Overview
What is Unico Merrimack Valley Foundation Inc Co Lawrence J Ardito?
Unico Merrimack Valley Foundation Inc Co Lawrence J Ardito is a nonprofit organization based in North Andover, Massachusetts, specifically at 40 Bayfield Drive. Their primary focus is on raising funds for charitable and educational activities within the Merrimack Valley community. They achieve this goal through various fundraising events, such as golf tournaments, silent auctions, and dinners. The funds collected are subsequently allocated to provide educational scholarships and grants to local charities, ensuring the betterment of the community they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (50%)
The Unico Merrimack Valley Foundation Inc has received a low rating of 50%, indicating significant concerns regarding its governance and transparency. The organization scored particularly poorly in areas related to board independence, accountability, and the availability of key policies, such as a conflict of interest policy and a whistleblower policy. These areas are critical for building trust and demonstrating responsible management in nonprofit operations.
Despite the low rating, the foundation has some strengths, particularly in its program expense ratio, which stands at 95.03%. This suggests that a substantial portion of its expenditures is directed towards its programs, showcasing a commitment to fulfilling its mission. Additionally, the organization has a commendable liabilities to assets ratio of 1.90%, indicating financial stability in terms of its obligations.
However, the lack of independent board members and the absence of crucial governance documents, including meeting minutes and tax forms on its website, raise significant red flags. These limitations highlight the need for improvement in transparency and accountability, which are essential for fostering donor confidence and ensuring effective operations within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Unico Merrimack Valley Foundation Inc Co Lawrence J Ardito legitimate?
Unico Merrimack Valley Foundation Inc Co Lawrence J Ardito is a legitimate nonprofit organization registered as a 501(c)(3) entity. Unico Merrimack Valley Foundation Inc Co Lawrence J Ardito 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
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What is the mission statement of Unico Merrimack Valley Foundation Inc Co Lawrence J Ardito?
The Unico Merrimack Valley Foundation Inc, through various fundraising events such as golf tournaments, silent auctions, and dinners, aims to raise funds for charitable and educational activities. The funds collected are utilized for providing educational scholarships and grants to local charities and organizations. This non-profit organization is dedicated to supporting the community by granting awards to various charities, organizations, and schools within the Merrimack Valley region.
Who is the CEO of Unico Merrimack Valley Foundation Inc Co Lawrence J Ardito?
Lawrence J Ardito is the President of Unico Merrimack Valley Foundation Inc Co Lawrence J Ardito.
What is the revenue of Unico Merrimack Valley Foundation Inc Co Lawrence J Ardito?
Unico Merrimack Valley Foundation Inc Co Lawrence J Ardito's revenue in 2022 was $35,670.
Who are the executives of Unico Merrimack Valley Foundation Inc Co Lawrence J Ardito and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Unico Merrimack Valley Foundation Inc Co Lawrence J Ardito?
Unico Merrimack Valley Foundation Inc Co Lawrence J Ardito's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Unico Merrimack Valley Foundation Inc Co Lawrence J Ardito
Unico Merrimack Valley Foundation Inc Co Lawrence J Ardito is an organization dedicated to raising funds for charitable and educational activities within its community. They achieve this goal through various fundraising events, such as golf tournaments, silent auctions, and dinners. The funds raised by this foundation are then distributed in the form of scholarships and grants to local charities, organizations, and schools that support the Merrimack Valley community.
In essence, Unico Merrimack Valley Foundation Inc Co Lawrence J Ardito serves as a benefactor, providing financial aid to deserving entities that contribute to the betterment of their community. By hosting fundraising events and allocating the proceeds to worthy causes, this foundation plays a crucial role in supporting the Merrimack Valley's charitable and educational sector.
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Impact
August, 2024
Lawrence J Ardito's impact through the Unico Merrimack Valley Foundation Inc is significant in supporting the Merrimack Valley community. By organizing fundraising events such as golf tournaments, silent auctions, and dinners, funds are raised to provide educational scholarships and grants to local charities. These awards benefit various local organizations, schools, and charities, ultimately contributing to the betterment of the community in North Andover, MA. Ardito's efforts help to promote education and support charitable initiatives, making a positive impact on the lives of many in the Merrimack Valley area.
This information is meant to be a general summary of Unico Merrimack Valley Foundation Inc Co Lawrence J Ardito. 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: $9,879
- Gross Receipts: $80,811
Assets and Liabilities:
- Total Assets: $158,510
- Total Liabilities: $0
- Net Assets: $158,510
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Organization Details
Phone
(978) 688-2880Principal Officer
Lawrence J Ardito
Main Address
40 BAYFIELD DRIVE, NORTH ANDOVER, MA, 01845
NTEE Category
Code: B82 - Education
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