Overview
What is Rio Salado Foundation?
The Rio Salado Foundation, located in Tempe, Arizona, is a dedicated nonprofit organization. Its primary mission is to ensure the success of the Rio Salado Project as a significant regional destination and urban development. This is achieved through the establishment of public-private partnerships, which are fostered via a comprehensive and continuous capital fundraising campaign. The foundation has incurred programming costs in preparing information for community leaders and potential donors, as well as assisting in the design and implementation of projects donated by corporations and individuals to the charity, encompassing public works projects and parks.
Official website here: www.riosaladofoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (57%)
The Rio Salado Foundation received a One-Star rating from Charity Navigator, reflecting a score of 57%. This rating indicates significant concerns regarding the charity's financial health and accountability. While the organization has a strong governance structure with 87% of its board members being independent and various policies in place, its financial ratios reveal weaknesses that impact its overall score.
Strengths of the Rio Salado Foundation include a fully independent board, no reported material diversion of assets, and transparency in governance practices. The organization has documentation for its board meeting minutes and maintains policies on conflicts of interest and whistleblowing. These factors contribute positively to its accountability profile.
However, the foundation has notable limitations, particularly in its financial management. With a program expense ratio of only 29.63% and a liabilities to assets ratio of 4.46%, the foundation is not allocating a significant portion of its resources towards its charitable programs. This raises questions about the impact and effectiveness of its operations. The combination of these financial concerns resulted in a low overall rating, suggesting that potential donors should approach with caution.
This AI summary has been generated from information found on Charity Navigator.
Is Rio Salado Foundation legitimate?
Rio Salado Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rio Salado 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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For more financial information, click here
Official website here: www.riosaladofoundation.org
What is the mission statement of Rio Salado Foundation?
The Rio Salado Foundation's mission is centered around ensuring the success of the Rio Salado Project as a significant regional destination and urban development. This is achieved through the establishment of public-private partnerships, facilitated by a comprehensive and continuous capital fundraising campaign. The foundation's activities involve preparing information to present to community leaders and potential donors, as well as assisting in the design and implementation of projects donated by corporations and individuals to the charity, including public works projects and parks.
Official website here: www.riosaladofoundation.org
Who is the CEO of Rio Salado Foundation?
Ben Cilek is the Treasurer of Rio Salado Foundation.
Official website here: www.riosaladofoundation.org
What is the revenue of Rio Salado Foundation?
Rio Salado Foundation's revenue in 2022 was $22,484.
Official website here: www.riosaladofoundation.org
Who are the executives of Rio Salado Foundation and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.riosaladofoundation.org
Where can I find the form 990 for Rio Salado Foundation?
Rio Salado Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.riosaladofoundation.org
Learn more at the official website: www.riosaladofoundation.org
Mission Statement of Rio Salado Foundation
The Rio Salado Foundation is dedicated to ensuring the success of the Rio Salado Project as a significant regional destination and urban development. They achieve this goal by fostering public-private partnerships through a comprehensive and continuous capital fundraising campaign. The organization's mission involves incurring costs to present information about the project to community leaders and potential donors, as well as assisting in the design and implementation of charitable projects, such as public works projects and parks, donated by corporations and individuals.
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Impact
August, 2024
The Rio Salado Foundation's impact is significant in ensuring the success of the Rio Salado Project as a major regional destination and urban development through the creation of public/private partnerships. Their comprehensive and ongoing capital fundraising campaign has led to the implementation of public works projects, parks, and other initiatives donated by corporations and individuals to the charity. Their efforts have not only transformed the area into a recreational hub but have also strengthened community engagement and involvement in urban development projects.
This information is meant to be a general summary of Rio Salado 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: $22,484
Assets and Liabilities:
- Total Assets: $2,117,129
- Total Liabilities: $94,634
- Net Assets: $2,022,495
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Organization Details
Founding Year
2001
Phone
(480) 473-0245Principal Officer
Ben Cilek
Main Address
PO BOX 1737, TEMPE, AZ, 852801737
Website
www.riosaladofoundation.orgNTEE Category
Code: N32 - Recreation
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