Overview
What is Friends Of Studebaker Fountain Inc?
Friends of Studebaker Fountain Inc is a nonprofit organization based in South Bend, Indiana, specifically at 814 Marietta Street. Their primary objective is to fundraise and plan for the restoration of the Studebaker Electric Fountain situated in Leeper Park. Beyond this, the organization has a mission to boost awareness of the South Bend Parks and Recreation Department's mission, value, and services, ultimately benefiting the city's residents. They aim to achieve this goal by offering discretionary funding. The organization's purpose is to support and promote the importance of the South Bend Parks and Recreation Department in enriching the lives of the city's citizens.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (73%)
Friends Of Studebaker Fountain Inc has received a rating of two stars from Charity Navigator, indicating that the organization is in need of improvement. While the organization demonstrates strong accountability with a perfect score for independent board members and no material diversion of assets, it has significant gaps in its governance practices. The lack of crucial policies such as document retention, whistleblower, and conflict of interest policies has negatively impacted its overall score.
The organization excels in its financial management, showcasing a remarkable program expense ratio of 97.55%, which suggests that a substantial portion of its funds is directed towards its programs. Additionally, the absence of liabilities further strengthens its financial position. However, the missing governance policies are concerning as they are essential for transparency and ethical management.
Overall, while Friends Of Studebaker Fountain Inc displays strengths in financial responsibility and board independence, the lack of key governance policies highlights areas that require immediate attention. Addressing these deficiencies could improve the organization's rating and reinforce its commitment to best practices in nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Studebaker Fountain Inc legitimate?
Friends Of Studebaker Fountain Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Studebaker Fountain 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 Friends Of Studebaker Fountain Inc?
Friends of Studebaker Fountain Inc was established as a not-for-profit organization with the purpose of providing discretionary funding. This funding is aimed at increasing awareness about the mission, value, and services provided by the South Bend Parks and Recreation Department. The ultimate goal is to benefit the citizens of South Bend. Specifically, the organization offers fundraising and planning services for the restoration of the Studebaker Electric Fountain located in Leeper Park, South Bend, Indiana.
Who is the CEO of Friends Of Studebaker Fountain Inc?
Vicki Macintire is the Board Member of Friends Of Studebaker Fountain Inc.
What is the revenue of Friends Of Studebaker Fountain Inc?
Friends Of Studebaker Fountain Inc's revenue in 2022 was $1,693.
Who are the executives of Friends Of Studebaker Fountain Inc and what are their salaries?
There 8 volunteers at Friends Of Studebaker Fountain Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Friends Of Studebaker Fountain Inc?
Friends Of Studebaker Fountain Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Friends Of Studebaker Fountain Inc
Friends of Studebaker Fountain Inc was established as a not-for-profit organization with a mission to promote increased awareness of the South Bend Parks and Recreation Department's mission, value, and services. This nonprofit aims to benefit the citizens of South Bend by providing discretionary funding. Specifically, Friends of Studebaker Fountain Inc focuses on fundraising and planning services for the restoration of the Studebaker Electric Fountain located in Leeper Park, South Bend, Indiana. By restoring this iconic fountain, the organization hopes to enhance the community's appreciation and engagement with the local parks and recreation department.
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Impact
August, 2024
Friends Of Studebaker Fountain Inc's impact is focused on providing discretionary funding to cultivate increased awareness of the mission, value, and services offered by the South Bend Parks and Recreation Department for the benefit of South Bend citizens. Specifically, the organization is dedicated to fundraising and planning services for the restoration of the Studebaker Electric Fountain in Leeper Park, located in South Bend, Indiana. This initiative not only aims to preserve a historical landmark but also contributes to enhancing the community's recreational and cultural experiences.
This information is meant to be a general summary of Friends Of Studebaker Fountain 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: -$11,154
- Gross Receipts: $12,847
Assets and Liabilities:
- Total Assets: $223,853
- Total Liabilities: $0
- Net Assets: $223,853
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Organization Details
Founding Year
2020
Phone
(574) 286-6061Principal Officer
Vicki Macintire
Main Address
814 MARIETTA ST, SOUTH BEND, IN, 46601
NTEE Category
Code: T30 - Philanthropy
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