Overview
What is Old Oaks Foundation Inc?
Old Oaks Foundation Inc is a charitable organization, established with the primary purpose of granting funds to other nonprofits classified as exempt under section 501(c)(3) of the Internal Revenue Code. Based in Purchase, New York, the foundation aims to contribute to charitable, religious, educational, and scientific causes. The foundation's mission is to make grants to eligible organizations, thereby supporting a wide range of beneficial initiatives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
Old Oaks Foundation Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 94% overall, with its score based exclusively on its Accountability & Finance metrics for the most recent fiscal year (FY2022). This indicates a high level of financial health and transparency, which is essential for donor trust and engagement.
The foundation boasts an impressive track record with 100% of its board members being independent, ensuring that decision-making processes are unbiased and free from conflicts of interest. Additionally, the organization has established robust policies, including a conflict of interest policy and a whistleblower policy, both of which contribute to its overall governance framework. Its program expense ratio of 97.36% signifies that the vast majority of its financial resources are directed towards its mission-driven activities.
However, while the organization excels in transparency and financial management, the review data does not provide insights into its programmatic impact or effectiveness in achieving its stated mission. Potential donors may want to seek additional information regarding the specific programs and services offered by the foundation to better understand its overall impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Old Oaks Foundation Inc legitimate?
Old Oaks Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old Oaks 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 Old Oaks Foundation Inc?
The Old Oaks Foundation Inc was established with the primary objective of making charitable contributions to organizations that fall under the category of exempt organizations as defined by the Internal Revenue Service (IRS) section 501(c)(3). The foundation's mission is multifaceted, encompassing charitable, religious, educational, and scientific purposes. One of its main activities involves making grants to eligible organizations, furthering its charitable intentions. The Old Oaks Foundation Inc, in essence, is dedicated to supporting various charitable causes by providing financial aid to qualifying organizations.
Who is the CEO of Old Oaks Foundation Inc?
Jonathan Sack is the President of Old Oaks Foundation Inc.
What is the revenue of Old Oaks Foundation Inc?
Old Oaks Foundation Inc's revenue in 2022 was $470,899.
Who are the executives of Old Oaks Foundation Inc and what are their salaries?
There 5 volunteers at Old Oaks Foundation Inc.
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 Old Oaks Foundation Inc?
Old Oaks Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Old Oaks Foundation Inc
The Old Oaks Foundation Inc, established with charitable, religious, educational, and scientific purposes in mind, primarily functions by granting funds to organizations that are exempt under section 501(c)(3) of the Internal Revenue Service. This foundation's mission is geared towards supporting organizations that share similar objectives, enabling them to further their causes and make a positive impact in their respective communities. By providing financial aid, Old Oaks Foundation Inc contributes to a wide array of noble endeavors, thereby facilitating progress and betterment in various sectors.
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Impact
July, 2024
Old Oaks Foundation Inc's impact lies in its support of charitable, religious, educational, and scientific organizations through the distribution of grants. By providing financial assistance to qualifying 501(c)(3) entities, the foundation facilitates the advancement of initiatives that benefit communities and further important causes. Through its philanthropic efforts, Old Oaks Foundation Inc plays a crucial role in uplifting society and driving positive change in various spheres.
This information is meant to be a general summary of Old Oaks 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.
- Gross Receipts: $470,899
Assets and Liabilities:
- Total Assets: $41,079
- Total Liabilities: $0
- Net Assets: $41,079
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Organization Details
Founding Year
1985
Phone
(914) 683-6000Principal Officer
Jonathan Sack
Main Address
3100 PURCHASE STREET, PURCHASE, NY, 105770600
NTEE Category
Code: T00 - Philanthropy
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