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Morris H Kates Foundation Gregory Crosman & Laurence Scher Ttees

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 133139069 ✦ White plains, NY ✦ Designated as a 501(c)(3)

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Overview

What is Morris H Kates Foundation Gregory Crosman & Laurence Scher Ttees?

The Morris H Kates Foundation Gregory Crosman & Laurence Scher Ttees is a nonprofit organization located at 61 Hazelton Drive, White Plains, NY 10605. Its primary mission is to provide charitable, educational, and scientific distributions, as well as offer financial assistance to individuals in need. These individuals are typically of advanced age or afflicted with infirmities, as selected by the foundation's trustees. The organization's purpose is to aid elderly, indigent, and infirm individuals, contributing to their overall well-being.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 67%, Two-Star out of Four Star rating.

The Morris H Kates Foundation holds a rating of 67%, indicating some significant strengths and weaknesses in its operations. The charity has a high program expense ratio of 97.08%, demonstrating a strong commitment to directing funds toward its programs. Additionally, there are no reported material diversions of assets, which is a positive sign for accountability.

However, the organization faces critical shortcomings in governance. It has no independent board members, which raises concerns about oversight and accountability. Furthermore, the foundation is missing essential policies, including a whistleblower policy and a publicly accessible website for transparency. These deficiencies contribute to its lower rating and suggest areas for improvement in organizational governance and transparency practices.


This AI summary has been generated from information found on Charity Navigator.

Is Morris H Kates Foundation Gregory Crosman & Laurence Scher Ttees legitimate?

Morris H Kates Foundation Gregory Crosman & Laurence Scher Ttees is a legitimate nonprofit organization registered as a 501(c)(3) entity. Morris H Kates Foundation Gregory Crosman & Laurence Scher Ttees 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 Morris H Kates Foundation Gregory Crosman & Laurence Scher Ttees?

The Morris H Kates Foundation, specifically the Gregory Crosman & Laurence Scher Ttees, is committed to making charitable, educational, and scientific distributions, as well as providing financial assistance to individuals who are of advanced age or afflicted with infirmities. This assistance is selectively given to those in need, based on the discretion of the trustees. The organization's primary objective is to uplift and support these vulnerable individuals, offering them relief and resources during challenging times.

Who is the CEO of Morris H Kates Foundation Gregory Crosman & Laurence Scher Ttees?

Gregory Crosman is the Trustee of Morris H Kates Foundation Gregory Crosman & Laurence Scher Ttees.

What is the revenue of Morris H Kates Foundation Gregory Crosman & Laurence Scher Ttees?

Morris H Kates Foundation Gregory Crosman & Laurence Scher Ttees's revenue in 2022 was $66,522.

Who are the executives of Morris H Kates Foundation Gregory Crosman & Laurence Scher Ttees and what are their salaries?


Here are 2 key members and their salaries:


Gregory Crosman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laurence Scott Scher (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Morris H Kates Foundation Gregory Crosman & Laurence Scher Ttees?

Morris H Kates Foundation Gregory Crosman & Laurence Scher Ttees's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Morris H Kates Foundation Gregory Crosman & Laurence Scher Ttees

The Morris H Kates Foundation Gregory Crosman & Laurence Scher Ttees is committed to making charitable, educational, and scientific distributions, as well as providing financial assistance to individuals in need. These individuals are typically of advanced age and/or afflicted with infirmities, and they are chosen by the foundation's trustees. The mission of this organization is to offer aid and support to those who are elderly, indigent, or infirm, with the goal of improving their quality of life and alleviating their hardships. The foundation's activities are focused on providing assistance to those who are most in need, with the aim of making a positive impact on their lives.

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Impact




August, 2024

The Morris H Kates Foundation Gregory Crosman & Laurence Scher Trustees make a significant impact by providing financial assistance to elderly, indigent, and infirm individuals selected by the trustees. This support helps improve the quality of life for those in need who are of advanced age and/or afflicted with infirmities. Their philanthropic efforts aim to address the challenges faced by this vulnerable population, offering relief and assistance where it is most needed.




This information is meant to be a general summary of Morris H Kates Foundation Gregory Crosman & Laurence Scher Ttees. 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.

Revenue
$66,522 (2022)
Expenses
$72,615 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $506
  • Gross Receipts: $98,687

Assets and Liabilities:

  • Total Assets: $379,585
  • Total Liabilities: $331
  • Net Assets: $379,254

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Organization Details

Founding Year

1981

Principal Officer

Gregory Crosman

Main Address

61 HAZELTON DRIVE, WHITE PLAINS, NY, 10605

NTEE Category

Code: T70Z - Philanthropy

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