Overview
What is The Faris Foundation?
The Faris Foundation, situated in Sugar Land, Texas, is a nonprofit organization dedicated to improving the lives of children battling cancer. They accomplish this through three primary avenues: funding innovative and transformative research in areas with high need and significant potential impact, particularly in the field of rare cancers where mortality rates have remained stagnant for decades; providing creative arts programs at children's cancer centers, which serve as therapeutic and uplifting outlets for these young patients; and raising public awareness and engagement around childhood cancer. The Faris Foundation aims to bring brighter days and better treatments to children affected by cancer, with a total staff of three individuals working diligently towards this mission.
Official website here: www.thefarisfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars, 74%)
The Faris Foundation has received a Two-Star rating from Charity Navigator, indicating that while the organization shows promise, there are significant areas in need of improvement. The foundation excels in its culture and community engagement, scoring 100%, and demonstrates strong leadership and adaptability, also achieving a perfect score in these categories. However, its overall financial accountability score is lower at 69%, reflecting certain weaknesses in governance practices.
A notable strength of The Faris Foundation is its high program expense ratio of 89.70%, which suggests that the majority of its resources are directed towards its mission-focused activities. The organization benefits from a majority independent board, with 77% of members being independent, which can enhance governance. However, the foundation lacks several essential policies, including a conflict of interest policy and a whistleblower policy, which may pose risks to its accountability and transparency.
Despite these limitations, The Faris Foundation is proactive in engaging with its community, actively collecting and utilizing feedback to inform its strategic goals. With defined objectives related to research, art therapies, and improving public understanding of childhood cancer, the organization shows commitment to its mission. Strengthening its governance practices could help improve its overall rating and enhance its impact.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Faris Foundation?
The Faris Foundation, dedicated to supporting children with cancer through both the arts and research for cures, has received positive recognition from its early reviewers. Although the nonprofit is not yet rated on Facebook, the available feedback highlights the meaningful impact it has on its cause.
One reviewer commends the foundation's efforts, indicating it provides vital support during a crucial time, particularly noting the significance of September as childhood cancer awareness month. This suggests that the organization is actively engaged in raising awareness and making strides toward its mission.
Overall, there's a clear enthusiasm for the Faris Foundation’s initiatives, reflecting a commitment to aiding children battling cancer and fostering creativity through the arts. The positive sentiment surrounding the organization implies that it successfully aligns its goals with community needs.
This AI summary has been generated from reviews found on Facebook.
Is The Faris Foundation legitimate?
The Faris Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Faris 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: $146,738
For more financial information, click here
Official website here: www.thefarisfoundation.org
What is the mission statement of The Faris Foundation?
The Faris Foundation's mission is focused on improving the lives of children with cancer. It achieves this goal through three main areas of work: funding research, supporting creative arts programs, and raising awareness about childhood cancer. The foundation provides grants for original and transformative research in areas of high need and significant potential impact, particularly in rare cancers where mortality rates have remained stagnant for decades. Additionally, The Faris Foundation supports creative arts programs at children's cancer centers to help children cope with their illness and improve their quality of life. Lastly, the foundation engages the public in efforts to increase awareness and understanding of childhood cancer.
Official website here: www.thefarisfoundation.org
Who is the CEO of The Faris Foundation?
Asha Virani is the President of The Faris Foundation.
Official website here: www.thefarisfoundation.org
What is the revenue of The Faris Foundation?
The Faris Foundation's revenue in 2022 was $1,703,325.
Official website here: www.thefarisfoundation.org
Who are the executives of The Faris Foundation and what are their salaries?
The average compensation at The Faris Foundation during 2022 was $48,913. There are 3 employees and 68 volunteers at The Faris Foundation.
Here are 9 key members and their salaries:
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Official website here: www.thefarisfoundation.org
Where can I find the form 990 for The Faris Foundation?
The Faris Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thefarisfoundation.org
Learn more at the official website: www.thefarisfoundation.org
Mission Statement of The Faris Foundation
The Faris Foundation, a renowned organization, is dedicated to bringing brighter days and improved treatments to children battling cancer. Its mission is multifaceted, encompassing three key areas: childhood cancer research, creative arts programs at children's cancer centers, and public engagement and awareness around childhood cancer.
In the realm of childhood cancer research, The Faris Foundation provides funding for groundbreaking and transformative studies. They meticulously vet potential recipients, ensuring that the research grants are directed towards areas of high need and potential impact. The organization has a particular focus on rare cancers, where the mortality rate has remained stagnant for decades.
Beyond research, The Faris Foundation also recognizes the importance of creative arts programs in supporting children with cancer. They fund such initiatives at children's cancer centers, providing these young patients with an outlet for expression and a means to cope with their challenging circumstances.
Lastly, The Faris Foundation is committed to raising awareness and engaging the public in the fight against childhood cancer. They strive to educate people about the disease, its impact, and the ongoing efforts to find better treatments and cures.
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Impact
July, 2024
The Faris Foundation's impact is centered around bringing brighter days and better treatments to children with cancer. Through carefully vetted and funded research grants, particularly focusing on rare cancers with stagnant mortality rates, the foundation supports transformative research at Texas Children's Hospital. Additionally, they provide creative arts programs at children's cancer centers and engage the public in raising awareness about childhood cancer.
This information is meant to be a general summary of The Faris 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: $97,368
- Gross Receipts: $1,817,379
Assets and Liabilities:
- Total Assets: $4,552,759
- Total Liabilities: $137,463
- Net Assets: $4,415,296
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Organization Details
Founding Year
2019
Phone
(281) 688-4569Principal Officer
Asha Virani
Main Address
13135 DAIRY ASHFORD ROAD SUITE 560, SUGAR LAND, TX, 77478
Website
www.thefarisfoundation.orgNTEE Category
Code: G30 - Disease
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