Overview
What is Tenders Inc?
Tenders Inc is a nonprofit organization established in the vicinity of New York City, primarily serving the construction industry. Its primary objective is to bring together individuals in this sector to organize and execute charitable events and programs. The organization's primary goal is to extend aid and support to disadvantaged individuals and various other nonprofit entities. Fundraising activities are a significant part of their mission, with the collected funds being donated to charitable organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating. This rating indicates that while Tenders Inc demonstrates accountability and finance management, there are areas that could be improved to achieve a higher rating. The score is primarily based on the Accountability & Finance beacon, reflecting the organization's commitment to transparency and responsible financial practices.
Tenders Inc received high marks for having a fully independent board, with 100% of board members meeting this criterion. Additionally, the organization shows no material diversion of assets and effectively documents board meeting minutes. The liabilities to assets ratio is impressively low at 0.61%, indicating strong financial health.
On the program expense front, Tenders Inc excels with a program expense ratio of 96.24%, suggesting that most of its resources are directed towards its mission-driven activities. However, despite these strengths in governance and financial management, the overall Two-Star rating suggests that there may still be opportunities for improvement in other areas of the organization’s operations.
This AI summary has been generated from information found on Charity Navigator.
Is Tenders Inc legitimate?
Tenders Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tenders Inc submitted a form 990EZ, 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.
What is the mission statement of Tenders Inc?
Tenders Inc was established with the objective of bringing together professionals in the construction industry in and around New York City. Their primary mission is to organize and conduct fundraising events and programs. The primary goal of these activities is to extend aid to needy and deserving individuals, as well as various nonprofit organizations. The funds raised are donated to charitable organizations. This organization aims to contribute positively to the community by supporting those in need.
Who is the CEO of Tenders Inc?
Richard Weiss is the Treasurer of Tenders Inc.
What is the revenue of Tenders Inc?
Tenders Inc's revenue in 2022 was $0.
Who are the executives of Tenders Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990EZ for Tenders Inc?
Tenders Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Tenders Inc
Tenders Inc, an organization within the construction industry in New York City, was established with a mission to bring together individuals in the field. Their primary objective is to organize and develop fundraising events and programs aimed at benefiting needy and deserving individuals, as well as other nonprofit organizations. The donations gathered through these initiatives are channeled towards charitable organizations. By uniting individuals within the construction sector, Tenders Inc seeks to make a positive impact on various communities and organizations in need.
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Impact
October, 2024
Tenders Inc plays a critical role in the New York City construction industry by fostering collaboration among professionals to address community needs through fundraising events and charitable programs. By mobilizing resources and expertise, the organization effectively supports needy individuals and various nonprofit organizations, amplifying the impact of collective efforts in philanthropy. The initiatives organized by Tenders Inc not only raise funds but also promote a sense of community and shared responsibility within the construction sector, ensuring that those in need receive assistance and creating a positive ripple effect throughout the region.
This information is meant to be a general summary of Tenders 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.
Assets and Liabilities:
- Total Assets: $85,664
- Total Liabilities: $2,400
- Net Assets: $83,264
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Organization Details
Phone
(212) 683-8080Principal Officer
Richard Weiss
Main Address
451 PARK AVENUE SOUTH 4TH FLOOR, NEW YORK, NY, 10016
NTEE Category
Code: T12 - Philanthropy
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