Overview
What is Adeline E Fracassi Trust?
Adeline E Fracassi Trust is a nonprofit organization located in Williamsville, New York. Its primary focus lies in several areas, including the advancement of education, offering scholarships, providing relief to individuals suffering from disabilities, promoting religion, advancing youth-related functions, and fostering adult and youth recreation. Beyond education, the trust also aims to support those with disabilities, uphold religious values, promote health, and engage in activities that benefit both young and adult populations. By carrying out these objectives, the Adeline E Fracassi Trust contributes to various aspects of community development and welfare.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 stars
The Adeline E Fracassi Trust has received a disappointing score of 42%, resulting in a Zero-Star out of Four Star rating. This low rating indicates significant concerns regarding its accountability and financial practices. While the organization does have a majority of independent board members, it lacks transparency in several critical areas, such as posting tax forms on its website and having policies in place for conflicts of interest and whistleblowing.
Strengths of the organization include a solid liabilities to assets ratio, reflecting good financial stability. However, weaknesses are prevalent, particularly in its program expense ratio, which scored poorly, suggesting that a smaller portion of funds may be directed toward its programs. Additionally, the absence of essential governance policies raises concerns about the organization's operational integrity.
Overall, the lack of independent board size and inadequate financial transparency may hinder stakeholders' trust in the Adeline E Fracassi Trust. To improve its standing, the organization would benefit from addressing these governance issues and enhancing its commitment to transparency and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Adeline E Fracassi Trust legitimate?
Adeline E Fracassi Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Adeline E Fracassi Trust 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: $5,738
For more financial information, click here
What is the mission statement of Adeline E Fracassi Trust?
The Adeline E Fracassi Trust is dedicated to several areas of societal improvement. One of its primary missions is to advance education, including providing scholarships, to support individuals in their academic pursuits. Additionally, the trust is committed to offering relief to individuals suffering from disabilities, aiming to make their lives easier. Another important aspect of its mission is the promotion of religion, supporting spiritual growth and beliefs. Furthermore, the trust is involved in promoting health, working towards improving overall well-being. The advancement of youth-related functions is also a significant part of its mission, along with encouraging recreational activities for both adults and youth.
Who is the CEO of Adeline E Fracassi Trust?
Gregory A Pope is the Trustee of Adeline E Fracassi Trust.
What is the revenue of Adeline E Fracassi Trust?
Adeline E Fracassi Trust's revenue in 2023 was $1,061.
Who are the executives of Adeline E Fracassi Trust and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Adeline E Fracassi Trust?
Adeline E Fracassi Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Adeline E Fracassi Trust
The Adeline E Fracassi Trust is an organization with a multifaceted mission aimed at bettering various aspects of society. Primarily, it focuses on advancing education, offering scholarships as a means to empower individuals. Furthermore, the trust extends its reach to those suffering from disabilities, providing relief and support.
In addition to education and disability relief, the Adeline E Fracassi Trust also promotes religious growth and health improvement. Its commitment to youth-related functions is evident, as it works towards their advancement, as well as advocating for adult and youth recreational activities.
In essence, the Adeline E Fracassi Trust is a comprehensive organization that seeks to make a positive impact on various communities. By focusing on education, disabilities, religion, health, and youth and adult recreation, it strives to create a more inclusive and supportive society for all.
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Impact
October, 2024
The Adeline E Fracassi Trust significantly impacts the community by advancing education and providing scholarships, which opens doors for individuals seeking higher learning opportunities. This support fosters knowledge and skill development, empowering students to achieve their academic goals.
The Trust also plays a crucial role in supporting individuals with disabilities, helping alleviate their challenges through various relief initiatives. This commitment not only improves the quality of life for those affected but also promotes inclusivity within the community.
By advancing religion and promoting health, the Trust contributes to the holistic development of individuals. It encourages spiritual growth and well-being, fostering a sense of purpose and community connection.
Furthermore, the Trust is dedicated to advancing youth-related functions, ensuring that young people have access to resources and programs that aid in their development and growth. Through recreational activities for both adults and youth, the Trust enhances quality of life, encourages active lifestyles, and builds stronger community bonds.
Overall, the Adeline E Fracassi Trust is instrumental in promoting education, health, inclusivity, and recreation, creating a robust foundation for a thriving community in Williamsville, NY.
This information is meant to be a general summary of Adeline E Fracassi Trust. 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 2023.
- Investment Income: $1,061
- Gross Receipts: $223,951
Assets and Liabilities:
- Total Assets: $347,143
- Total Liabilities: $0
- Net Assets: $347,143
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Organization Details
Founding Year
2005
Principal Officer
Gregory A Pope
Main Address
17 BERESFORD COURT, WILLIAMSVILLE, NY, 14221
NTEE Category
Code: T30 - Philanthropy
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