Overview
What is The Resource Foundation Inc?
The Resource Foundation Inc, based in New York City, is a distinguished nonprofit organization that provides support to development organizations across the Americas and the Caribbean. Their mission is to enhance opportunities and improve living standards for disadvantaged communities in these regions, primarily through philanthropic giving. The foundation offers a range of services, including representation, networking, training, technical assistance, and fundraising. These services enable non-profit development organizations to implement self-help projects, such as affordable housing, agriculture, capacity building, cultural programs, disaster relief, education, job skills, environmental conservation, financial inclusion, healthcare, HIV/AIDS prevention, potable water, sanitation, and women's empowerment. Additionally, The Resource Foundation promotes and implements development education programs in the U.S. to raise awareness about conditions in Latin America and the Caribbean, with a workforce of 5 dedicated individuals.
Official website here: www.resourcefnd.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Resource Foundation Inc has achieved a remarkable 96% rating from Charity Navigator, indicating a strong level of accountability and financial transparency. This high score reflects the organization’s commitment to operational integrity, as evidenced by its independent board members and well-structured financial oversight. With 100% of its board members being independent and a solid audit committee, the foundation demonstrates robust governance practices.
In terms of financial health, The Resource Foundation Inc shows a program expense ratio of 90.79%, suggesting that a significant portion of its funds is allocated directly to its programs rather than administrative costs. Additionally, its fundraising efficiency is impressive, with only $0.04 spent to raise each dollar, highlighting effective resource management. The organization also maintains a low liabilities-to-assets ratio, signifying strong financial stability.
However, the working capital ratio of 0.38 years indicates that the foundation may face short-term liquidity challenges. While the organization is performing well overall, this metric suggests a need for monitoring to ensure it can meet its immediate financial obligations. Overall, The Resource Foundation Inc stands out for its governance and financial prudence but should address its working capital situation for even stronger sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is The Resource Foundation Inc legitimate?
The Resource Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Resource 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: $93,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $176,635
For more financial information, click here
Official website here: www.resourcefnd.org
What is the mission statement of The Resource Foundation Inc?
The Resource Foundation Inc serves as a leader in philanthropic giving, focusing on Latin America, the Caribbean, and Canada. They collaborate with various donors and experienced non-governmental organizations in 29 countries to increase opportunities and enhance living standards for the region's disadvantaged population. The organization provides representation, networking, training, technical assistance, and fundraising to non-profit development organizations that implement self-help projects in various sectors such as affordable housing, agriculture, capacity building, cultural programs, disaster relief, education, job skills, environment, financial inclusion, healthcare, potable water, sanitation, and women's empowerment. Additionally, The Resource Foundation promotes and implements development education programs in the U.S. to raise awareness about conditions in Latin America and the Caribbean among the American public.
Official website here: www.resourcefnd.org
Who is the CEO of The Resource Foundation Inc?
Beatriz Guillen is the Chairman of The Resource Foundation Inc.
Official website here: www.resourcefnd.org
What is the revenue of The Resource Foundation Inc?
The Resource Foundation Inc's revenue in 2022 was $2,263,938.
Official website here: www.resourcefnd.org
Who are the executives of The Resource Foundation Inc and what are their salaries?
The average compensation at The Resource Foundation Inc during 2022 was $53,927. There are 5 employees and 13 volunteers at The Resource Foundation Inc.
Here are 14 key members and their salaries:
- 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: $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: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $93,000
- Related: $0
- Other: $0
Official website here: www.resourcefnd.org
Where can I find the form 990 for The Resource Foundation Inc?
The Resource Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.resourcefnd.org
Learn more at the official website: www.resourcefnd.org
Mission Statement of The Resource Foundation Inc
The Resource Foundation Inc, a leading organization in philanthropic giving, is dedicated to amplifying opportunities and enhancing living standards for the disadvantaged communities in Latin America, the Caribbean, and Canada. By partnering with corporate, foundation, and individual donors, as well as experienced non-governmental organizations in 29 countries, this organization plays a pivotal role in uplifting these communities.
The Resource Foundation Inc's mission is multifaceted. It provides representation, networking, training, technical assistance, and fundraising to non-profit development organizations across the Americas and the Caribbean. These organizations implement self-help projects focusing on various sectors, such as affordable housing, agriculture, capacity building, cultural programs, disaster relief, education, job skills, environment, financial inclusion, healthcare, HIV/AIDS, potable water, sanitation, and women's empowerment.
In addition, The Resource Foundation Inc promotes and implements development education programs in the United States. By doing so, it aims to raise awareness among the American public about the conditions in Latin America and the Caribbean, thereby fostering a sense of solidarity and collaboration between the two regions.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
The Resource Foundation Inc plays a crucial role in philanthropic giving to Latin America, the Caribbean, and Canada, working to increase opportunities and enhance living standards for disadvantaged communities in the region. By partnering with corporate, foundation, and individual donors, as well as experienced non-governmental organizations in 29 countries, the organization implements self-help projects in various areas such as affordable housing, agriculture, education, healthcare, and women's empowerment. Additionally, The Resource Foundation promotes development education programs in the U.S. to raise awareness about conditions in Latin America and the Caribbean. Through these initiatives, The Resource Foundation is making a tangible impact in improving the well-being of individuals and communities in need.
This information is meant to be a general summary of The Resource 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.
- Investment Income: $3,110
- Gross Receipts: $2,263,938
Assets and Liabilities:
- Total Assets: $1,567,742
- Total Liabilities: $558,679
- Net Assets: $1,009,063
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1987
Phone
(212) 675-6170Principal Officer
Beatriz Guillen
Main Address
244 FIFTH AVE 1428, NEW YORK, NY, 10001
Website
www.resourcefnd.orgNTEE Category
Code: G00 - Disease
If you are a representative of The Resource Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.