Overview
What is Autonation Foundation Inc?
Autonation Foundation Inc, based in Fort Lauderdale, Florida, is a charitable organization dedicated to providing relief during disasters and supporting cancer-related causes. They demonstrate their commitment by granting funds to organizations like Memorial Foundation, Inc., The Cleveland Clinic Foundation, and The Breast Cancer Research Foundation, Inc. Their mission extends beyond providing aid to Autonation, Inc. employees and business partners in times of hardship. It also encompasses serving as a platform to collect and distribute support to cancer-related charities and organizations. This nonprofit also acts as a resource for addressing immediate needs within the Autonation communities.
Official website here: www.autonationfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (58%)
The AutoNation Foundation Inc. has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With a score of 58%, the charity's governance structure lacks independent board members, which raises questions about its oversight and decision-making processes. Furthermore, it has not provided financial statements, which is crucial for transparency and trust among donors.
On a positive note, the foundation demonstrates a strong commitment to its mission, as evidenced by a high program expense ratio of 99.67%, meaning that nearly all of its expenses are directed towards its charitable programs. Additionally, the foundation has policies in place for conflict of interest and maintains documentation of board meeting minutes, which are steps towards responsible management.
However, the absence of a whistleblower policy, document retention and destruction policy, and the failure to post tax forms on its website are notable weaknesses. These gaps in governance practices limit the foundation's overall accountability, potentially impacting stakeholder confidence. Prospective donors may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Autonation Foundation Inc legitimate?
Autonation Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Autonation 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
Official website here: www.autonationfoundation.com
What is the mission statement of Autonation Foundation Inc?
The Autonation Foundation Inc's mission is centered around providing relief in the face of disasters and hardships. This organization aims to support Autonation Inc. employees and business partners during times of need. Additionally, it serves as a platform for collecting and distributing funds to cancer-related charities and organizations. The foundation also functions as a vehicle for addressing the immediate needs of Autonation communities. As an example, it has made substantial grants to organizations like Memorial Foundation, Inc., The Cleveland Clinic Foundation, and The Breast Cancer Research Foundation, Inc., in support of cancer research.
Official website here: www.autonationfoundation.com
Who is the CEO of Autonation Foundation Inc?
Unavailable
Official website here: www.autonationfoundation.com
What is the revenue of Autonation Foundation Inc?
Autonation Foundation Inc's revenue in 2022 was $836,804.
Official website here: www.autonationfoundation.com
Who are the executives of Autonation Foundation Inc and what are their salaries?
There 21 volunteers at Autonation Foundation Inc.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.autonationfoundation.com
Where can I find the form 990 for Autonation Foundation Inc?
Autonation Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.autonationfoundation.com
Learn more at the official website: www.autonationfoundation.com
Mission Statement of Autonation Foundation Inc
The Autonation Foundation Inc is committed to providing aid in times of disaster and hardship, as well as supporting cancer-related charities and organizations. Its primary mission is to offer relief to employees and business partners of Autonation, Inc in periods of distress. Beyond this, the foundation serves as a platform for collecting and distributing funds to cancer-focused charities. In addition, the Autonation Foundation Inc functions as a means to address the immediate needs of its communities, further demonstrating its dedication to philanthropic causes. Recently, the foundation has made significant contributions to organizations such as Memorial Foundation, Inc., The Cleveland Clinic Foundation, and The Breast Cancer Research Foundation, Inc., all in support of cancer research.
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Impact
July, 2024
AutoNation Foundation Inc has a significant impact by providing disaster and community relief as well as fundraising support for cancer-related causes. The foundation has made substantial grants to organizations such as Memorial Foundation, Inc., The Cleveland Clinic Foundation, and The Breast Cancer Research Foundation, Inc. to support cancer research initiatives. Additionally, the foundation plays a crucial role in providing disaster and hardship relief to AutoNation, Inc employees and business partners. Through its efforts, AutoNation Foundation Inc serves as a vital mechanism for collecting and distributing support to cancer-related charities and organizations, as well as addressing the immediate needs of the AutoNation communities.
This information is meant to be a general summary of Autonation 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: $622
- Gross Receipts: $836,804
Assets and Liabilities:
- Total Assets: $69,521
- Total Liabilities: $0
- Net Assets: $69,521
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Organization Details
Founding Year
2017
Phone
(954) 769-7000Main Address
200 SW 1ST AVENUE FLOOR 14, FORT LAUDERDALE, FL, 333011002
Website
www.autonationfoundation.comNTEE Category
Code: P12 - Human services
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