Overview
What is Odyssey Foundation Of New York?
The Odyssey Foundation of New York is a nonprofit organization, established with the primary objective of supporting the operations and development of Odyssey House, Inc. Located at 95 Pine Street, New York, NY 10005, this foundation raises funds through non-governmental sources to enhance the mission and strategic objectives of Odyssey House, Inc. By engaging in various activities, the Odyssey Foundation of New York contributes to the betterment of Odyssey House's programs and services, ultimately aiding in the fulfillment of its mission to assist individuals in need. With a dedicated workforce of five individuals, this foundation plays a vital role in supporting the cause of Odyssey House, Inc.
Official website here: www.odysseyhousenyc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars, 72%
The Odyssey Foundation of New York has received a "Needs Improvement" rating from Charity Navigator, reflecting a moderate level of accountability and financial health. The organization has a solid score for its independent board structure, with 100% independent members contributing to governance. The foundation also shows a commendable program expense ratio of 66.56%, indicating that a significant portion of its expenses is directed towards its mission-related activities.
However, there are notable weaknesses in the foundation's policies and transparency practices. The absence of key policies, including a conflict of interest policy and a whistleblower policy, raises concerns about governance and accountability. Additionally, the foundation has not posted its tax form on its website, which limits public access to important financial information.
While the organization demonstrates strengths in certain financial metrics, the lack of essential policies and transparency measures suggests that potential donors should proceed with caution. Future improvements in these areas could enhance the foundation's overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Odyssey Foundation Of New York legitimate?
Odyssey Foundation Of New York is a legitimate nonprofit organization registered as a 501(c)(3) entity. Odyssey Foundation Of New York 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: $55,543
Professional Fundraising Fees: $0
Other Salaries and Wages: $16,134
For more financial information, click here
Official website here: www.odysseyhousenyc.org
What is the mission statement of Odyssey Foundation Of New York?
The Odyssey Foundation of New York is committed to supporting the mission and strategic objectives of Odyssey House, Inc. By sourcing funds from non-governmental entities, it contributes to the operation and development of programs and services that align with Odyssey House's mission. The primary goal of the foundation is to enhance the operations and services provided by Odyssey House, Inc., thereby contributing to their overall mission.
Official website here: www.odysseyhousenyc.org
Who is the CEO of Odyssey Foundation Of New York?
Peter Provet is the Board Member of Odyssey Foundation Of New York. The CEO's salary of Odyssey Foundation Of New York is $47,969 and their total compensation is $563,061.
Official website here: www.odysseyhousenyc.org
What is the revenue of Odyssey Foundation Of New York?
Odyssey Foundation Of New York's revenue in 2022 was $459,272.
Official website here: www.odysseyhousenyc.org
Who are the executives of Odyssey Foundation Of New York and what are their salaries?
The average compensation at Odyssey Foundation Of New York during 2022 was $14,335. There are 5 employees and 14 volunteers at Odyssey Foundation Of New York.
Here are 17 key members and their salaries (Odyssey Foundation Of New York's CEO's salary is $47,969 and their total compensation is $563,061):
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- Compensation: $47,969
- Related: $431,726
- Other: $83,366
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- Related: $327,405
- Other: $76,195
- Compensation: $20,745
- Related: $186,711
- Other: $66,727
Official website here: www.odysseyhousenyc.org
Where can I find the form 990 for Odyssey Foundation Of New York?
Odyssey Foundation Of New York's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.odysseyhousenyc.org
Learn more at the official website: www.odysseyhousenyc.org
Mission Statement of Odyssey Foundation Of New York
The Odyssey Foundation of New York is committed to advancing the goals and objectives of Odyssey House, Inc. through various activities. Its primary mission is to provide financial support for the operation and development of programs and services that align with the mission of Odyssey House, Inc. This is achieved by securing funding from non-governmental sources. In essence, the Odyssey Foundation of New York exists to bolster the operational and developmental aspects of Odyssey House, Inc.'s programs and services, thereby contributing to its overall mission.
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Impact
July, 2024
Odyssey Foundation Of New York's impact lies in its key role to support the operations and development of program services of Odyssey House, Inc. This support is crucial in furthering the mission and strategic objectives of Odyssey House, Inc., primarily through funding obtained from non-governmental sources. Through its efforts, the foundation enables Odyssey House, Inc. to continue providing essential human services to those in need, contributing to the betterment of individuals and the community as a whole.
This information is meant to be a general summary of Odyssey Foundation Of New York. 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: $528
- Gross Receipts: $527,439
Assets and Liabilities:
- Total Assets: $1,282,915
- Total Liabilities: $45,378
- Net Assets: $1,237,537
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Organization Details
Founding Year
1983
Phone
(212) 361-1600Principal Officer
Peter Provet
Main Address
95 PINE STREET, NEW YORK, NY, 10005
Website
www.odysseyhousenyc.orgNTEE Category
Code: P70I - Human services
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