Overview
What is Templeton Foundation?
The Templeton Foundation is a charitable organization situated in Cooperstown, New York. Its primary goal is to enhance healthcare services in Otsego, Chenango, Madison, Oneida, Herkimer, Fulton, Montgomery, Schoharie, Delaware, and Sullivan Counties. To achieve this, they offer essential residential facilities and office spaces to local hospitals and healthcare organizations, ensuring they have the necessary resources to operate effectively. Additionally, the foundation manages and administers properties exclusively for charitable purposes, contributing significantly to the healthcare sector in these regions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
The Templeton Foundation received an 86% score on Charity Navigator, indicating a solid Three-Star rating. This rating reflects strong accountability and financial health, particularly noting that the charity has an independent board with a high percentage of members and a well-managed audit and oversight committee. Additionally, the foundation demonstrates a strong commitment to program expenses, allocating 100% of its costs directly to its initiatives.
However, there are some areas for improvement. The foundation lacks both a whistleblower policy and a document retention and destruction policy, which contributed to lower scores in those respective areas. While the overall governance structure appears robust, the absence of these policies may raise concerns regarding transparency and accountability.
Overall, while the Templeton Foundation shows many strengths in its financial practices and governance, addressing the noted limitations could enhance its overall effectiveness and trustworthiness in the eyes of donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Templeton Foundation legitimate?
Templeton Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Templeton 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
What is the mission statement of Templeton Foundation?
The Templeton Foundation's mission is centered around promoting healthcare. It accomplishes this by providing necessary residential facilities and office space to hospitals and healthcare organizations within the specified counties. The foundation also manages and administers property exclusively for charitable purposes, contributing to the enhancement of healthcare services in the respective regions. By doing so, the Templeton Foundation aims to support the healthcare sector and improve the overall well-being of the community.
Who is the CEO of Templeton Foundation?
Tommy Ibrahim Md is the President of Templeton Foundation.
What is the revenue of Templeton Foundation?
Templeton Foundation's revenue in 2022 was $7,212,269.
Who are the executives of Templeton Foundation and what are their salaries?
There 5 volunteers at Templeton Foundation.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $970,597
- Other: $29,962
- 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: $666,250
- Other: $30,407
- Compensation: $0
- Related: $641,526
- Other: $21,599
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $363,030
- Other: $27,266
Where can I find the form 990 for Templeton Foundation?
Templeton Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Templeton Foundation
The Templeton Foundation is committed to enhancing healthcare in specific counties. To accomplish this, the organization provides essential residential facilities and office spaces to hospitals and healthcare organizations within these regions. Furthermore, the Templeton Foundation manages and administers property exclusively for charitable purposes, contributing significantly to the healthcare sector within these counties. By offering these resources, the Templeton Foundation plays a pivotal role in supporting healthcare organizations, thereby promoting healthcare access and quality in the communities it serves.
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Impact
August, 2024
Templeton Foundation's impact lies in its dedication to promoting healthcare in several counties by providing essential residential facilities and office space to hospitals and healthcare organizations. By managing and administering properties exclusively for charitable purposes, the foundation plays a vital role in supporting the healthcare infrastructure in Otsego, Chenango, Madison, Oneida, Herkimer, Fulton, Montgomery, Schoharie, Delaware, and Sullivan counties. This initiative directly contributes to the improvement of healthcare services and facilities in these areas, benefiting the communities and individuals who rely on these essential services.
This information is meant to be a general summary of Templeton 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: -$19,686
- Program Service Revenue: $7,231,955
- Gross Receipts: $7,231,955
Assets and Liabilities:
- Total Assets: $49,229,712
- Total Liabilities: $20,201,954
- Net Assets: $29,027,758
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$7,231,955
Organization Details
Founding Year
1984
Phone
(607) 547-3635Principal Officer
Tommy Ibrahim Md
Main Address
ONE ATWELL ROAD, COOPERSTOWN, NY, 13326
NTEE Category
Code: E120 - Health
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