Overview
What is Wex Cares Foundation Inc?
The Wex Cares Foundation is a charitable organization, headquartered globally, dedicated to supporting its parent company's employees who encounter hardships or are affected by qualified disasters. This nonprofit extends aid to both current and future workers of WEX, providing grants to individuals impacted by natural disasters, catastrophes, and various crises. Their mission is to offer financial assistance during challenging times, thereby demonstrating compassion and solidarity within the WEX community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
Wex Cares Foundation Inc has received a commendable four-star rating from Charity Navigator, reflecting a strong commitment to accountability and financial transparency. The charity's overall score is based entirely on its Accountability & Finance metrics, achieving a remarkable score of 94%. This high rating signifies that the organization effectively manages its resources, which is essential for donor trust and support.
The organization demonstrates key strengths in governance, with a fully independent board consisting of nine members. Additionally, there are no reported material diversions of assets, and multiple policies, including conflict of interest and whistleblower protections, are in place. The organization has a solid program expense ratio of 96.04%, indicating that a significant portion of its resources is directed towards its mission-related activities.
While Wex Cares Foundation Inc exhibits robust financial health and governance, continued transparency and engagement with stakeholders will be crucial for sustaining its positive impact and reputation. Overall, the charity's high accountability score positions it as a reliable choice for potential donors looking to support effective nonprofit initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Wex Cares Foundation Inc legitimate?
Wex Cares Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wex Cares 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
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What is the mission statement of Wex Cares Foundation Inc?
The Wex Cares Foundation's primary mission is to offer aid to current and prospective employees of WEX, globally, who have been affected by qualifying disasters or personal hardships. The foundation accomplishes this by granting funds to individuals who have suffered adversities due to natural disasters, catastrophes, or other crises. The Wex Cares Foundation's goal is to provide assistance and relief during challenging times, thereby offering a supportive network to its beneficiaries.
Who is the CEO of Wex Cares Foundation Inc?
Hilary Rapkin is the Chair, Treasurer of Wex Cares Foundation Inc.
What is the revenue of Wex Cares Foundation Inc?
Wex Cares Foundation Inc's revenue in 2022 was $35,228.
Who are the executives of Wex Cares Foundation Inc and what are their salaries?
There 9 volunteers at Wex Cares Foundation Inc.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Wex Cares Foundation Inc?
Wex Cares Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wex Cares Foundation Inc
Wex Cares Foundation, Inc., a charitable organization, is committed to providing aid to the present and future employees of WEX who have been affected by qualified disasters or personal hardships. The foundation's mission is to offer financial assistance to individuals who have been adversely impacted by natural disasters, catastrophes, and other crises. By providing grants, Wex Cares Foundation, Inc., aims to help its employees in times of need and offer them a pathway towards recovery.
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Impact
August, 2024
The impact of Wex Cares Foundation Inc is significant in providing assistance to WEX employees worldwide who have been victims of qualified disasters or personal hardships. The foundation offers grants to those affected by natural disasters, catastrophes, and other crises, helping alleviate financial burdens and providing support during difficult times. Through its work, Wex Cares Foundation Inc contributes to the well-being and resilience of WEX employees, fostering a sense of community and care within the organization.
This information is meant to be a general summary of Wex Cares 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: $6
- Gross Receipts: $35,228
Assets and Liabilities:
- Total Assets: $108,424
- Total Liabilities: $0
- Net Assets: $108,424
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Organization Details
Founding Year
2018
Phone
(207) 772-8171Principal Officer
Hilary Rapkin
Main Address
1 Hancock Street, Portland, ME, 04101
NTEE Category
Code: P60 - Human services
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