Overview
What is The Sefcu Foundation?
The Sefcu Foundation, operating under the name The Broadview Cares Foundation in Albany, New York, is a charitable organization dedicated to uplifting the community. Their primary mission is to enrich community life by offering opportunities for public assistance, particularly in supporting local nonprofit organizations. These organizations undertake projects and special events that directly benefit individuals facing physical, emotional, and financial challenges. Specifically, The Sefcu Foundation focuses on renovating rooms in the facilities of these nonprofit organizations that cater to children in need. This commitment to community betterment demonstrates their dedication to helping the public reach their fullest potential.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star Rating.
The Sefcu Foundation has earned a solid rating of 79% based on its Accountability & Finance metrics, demonstrating a commitment to responsible financial management. The foundation scored particularly well in various categories, including a 100% score for financial statements, indicating they have undergone thorough audits and maintain transparency in their financial practices.
Strengths include the absence of material diversion of assets and a robust conflict of interest policy, both of which point to the foundation's integrity and ethical oversight. Additionally, the foundation has established comprehensive policies regarding whistleblower protections and document retention, further contributing to its overall accountability.
While the foundation displays strong financial ratios, such as a low liability to assets ratio and a high program expense ratio, no specific information about the outcomes of its programs or overall impact is provided. This may limit potential donors' understanding of the foundation's effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Sefcu Foundation legitimate?
The Sefcu Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Sefcu 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.
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What is the mission statement of The Sefcu Foundation?
The Sefcu Foundation's mission is to enrich community life in the region by providing opportunities for public development. This is achieved by supporting local nonprofit organizations with projects and special events that directly benefit individuals facing physical, emotional, and financial challenges. The foundation's mission statement emphasizes the importance of helping the public reach their fullest potential. The Sefcu Foundation specifically funds room renovations in the facilities of nonprofit organizations that benefit children in need.
Who is the CEO of The Sefcu Foundation?
Katherine Lanni is the Board Member of The Sefcu Foundation.
What is the revenue of The Sefcu Foundation?
The Sefcu Foundation's revenue in 2022 was $552,839.
Who are the executives of The Sefcu Foundation and what are their salaries?
There 421 volunteers at The Sefcu Foundation.
Here are 13 key members and their salaries:
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Where can I find the form 990 for The Sefcu Foundation?
The Sefcu Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Sefcu Foundation
The Sefcu Foundation is dedicated to enriching community life in the region by providing opportunities that empower individuals to reach their fullest potential. This is achieved by supporting local nonprofit organizations in their projects and special events, specifically those that directly benefit individuals with physical, emotional, and financial needs. The foundation's mission is to contribute to the betterment of the community by providing essential assistance to those in need.
To actualize its mission, The Sefcu Foundation engages in various initiatives. One of these initiatives involves renovating rooms in the facilities of nonprofit organizations that cater to children in need. By renovating these spaces, the foundation seeks to create comfortable and conducive environments that enhance the quality of life and learning experiences for the children. Through these renovations, The Sefcu Foundation plays a crucial role in supporting local nonprofit organizations in their efforts to uplift and empower their beneficiaries.
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Impact
July, 2024
The Sefcu Foundation enriches community life by supporting local organizations to benefit those with physical, emotional, and financial needs. Through room renovations in facilities that cater to children in need, the foundation directly impacts the lives of individuals in the region. This philanthropic work contributes to enhancing the well-being and opportunities for those in the community.
This information is meant to be a general summary of The Sefcu 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: $367
- Gross Receipts: $553,228
Assets and Liabilities:
- Total Assets: $544,442
- Total Liabilities: $65,762
- Net Assets: $478,680
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Organization Details
Founding Year
1995
Phone
(518) 452-8234Principal Officer
Katherine Lanni
Main Address
700 PATROON CREEK BLVD, ALBANY, NY, 12206
NTEE Category
Code: T22 - Philanthropy
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