Overview
What is Five Points Charitable Foundation Inc?
Five Points Charitable Foundation Inc, based in Birmingham, Alabama, is a nonprofit organization devoted to supporting education by offering scholarship assistance. This aid is extended to members, affiliated chapters, and students across Alabama who aspire to pursue their higher education at colleges and universities within the state. The foundation's primary mission is to foster academic growth and opportunities for its local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 74%)
The Five Points Charitable Foundation Inc has received a Two-Star rating, indicating that while there are strengths in its program expense management, there are significant areas needing improvement, particularly in governance. The organization has a perfect program expense ratio of 100%, suggesting that all its expenses are directed towards its mission-related programs. However, the lack of independent board members and the absence of a publicly listed website further highlight weaknesses in governance and transparency.
The foundation has implemented several important policies, such as a conflict of interest policy, a whistleblower policy, and document retention procedures, which contribute positively to its accountability. However, the missing tax form on its website and the lack of independent oversight are critical gaps that could undermine public trust. Additionally, while there are no material diversions of assets noted, the complete absence of independent board members raises concerns about potential conflicts and oversight effectiveness.
In summary, while Five Points Charitable Foundation Inc excels in directing funds to its charitable programs, its governance structure requires significant enhancement. The organization would benefit from increasing transparency through a well-maintained website and fostering a more independent board to ensure better accountability and public confidence in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Five Points Charitable Foundation Inc legitimate?
Five Points Charitable Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Five Points Charitable 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.
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What is the mission statement of Five Points Charitable Foundation Inc?
The Five Points Charitable Foundation Inc's mission is focused on offering financial aid. This assistance is extended to its members, subordinate chapters, and students residing in Alabama, who are pursuing their higher education at various colleges and universities within the state. The foundation's primary objective is to promote educational opportunities for its targeted group, thereby empowering them to build their futures. By providing scholarship assistance, the foundation aims to alleviate some of the financial burdens associated with higher education, making it more accessible to its beneficiaries.
Who is the CEO of Five Points Charitable Foundation Inc?
Rita Woods is the Director of Five Points Charitable Foundation Inc.
What is the revenue of Five Points Charitable Foundation Inc?
Five Points Charitable Foundation Inc's revenue in 2022 was $64,025.
Who are the executives of Five Points Charitable Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Five Points Charitable Foundation Inc?
Five Points Charitable Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Five Points Charitable Foundation Inc
Five Points Charitable Foundation Inc, as indicated by its mission description, is committed to providing financial aid to various entities within the State of Alabama. Specifically, the foundation extends its assistance to its members, subordinate chapters, and students who are pursuing their academic journey at Alabama's colleges and universities. This philanthropic organization's primary goal is to offer scholarship assistance, thereby making higher education more accessible to those who might otherwise be financially constrained. By providing this aid, Five Points Charitable Foundation Inc contributes to the educational development of its recipients, fostering a more educated and prosperous society in Alabama.
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Impact
August, 2024
Five PointsCharitable Foundation Inc's impact lies in its dedication to providing financial assistance to members, subordinated chapters, and students throughout the State of Alabama attending Alabama colleges and universities. This organization plays a crucial role in supporting individuals who aspire to pursue higher education by offering scholarship assistance. Through their mission of providing educational opportunities to deserving students, Five Points Charitable Foundation Inc positively impacts the lives of many in Alabama, fostering personal growth, career development, and community prosperity.
This information is meant to be a general summary of Five Points Charitable 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.
- Gross Receipts: $64,025
Assets and Liabilities:
- Total Assets: $138,695
- Total Liabilities: $0
- Net Assets: $138,695
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Organization Details
Founding Year
2019
Phone
(205) 721-9126Principal Officer
Rita Woods
Main Address
319 17th Street North, Birmingham, AL, 35203
NTEE Category
Code: B99 - Education
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