Overview
What is The Ojc Fund?
The Ojc Fund is a nonprofit organization based in Brooklyn, New York, with a team of nine dedicated individuals. Their mission is to maintain a donor-advised fund, where they honor their commitment to fundholders by facilitating personally rewarding and administratively efficient charitable giving. By simplifying the grantmaking process and safeguarding confidentiality, they ensure charitable contributions flow smoothly into their intended organizations. Intergenerational philanthropy is also supported. The Ojc Fund takes its responsibility to its fundholders seriously, treating them with integrity and respect, allowing them to recommend allocations to various charitable organizations.
Official website here: www.ojcfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Ojc Fund has received a commendable rating of 83%, indicating a solid level of accountability and effectiveness. With a high Leadership & Adaptability Score of 100, the organization demonstrates strong governance practices and a commitment to transparency. Their Program Expense Ratio is impressive at 98.92%, suggesting that a significant majority of resources are directed towards their core programs, which enhances their credibility in the nonprofit sector.
Financially, the organization shows robust stability, with a Liabilities to Assets Ratio of just 0.06%. This reflects a sound financial footing and effective management of resources. Their Accountability & Finance Score of 81 further underscores their commitment to responsible financial practices, including thorough oversight and the absence of material diversion of assets.
However, while the organization shines in many areas, there is a noted limitation in their Working Capital Ratio, which stands at only 0.23 years. This could indicate potential challenges in maintaining liquidity or funding operational needs over the short term. Overall, The Ojc Fund is a well-regarded nonprofit, effectively utilizing its resources while maintaining strong governance and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is The Ojc Fund legitimate?
The Ojc Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Ojc Fund 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: $1,026,747
Professional Fundraising Fees: $0
Other Salaries and Wages: $157,910
For more financial information, click here
Official website here: www.ojcfund.org
What is the mission statement of The Ojc Fund?
The Ojc Fund is committed to maintaining a donor-advised fund, focusing on serving its fundholders with integrity and respect. Their responsibility lies in honoring the commitment to fundholders by providing efficient and personally rewarding charitable giving services. These services simplify the grantmaking process, allowing contributions to flow smoothly into the charitable stream. The fund prioritizes confidentiality and facilitates intergenerational philanthropy, ensuring a seamless experience for its clients. The primary objective is to support fundholders in their charitable endeavors, creating a meaningful and rewarding experience while making a positive impact on various organizations.
Official website here: www.ojcfund.org
Who is the CEO of The Ojc Fund?
Kalmen Ekstein is the Treasurer & Chief Financial Officer of The Ojc Fund. The CEO's salary of The Ojc Fund is $406,055 and their total compensation is $434,368.
Official website here: www.ojcfund.org
What is the revenue of The Ojc Fund?
The Ojc Fund's revenue in 2022 was $268,071,106.
Official website here: www.ojcfund.org
Who are the executives of The Ojc Fund and what are their salaries?
The average compensation at The Ojc Fund during 2022 was $131,629. There are 9 employees and 1 volunteer at The Ojc Fund.
Here are 3 key members and their salaries (The Ojc Fund's CEO's salary is $406,055 and their total compensation is $434,368):
- Compensation: $406,055
- Related: $0
- Other: $28,313
- Compensation: $370,988
- Related: $0
- Other: $36,947
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ojcfund.org
Where can I find the form 990 for The Ojc Fund?
The Ojc Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ojcfund.org
Learn more at the official website: www.ojcfund.org
Mission Statement of The Ojc Fund
The Ojc Fund, a donor-advised fund organization, is committed to honoring its fundholders by providing efficient and rewarding charitable giving services. Established with a mission to maintain a donor-advised fund, The Ojc Fund takes its responsibility toward its donors seriously. By offering services that simplify the grantmaking process, ensure confidentiality, and facilitate intergenerational philanthropy, The Ojc Fund strives to make charitable giving an administratively efficient, economically advantageous, and personally rewarding experience for its fundholders.
The organization prides itself on its dedication to treating fundholders with integrity and respect. Donors are granted the opportunity to recommend how their charitable contributions are allocated to various charitable organizations, and The Ojc Fund honors this commitment by streamlining the grantmaking process. Contributions flow quickly and easily into the charitable stream, enabling donors to see the impact of their giving in a timely manner. Additionally, the organization safeguards confidentiality, allowing donors to maintain anonymity if desired. These services enable The Ojc Fund to foster a meaningful and personal connection between donors and the causes they support.
In summary, The Ojc Fund, a donor-advised fund organization, is dedicated to honoring its fundholders by providing efficient and rewarding charitable giving services. Through its commitment to simplifying the grantmaking process, ensuring confidentiality, and facilitating intergenerational philanthropy, The Ojc Fund strives to make charitable giving an administratively efficient, economically advantageous, and personally rewarding experience for its donors.
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Impact
October, 2024
The Ojc Fund significantly enhances the charitable giving experience by providing streamlined services designed for donors. By simplifying the grant-making process, it ensures that contributions flow swiftly and efficiently to various charitable organizations, enabling fundholders to make a tangible impact in their communities and beyond.
The organization prioritizes the integrity and respect of its fundholders, honoring their commitments and the trust they place in its management of charitable dollars. This focus fosters a rewarding philanthropic journey, allowing donors to engage meaningfully with the causes they care about.
Moreover, The Ojc Fund emphasizes safeguarding confidentiality and supporting intergenerational philanthropy, helping families develop a lasting legacy of giving. This holistic approach cultivates a culture of generosity, making charitable contributions an accessible and fulfilling endeavor for all involved. Through its dedicated services, The Ojc Fund empowers donors, ensuring their philanthropic efforts are not only effective but also personally satisfying.
This information is meant to be a general summary of The Ojc Fund. 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: -$31,273
- Gross Receipts: $270,965,062
Assets and Liabilities:
- Total Assets: $45,341,416
- Total Liabilities: $26,606
- Net Assets: $45,314,810
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Organization Details
Founding Year
2001
Phone
(718) 599-1400Principal Officer
Kalmen Ekstein
Main Address
1303 53RD STREET 303, BROOKLYN, NY, 11219
Website
www.ojcfund.orgNTEE Category
Code: B90 - Education
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