Overview
What is Chump Change Foundation?
The Chump Change Foundation is a nonprofit organization committed to fostering community involvement. Its primary mission is to recruit, manage, and train volunteers eager to contribute to their local community. By connecting these volunteers with causes in need, the foundation bridges the gap between those seeking to give back and organizations that require assistance. Beyond volunteering, Chump Change Foundation also takes part in community events such as Kirkland Summerfest, a significant arts and music festival in Kirkland. They also organize annual events like the 2nd Annual Kirklandia Waterfront Festival and the 10th Annual Kirkland Oktoberfest, further engaging the community and promoting a sense of unity.
Official website here: www.chumpchangefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 69%)
The Chump Change Foundation has received a "Needs Improvement" rating from Charity Navigator, indicating some areas for growth, particularly in accountability and financial transparency. While the organization boasts 100% independent board members and a high program expense ratio of 97.55%, which suggests a commitment to allocating funds towards its mission, it faces significant challenges in financial disclosures.
Key strengths include the absence of material asset diversion and a low liabilities to assets ratio of 47.47%, reflecting good financial management. However, the foundation is notably lacking in several important policies, such as conflict of interest and whistleblower protections, as well as missing financial statements. The lack of these critical documents may raise concerns about governance practices and overall accountability.
Overall, while the Chump Change Foundation demonstrates strengths in board independence and program spending, the absence of essential financial documentation and policies leaves room for improvement in transparency and governance practices. Addressing these issues could enhance trust and credibility with stakeholders and potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Chump Change Foundation legitimate?
Chump Change Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chump Change 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: $0
For more financial information, click here
Official website here: www.chumpchangefoundation.org
What is the mission statement of Chump Change Foundation?
The Chump Change Foundation's mission revolves around recruiting, managing, and training volunteers with a passion for community service. By connecting these individuals with local causes in need, the foundation serves as a bridge, facilitating meaningful contributions to their communities. Beyond this primary role, the Chump Change Foundation is also involved in organizing community events, such as Kirkland Summerfest, a significant arts and music festival, and the annual Kirklandia Waterfront Festival and Oktoberfest. These events provide additional opportunities for volunteers to engage with their communities and contribute to collective enjoyment and unity.
Official website here: www.chumpchangefoundation.org
Who is the CEO of Chump Change Foundation?
Rob Butcher is the President of Chump Change Foundation.
Official website here: www.chumpchangefoundation.org
What is the revenue of Chump Change Foundation?
Chump Change Foundation's revenue in 2022 was $647,091.
Official website here: www.chumpchangefoundation.org
Who are the executives of Chump Change Foundation and what are their salaries?
There are 3 employees and 150 volunteers at Chump Change Foundation.
Here are 5 key members and their salaries:
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Official website here: www.chumpchangefoundation.org
Where can I find the form 990 for Chump Change Foundation?
Chump Change Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chumpchangefoundation.org
Learn more at the official website: www.chumpchangefoundation.org
Mission Statement of Chump Change Foundation
The Chump Change Foundation is dedicated to facilitating the recruitment, management, and training of volunteers eager to contribute to their local communities. This nonprofit organization serves as a bridge, connecting volunteers with causes that require their assistance. Beyond its primary mission, the Chump Change Foundation is also involved in community events such as Kirkland Summerfest, a renowned arts and music festival in the area. Furthermore, it organizes the 2nd Annual Kirklandia Waterfront Festival and the 10th Annual Kirkland Oktoberfest, contributing to the vibrancy and unity of the community.
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Impact
July, 2024
Chump Change Foundation's impact lies in its ability to recruit, manage, and train volunteers who are eager to give back to their community. By connecting these volunteers with local causes in need, the foundation facilitates community improvement and creates opportunities for active participation in charitable initiatives. Additionally, through organizing events like Kirkland Summerfest, Kirklandia Waterfront Festival, and Kirkland Oktoberfest, the foundation contributes to the cultural vibrancy and cohesion of the Kirkland community.
This information is meant to be a general summary of Chump Change 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.
- Program Service Revenue: $601,072
- Gross Receipts: $763,531
Assets and Liabilities:
- Total Assets: $25,856
- Total Liabilities: $12,276
- Net Assets: $13,580
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT FEES
Revenue
$560,208
VENDOR FEES
Revenue
$40,864
Organization Details
Founding Year
2019
Phone
(425) 456-1111Principal Officer
Rob Butcher
Main Address
1640 2ND ST, KIRKLAND, WA, 98033
NTEE Category
Code: S12 - Community improvement
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