Overview
What is The Martin J Lafoley Foundation 30-1190-00?
The Martin J Lafoley Foundation 30-1190-00 is a nonprofit organization situated in Center Harbor, New Hampshire. Its primary objective is to grant funds to various organizations that cater to the educational and athletic needs of students with special abilities. These grantees are chosen based on their commitment to helping students achieve their academic, social, and amateur athletic goals. The foundation also supports athletic and special needs programs, such as ski programs, for these students. In essence, the Martin J Lafoley Foundation aims to provide scholarships and financial aid to deserving students who demonstrate a strong desire to excel in their academic pursuits, social values, and amateur athletics.
Official website here: www.mjfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (60%)
The Martin J Lafoley Foundation has received a rating of "Needs Improvement" from Charity Navigator, indicating that there are significant areas for enhancement in their operations and governance. The foundation achieves a perfect score for having a majority of independent board members and an excellent liabilities to assets ratio, reflecting some strengths in financial stability and governance structure. However, the overall score suggests that there are notable concerns that need to be addressed.
The organization faces critical weaknesses in its accountability and financial practices. Several key policies, including conflict of interest and whistleblower policies, are not in place, which raises questions about transparency and ethical governance. Additionally, the absence of documented board meeting minutes and the failure to post tax forms on the nonprofit's website further contribute to a lack of accessibility and accountability in their operations.
While the foundation allocates a decent portion of its funds to program expenses, the overall score of 60% implies that improvements in governance and compliance are essential. Addressing these areas could enhance the foundation's credibility and effectiveness in fulfilling its mission, thereby potentially increasing donor confidence and support.
This AI summary has been generated from information found on Charity Navigator.
Is The Martin J Lafoley Foundation 30-1190-00 legitimate?
The Martin J Lafoley Foundation 30-1190-00 is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Martin J Lafoley Foundation 30-1190-00 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.mjfoundation.org
What is the mission statement of The Martin J Lafoley Foundation 30-1190-00?
The Martin J Lafoley Foundation 30-1190-00's mission is centered around providing scholarships and financial aid to deserving students who demonstrate a strong commitment to academic excellence, social values, and amateur athletics. The foundation's activities extend beyond direct scholarship provision, as it also grants funds to organizations that support secondary school students with special needs in achieving their educational goals or participating in amateur athletics. Additionally, the foundation provides aid to athletic programs and initiatives for students with special needs, including ski programs, thereby fostering a holistic approach to their development.
Official website here: www.mjfoundation.org
What is the revenue of The Martin J Lafoley Foundation 30-1190-00?
The Martin J Lafoley Foundation 30-1190-00's revenue in 2024 was $13,033.
Official website here: www.mjfoundation.org
Who are the executives of The Martin J Lafoley Foundation 30-1190-00 and what are their salaries?
There 4 volunteers at The Martin J Lafoley Foundation 30-1190-00.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mjfoundation.org
Where can I find the form 990 for The Martin J Lafoley Foundation 30-1190-00?
The Martin J Lafoley Foundation 30-1190-00's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.mjfoundation.org
Learn more at the official website: www.mjfoundation.org
Mission Statement of The Martin J Lafoley Foundation 30-1190-00
The Martin J Lafoley Foundation, with the identification number 30-1190-00, is committed to providing scholarships and financial aid to deserving students. These students demonstrate a strong desire to excel not only in their academic pursuits but also in their social values and amateur athletics. The foundation's mission is to support organizations that cater to students of secondary school age, assisting them in achieving their educational goals or excelling in amateur athletics. The foundation also extends its support to athletic programs and special needs initiatives, such as ski programs, for students. By providing these resources, The Martin J Lafoley Foundation aims to encourage and empower young individuals, fostering their growth and development in various aspects of their lives.
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Impact
August, 2024
The impact of The Martin J Lafoley Foundation 30-1190-00 is evident in its dedication to providing scholarships and financial aid to deserving students who demonstrate a strong commitment to excelling in academics, social values, and amateur athletics. By offering support to students with special needs and those striving to achieve educational or athletic goals, the foundation plays a crucial role in helping individuals reach their full potential. Additionally, by granting funds to organizations serving secondary school students and athletic or special needs programs, including ski programs, the foundation contributes to creating opportunities for growth, development, and success among young people. Through its mission to support students in various aspects of their lives, The Martin J Lafoley Foundation 30-1190-00 has a meaningful impact on the academic and personal journeys of many individuals.
This information is meant to be a general summary of The Martin J Lafoley Foundation 30-1190-00. 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 2024.
- Investment Income: $22,646
- Gross Receipts: $111,949
Assets and Liabilities:
- Total Assets: $493,209
- Total Liabilities: $0
- Net Assets: $493,209
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Organization Details
Founding Year
1992
Principal Officer
Beverly Lafoley
Website
www.mjfoundation.orgNTEE Category
Code: Z99 - Unknown
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