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Michael Bartone Memorial Fund

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 030450920 ✦ Downingtown, PA ✦ Designated as a 501(c)(3)

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Overview

What is Michael Bartone Memorial Fund?

The Michael Bartone Memorial Fund is a nonprofit organization based in Downingtown, Pennsylvania. Established with the aim of contributing to the search for a cure for A.L.S., or Lou Gehrig's disease, the organization also offers a scholarship to a local student who embodies the qualities of Michael Bartone. This mission is achieved through annual fundraising events, specifically a golf and rugby tournament and a dinner dance, which serve as platforms for raising awareness about A.L.S. and raising funds for the cause. The scholarship program provides financial support to a deserving local student.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 33%, Zero-Star out of Four Star rating.

The Michael Bartone Memorial Fund has received a low rating due to significant deficiencies in several key areas related to accountability and transparency. While the organization has a fully independent board and demonstrates no material diversion of assets, it fails to meet crucial standards regarding governance, including the absence of a conflict of interest policy, whistleblower policy, and documentation retention protocols. These deficiencies contributed to its low overall score.

The organization received full points for the size and independence of its board, indicating strong governance in that aspect. However, the lack of a public-facing website and failure to disclose essential documents like meeting minutes and tax forms hinder its transparency, which is critical for donor trust and accountability.

While the charity does not have liabilities against its assets, the absence of program expenses raises concerns about its operational effectiveness and impact. Overall, potential donors should consider these limitations when evaluating their support for the Michael Bartone Memorial Fund.


This AI summary has been generated from information found on Charity Navigator.

Is Michael Bartone Memorial Fund legitimate?

Michael Bartone Memorial Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Michael Bartone Memorial 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

What is the mission statement of Michael Bartone Memorial Fund?

The Michael Bartone Memorial Fund is committed to raising funds primarily to aid in the pursuit of a cure for ALS, commonly known as Lou Gehrig's disease. In addition to this, the organization provides a scholarship to a deserving local student. To achieve these objectives, they organize annual golf and rugby tournaments, as well as a dinner dance. These events serve not only to raise funds but also to increase awareness about ALS.

Who is the CEO of Michael Bartone Memorial Fund?

Dominick Bartone is the President of Michael Bartone Memorial Fund.

What is the revenue of Michael Bartone Memorial Fund?

Michael Bartone Memorial Fund's revenue in 2022 was $5,705.

Who are the executives of Michael Bartone Memorial Fund and what are their salaries?


Here are 4 key members and their salaries:


Dominick A Bartone (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Carlin (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Lockwood (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony J Mascherino (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Michael Bartone Memorial Fund?

Michael Bartone Memorial Fund's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Michael Bartone Memorial Fund

The Michael Bartone Memorial Fund is an organization dedicated to raising funds and awareness for ALS, also known as Lou Gehrig's disease. Their primary mission is twofold: firstly, to contribute towards finding a cure for this debilitating condition, and secondly, to honor the memory of Michael Bartone by providing a scholarship to a deserving local student. The fund raises funds through an annual golf and rugby tournament, as well as a dinner dance. The scholarship is awarded to a student who embodies the attributes of Michael Bartone. By engaging in these activities, the Michael Bartone Memorial Fund aims to make a significant impact in the fight against ALS and support the educational aspirations of a promising young individual.

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Impact




August, 2024

The impact of the Michael Bartone Memorial Fund is significant in its efforts to raise awareness and provide support in the fight against A.L.S. (Lou Gehrig's Disease). Through annual events such as golf and rugby tournaments, as well as dinner dances, the organization raises funds to contribute towards finding a cure for A.L.S. Additionally, the fund provides a scholarship to a local student who embodies the qualities and attributes of Michael Bartone, furthering its impact in the community. Through these initiatives, the Michael Bartone Memorial Fund not only supports research efforts but also invests in the education and development of youth, leaving a lasting impact on individuals and the community as a whole.




This information is meant to be a general summary of Michael Bartone Memorial 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.

Revenue
$5,705 (2022)
Expenses
$20,523 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,105
  • Gross Receipts: $5,705

Assets and Liabilities:

  • Total Assets: $163,201
  • Total Liabilities: $0
  • Net Assets: $163,201

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Organization Details

Founding Year

2002

Principal Officer

Dominick Bartone

Main Address

341 E LANCASTER AVE, DOWNINGTOWN, PA, 19335

NTEE Category

Code: T20 - Philanthropy

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