Overview
What is The Stacy Joy Goodman Memorial Foundation Inc?
The Stacy Joy Goodman Memorial Foundation Inc, located in Miami, Florida, is a charitable organization dedicated to supporting and funding medical research for juvenile diabetes. They work in close collaboration with the Diabetes Research Institute, providing grants for diabetes-related studies. Their mission is to contribute to and support medical research, exclusively for charitable, educational, and scientific purposes. They fall under the category of exempt organizations under Section 501(C)(3) of the Internal Revenue Code, thereby allowing for tax-deductible donations. The foundation's primary goal is to make a significant impact in the field of pediatric diseases, contributing to advancements in healthcare and treatment options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 20%
The Stacy Joy Goodman Memorial Foundation Inc has received a low rating of 20%, resulting in a Zero-Star out of Four Star rating. This indicates significant concerns regarding the organization's accountability and financial management. While the foundation does have a majority of independent board members, its overall performance in financial transparency and governance practices is lacking, as evidenced by missing policies and documentation.
Key strengths include the lack of material diversion of assets and a high percentage of independent board members, which suggests some level of oversight. However, the organization has numerous shortcomings in critical areas, such as the absence of a conflict of interest policy, whistleblower policy, and proper documentation of board meeting minutes. These deficiencies contribute to a lack of transparency that could affect donor confidence.
Additionally, the foundation's program expense ratio of approximately 41.98% raises concerns over its efficiency in allocating funds towards its intended mission. The overall financial health, indicated by a liabilities to assets ratio of 0.00%, provides some reassurance but is overshadowed by the organization's governance issues and lack of vital policies. Overall, potential donors should approach this nonprofit with caution given the significant areas needing improvement.
This AI summary has been generated from information found on Charity Navigator.
Is The Stacy Joy Goodman Memorial Foundation Inc legitimate?
The Stacy Joy Goodman Memorial Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Stacy Joy Goodman Memorial Foundation 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: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Stacy Joy Goodman Memorial Foundation Inc?
The Stacy Joy Goodman Memorial Foundation Inc's mission is centered around supporting medical research for diseases that affect children. More specifically, they aim to contribute to and support charitable, educational, and scientific purposes related to these diseases. This includes making distributions to organizations that qualify as exempt under section 501(C)(3) of the Internal Revenue Code. The foundation is actively engaged in this mission, working closely with the Diabetes Research Institute by funding several grants for diabetes research. Their primary focus is on juvenile diabetes, contributing to advancements in understanding and treatment of this condition.
Who is the CEO of The Stacy Joy Goodman Memorial Foundation Inc?
Marc S Goodman is the President of The Stacy Joy Goodman Memorial Foundation Inc.
What is the revenue of The Stacy Joy Goodman Memorial Foundation Inc?
The Stacy Joy Goodman Memorial Foundation Inc's revenue in 2022 was $69,442.
Who are the executives of The Stacy Joy Goodman Memorial Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Stacy Joy Goodman Memorial Foundation Inc?
The Stacy Joy Goodman Memorial Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Stacy Joy Goodman Memorial Foundation Inc
The Stacy Joy Goodman Memorial Foundation Inc is dedicated to contributing to and supporting medical research for juvenile diabetes. The organization's mission is to channel resources towards charitable, educational, and scientific purposes, specifically focusing on diseases that affect children. In line with this goal, the foundation collaborates closely with the Diabetes Research Institute, funding various grants for diabetes research. Through these efforts, the Stacy Joy Goodman Memorial Foundation Inc aims to make significant strides in understanding and combating juvenile diabetes.
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Impact
August, 2024
The Stacy Joy Goodman Memorial Foundation Inc's impact is significant in contributing to and supporting medical research for juvenile diabetes. By working closely with the Diabetes Research Institute and funding grants for diabetes research, the foundation plays a crucial role in advancing scientific knowledge and treatment options for this disease affecting children. Through its charitable, educational, and scientific efforts, the foundation is making a positive impact on the lives of those affected by juvenile diabetes and working towards community improvement in the field of pediatric medicine.
This information is meant to be a general summary of The Stacy Joy Goodman Memorial Foundation 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: $422
- Gross Receipts: $69,442
Assets and Liabilities:
- Total Assets: $1,320,110
- Total Liabilities: $0
- Net Assets: $1,320,110
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Organization Details
Founding Year
1994
Phone
(203) 979-6400Principal Officer
Marc S Goodman
Main Address
2020 BAYSHORE DRIVE APT 3302, MIAMI, FL, 33137
NTEE Category
Code: S40 - Community improvement
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