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John J Sabia Sr Educational Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 200278116 ✦ Blue bell, PA ✦ Designated as a 501(c)(3)

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Overview

What is John J Sabia Sr Educational Foundation Inc?

The John J Sabia Sr Educational Foundation Inc, based in Blue Bell, Pennsylvania, is a nonprofit organization dedicated to supporting the educational aspirations of needy relatives of union members in the bricklaying sector. By granting 17 students with $5,000 scholarships each and eight more students with similar scholarship amounts, the foundation helps alleviate the financial burden of annual college tuition fees. As a philanthropic entity, the John J Sabia Sr Educational Foundation Inc plays a vital role in empowering the future generation of bricklayers' families by investing in their higher education.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 73% (Two-Star out of Four Star Rating)

The John J Sabia Sr Educational Foundation Inc has received a 73% rating from Charity Navigator, reflecting a Two-Star rating. This score indicates that while the foundation demonstrates strong accountability in several areas, there are significant gaps in its governance practices that are limiting its overall evaluation. Notably, the organization boasts a fully independent board and has no material diversion of assets, which highlights its commitment to ethical management.

However, the foundation faces challenges in its transparency and accountability practices. It has received zero points for failing to post essential documents such as its tax form on its website, as well as for not having a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. These missing elements signal potential areas for improvement in organizational governance that could enhance trust and reliability among stakeholders.

Despite the strong program expense ratio of 94.31%, which shows that a significant portion of its expenses directly supports its programs, the lack of crucial policies and documentation may detract from its overall effectiveness and public perception. Addressing these shortcomings could help the foundation improve its rating and better serve its mission.


This AI summary has been generated from information found on Charity Navigator.

Is John J Sabia Sr Educational Foundation Inc legitimate?

John J Sabia Sr Educational Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. John J Sabia Sr Educational Foundation Inc submitted a form 990EZ, 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.

What is the mission statement of John J Sabia Sr Educational Foundation Inc?

The John J Sabia Sr Educational Foundation's mission is centered around providing financial aid. Specifically, it aims to assist needy family members of union members by covering their college tuition expenses. The foundation fulfills this mission by awarding scholarships to eligible students. In the recent year, 17 students received a $5,000 scholarship each, and eight more students were granted a similar scholarship amount. By doing so, the foundation helps alleviate the financial burden of higher education for these students, thereby enabling them to pursue their academic goals.

Who is the CEO of John J Sabia Sr Educational Foundation Inc?

Nicholas Sabia is the Trustee of John J Sabia Sr Educational Foundation Inc.

What is the revenue of John J Sabia Sr Educational Foundation Inc?

John J Sabia Sr Educational Foundation Inc's revenue in 2023 was $55,969.

Who are the executives of John J Sabia Sr Educational Foundation Inc and what are their salaries?


Here are 4 key members and their salaries:


Nicholas Sabia (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory Lepore (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Bucco Esquire (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martin C Mccarthy Cpa (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for John J Sabia Sr Educational Foundation Inc?

John J Sabia Sr Educational Foundation Inc's most recent form 990EZ was submitted in 2023 and can be accessed here.

Mission Statement of John J Sabia Sr Educational Foundation Inc

The John J Sabia Sr Educational Foundation is committed to providing financial aid in the form of college tuition expenses for economically challenged family members of members associated with a local bricklayers union. To fulfill this purpose, the foundation has granted scholarships amounting to $5,000 each to 17 deserving students, thereby aiding them in covering their annual tuition fees for the current academic year. Moreover, eight additional students have received similar scholarship funds from the foundation. By offering this financial assistance, the John J Sabia Sr Educational Foundation aims to alleviate the financial burden of higher education for these students, thereby providing them with an opportunity to pursue their academic goals.

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Impact




August, 2024

The John J Sabia Sr Educational Foundation Inc provides vital financial assistance in the form of college tuition expenses to needy family members of members belonging to a local bricklayers union. By awarding scholarships of $5,000 each to 17 students, the foundation has directly helped these individuals to defray the costs of their annual college tuition. An additional eight students also received a similar scholarship amount, further expanding the foundation's impact. This support plays a crucial role in enabling these students to pursue their educational goals and secure a brighter future for themselves.




This information is meant to be a general summary of John J Sabia Sr Educational 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.

Revenue
$55,969 (2023)
Expenses
$81,776 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $7,508
  • Gross Receipts: $141,961

Assets and Liabilities:

  • Total Assets: $385,019
  • Total Liabilities: $0
  • Net Assets: $385,019

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Organization Details

Principal Officer

Nicholas Sabia

Main Address

492 NORRISTOWN ROAD STE 160, BLUE BELL, PA, 19422

NTEE Category

Code: B82 - Education

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