Overview
What is Foundation For Metrowest Inc?
Foundation For Metrowest Inc, located at 3 ELIOT STREET, NATICK, MA, 01760, serves as a vital connector between philanthropic opportunities and demonstrated needs in the Metrowest region. This nonprofit organization promotes philanthropy within the community, aiding donors in maximizing the impact of their local giving. Acting as a resource for local non-profit organizations, they strive to enhance the quality of life for all citizens in the area. By distributing grants and loans, the Foundation For Metrowest Inc plays a significant role in supporting local agencies with their funding needs. With a team of 12 dedicated individuals, they continue their mission to bridge the gap between philanthropy and the community's needs, ultimately improving life in Metrowest.
Official website here: www.foundationformetrowest.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Foundation For Metrowest Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflecting an exemplary commitment to accountability and financial management. The organization excels with a perfect score in all evaluated areas, demonstrating strong oversight and governance through an entirely independent board and comprehensive financial policies.
The nonprofit's financial health is robust, with a low liabilities-to-assets ratio and high program expense ratio, indicating that a significant portion of funds goes directly to its programs. Additionally, the fundraising efficiency is commendable, with minimal costs associated with raising funds, showcasing prudent financial practices.
There are no noted limitations or concerns in the feedback, suggesting that Foundation For Metrowest Inc operates with a high level of transparency and integrity, easily fulfilling its mission without financial discrepancies. Overall, this organization represents a model of nonprofit excellence.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Metrowest Inc legitimate?
Foundation For Metrowest Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Metrowest 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: $345,534
Professional Fundraising Fees: $0
Other Salaries and Wages: $694,339
For more financial information, click here
Official website here: www.foundationformetrowest.org
What is the mission statement of Foundation For Metrowest Inc?
The Foundation for Metrowest Inc serves as a bridge between philanthropic opportunities and demonstrated needs in its region. It promotes philanthropy, assists donors in maximizing the impact of their local giving, and acts as a resource for local non-profit organizations. The organization's mission is to enhance the quality of life for all citizens by attracting funds to distribute grants and loans to local agencies, thereby creating awareness for charitable giving among community businesses and the general public.
Official website here: www.foundationformetrowest.org
Who is the CEO of Foundation For Metrowest Inc?
Michael Mcauliffe is the Chairman of Foundation For Metrowest Inc.
Official website here: www.foundationformetrowest.org
What is the revenue of Foundation For Metrowest Inc?
Foundation For Metrowest Inc's revenue in 2022 was $4,580,455.
Official website here: www.foundationformetrowest.org
Who are the executives of Foundation For Metrowest Inc and what are their salaries?
The average compensation at Foundation For Metrowest Inc during 2022 was $86,656. There are 12 employees and 50 volunteers at Foundation For Metrowest Inc.
Here are 24 key members and their salaries:
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- Other: $6,995
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Official website here: www.foundationformetrowest.org
Where can I find the form 990 for Foundation For Metrowest Inc?
Foundation For Metrowest Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.foundationformetrowest.org
Learn more at the official website: www.foundationformetrowest.org
Mission Statement of Foundation For Metrowest Inc
The Foundation for Metrowest, a prominent nonprofit organization, aims to bridge philanthropic prospects with evident needs within the Metrowest region. By promoting philanthropy in the area, the foundation encourages local businesses and individuals to contribute to charitable causes. Additionally, it serves as a valuable resource for local non-profit organizations, assisting them in maximizing the impact of their fundraising efforts. Ultimately, the Foundation for Metrowest strives to enhance the quality of life for all citizens in the region, demonstrating its commitment to the well-being of its community.
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Impact
July, 2024
Foundation For Metrowest Inc connects philanthropic opportunity with demonstrated need in Metrowest. It promotes philanthropy in the region, helps donors maximize the impact of their local giving, serves as a resource for local nonprofit organizations, and enhances the quality of life for all of our citizens. The organization attracts funds to distribute grants and loans to local agencies by creating awareness among community businesses and the general public for charitable giving.
This information is meant to be a general summary of Foundation For Metrowest 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: $24,599
- Program Service Revenue: $9,256
- Gross Receipts: $12,816,736
Assets and Liabilities:
- Total Assets: $26,238,503
- Total Liabilities: $1,209,201
- Net Assets: $25,029,302
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEE REVENUE
Revenue
$9,256
Organization Details
Founding Year
1995
Phone
(508) 647-2260Principal Officer
Michael Mcauliffe
Main Address
3 ELIOT STREET, NATICK, MA, 01760
NTEE Category
Code: T31 - Philanthropy
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