Overview
What is Care And Share Foundation?
Care and Share Foundation is a recently established nonprofit organization, founded in 2020, with a primary purpose of managing and investing funds for the benefit of Care and Share, Inc. The Foundation's role is to receive, hold, and manage funds that are transferred, conveyed, or contributed to it. Located in Colorado Springs, Colorado, this organization serves as a financial hub that supports its parent entity, Care and Share, Inc. The exact nature of the support or services provided by the Care and Share Foundation is not explicitly mentioned in the provided information.
Official website here: www.careandshare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
The Care And Share Foundation has received a 79% score from Charity Navigator, placing it in the Three-Star category. This rating reflects a solid performance in accountability and finance, highlighted by a high program expense ratio of 93.89%, indicating effective use of resources towards its mission. Additionally, the organization boasts a fully independent board, with 71% of members meeting this criterion, which is a positive sign for governance.
Despite its strengths, the foundation has some notable areas needing improvement. Critical policies such as the conflict of interest policy, whistleblower policy, and document retention policy are missing, which may raise concerns regarding transparency and governance practices. While the organization did well in other aspects, such omissions could potentially affect stakeholder trust.
Overall, the Care And Share Foundation demonstrates a strong commitment to its programs and financial health. However, addressing the gaps in important governance policies would further enhance its credibility and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Care And Share Foundation legitimate?
Care And Share Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Care And Share 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
For more financial information, click here
Official website here: www.careandshare.org
What is the mission statement of Care And Share Foundation?
The Care and Share Foundation, established in 2020, was created with a primary objective. It serves to receive, manage, and invest funds that are transferred, conveyed, or contributed for the benefit of Care and Share, Inc. The main purpose of this foundation is to support the activities and initiatives of Care and Share, Inc., thereby contributing to its overall mission and objectives. The exact mission of Care and Share, Inc. is not specified in the provided information, but it can be inferred that the Care and Share Foundation plays a crucial role in supporting and furthering its goals.
Official website here: www.careandshare.org
Who is the CEO of Care And Share Foundation?
Nathan Springer is the Trustee (To 7/2022) of Care And Share Foundation.
Official website here: www.careandshare.org
What is the revenue of Care And Share Foundation?
Care And Share Foundation's revenue in 2023 was $181,984.
Official website here: www.careandshare.org
Who are the executives of Care And Share Foundation and what are their salaries?
There 9 volunteers at Care And Share Foundation.
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $163,001
- Other: $9,622
- Compensation: $0
- Related: $70,435
- Other: $4,743
- Compensation: $0
- Related: $14,575
- Other: $817
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.careandshare.org
Where can I find the form 990 for Care And Share Foundation?
Care And Share Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.careandshare.org
Learn more at the official website: www.careandshare.org
Mission Statement of Care And Share Foundation
The Care and Share Foundation, established in 2020, serves as a designated entity to receive, manage, and invest funds transferred or contributed for the benefit of Care and Share, Inc. This foundation's mission is centered around managing financial resources effectively, ensuring they contribute positively to the overall objectives and operations of Care and Share, Inc. The Foundation's role is crucial in supporting the broader mission of Care and Share, Inc., without providing specific details about its mission or activities.
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Impact
October, 2024
Care And Share Foundation plays a significant role in addressing food insecurity in Colorado Springs and surrounding areas. Established in 2020, it manages and invests funds that are aimed at supporting Care and Share, Inc., an organization focused on providing food assistance.
Through its financial stewardship, the Foundation ensures that resources are effectively allocated to combat hunger, enabling the distribution of nutritious food to those in need. By facilitating donations and financial contributions, it supports various programs that directly impact individuals and families facing food shortages, thereby enhancing community well-being and resilience.
This information is meant to be a general summary of Care And Share 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 2023.
- Investment Income: $70,110
- Gross Receipts: $211,873
Assets and Liabilities:
- Total Assets: $1,348,149
- Total Liabilities: $0
- Net Assets: $1,348,149
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Organization Details
Founding Year
2020
Phone
(719) 528-1247Principal Officer
Nathan Springer
Main Address
2605 Preamble Point, Colorado Springs, CO, 80915
Website
www.careandshare.orgNTEE Category
Code: K11 - Food
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