Overview
What is Draper Holdings Charitable Foundation I?
Draper Holdings Charitable Foundation I is a charitable organization situated within the Delmarva Peninsula region. The foundation's primary mission is to support tax-exempt institutions, including those that are religious, educational, scientific, or charitable, by providing funding to entities deemed worthy. The majority of its beneficiaries reside within the Delmarva Peninsula. The foundation's primary goal is to aid children in need in this region. To accomplish this, it has contributed to 147 non-profit organizations in Maryland, Delaware, and Virginia through its 'Bless Our Children' campaign, offering financial assistance to support children's needs. Beyond this campaign, the foundation also extends its donations and support to various other causes.
Official website here: www.draperholdingsfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star Rating)
Draper Holdings Charitable Foundation I has received a solid Three-Star rating from Charity Navigator, with an overall score of 88%. This score is primarily based on the Accountability and Finance category, reflecting the organization's strong governance practices and financial health. The charity achieved perfect scores in several key areas, including having an entirely independent board and no material diversion of assets.
The foundation's financial management is commendable, as evidenced by a 100% program expense ratio, indicating that all its expenses are dedicated to supporting its mission. Additionally, it has an impressive liability-to-assets ratio of 0.00%, demonstrating a stable financial position. The organization also showcases transparency through its board meeting minutes and conflict of interest policy being readily available.
However, there are minor shortcomings, such as the absence of a whistleblower policy and document retention and destruction policy, which received a score of zero. While these factors do not significantly detract from its overall strong performance, improving in these areas could enhance the foundation's governance framework further.
This AI summary has been generated from information found on Charity Navigator.
Is Draper Holdings Charitable Foundation I legitimate?
Draper Holdings Charitable Foundation I is a legitimate nonprofit organization registered as a 501(c)(3) entity. Draper Holdings Charitable Foundation I 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.draperholdingsfoundation.org
What is the mission statement of Draper Holdings Charitable Foundation I?
Draper Holdings Charitable Foundation I's mission is centered around providing financial support to tax-exempt charitable, religious, educational, and scientific institutions. The foundation exhibits a strong focus on aiding organizations deemed worthy, primarily serving individuals residing within the Delmarva Peninsula. The organization's primary objective is to assist children in need, as demonstrated through its involvement in the "Bless Our Children" campaign. Beyond this initiative, the foundation also extends other forms of donations and aid to various non-profit organizations.
Official website here: www.draperholdingsfoundation.org
Who is the CEO of Draper Holdings Charitable Foundation I?
Joe Moore is the Vice President of Draper Holdings Charitable Foundation I.
Official website here: www.draperholdingsfoundation.org
What is the revenue of Draper Holdings Charitable Foundation I?
Draper Holdings Charitable Foundation I's revenue in 2022 was $675,909.
Official website here: www.draperholdingsfoundation.org
Who are the executives of Draper Holdings Charitable Foundation I and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.draperholdingsfoundation.org
Where can I find the form 990 for Draper Holdings Charitable Foundation I?
Draper Holdings Charitable Foundation I's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.draperholdingsfoundation.org
Learn more at the official website: www.draperholdingsfoundation.org
Mission Statement of Draper Holdings Charitable Foundation I
Draper Holdings Charitable Foundation I is dedicated to supporting various tax-exempt charitable, religious, educational, and scientific institutions. The foundation deems these organizations worthy of funding, primarily focusing on beneficiaries residing in the Delmarva Peninsula. Beyond this, the organization's primary mission lies in assisting children in need within the same region. This is achieved through the "Bless Our Children" campaign, an initiative where the foundation has provided financial aid to 147 non-profit organizations based in Maryland, Delaware, and Virginia. Beyond this campaign, Draper Holdings Charitable Foundation I also extends its support and donations to other non-profit organizations, not directly affiliated with the "Bless Our Children" campaign.
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Impact
July, 2024
Draper Holdings Charitable Foundation I has a significant impact in the community by providing funding to tax-exempt charitable, religious, educational, or scientific institutions. Primarily focusing on residents of the Delmarva Peninsula, the foundation's mission is to support children in need in the area. Through their "Bless Our Children" campaign, they have assisted 147 non-profit organizations in Maryland, Delaware, and Virginia, specifically targeting children. Additionally, the foundation extends other forms of donations and assistance beyond this campaign, making a tangible difference in the lives of those in need on Delmarva.
This information is meant to be a general summary of Draper Holdings Charitable Foundation I. 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: $82,373
- Gross Receipts: $675,909
Assets and Liabilities:
- Total Assets: $3,908,869
- Total Liabilities: $0
- Net Assets: $3,908,869
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Organization Details
Founding Year
2005
Phone
(410) 749-1111Principal Officer
Joe Moore
Main Address
1729 NORTH SALISBURY BLVD, SALISBURY, MD, 21801
NTEE Category
Code: T30 - Philanthropy
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