Overview
What is Asac Foundation?
The Asac Foundation, located in North Chesterfield, Virginia, is a nonprofit organization with a primary focus on charitable, educational, and literary pursuits. Specifically, their mission is to promote and support the study and preservation of firearms and weaponry. They operate within the confines of their stated purpose, ensuring that all their activities adhere to this charitable, educational, and literary focus.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star Rating
The Asac Foundation has received a strong rating of 87%, which reflects its solid performance in accountability and finance. This score is particularly significant as it indicates the organization operates with a high level of transparency and responsibility. The foundation's recent fiscal year data shows it has maintained a healthy financial position, with a zero liabilities to assets ratio, which is an excellent indicator of financial stability.
Strengths of the Asac Foundation include its fully independent board, as all board members are independent, which fosters unbiased decision-making. The foundation has demonstrated strong management practices with no material diversion of assets and a well-defined conflict of interest policy. Additionally, 81.29% of its expenses are allocated to its programs, showcasing a commitment to direct service rather than administrative costs.
While the foundation performs well in terms of financial accountability, the summary does not provide insight into the specific impact or effectiveness of its programs. This could be an area for improvement, as potential donors may also want to know how effectively their contributions translate into tangible outcomes for the community served.
This AI summary has been generated from information found on Charity Navigator.
Is Asac Foundation legitimate?
Asac Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Asac 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
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What is the mission statement of Asac Foundation?
The Asac Foundation operates with a mission to serve charitable, educational, and literary purposes. Specifically, its aim is to advance the study and preservation of guns and arms. This mission suggests that the foundation is committed to promoting knowledge and understanding in this field, potentially through research, education, or other related activities.
Who is the CEO of Asac Foundation?
Charles W Wheeler Jr is the Director of Asac Foundation.
What is the revenue of Asac Foundation?
Asac Foundation's revenue in 2022 was $34,302.
Who are the executives of Asac Foundation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Asac Foundation?
Asac Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Asac Foundation
The Asac Foundation is dedicated to serving a charitable, educational, and literary purpose. In line with its mission, the organization focuses on furthering the study and preservation of guns and arms. This mission implies that the Asac Foundation aims to contribute to the field of firearms in a positive manner, potentially through research, education, or literature. The specific activities and initiatives undertaken by the Asac Foundation to achieve these objectives are not provided in the given information.
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Impact
August, 2024
Asac Foundation's impact is primarily focused on furthering the study and preservation of guns and arms. Their charitable, educational, and literary activities are dedicated to this mission. In addition, Asac Foundation contributes to human services through its work in this field.
This information is meant to be a general summary of Asac 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.
- Investment Income: $16,477
- Gross Receipts: $169,766
Assets and Liabilities:
- Total Assets: $1,123,058
- Total Liabilities: $0
- Net Assets: $1,123,058
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Organization Details
Founding Year
1999
Phone
(518) 584-1065Principal Officer
Charles W Wheeler Jr
Main Address
9703 STEMWELL PL, NORTH CHESTERFIELD, VA, 23236
NTEE Category
Code: P99 - Human services
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