Overview
What is The Erickson Foundation Inc?
The Erickson Foundation Inc, located in Madison, Wisconsin, serves as a catalyst for charitable contributions within its community. With a primary focus on raising funds, this nonprofit organization donates to various community-involved associations, other not-for-profit corporations, and individuals in need. Their mission is to contribute to the betterment of their local communities, demonstrating a strong commitment to supporting and uplifting their fellow organizations and individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Stars
The Erickson Foundation Inc has received a low rating of 53% from Charity Navigator, resulting in a One-Star designation. This score primarily reflects issues related to accountability and finance, where the organization scored poorly in multiple areas, particularly in board member independence and governance policies. The lack of independent board members and missing essential policies such as conflict of interest and whistleblower protections are significant concerns.
On a more positive note, the foundation does demonstrate strong financial management with a perfect program expense ratio of 100%, indicating that all funds are allocated towards program activities. Additionally, there are no reported material diversions of assets, which suggests a level of financial integrity in handling resources. However, the absence of essential governance practices may raise questions about the overall transparency and accountability of the organization.
Overall, while The Erickson Foundation Inc shows strengths in financial management, the significant shortcomings in governance practices and board independence highlight areas needing improvement. Prospective donors and stakeholders may want to consider these factors carefully when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Erickson Foundation Inc legitimate?
The Erickson Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Erickson 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
For more financial information, click here
What is the mission statement of The Erickson Foundation Inc?
The Erickson Foundation's primary mission is centered around raising funds. This philanthropic organization aims to make charitable contributions to various community-involved associations, not-for-profit corporations, and individuals within the communities they serve. Their mission is to support these entities and individuals, contributing to their well-being and the betterment of their communities. The Erickson Foundation's activities are geared towards making a positive impact through financial contributions.
What is the revenue of The Erickson Foundation Inc?
The Erickson Foundation Inc's revenue in 2024 was -$2,121.
Who are the executives of The Erickson Foundation Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Erickson Foundation Inc?
The Erickson Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Erickson Foundation Inc
The Erickson Foundation Inc, as a charitable organization, is dedicated to raising funds for making contributions to various not-for-profit corporations within the state. Their primary mission is to support community-involved associations, other non-profit corporations, and individuals within the communities they serve. By engaging in charitable contributions, The Erickson Foundation Inc aims to make a positive impact on the lives of those in need, fostering a sense of community and support. The foundation's mission is rooted in the belief that every community has potential and the ability to thrive, and by providing financial assistance to worthy causes, they can help realize this potential. By contributing to a diverse range of organizations and individuals, The Erickson Foundation Inc plays a crucial role in supporting the social fabric of communities across the state.
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Impact
October, 2024
The Erickson Foundation Inc significantly impacts communities in Wisconsin through its dedicated mission to raise funds for charitable contributions. By supporting community-involved associations, not-for-profit corporations, and individuals, the Foundation plays a crucial role in enhancing social services and fostering community engagement. Its contributions bolster grassroots initiatives and provide essential resources to organizations that address local needs. This commitment not only empowers various nonprofit entities but also uplifts individuals and families, promoting overall community well-being in the areas they serve. Through their philanthropic efforts, the Foundation nurtures a spirit of collaboration and support, leading to positive change and sustainable development within Wisconsin communities.
This information is meant to be a general summary of The Erickson 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 2024.
- Gross Receipts: $4,300
Assets and Liabilities:
- Total Assets: $69,561
- Total Liabilities: $0
- Net Assets: $69,561
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Organization Details
Founding Year
2019
Principal Officer
Kelsi Erickson
NTEE Category
Code: P12 - Human services
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