5 Stones Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 851851387 ✦ Fort worth, TX ✦ Designated as a 501(c)(3)

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Overview

What is 5 Stones Foundation Inc?

5 Stones Foundation Inc, established in 2021, is a grantmaking public charity based in Fort Worth, Texas. Despite its young age, it has already generated a modest revenue of $46,981. Distinguishing itself as a charitable organization, 5 Stones Foundation primarily focuses on providing financial assistance to various causes, as per its grantmaking mission. However, further details regarding the specific areas or causes it supports are not provided in the information. As of now, it operates with no employees, highlighting its minimal operational structure.


Official website here: www.5stonesfoundation.org

Is 5 Stones Foundation Inc legitimate?

5 Stones Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 5 Stones Foundation Inc submitted a form 990EZ, 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.


Official website here: www.5stonesfoundation.org

What is the mission statement of 5 Stones Foundation Inc?

The 5 Stones Foundation, as a grantmaking public charity, does not have an explicitly stated mission statement provided in the given information. However, based on its activity as a foundation, it can be inferred that its mission likely involves distributing funds to support various causes and initiatives, aiming to make a positive impact in society. The foundation, which operates with a modest annual revenue, does not currently employ any staff.


Official website here: www.5stonesfoundation.org

Who is the CEO of 5 Stones Foundation Inc?

Karen Wiseman is the President of 5 Stones Foundation Inc.


Official website here: www.5stonesfoundation.org

What is the revenue of 5 Stones Foundation Inc?

5 Stones Foundation Inc's revenue in 2022 was $46,981.


Official website here: www.5stonesfoundation.org

Who are the executives of 5 Stones Foundation Inc and what are their salaries?


Here are 4 key members and their salaries:


Karen Wiseman (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Felicia Grantham (Vice President/Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wesley Toland (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Neil Randel (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.5stonesfoundation.org

Where can I find the form 990EZ for 5 Stones Foundation Inc?

5 Stones Foundation Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.


Official website here: www.5stonesfoundation.org

Learn more at the official website: www.5stonesfoundation.org

Mission Statement of 5 Stones Foundation Inc

5 Stones Foundation is a grantmaking public charity organization, established in 2021. While the description does not provide explicit details about its mission, it can be inferred that its primary focus lies in providing financial support to various causes. With an annual revenue of $46,981 and no employees, it appears that 5 Stones Foundation operates on a relatively small scale, channeling its resources towards charitable grants. The organization's mission could be to identify and support worthy causes that align with its charitable objectives, thereby contributing to societal betterment in its own capacity.

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Impact




August, 2024

5 Stones Foundation Inc has made a significant impact through its philanthropic endeavors in the Fort Worth, TX community. Despite its recent establishment in 2021, the foundation has already demonstrated its commitment to making a difference. With a focus on grantmaking, 5 Stones Foundation Inc has been able to allocate resources to support various causes and organizations in need. Through its efforts, the foundation has contributed to the betterment of society and the well-being of individuals and communities in Fort Worth.




This information is meant to be a general summary of 5 Stones 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.

Revenue
$46,981 (2022)
Expenses
$97,312 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $10
  • Gross Receipts: $46,981

Assets and Liabilities:

  • Total Assets: $135,523
  • Total Liabilities: $0
  • Net Assets: $135,523

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Organization Details

Principal Officer

Karen Wiseman

Main Address

PO BOX 100742, Fort Worth, TX, 76185

NTEE Category

Code: T30 - Philanthropy

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