Overview
What is Mill Neck Foundation Inc?
Mill Neck Foundation Inc is a nonprofit organization situated in Mill Neck, New York, with a mission to promote inclusion for deaf individuals in various aspects of society, such as education, vocation, and religion. Established with the purpose of supporting ministries for deaf and hard-of-hearing people, the foundation has granted approximately $8.5 million to organizations worldwide since 1978. Some of the organizations it supports, like Mill Neck Manor School for the Deaf and Lutheran Friends of the Deaf, Inc., provide significant services to hearing-impaired individuals, significantly contributing to their communities. The foundation's activities also include funding programs to train Lutheran pastors and laypeople to include deaf people in their congregations. With 60 employees, the Mill Neck Foundation actively works towards fostering an inclusive society for deaf individuals.
Official website here: www.millneck.org
What are the reviews and ratings of this charity?
Charity Navigator rating: One-Star out of Four Stars (53%)
Mill Neck Foundation Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial performance. While the organization excels in governance and accountability, with a fully independent board and strong oversight mechanisms, its financial metrics raise red flags. The low program expense ratio and fundraising efficiency suggest that a minimal portion of resources are directed towards its mission.
The foundation scores well in areas such as board independence, conflict of interest policies, and material diversion of assets, which demonstrate a commitment to ethical governance. However, the organization's liabilities to assets ratio and working capital ratio indicate potential financial instability, which could affect its long-term sustainability.
Overall, while Mill Neck Foundation Inc has established strong governance practices, the financial indicators suggest a need for improvement in resource allocation towards its programs and more effective fundraising strategies. Donors should consider these factors when evaluating support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Mill Neck Foundation Inc legitimate?
Mill Neck Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mill Neck 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: $1,170,797
For more financial information, click here
Official website here: www.millneck.org
What is the mission statement of Mill Neck Foundation Inc?
The Mill Neck Foundation's mission is centered around advocating for the inclusion of deaf individuals in various societal aspects, including religion, education, social, and vocational sectors. One of its key priorities is ensuring access to quality educational programs for the deaf. The foundation also focuses on evangelism of deaf people through trained Christian clergy and the production and publication of specialized materials tailored for religious and educational settings involving deaf individuals.
Official website here: www.millneck.org
Who is the CEO of Mill Neck Foundation Inc?
Rev David Benke is the Senior Director of Mill Neck Foundation Inc. The CEO's salary of Mill Neck Foundation Inc is $257,182 and their total compensation is $257,182.
Official website here: www.millneck.org
What is the revenue of Mill Neck Foundation Inc?
Mill Neck Foundation Inc's revenue in 2022 was $2,093,839.
Official website here: www.millneck.org
Who are the executives of Mill Neck Foundation Inc and what are their salaries?
The average compensation at Mill Neck Foundation Inc during 2022 was $19,513. There are 60 employees at Mill Neck Foundation Inc.
Here are 12 key members and their salaries (Mill Neck Foundation Inc's CEO's salary is $257,182 and their total compensation is $257,182):
- Compensation: $77,691
- Related: $22,603
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $257,182
- Related: $0
- Other: $0
- Compensation: $119,945
- Related: $0
- Other: $0
- Compensation: $121,777
- Related: $0
- Other: $0
Official website here: www.millneck.org
Where can I find the form 990 for Mill Neck Foundation Inc?
Mill Neck Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.millneck.org
Learn more at the official website: www.millneck.org
Mission Statement of Mill Neck Foundation Inc
Mill Neck Foundation Inc, a nonprofit organization, is dedicated to encouraging the inclusion of deaf and hard of hearing individuals in various aspects of society. This encompasses religious, educational, social, and vocational sectors. One of its primary focuses is ensuring access to high-quality educational programs for this group. The foundation also prioritizes the evangelism of deaf people, utilizing trained Christian clergy for this purpose. Furthermore, they produce and publish specialized materials intended for use in religious and educational settings, specifically catering to the needs of deaf individuals. The mission of Mill Neck Foundation Inc is ultimately geared towards promoting the inclusion and betterment of deaf and hard of hearing people in society.
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Impact
July, 2024
Mill Neck Foundation Inc has a significant impact on the deaf and hard of hearing community, both in the U.S. and worldwide. Since 1978, the foundation has granted approximately $8,500,000 to organizations that provide inclusion opportunities for deaf individuals in educational, vocational, and religious settings. These grants have enabled programs to train Lutheran pastors and laypeople to include deaf individuals in their congregations, as well as providing annual support to educational institutions and service organizations catering to the needs of the deaf community. The foundation's dedication to encouraging the inclusion of deaf individuals in all facets of society, from religion to education, has had a tremendous social impact that would not be possible without its support.
This information is meant to be a general summary of Mill Neck 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: $357,722
- Program Service Revenue: $771,163
- Gross Receipts: $2,093,839
Assets and Liabilities:
- Total Assets: $26,410,586
- Total Liabilities: $4,187,899
- Net Assets: $22,222,687
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITY USE FEES
Revenue
$511,347
SPECIAL EVENTS
Revenue
$259,816
Organization Details
Founding Year
1979
Phone
(516) 628-4280Principal Officer
Rev David Benke
Main Address
40 FROST MILL ROAD, MILL NECK, NY, 11765
Website
www.millneck.orgNTEE Category
Code: E56I - Health
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