Overview
What is The Torch Foundation Ltd?
The Torch Foundation Ltd is a nonprofit organization situated in Commack, New York, specifically at 5 Raven Drive. Their primary mission lies within the real estate, design, and construction community, aiming to contribute back to their industry and society's children. The foundation raises funds through events to grant aid to deserving children's charities and medical organizations, providing vital services for children in need. Furthermore, they offer financial assistance to individual families with children requiring specialized medical care. The Torch Foundation's objective is to make a difference in the lives of children, demonstrating their commitment to societal well-being.
Official website here: www.torchfoundation.com/
Is The Torch Foundation Ltd legitimate?
The Torch Foundation Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Torch Foundation Ltd 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.torchfoundation.com/
What is the mission statement of The Torch Foundation Ltd?
The Torch Foundation Ltd is a nonprofit organization, primarily associated with the real estate, design, and construction sector. Its mission is to contribute positively to both its industry and society, with a particular focus on children's welfare. The foundation achieves this by organizing fundraising events and distributing grants. These grants are primarily given to charities that work towards the betterment of children and medical organizations providing essential services for children in need. Additionally, The Torch Foundation Ltd also provides direct financial aid to families with children requiring specialized medical care.
Official website here: www.torchfoundation.com/
Who is the CEO of The Torch Foundation Ltd?
Joseph Rutigliano is the President of The Torch Foundation Ltd.
Official website here: www.torchfoundation.com/
What is the revenue of The Torch Foundation Ltd?
The Torch Foundation Ltd's revenue in 2022 was $115,667.
Official website here: www.torchfoundation.com/
Who are the executives of The Torch Foundation Ltd and what are their salaries?
There 10 volunteers at The Torch Foundation Ltd.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.torchfoundation.com/
Where can I find the form 990 for The Torch Foundation Ltd?
The Torch Foundation Ltd's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.torchfoundation.com/
Learn more at the official website: www.torchfoundation.com/
Mission Statement of The Torch Foundation Ltd
The Torch Foundation Ltd, a nonprofit organization rooted in the real estate, design, and construction community, has established a mission to give back to its industry and the children of society. This foundation aims to accomplish this objective by holding events to raise funds. The funds collected are then distributed as grants to deserving children's charities and medical organizations that provide essential services for children in need. Furthermore, The Torch Foundation Ltd extends its generosity to individual families who have children requiring specialized medical care by providing them with grants as well.
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Impact
October, 2024
The Torch Foundation Ltd significantly impacts the community by addressing the needs of children facing hardships. Through its events, the organization raises essential funds that are directed towards grants for charitable organizations focused on children's welfare and medical care. This includes support for families with children requiring special medical attention, ensuring they receive the necessary resources and assistance. By leveraging its connection within the real estate, design, and construction sectors, The Torch Foundation Ltd creates a network of support that not only uplifts children in need but also fosters a culture of giving back within the industry. The foundation's commitment to enhancing the well-being of vulnerable children reinforces a broader social responsibility and positively influences both the local community in Commack, NY, and beyond.
This information is meant to be a general summary of The Torch Foundation Ltd. 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: $45
- Gross Receipts: $375,571
Assets and Liabilities:
- Total Assets: $486,014
- Total Liabilities: $30,000
- Net Assets: $456,014
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Organization Details
Founding Year
1991
Phone
(631) 543-8888Principal Officer
Joseph Rutigliano
Main Address
5 RAVEN DRIVE, COMMACK, NY, 11725
Website
www.torchfoundation.com/NTEE Category
Code: P120 - Human services
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