Overview
What is Davis Memorial Fund Inc?
Davis Memorial Fund Inc, located at 25 Lawrence Avenue, Lawrence, New York, is a nonprofit organization committed to supporting charitable activities. Their primary objective is to provide financial assistance to disadvantaged children and needy families. This aid extends beyond monetary support, as they also offer discount certificates to help cover expenses related to food, clothing, and shelter. Furthermore, Davis Memorial Fund Inc has a particular focus on providing special education opportunities for children from single-parent families. With a small team of three individuals, this organization works tirelessly to improve the lives of those in need.
Official website here: www.davismemorialfund.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Davis Memorial Fund Inc has received a two-star rating from Charity Navigator, indicating significant areas for improvement in its accountability and financial practices. The organization scored 69% overall, reflecting strengths in governance with 10 independent board members and a high program expense ratio of 96.14%, suggesting that most of its funds are directed towards programs rather than administrative costs.
However, the nonprofit faces critical challenges, particularly in financial reporting and transparency. It scored zero on several accountability metrics, including financial statements, conflict of interest policy, and document retention policies. Additionally, the fundraising efficiency ratio is notably low at $0.01, raising concerns about the effectiveness of its fundraising efforts.
While the organization demonstrates a commitment to its mission by allocating a significant portion of its expenses to programs, its lack of comprehensive financial oversight and accountability measures may hinder its long-term sustainability and public trust. Addressing these limitations could enhance its overall effectiveness and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Davis Memorial Fund Inc legitimate?
Davis Memorial Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Davis Memorial Fund 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: $39,260
Other Salaries and Wages: $148,667
For more financial information, click here
Official website here: www.davismemorialfund.org/
What is the mission statement of Davis Memorial Fund Inc?
Davis Memorial Fund Inc's mission is centered around supporting charitable activities. They achieve this by providing financial assistance to disadvantaged children and needy families. This aid extends beyond monetary support, as they also offer discount certificates to help cover essential expenses such as food, clothing, and shelter. Furthermore, the organization offers special educational assistance to children from single-parent families. In essence, Davis Memorial Fund Inc strives to enhance the lives of disadvantaged individuals through their charitable initiatives.
Official website here: www.davismemorialfund.org/
Who is the CEO of Davis Memorial Fund Inc?
David Greenblatt is the President of Davis Memorial Fund Inc.
Official website here: www.davismemorialfund.org/
What is the revenue of Davis Memorial Fund Inc?
Davis Memorial Fund Inc's revenue in 2022 was $9,164,115.
Official website here: www.davismemorialfund.org/
Who are the executives of Davis Memorial Fund Inc and what are their salaries?
The average compensation at Davis Memorial Fund Inc during 2022 was $49,556. There are 3 employees and 16 volunteers at Davis Memorial Fund Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.davismemorialfund.org/
Where can I find the form 990 for Davis Memorial Fund Inc?
Davis Memorial Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.davismemorialfund.org/
Learn more at the official website: www.davismemorialfund.org/
Mission Statement of Davis Memorial Fund Inc
Davis Memorial Fund Inc is an organization dedicated to supporting charitable activities. Their mission is centered around providing financial assistance to families in need and disadvantaged children. In pursuit of this objective, they offer direct cash assistance and discount certificates to help cover expenses related to food, clothing, and shelter. Furthermore, the fund extends its support to provide special education opportunities for children from single-parent families. By offering these resources, Davis Memorial Fund Inc aims to contribute positively to the lives of those in need, thus fulfilling its mission of charitable support.
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Impact
July, 2024
Davis Memorial Fund Inc's impact can be seen in the tangible support it provides to needy families and disadvantaged children in Lawrence, NY. By offering direct cash assistance and discount certificates for essential needs such as food, clothing, and shelter, the organization is able to alleviate financial burdens and improve the quality of life for those in vulnerable situations. Additionally, by supporting special education initiatives for children from single-parent families, Davis Memorial Fund Inc is investing in the future potential of these young individuals and helping to break the cycle of poverty. Through its focused mission on human services, the organization is making a meaningful difference in the lives of those it serves.
This information is meant to be a general summary of Davis Memorial Fund 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: -$12,982
- Gross Receipts: $9,317,756
Assets and Liabilities:
- Total Assets: $3,600,897
- Total Liabilities: $1,149,481
- Net Assets: $2,451,416
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Organization Details
Founding Year
2002
Phone
(516) 295-0296Principal Officer
David Greenblatt
Main Address
25 LAWRENCE AVENUE, LAWRENCE, NY, 11559
Website
www.davismemorialfund.org/NTEE Category
Code: P20 - Human services
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