Overview
What is The Cozen O'Connor Foundation Inc?
The Cozen O'Connor Foundation Inc, located at 1650 Market Street 2800, Philadelphia, PA 19103, is a charitable organization primarily focused on providing financial assistance to other nonprofits that meet the criteria for tax-exempt status under section 501(c)(3). Its mission is centered around charitable, scientific, and educational purposes, with a primary objective of grantmaking and financial support to these qualifying organizations. This foundation contributes to various initiatives, promoting its mission to benefit the wider community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%
The Cozen O'Connor Foundation Inc has received an 82% rating from Charity Navigator, reflecting a Three-Star out of Four Stars designation. This score is derived solely from its Accountability & Finance metrics, indicating that the foundation is committed to maintaining a high level of financial responsibility and transparency.
One of the organization's strengths is its governance structure, featuring a board composed entirely of independent members, which is crucial for unbiased decision-making. The foundation also excels in financial accountability, with a perfect score for the audit of financial statements and no material diversion of assets, showcasing strong ethical practices.
While the foundation performs well in financial aspects, the rating does not encompass programmatic effectiveness or impact, which are important factors for a comprehensive evaluation. Nonetheless, the high program expense ratio suggests that the majority of its funds are directed toward its programs, reinforcing its commitment to fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Cozen O'Connor Foundation Inc legitimate?
The Cozen O'Connor Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Cozen O'Connor 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: $0
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What is the mission statement of The Cozen O'Connor Foundation Inc?
The Cozen O'Connor Foundation Inc is primarily established with the purpose of granting funds and offering financial assistance to charitable organizations that are exempt under section 501(c)(3). Their mission is centered around supporting these charitable entities, contributing to causes in the realms of charity, science, and education. The foundation's activities are geared towards making a significant impact in these areas through their financial contributions.
Who is the CEO of The Cozen O'Connor Foundation Inc?
Harmon Spolan is the Principal Officer of The Cozen O'Connor Foundation Inc.
What is the revenue of The Cozen O'Connor Foundation Inc?
The Cozen O'Connor Foundation Inc's revenue in 2022 was $1,508,970.
Who are the executives of The Cozen O'Connor Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for The Cozen O'Connor Foundation Inc?
The Cozen O'Connor Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Cozen O'Connor Foundation Inc
The Cozen O'Connor Foundation Inc is primarily established with the mission to contribute financially and provide support to other charitable organizations that fall under the exempt category of 501(c)(3). This foundation is organized with the primary aim of granting funds to such organizations, thereby contributing to charitable, scientific, and educational purposes. By providing financial aid to these charitable organizations, The Cozen O'Connor Foundation Inc plays a significant role in supporting various causes and initiatives that benefit the community at large.
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Impact
October, 2024
The Cozen O'Connor Foundation Inc significantly impacts the community by providing financial support and grants to various charitable organizations. By focusing on charitable, scientific, and educational purposes, the foundation enhances the resources available to groups that qualify for 501(c)(3) exemption, thus amplifying their capacity to serve the public good. Based in Philadelphia, the foundation plays a crucial role in advancing philanthropic initiatives that foster education, support scientific research, and provide essential services to diverse populations. Through its dedicated efforts, The Cozen O'Connor Foundation Inc contributes to a richer tapestry of societal support, empowering organizations that drive positive change and innovation in their respective fields.
This information is meant to be a general summary of The Cozen O'Connor 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.
- Gross Receipts: $1,508,970
Assets and Liabilities:
- Total Assets: $2,467,490
- Total Liabilities: $0
- Net Assets: $2,467,490
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Organization Details
Founding Year
2003
Phone
(215) 665-4655Principal Officer
Harmon Spolan
Main Address
1650 Market Street 2800, Philadelphia, PA, 19103
NTEE Category
Code: T30 - Philanthropy
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