Overview
What is Seattle Times Fund For The Needy?
The Seattle Times Fund for the Needy is a charitable organization situated in Seattle, Washington. Its primary mission is to collect contributions from the local community through annual campaigns. These funds are then allocated and distributed to qualifying organizations, as per Section 501 (c) (3) of the Internal Revenue Code, to assist needy families and individuals residing within Seattle. The organization's primary objective is to provide aid and support to those in need within its local community.
Official website here: www.seattletimes.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Seattle Times Fund For The Needy has received a Two-Star out of Four Star rating from Charity Navigator, indicating that there are areas needing improvement within the organization. With an overall score of 70%, the organization demonstrates a strong program expense ratio of 99.67%, meaning that nearly all of its funds are directed towards its charitable programs. However, the lack of independent board members and missing policies regarding conflict of interest and whistleblower protections raise concerns about governance and accountability.
While the organization has strengths in its financial oversight, as evidenced by its audit and oversight committee receiving full points, the absence of independent board members and certain policies could potentially limit transparency and ethical decision-making. The liability to assets ratio is favorable at 0.00%, suggesting financial stability, but the working capital ratio of 0.05 years indicates potential liquidity issues that may impact its operational flexibility.
Overall, while the Seattle Times Fund For The Needy effectively channels its resources to programs, addressing governance weaknesses and enhancing financial policies may be essential for improving its rating and ensuring long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Seattle Times Fund For The Needy legitimate?
Seattle Times Fund For The Needy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seattle Times Fund For The Needy 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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Official website here: www.seattletimes.com
What is the mission statement of Seattle Times Fund For The Needy?
The Seattle Times Fund for the Needy's mission is centered around distributing funds to charitable organizations, which are tax-exempt under Section 501 (c) (3) of the Internal Revenue Code. The primary objective of these distributions is to aid needy families and individuals within the community. The organization collects contributions from the public in the Seattle area and then allocates these funds to deserving organizations for their charitable works. The Seattle Times Fund for the Needy aims to provide support and relief to those in need, contributing to the betterment of the community.
Official website here: www.seattletimes.com
Who is the CEO of Seattle Times Fund For The Needy?
Alan Fisco is the Chairman Of The Board/Director of Seattle Times Fund For The Needy.
Official website here: www.seattletimes.com
What is the revenue of Seattle Times Fund For The Needy?
Seattle Times Fund For The Needy's revenue in 2022 was $3,380,591.
Official website here: www.seattletimes.com
Who are the executives of Seattle Times Fund For The Needy and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.seattletimes.com
Where can I find the form 990 for Seattle Times Fund For The Needy?
Seattle Times Fund For The Needy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.seattletimes.com
Learn more at the official website: www.seattletimes.com
Mission Statement of Seattle Times Fund For The Needy
The Seattle Times Fund for the Needy is a charitable organization with a mission to distribute funds to qualifying organizations, operating under Section 501 (c) (3) of the Internal Revenue Code. Its primary purpose is to aid needy families and individuals who are part of the Seattle community. The organization collects contributions from the public during an annual campaign. Once they have gathered sufficient funds, they allocate and distribute these resources to deserving organizations, enabling them to provide assistance to those in need within the Seattle community.
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Impact
July, 2024
The Seattle Times Fund For The Needy has a significant impact on the Seattle community by providing financial support to organizations that help needy families and individuals. Through their annual campaign, they collect contributions from the public and distribute these funds to worthy organizations across the city. This support directly benefits those who are struggling and in need of assistance, making a tangible difference in their lives. The Fund's efforts contribute to building a stronger, more resilient community by ensuring that support reaches those who need it most.
This information is meant to be a general summary of Seattle Times Fund For The Needy. 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: $49,179
- Gross Receipts: $3,384,025
Assets and Liabilities:
- Total Assets: $124,762
- Total Liabilities: $0
- Net Assets: $124,762
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Organization Details
Founding Year
1979
Phone
(206) 464-2450Principal Officer
Alan Fisco
Main Address
1000 Denny Way, Seattle, WA, 98109
Website
www.seattletimes.comNTEE Category
Code: T70Z - Philanthropy
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