Overview
What is The Buttonwood Foundation Inc?
The Buttonwood Foundation Inc, situated in New York City, New York, is a nonprofit organization that stands out for its mission to support the educational aspirations of New York Stock Exchange families. In 2022, they provided a substantial contribution of 279,502 in scholarships, grants, and honorariums to deserving college students. With a dedicated team of just one individual, this foundation plays an essential role in empowering the next generation of leaders within the NYSE community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
The Buttonwood Foundation Inc has received an 86% score from Charity Navigator, indicating a solid performance in accountability and finance. This rating is based entirely on the organization's financial practices, showcasing effective governance and transparency. The foundation demonstrates a strong commitment to maintaining an independent board, with 100% of its board members being independent, which enhances its credibility.
Strengths of the Buttonwood Foundation include a perfect score in areas such as audit oversight and conflict of interest policies. Their financial health is also noteworthy, as evidenced by a liabilities to assets ratio of 0.00%, suggesting that the organization is managing its resources efficiently. Additionally, their program expense ratio of 76.61% indicates that a significant portion of their funds is directed toward their programs, reflecting a focus on their mission.
However, while the foundation excels in accountability and financial management, the score does not reflect other potential areas of impact or program effectiveness, as the overall assessment is solely based on financial metrics. Prospective donors may want to consider this limitation when evaluating the foundation's overall performance and impact.
This AI summary has been generated from information found on Charity Navigator.
Is The Buttonwood Foundation Inc legitimate?
The Buttonwood Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Buttonwood 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $31,500
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What is the mission statement of The Buttonwood Foundation Inc?
The Buttonwood Foundation Inc, as an organization, focuses on providing financial aid in the form of scholarships, grants, and honorariums to deserving college students whose families are associated with the New York Stock Exchange. Its mission is centered around supporting the higher education of these individuals, thereby contributing to their future success. In 2022, the foundation disbursed a total of 279,502 funds towards this cause, demonstrating its commitment to this mission. The foundation's activities aim to empower these students, enabling them to pursue their academic goals and potentially make significant contributions to their respective fields.
Who is the CEO of The Buttonwood Foundation Inc?
Theodore P Weisberg is the Director of The Buttonwood Foundation Inc.
What is the revenue of The Buttonwood Foundation Inc?
The Buttonwood Foundation Inc's revenue in 2022 was $1,074,898.
Who are the executives of The Buttonwood Foundation Inc and what are their salaries?
The average compensation at The Buttonwood Foundation Inc during 2022 was $31,500. There is 1 employee at The Buttonwood Foundation Inc.
Here are 10 key members and their salaries:
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Where can I find the form 990 for The Buttonwood Foundation Inc?
The Buttonwood Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Buttonwood Foundation Inc
The Buttonwood Foundation Inc is an organization that plays a significant role in supporting the educational aspirations of deserving students. Its primary mission is to provide scholarships, grants, and honorariums to qualified college students who are part of families associated with the New York Stock Exchange. This nonprofit organization is dedicated to making higher education more accessible and affordable for these individuals, thereby contributing to their personal and professional growth. In the year 2022 alone, The Buttonwood Foundation Inc distributed a substantial total of 279,502 financial aid packages to eligible students, demonstrating its commitment to its cause.
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Impact
October, 2024
The Buttonwood Foundation Inc significantly impacts the educational opportunities of students from New York Stock Exchange families by offering financial support in the form of scholarships, grants, and honorariums. In 2022 alone, the organization allocated a total of $279,502 to deserving college students. This financial assistance not only alleviates the burden of tuition and educational expenses but also empowers these students to pursue their academic and career aspirations with greater confidence. By focusing on the families within the financial sector, The Buttonwood Foundation plays a crucial role in fostering the next generation of leaders and professionals in the industry, ensuring that they have the resources necessary to succeed in their higher education journeys.
This information is meant to be a general summary of The Buttonwood 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: $799,753
- Gross Receipts: $4,906,694
Assets and Liabilities:
- Total Assets: $7,867,769
- Total Liabilities: $658
- Net Assets: $7,867,111
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Organization Details
Founding Year
1964
Phone
(212) 656-4610Principal Officer
Theodore P Weisberg
Main Address
11 WALL STREET - 14TH FLOOR, NEW YORK, NY, 10005
NTEE Category
Code: T22Z - Philanthropy
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