Overview
What is Cedar Park Friends Foundation?
Cedar Park Friends Foundation is a community-driven organization based in the Central Texas area, comprising a diverse group of individuals. Their primary mission is to support Christian ministries and charitable organizations that aid those in need. This multi-generational group aims to strengthen their community by offering resources to religious institutions and non-profits, as well as providing direct grants and scholarships to financially stricken individuals. By doing so, they aim to foster a more compassionate and supportive society. Additional details can be found in their statement of additional information.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (52%)
The Cedar Park Friends Foundation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial management practices. The organization scored particularly low in governance areas, with no independent board members and various missing policies, which raises questions about its oversight and adherence to best practices.
While the foundation demonstrates a strong commitment to its programs, as evidenced by a high program expense ratio of 97.37%, the lack of transparency in financial reporting and absence of essential governance documents are notable shortcomings. The organization's financial statements are not available, which hampers transparency and accountability to donors and the public.
Despite some positive aspects, such as a favorable liabilities to assets ratio, the overall lack of independent oversight and missing policies detracts from the foundation's credibility. Prospective supporters should consider these factors carefully when evaluating the Cedar Park Friends Foundation.
This AI summary has been generated from information found on Charity Navigator.
Is Cedar Park Friends Foundation legitimate?
Cedar Park Friends Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cedar Park Friends 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: $26,667
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Cedar Park Friends Foundation?
The Cedar Park Friends Foundation is a community-driven organization composed of individuals from various generations in the Central Texas area. Their mission is to bolster support for those in need by channeling resources towards Christian religious ministries, charitable non-profits, and directly aiding needy individuals through grants and scholarships. The foundation aims to strengthen its community by promoting Christian values and charitable giving. They provide assistance to organizations serving the underprivileged, thereby contributing to the betterment of society.
Who is the CEO of Cedar Park Friends Foundation?
Todd Cox is the Director of Cedar Park Friends Foundation.
What is the revenue of Cedar Park Friends Foundation?
Cedar Park Friends Foundation's revenue in 2022 was $1,033,531.
Who are the executives of Cedar Park Friends Foundation and what are their salaries?
The average compensation at Cedar Park Friends Foundation during 2022 was $26,667. There is 1 employee and 6 volunteers at Cedar Park Friends Foundation.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Cedar Park Friends Foundation?
Cedar Park Friends Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cedar Park Friends Foundation
The Cedar Park Friends Foundation is a collective of community members in the Central Texas area, united by a shared mission. This grassroots organization aims to strengthen support for individuals in need by channeling resources towards Christian religious ministries, charitable non-profits, and offering direct grants and scholarships to those struggling financially. The Foundation's primary goal is to provide resources to Christian religious ministries, contributing to their ongoing work and mission. By collaborating with charitable non-profits, the Foundation extends its reach to a broader section of the community, ensuring that those in need have access to essential services. Furthermore, through direct grants and scholarships, the Cedar Park Friends Foundation directly assists financially vulnerable individuals, enabling them to overcome obstacles and improve their lives.
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Impact
July, 2024
The Cedar Park Friends Foundation's impact is significant in the Central Texas area, where it supports Christian ministry and charitable giving. This grass-roots group of community members provides resources to Christian religious ministries, charitable non-profits serving those in need, and offers direct grants and scholarships to individuals in need. Through their collaborative efforts, they aim to develop greater support for those facing challenges in the community.
This information is meant to be a general summary of Cedar Park Friends 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: $25,373
- Gross Receipts: $1,033,531
Assets and Liabilities:
- Total Assets: $1,024,799
- Total Liabilities: $2,764
- Net Assets: $1,022,035
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Organization Details
Founding Year
2017
Phone
(512) 845-7742Principal Officer
Todd Cox
Main Address
109 Spearpoint Cove, Georgetown, TX, 78628
NTEE Category
Code: X21 - Religion related
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