Overview
What is The Carroll Shelby Foundation?
The Carroll Shelby Foundation is a nonprofit organization based in Gardena, California, with two dedicated employees. Their primary mission involves providing funding and support for youth education and automotive vocational programs through public charities. This support extends to both health care and education sectors. Additionally, the foundation is committed to establishing an automotive museum that benefits the public. Their activities are geared towards promoting automotive vocational programs, ultimately contributing to the community's welfare.
Official website here: www.shelby.com/shelbyfoundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 18% (Zero-Star out of Four Star rating)
The Carroll Shelby Foundation has received a low rating of 18%, indicating significant concerns regarding its accountability and financial practices. The foundation's lack of independent board members and absence of key financial documents raise red flags for potential donors. Although it has a low liabilities to assets ratio, which suggests financial stability, the overall governance structure appears weak.
Strengths of the organization include its conflict of interest policy and the availability of board meeting minutes; however, these positives are overshadowed by more critical shortcomings. The foundation has not provided financial statements or a whistleblower policy, which are essential for transparency and accountability. Furthermore, the absence of a document retention policy and the failure to post its tax form on its website indicate a lack of adherence to best practices in nonprofit management.
Potential donors should exercise caution and conduct further research before engaging with The Carroll Shelby Foundation, given the significant areas of concern regarding governance and financial oversight. The foundation's ability to effectively utilize its resources and maintain donor trust may be compromised without substantial improvements in these areas.
This AI summary has been generated from information found on Charity Navigator.
Is The Carroll Shelby Foundation legitimate?
The Carroll Shelby Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Carroll Shelby 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: $27,667
For more financial information, click here
Official website here: www.shelby.com/shelbyfoundation
What is the mission statement of The Carroll Shelby Foundation?
The Carroll Shelby Foundation is dedicated to supporting various initiatives for the betterment of society. Their primary mission is to contribute to health care and education, with a particular focus on automotive vocational programs. They achieve this by offering funding and support to public charities, with a focus on youth education and automotive vocational programs. In essence, the foundation aims to promote educational opportunities in the automotive field, contributing positively to society.
Official website here: www.shelby.com/shelbyfoundation
Who is the CEO of The Carroll Shelby Foundation?
Aaron Shelby is the Director of The Carroll Shelby Foundation.
Official website here: www.shelby.com/shelbyfoundation
What is the revenue of The Carroll Shelby Foundation?
The Carroll Shelby Foundation's revenue in 2022 was $1,667,591.
Official website here: www.shelby.com/shelbyfoundation
Who are the executives of The Carroll Shelby Foundation and what are their salaries?
The average compensation at The Carroll Shelby Foundation during 2022 was $13,834. There are 2 employees at The Carroll Shelby Foundation.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.shelby.com/shelbyfoundation
Where can I find the form 990 for The Carroll Shelby Foundation?
The Carroll Shelby Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.shelby.com/shelbyfoundation
Learn more at the official website: www.shelby.com/shelbyfoundation
Mission Statement of The Carroll Shelby Foundation
The Carroll Shelby Foundation is committed to making a positive impact in the realms of health care and education, as well as promoting an automotive museum for public benefit. In line with this mission, the organization provides funding and support for youth education and automotive vocational programs, aiming to benefit the public at large. By investing in these initiatives, The Carroll Shelby Foundation is dedicated to fostering the growth and development of young individuals, equipping them with valuable skills in the automotive sector.
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Impact
July, 2024
The Carroll Shelby Foundation has made a significant impact by supporting health care and education initiatives, as well as providing funding and support for youth education and automotive vocational programs. Additionally, the foundation has contributed to the establishment of an automotive museum for public benefit. Through these efforts, The Carroll Shelby Foundation has been able to make a difference in the lives of individuals and communities, particularly in the areas of education and healthcare.
This information is meant to be a general summary of The Carroll Shelby 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.
- Investment Income: $130,493
- Gross Receipts: $1,908,580
Assets and Liabilities:
- Total Assets: $10,221,017
- Total Liabilities: $284,975
- Net Assets: $9,936,042
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Organization Details
Founding Year
1991
Phone
(310) 943-8080Principal Officer
Aaron Shelby
Main Address
19021 S FIGUEROA STREET, GARDENA, CA, 90248
NTEE Category
Code: Z99Z - Unknown
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