Overview
What is Adagp Charitable Foundation?
Adagp Charitable Foundation, also known as Auto Dealers Caring for Kids Foundation, is a compassionate nonprofit organization based in Norristown, Pennsylvania. Its primary mission is to improve the lives of children and youth in the communities where its dealer members reside and work. Achieving this goal, the foundation organizes an annual New Coat Program, donating thousands of new winter coats to local children in need. In the fall of 2022, the foundation distributed 58,239 coats with the help of 175 new car dealerships and over 299 social service agencies. The foundation's efforts are geared towards enhancing and enriching the lives of underprivileged children in the community, providing them with essential winter clothing.
Official website here: www.morethanautodealers.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Adagp Charitable Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The overall score is derived entirely from its high performance in financial management, with a notable Accountability & Finance Score of 96%. This rating indicates that the foundation maintains transparency and effective financial practices.
Strengths of the Adagp Charitable Foundation include a fully independent board, which enhances its governance and decision-making processes. The foundation has received full marks for its audit and oversight committee, as well as for its policies regarding conflicts of interest and whistleblower protections. Additionally, the foundation's program expense ratio of nearly 88% suggests that a significant portion of its funding is utilized directly for its charitable programs.
While the Adagp Charitable Foundation demonstrates robust financial health and governance practices, potential limitations are not explicitly mentioned in the data provided. However, regular review of its programs and impact would be beneficial for stakeholders to ensure ongoing effectiveness and relevance in its charitable mission.
This AI summary has been generated from information found on Charity Navigator.
Is Adagp Charitable Foundation legitimate?
Adagp Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Adagp Charitable 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.morethanautodealers.com
What is the mission statement of Adagp Charitable Foundation?
The Adagp Charitable Foundation's mission is centered around enhancing and enriching the lives of children and youth in the communities where its dealer members reside and operate. As part of this mission, the foundation organizes an annual New Coat Program, providing tens of thousands of new winter coats to local children in need. The objective of this program is straightforward; to ensure that children in need have access to new winter coats, thereby avoiding going without during the colder seasons. In the fall of 2022, the New Coat Program received support from 175 new car dealerships, distributing 58,239 new, child-sized coats. The foundation collaborates with various social services agencies to ensure that the coats reach the children who need them the most.
Official website here: www.morethanautodealers.com
Who is the CEO of Adagp Charitable Foundation?
Kevin Mazzucola is the President of Adagp Charitable Foundation.
Official website here: www.morethanautodealers.com
What is the revenue of Adagp Charitable Foundation?
Adagp Charitable Foundation's revenue in 2023 was $1,545,293.
Official website here: www.morethanautodealers.com
Who are the executives of Adagp Charitable Foundation and what are their salaries?
There 60 volunteers at Adagp Charitable Foundation.
Here are 16 key members and their salaries:
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- Related: $391,430
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- Related: $106,606
- Other: $13,806
Official website here: www.morethanautodealers.com
Where can I find the form 990 for Adagp Charitable Foundation?
Adagp Charitable Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.morethanautodealers.com
Learn more at the official website: www.morethanautodealers.com
Mission Statement of Adagp Charitable Foundation
The Adagp Charitable Foundation is driven by a mission to uplift and enrich the lives of children and youth residing in the communities where its dealer members operate and reside. A significant part of its mission is realized through an annual New Coat Program. This program, with a straightforward objective, aims to provide new winter coats to local children in need who would otherwise be without them. The New Coat Program garnered support from 175 new car dealerships, enabling the distribution of 58,239 new, child-sized coats in the fall of 2022. The foundation and the dealerships collaborated with over 299 social services agencies to ensure these coats reached the children who required them most, demonstrating the foundation's commitment to its mission.
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Impact
July, 2024
Adagp Charitable Foundation's impact is significant in enhancing and enriching the lives of children and youth in the communities where its dealer members work and live. Through their New Coat Program, the foundation has provided tens of thousands of new winter coats to local children in need. In the fall of 2022, with the support of 175 new car dealerships, they were able to give away 58,239 new child-sized coats. By partnering with over 299 social services agencies, they ensure that these coats reach the children who need them the most. This philanthropic initiative directly addresses the immediate needs of vulnerable children, making a tangible difference in their lives and contributing to their well-being.
This information is meant to be a general summary of Adagp Charitable 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 2023.
- Investment Income: $117,186
- Gross Receipts: $2,390,539
Assets and Liabilities:
- Total Assets: $6,122,760
- Total Liabilities: $721,831
- Net Assets: $5,400,929
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Organization Details
Founding Year
2003
Phone
(610) 279-5229Principal Officer
Kevin Mazzucola
Main Address
3311 SWEDE RD STE A, NORRISTOWN, PA, 194011343
Website
www.morethanautodealers.comNTEE Category
Code: T12 - Philanthropy
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