Overview
What is Advertising Club Of New York Foundation?
The Advertising Club of New York Foundation is a philanthropic organization located at 21 West 38th Street, 12th Floor, New York, NY 10018. Its primary mission is to advocate for and support the advancement of advertising, consumer behavior, marketing, and communications through scholarships and grants. Established with the intention of offering financial assistance to students and endowing academic chairs at colleges and universities, the foundation aims to empower future generations in these fields. By offering these resources, the Advertising Club of New York Foundation contributes to the growth and development of the advertising industry.
Official website here: www.theadvertisingclub.org/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
The Advertising Club Of New York Foundation has received a rating of 84%, indicating a solid level of accountability and financial health. This score is derived primarily from its Accountability & Finance metrics, where the organization has performed well in several areas, including having a fully independent board of directors and a strong program expense ratio of 91.82%. Such a high percentage of program expenses reflects a commitment to its mission and effective use of resources.
However, there are notable weaknesses in the organization’s governance practices. The foundation lacks several important policies, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which could impact its transparency and ethical standards. Additionally, the absence of the tax form on its website may limit public access to important financial information that stakeholders typically look for.
Overall, while the Advertising Club Of New York Foundation shows strong financial management and accountability, addressing its governance deficiencies could enhance its credibility and effectiveness. Stakeholders may want to consider these factors when evaluating the foundation's overall impact and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Advertising Club Of New York Foundation legitimate?
Advertising Club Of New York Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Advertising Club Of New York Foundation 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.theadvertisingclub.org/foundation
What is the mission statement of Advertising Club Of New York Foundation?
The Advertising Club of New York Foundation's mission is centered around supporting students and academic institutions in the field of advertising, consumer behavior, marketing, and communications. This is achieved through providing scholarships for graduate studies and grants to schools. The foundation's primary objective is to aid students in their pursuit of education in these areas and fund colleges, universities, and graduate schools to endow and establish academic chairs.
Official website here: www.theadvertisingclub.org/foundation
Who is the CEO of Advertising Club Of New York Foundation?
Gina Grillo is the President & Ceo of Advertising Club Of New York Foundation. The CEO's salary of Advertising Club Of New York Foundation is $0 and their total compensation is $400,062.
Official website here: www.theadvertisingclub.org/foundation
What is the revenue of Advertising Club Of New York Foundation?
Advertising Club Of New York Foundation's revenue in 2022 was $619,973.
Official website here: www.theadvertisingclub.org/foundation
Who are the executives of Advertising Club Of New York Foundation and what are their salaries?
Here are 37 key members and their salaries (Advertising Club Of New York Foundation's CEO's salary is $0 and their total compensation is $400,062):
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Official website here: www.theadvertisingclub.org/foundation
Where can I find the form 990 for Advertising Club Of New York Foundation?
Advertising Club Of New York Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theadvertisingclub.org/foundation
Learn more at the official website: www.theadvertisingclub.org/foundation
Mission Statement of Advertising Club Of New York Foundation
The Advertising Club of New York Foundation is dedicated to fostering the advancement of education in the fields of advertising, consumer behavior, marketing, and communications. Established with a primary objective, this nonprofit organization aims to provide financial aid in the form of scholarships to students pursuing graduate studies in these areas. Furthermore, the foundation extends its support to educational institutions, granting funds to colleges, universities, and graduate schools, enabling them to establish and endow academic chairs. By doing so, the Advertising Club of New York Foundation contributes significantly to the development of future professionals in the advertising industry, fostering a well-informed and skilled workforce.
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Impact
July, 2024
The Advertising Club Of New York Foundation's impact lies in supporting students and academic institutions in the study of advertising, consumer behavior, marketing, and communications. By providing scholarships for graduate study and grants to schools, the foundation contributes to the development of future professionals in these fields. Its mission is focused on offering gifts, grants, and services to students to study advertising-related subjects and providing funding to educational institutions to enhance their academic programs. In doing so, the foundation plays a vital role in fostering education and research in the advertising industry.
This information is meant to be a general summary of Advertising Club Of New York Foundation. 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: $23,453
- Program Service Revenue: $91,232
- Gross Receipts: $655,215
Assets and Liabilities:
- Total Assets: $1,354,414
- Total Liabilities: $62,508
- Net Assets: $1,291,906
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Program income
Revenue
$91,232
Organization Details
Founding Year
1984
Phone
(212) 533-8080Principal Officer
Gina Grillo
Main Address
21 WEST 38TH STREET 12TH FLOOR, NEW YORK, NY, 10018
NTEE Category
Code: B82Z - Education
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