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Anrak Charitable Foundation

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

EIN: 823016417 ✦ Sacramento, CA ✦ Designated as a 501(c)(3)

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Overview

What is Anrak Charitable Foundation?

Anrak Charitable Foundation is a nonprofit organization situated in Sacramento, California. Their primary mission is to bring joy to underprivileged children and families within the Northern California region. They achieve this by raising funds through annual events, such as a cornhole tournament, and distributing grants to local organizations that focus on supporting disadvantaged children and families. By doing so, the foundation aims to contribute positively to the well-being of these communities.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 80% (Three-Star out of Four Star rating)

The Anrak Charitable Foundation has achieved a solid Three-Star rating from Charity Navigator, reflecting strong performance in Accountability and Finance with an overall score of 80%. This rating is derived from a comprehensive assessment that emphasizes the charity's commitment to transparency and responsible financial management. The high score in Accountability & Finance indicates a well-structured organization with sound governance practices.

The foundation boasts a fully independent board, consisting of four members, which enhances its credibility and ensures unbiased decision-making. It has also demonstrated compliance in important areas such as conflict of interest policies and maintaining thorough documentation of board meeting minutes. Notably, the organization has no material diversion of assets, which further reflects its integrity and commitment to its mission.

While the foundation shows strengths in financial health with an impressive program expense ratio of 82.36%, indicating that a substantial portion of its resources goes directly to its programs, it is essential for potential donors to remain aware of any evolving factors in nonprofit operations over time. Overall, Anrak Charitable Foundation presents itself as a trustworthy option for those looking to support charitable efforts.


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

Is Anrak Charitable Foundation legitimate?

Anrak Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anrak Charitable 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 Anrak Charitable Foundation?

The Anrak Charitable Foundation's mission is centered around bringing joy to disadvantaged children and their families in various communities within Northern California. This mission is carried out through the organization's activities, as it raises funds to grant support to organizations that cater to the needs of these disadvantaged individuals. By doing so, the Anrak Charitable Foundation aims to bring happiness and aid to these families, enhancing their quality of life.

Who is the CEO of Anrak Charitable Foundation?

Mark Anderson is the President of Anrak Charitable Foundation.

What is the revenue of Anrak Charitable Foundation?

Anrak Charitable Foundation's revenue in 2022 was $457,089.

Who are the executives of Anrak Charitable Foundation and what are their salaries?

There 100 volunteers at Anrak Charitable Foundation.


Here are 4 key members and their salaries:


Mark Anderson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Schmidt (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christopher Anderson (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jenny Saechao (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Anrak Charitable Foundation?

Anrak Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Anrak Charitable Foundation

Anrak Charitable Foundation, a nonprofit organization, is committed to bringing joy to disadvantaged children and families in the Northern California region. Their mission is to support organizations that provide assistance to these vulnerable groups, utilizing funds raised from their annual cornhole fundraiser. The foundation aims to contribute positively to the lives of disadvantaged children and families, bringing a sense of happiness and well-being to their communities.

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Impact




July, 2024

Anrak Charitable Foundation brings joy to disadvantaged children and families throughout the Northern California region by providing grants to organizations that support their needs. Through the annual cornhole fundraiser, the foundation raises funds to make a positive impact in the community. Their mission to bring joy to those in need aligns with their tag of "Youth development," making a significant difference in the lives of many individuals in Sacramento, California, and beyond.




This information is meant to be a general summary of Anrak Charitable 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.

Revenue
$457,089 (2022)
Expenses
$362,461 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $996
  • Gross Receipts: $709,078

Assets and Liabilities:

  • Total Assets: $309,431
  • Total Liabilities: $0
  • Net Assets: $309,431

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Organization Details

Founding Year

2017

Principal Officer

Mark Anderson

Main Address

5820 MAYHEW ROAD, SACRAMENTO, CA, 95827

NTEE Category

Code: O99 - Youth development

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