Overview
What is Will Dendy Memorial Foundation?
The Will Dendy Memorial Foundation is a nonprofit organization that focuses on raising funds to support wrestling scholarship programs at the University of Tennessee at Chattanooga and regional wrestling clubs in North Georgia and Southeast Tennessee. Their mission is rooted in the belief that a strong leader is shaped by a caring community, and they aim to provide opportunities for individuals to learn and grow through wrestling. The foundation's activities encompass fundraising expenses and necessary supplies to make these programs a reality.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
The Will Dendy Memorial Foundation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial health. With a score of 56%, the organization struggles particularly with governance issues, as it reports having no independent board members, which raises questions about oversight and transparency.
On a positive note, the foundation exhibits strong financial management in terms of program expenses, with 93.31% of its budget allocated to programs. Additionally, there are no recorded material diversions of assets, and the organization maintains a favorable liabilities to assets ratio of 0.00%. These factors suggest that when funds are available, they are directed effectively toward the charity's objectives.
However, the foundation faces critical shortcomings in several areas, including the absence of essential governance policies like a conflict of interest policy, a whistleblower policy, and a document retention policy. Furthermore, the foundation's tax form is not posted on its website, limiting transparency. These deficiencies contribute to its low rating and highlight the need for improved governance to enhance donor confidence and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Will Dendy Memorial Foundation legitimate?
Will Dendy Memorial Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Will Dendy Memorial 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:
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Professional Fundraising Fees: $0
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What is the mission statement of Will Dendy Memorial Foundation?
The Will Dendy Memorial Foundation, as a fundraising campaign, aims to support wrestling scholarship programs at the University of Tennessee at Chattanooga and regional wrestling clubs in North Georgia and Southeast Tennessee. Their mission is rooted in the belief that a strong leader is shaped by a compassionate community, emphasizing the importance of fostering such values through sports and education. The foundation's activities primarily involve fundraising and providing necessary resources for these programs.
Who is the CEO of Will Dendy Memorial Foundation?
Heather Dendy is the President of Will Dendy Memorial Foundation.
What is the revenue of Will Dendy Memorial Foundation?
Will Dendy Memorial Foundation's revenue in 2022 was $63,035.
Who are the executives of Will Dendy Memorial Foundation and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Will Dendy Memorial Foundation?
Will Dendy Memorial Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Will Dendy Memorial Foundation
The Will Dendy Memorial Foundation is a dedicated fundraising initiative with a mission to support wrestling scholarship programs. This nonprofit organization believes that a solid leader can be shaped through the teachings and connections fostered in a compassionate community. To achieve this, the foundation focuses on funding wrestling scholarship programs at the University of Tennessee at Chattanooga and regional wrestling clubs located in North Georgia and Southeast Tennessee. By providing financial aid, the Will Dendy Memorial Foundation aims to empower young wrestlers and nurture their leadership skills, ultimately fostering a sense of community and camaraderie within the wrestling community. The foundation's programs encompass fundraising expenses and necessary supplies, demonstrating its commitment to promoting the sport and shaping the leaders of tomorrow.
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Impact
August, 2024
The impact of the Will Dendy Memorial Foundation is evident in its dedication to funding wrestling scholarship programs at the University of Tennessee at Chattanooga and regional wrestling clubs in North Georgia and Southeast Tennessee. By providing financial support through its fundraising efforts, the foundation is ensuring that aspiring wrestlers have the opportunity to pursue their athletic and academic goals. Through this support, the foundation is contributing to the development of future leaders who learn from and contribute to their compassionate community.
This information is meant to be a general summary of Will Dendy Memorial 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.
- Gross Receipts: $63,035
Assets and Liabilities:
- Total Assets: $74,723
- Total Liabilities: $0
- Net Assets: $74,723
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Organization Details
Founding Year
2020
Principal Officer
Heather Dendy
Main Address
PO BOX 4008, CHATTAMOOGA, TN, 37405
NTEE Category
Code: N70 - Recreation
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