Overview
What is Media Cares Foundation Inc?
Media Cares Foundation Inc, situated in New York, NY, is a nonprofit organization dedicated to promoting health, social welfare, and advancements in various fields such as arts, science, and education. They achieve this through public programs and technical assistance, providing cash grants to other 501(c)3 organizations and offering expert advice and assistance by professionals in media, non-profit, public policy, bio-medical, and philanthropy sectors. The organization primarily focuses on biomedical and public health initiatives, as well as education, and grants support to other charitable organizations. With a small team of two individuals, Media Cares Foundation Inc strives to enhance and enrich various social sectors.
Official website here: www.mediacares.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star Rating.
The Media Cares Foundation Inc has achieved a high score of 97% on Charity Navigator, reflecting exceptional accountability and financial health. The rating is based solely on their excellent performance in the Accountability & Finance category, signifying that the organization effectively manages its resources and adheres to best practices in governance.
One of the notable strengths of the foundation is its independent board structure, with 77% of its members being independent, contributing to unbiased decision-making. Additionally, the organization has demonstrated no material diversion of assets, which reinforces its commitment to ethical practices. The foundation also maintains transparency with a whistleblower policy, conflict of interest policy, and documented board meeting minutes readily available to stakeholders.
Despite the strong financial ratios, with a program expense ratio of 79.34%, indicating a significant portion of resources directed to programs, there's limited information available on the foundation's specific programs or the impact of their work. Overall, the Media Cares Foundation Inc stands out as a highly accountable and financially stable nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Media Cares Foundation Inc legitimate?
Media Cares Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Media Cares 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: $160,934
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mediacares.org
What is the mission statement of Media Cares Foundation Inc?
Media Cares Foundation Inc's mission is centered around promoting health, social welfare, and the advancement of science through various public programs and technical assistance. They provide financial support in the form of grants to other 501(c)3 organizations and offer volunteer technical assistance to these organizations by experts in media, non-profit, public policy, and biomedical fields. Their activities span across public service, science, health, education, urban planning, social services, arts and culture, aiming to contribute positively to these sectors.
Official website here: www.mediacares.org
Who is the CEO of Media Cares Foundation Inc?
Louis Gary is the Director of Media Cares Foundation Inc. The CEO's salary of Media Cares Foundation Inc is $65,017 and their total compensation is $82,111.
Official website here: www.mediacares.org
What is the revenue of Media Cares Foundation Inc?
Media Cares Foundation Inc's revenue in 2022 was $186,612.
Official website here: www.mediacares.org
Who are the executives of Media Cares Foundation Inc and what are their salaries?
The average compensation at Media Cares Foundation Inc during 2022 was $80,467. There are 2 employees and 75 volunteers at Media Cares Foundation Inc.
Here are 9 key members and their salaries (Media Cares Foundation Inc's CEO's salary is $65,017 and their total compensation is $82,111):
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $65,017
- Related: $0
- Other: $17,094
- Compensation: $0
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- Other: $0
- Compensation: $95,917
- Related: $0
- Other: $23,979
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.mediacares.org
Where can I find the form 990 for Media Cares Foundation Inc?
Media Cares Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mediacares.org
Learn more at the official website: www.mediacares.org
Mission Statement of Media Cares Foundation Inc
Media Cares Foundation Inc is committed to promoting health, social welfare, and the arts, among other areas, through a variety of public programs and technical assistance. This nonprofit organization provides support to other 501(C)3 organizations by offering cash grants and volunteer technical assistance from professionals in media, non-profit, public policy, bio-medical expertise, and philanthropy. The mission of Media Cares Foundation Inc is to advance science, health, education, urban planning, social services, arts, and culture by offering financial aid and expert guidance to eligible organizations. By doing so, the foundation aims to contribute to the betterment of society and foster the growth of various sectors that serve the public interest.
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Impact
October, 2024
Media Cares Foundation Inc significantly impacts various sectors, including public health, education, and the arts, through its comprehensive programs and initiatives. By providing cash grants to other 501(c)(3) organizations, the foundation empowers nonprofits to enhance their capacities and reach, further amplifying their contributions to the community.
The foundation's commitment to volunteer technical assistance brings together a wealth of expertise from directors, journalists, public policy advocates, and biomedical experts. This collaborative effort helps strengthen the operational capabilities of organizations in need, enabling them to better serve their constituents.
Additionally, Media Cares’ focus on biomedical and public health initiatives promotes advancements in science and health awareness, fostering a healthier society. Their dedication to urban planning and social services supports the holistic development of communities, ensuring that essential services are accessible and effective.
Through its multifaceted approach, Media Cares Foundation Inc not only addresses immediate needs but also lays the groundwork for sustainable progress across various fields, ultimately enriching lives and enhancing social welfare.
This information is meant to be a general summary of Media Cares 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: -$375
- Gross Receipts: $206,081
Assets and Liabilities:
- Total Assets: $661,027
- Total Liabilities: $3,499
- Net Assets: $657,528
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Organization Details
Founding Year
2000
Phone
(212) 866-6000Principal Officer
Louis Gary
Main Address
603 W 115TH STREET SUITE 371, NEW YORK, NY, 10025
Website
www.mediacares.orgNTEE Category
Code: T20 - Philanthropy
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