Overview
What is Edward H Daveis Benevolent Fund?
The Edward H Daveis Benevolent Fund is a charitable organization situated in Ellsworth, Maine, specifically at 245 Main Street. Its primary mission is to aid nonprofit entities serving the greater Portland area. The Fund prioritizes its grantmaking towards organizations that work with two specific groups: young children from birth to eight, their families, and their teachers, as well as youth leadership programs for students up to high school. The Fund encourages collaboration among these organizations and prefers to fund discrete projects rather than general operations. Its ultimate goal is to support the Maine Community Foundation and its charitable and educational purposes.
Official website here: www.mainecf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating
The Edward H Daveis Benevolent Fund has received a solid Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The charity's overall score is based entirely on a single beacon score, reflecting the importance of transparency and fiscal responsibility in its operations. The organization maintains a fully independent board, which enhances its governance and decision-making processes.
Key strengths include a perfect score for the majority of its board members being independent, no material diversion of assets, and adherence to sound policy practices such as conflict of interest and whistleblower policies. Additionally, the charity demonstrates excellent financial health with a liabilities to assets ratio of 0.00%, which suggests strong financial stability.
However, there is room for improvement in the program expense ratio, which stands at 60.84%. While this is a decent figure, it indicates that a portion of the budget is allocated to administrative or fundraising expenses rather than direct program services. Overall, the Edward H Daveis Benevolent Fund is a well-governed organization with a commendable commitment to accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Edward H Daveis Benevolent Fund legitimate?
Edward H Daveis Benevolent Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Edward H Daveis Benevolent Fund 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.mainecf.org
What is the mission statement of Edward H Daveis Benevolent Fund?
The Edward H Daveis Benevolent Fund's mission is centered around supporting the charitable and educational purposes of the Maine Community Foundation. It specifically focuses on providing assistance to nonprofit organizations in the greater Portland area, with a primary focus on organizations that work with young children from birth to eight and their families, as well as youth leadership programs for students up to high school age. The fund encourages collaboration between organizations and prefers to fund discrete projects rather than general operations.
Official website here: www.mainecf.org
Who is the CEO of Edward H Daveis Benevolent Fund?
Deborah Ellwood is the Principal Officer of Edward H Daveis Benevolent Fund. The CEO's salary of Edward H Daveis Benevolent Fund is $0 and their total compensation is $89,976.
Official website here: www.mainecf.org
What is the revenue of Edward H Daveis Benevolent Fund?
Edward H Daveis Benevolent Fund's revenue in 2022 was $100,182.
Official website here: www.mainecf.org
Who are the executives of Edward H Daveis Benevolent Fund and what are their salaries?
There 3 volunteers at Edward H Daveis Benevolent Fund.
Here are 6 key members and their salaries (Edward H Daveis Benevolent Fund's CEO's salary is $0 and their total compensation is $89,976):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $82,707
- Other: $7,269
- Compensation: $0
- Related: $171,577
- Other: $13,009
- Compensation: $0
- Related: $180,419
- Other: $28,259
Official website here: www.mainecf.org
Where can I find the form 990 for Edward H Daveis Benevolent Fund?
Edward H Daveis Benevolent Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mainecf.org
Learn more at the official website: www.mainecf.org
Mission Statement of Edward H Daveis Benevolent Fund
The Edward H. Daveis Benevolent Fund is dedicated to supporting the charitable and educational purposes of the Maine Community Foundation (MCF). Specifically, this nonprofit organization aims to benefit organizations in the greater Portland area, focusing on two main sectors. Firstly, it extends its support to organizations that work with young children from birth to eight years old, their families, and their teachers. Secondly, it champions youth leadership programs for students up to high school age. Encouraging collaboration between organizations is a key aspect of its grantmaking strategy, and it tends to favor requests for discrete projects over general operational support.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Edward H. Daveis Benevolent Fund significantly enhances the lives of individuals and families in the greater Portland area through targeted support for nonprofit organizations. By emphasizing the well-being of young children and youth leadership, the Fund plays a pivotal role in fostering developmental opportunities for children aged birth to eight, alongside providing resources for high school students engaged in leadership programs.
This targeted grantmaking approach encourages collaboration among organizations, creating a network of support that amplifies the impact of individual initiatives. By focusing on discrete projects, the Fund ensures that donations are utilized for specific purposes that directly benefit the community, rather than being spread thin across general operations.
Overall, the Edward H. Daveis Benevolent Fund's focus on early childhood development and youth empowerment cultivates a stronger, more engaged community, paving the way for future generations to thrive.
This information is meant to be a general summary of Edward H Daveis Benevolent Fund. 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: $100,182
Assets and Liabilities:
- Total Assets: $2,252,826
- Total Liabilities: $0
- Net Assets: $2,252,826
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1946
Phone
(207) 667-9735Principal Officer
Deborah Ellwood
Main Address
245 Main Street, Ellsworth, ME, 04605
Website
www.mainecf.orgNTEE Category
Code: Z99 - Unknown
If you are a representative of Edward H Daveis Benevolent Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.