Edith Stewart Chase Foundation Agy

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

EIN: 043242344 ✦ Hanover, MA ✦ Designated as a 501(c)(3)

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Overview

What is Edith Stewart Chase Foundation Agy?

The Edith Stewart Chase Foundation Agy is a nonprofit organization that serves retired members of the Retired Educators Association of Massachusetts (REAM). Their primary mission is to provide temporary assistance to those individuals who find themselves in need. Through their program, REAM, they offer aid to their retired members during challenging times. The foundation's work is centered on supporting the well-being of retired educators, ensuring they maintain a decent standard of living.


Official website here: www.edithstewartchasefoundation.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 43% (Zero-Star out of Four Star rating)

The Edith Stewart Chase Foundation has received a low rating of 43% from Charity Navigator, which indicates concerns regarding its accountability and financial practices. The foundation has a perfect score for board independence and asset management, reflecting a strong governance structure. However, significant issues arise in areas such as conflict of interest and whistleblower policies, where it scored zero points, which raises concerns about transparency and ethical oversight.

The program expense ratio stands at 48.11%, suggesting that less than half of its expenditures are directed towards its programs. This could indicate inefficiencies in utilizing funds effectively for the intended charitable missions. Additionally, the organization has not posted its tax form on its website, which detracts from its commitment to accountability and further lowers its overall rating.

Overall, while the foundation demonstrates strengths in certain governance aspects, the lack of essential policies and low program expenditure efficiency are notable limitations. Prospective donors and stakeholders may want to consider these factors carefully when evaluating their support for the Edith Stewart Chase Foundation.


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

Is Edith Stewart Chase Foundation Agy legitimate?

Edith Stewart Chase Foundation Agy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Edith Stewart Chase Foundation Agy 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.edithstewartchasefoundation.org

What is the mission statement of Edith Stewart Chase Foundation Agy?

The Edith Stewart Chase Foundation Agy is committed to providing temporary assistance to retired educators who are members of the Retired Educators Association of Massachusetts (REAM), when they find themselves in need of such support. The foundation's mission is centered around extending a helping hand to these individuals during challenging times. By offering this assistance, the foundation aims to alleviate some of the financial burdens faced by these retired educators, thereby ensuring their well-being and continuity of their post-career lives. The foundation's program, REAM, is instrumental in providing this temporary aid, demonstrating their dedication to supporting the retired educators within their community.


Official website here: www.edithstewartchasefoundation.org

Who is the CEO of Edith Stewart Chase Foundation Agy?

Margaret Bilodeau is the Trustee of Edith Stewart Chase Foundation Agy.


Official website here: www.edithstewartchasefoundation.org

What is the revenue of Edith Stewart Chase Foundation Agy?

Edith Stewart Chase Foundation Agy's revenue in 2022 was $51,472.


Official website here: www.edithstewartchasefoundation.org

Who are the executives of Edith Stewart Chase Foundation Agy and what are their salaries?

There 8 volunteers at Edith Stewart Chase Foundation Agy.


Here are 5 key members and their salaries:


Margaret Bilodeau (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Carlton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christine Hassan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lois Jacobs (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Hugh Knox (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.edithstewartchasefoundation.org

Where can I find the form 990 for Edith Stewart Chase Foundation Agy?

Edith Stewart Chase Foundation Agy's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.edithstewartchasefoundation.org

Learn more at the official website: www.edithstewartchasefoundation.org

Mission Statement of Edith Stewart Chase Foundation Agy

The Edith Stewart Chase Foundation Agy, named after its benefactor, is committed to providing temporary assistance to retired members of the Retired Educators Association of Massachusetts (REAM). This nonprofit organization's mission is to extend a helping hand to those former educators who find themselves in financial need. By offering aid on a temporary basis, the foundation aims to alleviate some of the struggles faced by these retired individuals, thereby contributing to their overall well-being.

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Impact




October, 2024

The Edith Stewart Chase Foundation Agy plays a crucial role in supporting retired educators in Massachusetts who find themselves facing temporary hardships. By providing essential assistance to members of the Retired Educators Association of Massachusetts (REAM), the foundation helps ensure that these individuals can navigate challenging times without undue financial stress. This support not only reinforces the value of their lifetime contributions to education but also fosters a sense of community among retired educators. Through its targeted assistance programs, the foundation effectively addresses the immediate needs of retired members, enabling them to maintain their dignity and quality of life during tough periods. Overall, the foundation's impact extends beyond financial support; it nurtures a caring network that honors the legacy and sacrifices of retired educators.




This information is meant to be a general summary of Edith Stewart Chase Foundation Agy. 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
$51,472 (2022)
Expenses
$33,036 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $49,002
  • Gross Receipts: $71,396

Assets and Liabilities:

  • Total Assets: $1,284,671
  • Total Liabilities: $0
  • Net Assets: $1,284,671

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Organization Details

Founding Year

1994

Principal Officer

Margaret Bilodeau

Main Address

2036 WASHINGTON STREET, HANOVER, MA, 02339

NTEE Category

Code: Z99Z - Unknown

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