Overview
What is World Mate Foundation Inc?
World Mate Foundation Inc, located in Plano, Texas, is a nonprofit organization dedicated to supporting charities that effectively operate charity schools and hospitals for underserved communities. Their mission is to provide essential educational and medical services to individuals who may not otherwise have access to them. The foundation grants funds to these charities to help them continue their operations and make a positive impact in their respective communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The World Mate Foundation Inc has earned an 83% rating from Charity Navigator, reflecting a solid performance in accountability and financial health. The organization achieved a perfect score for having an entirely independent board and maintains a low liabilities to assets ratio, indicating strong financial stability. Their program expense ratio of 100% suggests that all funds are directed towards their programs, demonstrating a commitment to their mission.
Strengths of the organization include comprehensive governance measures such as documented board meeting minutes, a whistleblower policy, and a conflict of interest policy, all of which are successfully listed and up to standard. The foundation has shown a strong commitment to transparency by posting its tax forms on its website, thereby enhancing trust with donors and stakeholders.
While the organization has demonstrated robust financial practices and governance, the rating does not provide insights into specific program outcomes or the impact of their work. Therefore, while the financial and organizational metrics are commendable, potential supporters may seek additional information on the effectiveness of the foundation's initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is World Mate Foundation Inc legitimate?
World Mate Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. World Mate 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: $81,800
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What is the mission statement of World Mate Foundation Inc?
The World Mate Foundation's mission is centered around supporting charitable organizations that successfully manage educational institutions and healthcare facilities in underprivileged communities. By providing financial assistance, the foundation aims to contribute to the operation of these charity schools and hospitals, thereby improving the living conditions and access to essential services for underserved populations.
Who is the CEO of World Mate Foundation Inc?
Kevin Obrien is the Board Member of World Mate Foundation Inc.
What is the revenue of World Mate Foundation Inc?
World Mate Foundation Inc's revenue in 2022 was $1,069,911.
Who are the executives of World Mate Foundation Inc and what are their salaries?
There 4 volunteers at World Mate Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for World Mate Foundation Inc?
World Mate Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of World Mate Foundation Inc
The World Mate Foundation, as a charitable organization, is dedicated to supporting institutions that operate effectively in providing educational opportunities and medical care to underserved communities. Its mission lies in channeling funds to these charities, which run both charity schools and hospitals, ensuring they can continue their vital work. The World Mate Foundation aims to make a tangible impact on the lives of those living in underserved areas by empowering these charities with the necessary financial resources. By doing so, it contributes to the betterment of education and healthcare in these communities, ultimately fostering a more equitable society.
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Impact
July, 2024
World Mate Foundation Inc's impact is seen in its support of charities that effectively operate charity schools and charity hospitals for underserved communities. Through granting funds to these organizations, World Mate Foundation is directly contributing to the improvement of education and healthcare services in disadvantaged areas. This support ultimately helps in addressing the critical needs of underserved communities and making a positive difference in the lives of those benefiting from these services.
This information is meant to be a general summary of World Mate 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: $1,069,911
Assets and Liabilities:
- Total Assets: $12,023
- Total Liabilities: $0
- Net Assets: $12,023
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Organization Details
Founding Year
2020
Phone
(561) 866-8833Principal Officer
Kevin Obrien
Main Address
4009 Cloudcrest Dr, Plano, TX, 75074
NTEE Category
Code: P20 - Human services
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