Overview
What is The Marcus Foundation Inc?
The Marcus Foundation Inc, situated in Hopedale, Massachusetts, serves as a dedicated nonprofit organization with a primary focus on supporting research related to childhood brain tumors. To achieve this mission, they organize charitable events and actively seek public donations. Their activities are geared towards funding research projects aimed at advancing treatments for these tumors. The Foundation's commitment to this cause contributes significantly to the medical community's ongoing efforts to combat pediatric brain tumors.
Official website here: www.marcus.foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Star rating.
The Marcus Foundation Inc has received a low score of 56%, which translates to a One-Star rating, indicating significant concerns regarding its accountability and financial practices. The organization has no independent board members, which raises questions about governance and oversight. While it does demonstrate good financial health with no material diversion of assets and a strong program expense ratio of nearly 86%, the lack of independent oversight and missing policies reflects serious deficiencies in transparency and governance.
In terms of strengths, the foundation has maintained a solid program expense ratio, indicating that a significant portion of its funds is allocated towards its stated mission. However, it suffers from multiple weaknesses related to governance policies. The absence of a conflict of interest policy and whistleblower policy, along with the lack of an independent board, suggests risks in managing ethical standards and maintaining accountability.
Overall, while The Marcus Foundation Inc shows promise in its financial management, the lack of necessary governance policies and independent oversight points to significant areas for improvement. Donors and stakeholders may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Marcus Foundation Inc legitimate?
The Marcus Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Marcus Foundation Inc 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.marcus.foundation
What is the mission statement of The Marcus Foundation Inc?
The Marcus Foundation Inc's mission is centered around providing financial aid for research focused on treating childhood brain tumors. This is achieved through organizing charitable events and soliciting public donations. The primary goal of the foundation is to contribute to advancements in this field, ultimately aiming to improve the outcomes for children afflicted by these tumors. The foundation's activities primarily revolve around raising funds, with the ultimate objective of supporting groundbreaking research in the treatment of childhood brain tumors.
Official website here: www.marcus.foundation
Who is the CEO of The Marcus Foundation Inc?
Mark Niziak is the President of The Marcus Foundation Inc.
Official website here: www.marcus.foundation
What is the revenue of The Marcus Foundation Inc?
The Marcus Foundation Inc's revenue in 2022 was $48,855.
Official website here: www.marcus.foundation
Who are the executives of The Marcus Foundation Inc and what are their salaries?
There 3 volunteers at The Marcus Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.marcus.foundation
Where can I find the form 990 for The Marcus Foundation Inc?
The Marcus Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.marcus.foundation
Learn more at the official website: www.marcus.foundation
Mission Statement of The Marcus Foundation Inc
The Marcus Foundation Inc, a philanthropic organization, is dedicated to supporting research in the treatment of childhood brain tumors. Its mission is to raise funds and organize charitable events, attracting public donations, with the primary goal of advancing research in this critical field. By providing financial backing to relevant studies, the foundation aims to contribute significantly to the development of more effective and less invasive treatment methods for young patients battling brain tumors. Through its efforts, the Marcus Foundation Inc plays a crucial role in supporting the medical community's quest for improved outcomes and quality of life for children diagnosed with brain tumors.
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Impact
August, 2024
The Marcus Foundation Inc's impact is evident in its dedicated efforts to provide crucial financial support for research in childhood brain tumor treatment. This support plays a vital role in advancing medical knowledge and developing innovative therapies to combat this devastating disease. Through organizing charity events, fundraising efforts, and soliciting public donations, the foundation has been able to channel resources towards research initiatives aimed at improving the lives of children affected by brain tumors. By focusing on this critical area of need, The Marcus Foundation Inc is making a tangible difference in the fight against childhood brain tumors.
This information is meant to be a general summary of The Marcus Foundation Inc. 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: $27,938
- Gross Receipts: $53,855
Assets and Liabilities:
- Total Assets: $564,495
- Total Liabilities: $0
- Net Assets: $564,495
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Organization Details
Founding Year
1990
Phone
(508) 478-5567Principal Officer
Mark Niziak
Main Address
7 Cutler St, Hopedale, MA, 01747
Website
www.marcus.foundationNTEE Category
Code: G48Z - Disease
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