Overview
What is The Jeannette R & Sidney L Solomon Foundation?
The Jeannette R & Sidney L Solomon Foundation is a charitable organization, primarily associated with the UJA-Federation of New York. Based in New York City, it provides financial aid to various tax-exempt organizations aligned with UJA-Federation of New York's charitable objectives. The foundation supports the mission of United Jewish Appeal-Federation of Jewish Philanthropies of New York, Inc., contributing to their noble cause.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Stars
The Jeannette R & Sidney L Solomon Foundation has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The score is calculated solely based on its strong Accountability & Finance metrics, where it scored 94%. This reflects the organization's commitment to transparency and effective governance practices.
Key strengths of the foundation include a majority of independent board members and a well-sized board, both of which contribute to effective oversight. The organization has implemented essential policies such as a conflict of interest policy and a whistleblower policy, demonstrating a proactive approach to ethical management. Additionally, the foundation maintains a healthy liabilities-to-assets ratio and a high program expense ratio of 96.29%, signifying that most of its resources are directed towards its mission.
Overall, while the foundation excels in financial accountability and governance, the data does not highlight any significant limitations or concerns. This strong rating suggests that stakeholders can trust the foundation to manage its resources effectively and fulfill its charitable objectives.
This AI summary has been generated from information found on Charity Navigator.
Is The Jeannette R & Sidney L Solomon Foundation legitimate?
The Jeannette R & Sidney L Solomon Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Jeannette R & Sidney L Solomon 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
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What is the mission statement of The Jeannette R & Sidney L Solomon Foundation?
The Jeannette R & Sidney L Solomon Foundation supports the mission of United Jewish Appeal-Federation of Jewish Philanthropies of New York, Inc. (UJA-Federation of New York). In this capacity, the foundation makes grants to UJA-Federation of New York and other tax-exempt organizations, contributing to the charitable purposes of UJA-Federation of New York. By doing so, the foundation essentially aligns its activities with the mission of UJA-Federation of New York, which is not specified in the provided information. The Jeannette R & Sidney L Solomon Foundation essentially acts as a supporter and facilitator in furthering the charitable endeavors of UJA-Federation of New York.
Who is the CEO of The Jeannette R & Sidney L Solomon Foundation?
Stanley Baumblatt is the President/Trustee of The Jeannette R & Sidney L Solomon Foundation.
What is the revenue of The Jeannette R & Sidney L Solomon Foundation?
The Jeannette R & Sidney L Solomon Foundation's revenue in 2022 was $61,614.
Who are the executives of The Jeannette R & Sidney L Solomon Foundation and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $176,967
- Other: $27,348
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- Other: $0
- Compensation: $0
- Related: $93,949
- Other: $22,420
- Compensation: $0
- Related: $156,948
- Other: $55,707
- Compensation: $0
- Related: $286,946
- Other: $56,339
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Jeannette R & Sidney L Solomon Foundation?
The Jeannette R & Sidney L Solomon Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Jeannette R & Sidney L Solomon Foundation
The Jeannette R & Sidney L Solomon Foundation is an organization that aligns its activities with the mission of United Jewish Appeal-Federation of Jewish Philanthropies of New York, Inc. (UJA-Federation of New York). In essence, the foundation supports the charitable purposes of UJA-Federation of New York by providing grants to this organization and other tax-exempt organizations. This collaborative endeavor enables both entities to contribute to worthy causes and make a positive impact in various communities.
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Impact
October, 2024
The Jeannette R & Sidney L Solomon Foundation significantly bolsters the philanthropic efforts of the United Jewish Appeal-Federation of Jewish Philanthropies of New York by making targeted grants that further its charitable goals. This support enables the UJA-Federation to provide critical resources and services to Jewish communities, bolstering various initiatives that promote welfare, education, and community development. By channeling funds toward impactful programs and services, the foundation plays a vital role in enhancing the welfare of individuals and families in need, ensuring that the mission of the UJA-Federation is effectively carried out and that the community's philanthropic needs are met comprehensively.
This information is meant to be a general summary of The Jeannette R & Sidney L Solomon 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: $61,614
- Gross Receipts: $61,614
Assets and Liabilities:
- Total Assets: $941,456
- Total Liabilities: $86,004
- Net Assets: $855,452
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Organization Details
Founding Year
1995
Phone
(212) 836-1305Principal Officer
Stanley Baumblatt
Main Address
UJA-FED OF NY130 E 59TH ST, NEW YORK, NY, 100221302
NTEE Category
Code: T30J - Philanthropy
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