Acres Foundation?
The Seven Acres Foundation, based in Chelan, Washington (PO Box 1732), is a nonprofit organization with a mission to enrich the quality of life in the Lake Chelan Valley. They aim to accomplish this by serving as a bridge between people, resources, and activities, fostering connections that strengthen the community. The foundation's primary objective is to accumulate funds for the construction of a Community Center at Lake Chelan. This center is expected to serve as a central hub, bringing people together and contributing to the overall well-being of the community.
Official website here: www.sevenacresfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 25%
The Seven Acres Foundation received a zero-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization struggles with a notably low score in almost all evaluated areas, particularly in board independence, financial transparency, and overall fundraising efficiency. This suggests potential issues in governance and resource management that could hinder the foundation's effectiveness.
Strengths of the organization include the presence of a conflict of interest policy, whistleblower policy, document retention policy, and the listing of its website on the tax form. However, despite these strengths, the lack of independent board members and the absence of financial statements severely undermine its credibility. The charity has a material diversion of assets rated positively, indicating no significant concerns in that area.
Limitations in the financial performance metrics are also concerning. The organization has a low program expense ratio, meaning a minimal portion of its funds are directed toward its mission. Additionally, the fundraising efficiency ratio is alarmingly low, suggesting that the cost of raising funds significantly outweighs the amount raised. Overall, these factors reflect serious shortcomings that potential donors should consider before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Seven Acres Foundation legitimate?
Seven Acres Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seven Acres 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: $92,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.sevenacresfoundation.org
What is the mission statement of Seven Acres Foundation?
The Seven Acres Foundation's mission is centered around serving as a facilitator, connecting resources, individuals, and activities in a manner that enhances the overall quality of life. One of its primary objectives is to fund and construct a Community Center. The organization continues to accumulate assets for the purpose of realizing this community project.
Official website here: www.sevenacresfoundation.org
Who is the CEO of Seven Acres Foundation?
Benjamin Williams is the Executive Dir. of Seven Acres Foundation.
Official website here: www.sevenacresfoundation.org
What is the revenue of Seven Acres Foundation?
Seven Acres Foundation's revenue in 2022 was $5,517,830.
Official website here: www.sevenacresfoundation.org
Who are the executives of Seven Acres Foundation and what are their salaries?
Here are 14 key members and their salaries:
- Compensation: $52,900
- Related: $0
- Other: $0
- Compensation: $39,600
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sevenacresfoundation.org
Where can I find the form 990 for Seven Acres Foundation?
Seven Acres Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sevenacresfoundation.org
Learn more at the official website: www.sevenacresfoundation.org
Mission Statement of Seven Acres Foundation
The Seven Acres Foundation is committed to serving as a facilitator, linking resources, individuals, and activities in a manner that enhances the overall quality of life within the Lake Chelan Valley. At its core, the foundation's mission is to raise funds and oversee the construction of a community center in this area. The organization is actively accumulating assets, with the ultimate goal of putting them towards the realization of this community center project.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Seven Acres Foundation's impact lies in its mission to fund and construct the Community Center at Lake Chelan. By serving as a hub that connects people, resources, and activities in the Lake Chelan Valley, the foundation aims to enhance the quality of life in the community. Through its ongoing accumulation of assets dedicated to building the Community Center, Seven Acres Foundation is making a tangible contribution to the city of Chelan in Washington state. Its focus on human services underscores the foundation's commitment to supporting and enriching the lives of individuals in the local community.
This information is meant to be a general summary of Seven Acres 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: $5,521,872
Assets and Liabilities:
- Total Assets: $16,411,306
- Total Liabilities: $3,582,436
- Net Assets: $12,828,870
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2018
Phone
(509) 670-9058Principal Officer
Benjamin Williams
Main Address
PO Box 1732, Chelan, WA, 98816
Website
www.sevenacresfoundation.orgNTEE Category
Code: P20 - Human services
If you are a representative of Seven Acres Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.