Overview
What is Mill Reef Fund?
Mill Reef Fund is a nonprofit organization with a long-standing history of over 60 years, situated in Greenwich, Connecticut. Its primary mission is to offer educational, medical, and philanthropic assistance to the inhabitants of Antigua and Barbuda. The organization has made significant contributions to various sectors, including literacy, technology enhancement in education, and anti-drug education. It also supports key welfare organizations, helping vulnerable groups such as the elderly, impoverished, abused, and terminally ill individuals. In times of disaster, Mill Reef Fund provides relief, as demonstrated in its efforts following hurricanes and other natural calamities. Selected religious organizations serve as valuable channels for social welfare grants, furthering the nonprofit's objectives. In summary, Mill Reef Fund is committed to improving the quality of life for people in Antigua and Barbuda through various assistance programs.
Official website here: www.millreeffund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating
The Mill Reef Fund has received an overall score of 84%, which reflects its commitment to accountability and finance. This rating indicates a strong level of financial responsibility, bolstered by a perfect score for its independent board composition and the absence of asset diversion issues. With a program expense ratio of 96.33%, it demonstrates a significant focus on its charitable activities, ensuring that a large portion of its funds is directed towards its mission.
However, there are notable areas for improvement, particularly regarding governance policies. The organization lacks essential policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy, which are critical for maintaining transparency and accountability. Additionally, the absence of its tax form on the nonprofit's website is a missed opportunity for public access to financial information.
Overall, while the Mill Reef Fund exhibits strong financial management and a dedicated independent board, addressing governance shortcomings could enhance its credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Mill Reef Fund legitimate?
Mill Reef Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mill Reef Fund 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:
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Official website here: www.millreeffund.org
What is the mission statement of Mill Reef Fund?
The Mill Reef Fund is a non-profit charity organization with the objective of providing educational, medical, and philanthropic assistance to the inhabitants of Antigua and Barbuda. Their mission involves disbursing monies to various organizations, enabling them to provide meaningful support to their respective missions. This support has been instrumental in establishing literacy programs, enhancing learning through technology, and implementing anti-drug education initiatives in the educational sector. The fund also supplements the budgets of key welfare organizations, aiding the elderly, the poor, abused individuals, and the terminally ill. Furthermore, the Mill Reef Fund provides disaster relief aid, such as in the aftermath of hurricanes or other natural disasters. Selected religious organizations serve as effective conduits for important social welfare grants provided by the fund. The Mill Reef Fund has a long-standing record of supporting recognized institutions in the Caribbean for over 60 years.
Official website here: www.millreeffund.org
Who is the CEO of Mill Reef Fund?
S Simmons And H Yeager is the Principal Officer of Mill Reef Fund.
Official website here: www.millreeffund.org
What is the revenue of Mill Reef Fund?
Mill Reef Fund's revenue in 2022 was $615,070.
Official website here: www.millreeffund.org
Who are the executives of Mill Reef Fund and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.millreeffund.org
Where can I find the form 990 for Mill Reef Fund?
Mill Reef Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.millreeffund.org
Learn more at the official website: www.millreeffund.org
Mission Statement of Mill Reef Fund
Mill Reef Fund, a non-profit organization, is dedicated to providing educational, medical, and philanthropic aid to the inhabitants of Antigua and Barbuda. With a mission to render support, this charity aims to enhance the lives of its community members in various ways. The funds disbursed by Mill Reef Fund significantly contribute to the missions of recipient organizations. These donations have facilitated the establishment and maintenance of literacy programs, technology enhancement in learning, and anti-drug education initiatives in the educational sector. Furthermore, Mill Reef Fund has supplemented the budgets of key welfare organizations to assist the elderly, the poor, the abused, and the terminally ill.
In times of disaster, such as after hurricanes or other natural calamities, Mill Reef Fund provides relief aid. Additionally, selected religious organizations serve as effective conduits for important social welfare grants, furthering the charity's mission to uplift its community. With a history of over 60 years of supporting recognized institutions in the Caribbean, Mill Reef Fund has played a significant role in the region's welfare, demonstrating its unwavering commitment to the betterment of Antigua and Barbuda's inhabitants.
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Impact
July, 2024
Mill Reef Fund's impact can be seen through the meaningful assistance it provides to the inhabitants of Antigua & Barbuda. The funds disbursed to various organizations have supported educational initiatives such as literacy programs, technology enhancements for learning, and anti-drug education efforts. Additionally, donations have helped welfare organizations dedicated to assisting the elderly, poor, abused, and terminally ill individuals.
Moreover, the fund has played a crucial role in providing disaster relief in the aftermath of hurricanes and other natural disasters. By supporting recognized institutions in the Caribbean, Mill Reef Fund has been able to address important social welfare issues and make a positive impact on the community.
This information is meant to be a general summary of Mill Reef Fund. 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.
- Gross Receipts: $615,070
Assets and Liabilities:
- Total Assets: $623,606
- Total Liabilities: $2,929
- Net Assets: $620,677
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Organization Details
Founding Year
1948
Phone
(914) 217-3456Principal Officer
S Simmons And H Yeager
Main Address
16 JOHN STREET, GREENWICH, CT, 06831
Website
www.millreeffund.orgNTEE Category
Code: T90Z - Philanthropy
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