Overview
What is Somerset Patriots Children's Educational & Sportsmanship Foundation?
The Somerset Patriots Children's Educational & Sportsmanship Foundation is a charitable organization, headquartered in Bridgewater, New Jersey. It's primarily focused on raising funds to support other nonprofit organizations with educational and charitable objectives. The foundation's mission is to contribute to the betterment of society by channeling its resources towards worthy causes, thereby promoting learning and fostering good sportsmanship. The foundation's location is specified as 1 PATRIOTS PARK PATRICK MCVERRY, Bridgewater, NJ, 08807.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star Rating
The Somerset Patriots Children's Educational & Sportsmanship Foundation has received an impressive score of 87%, indicating a solid financial accountability and transparency record. The charity meets high standards in governance, evidenced by having a fully independent board and robust policies to manage conflicts of interest and document retention. Their program expense ratio is notably high at 89.67%, suggesting that a significant portion of their funds is directed towards their programs rather than administrative costs.
Strengths highlighted by the rating include the charity's lack of material diversion of assets and sound financial health, with a low liabilities-to-assets ratio of 15.63%. This demonstrates that the organization is efficiently managing its resources, which contributes positively to its overall score on Charity Navigator. The foundation also has comprehensive documentation practices, including maintaining board meeting minutes, which reflects good governance practices.
While the charity's overall rating is strong, it is important for potential supporters to consider how these figures translate into real-world impact. The rating does not provide insight into specific program outcomes or beneficiary feedback, which are critical for understanding the effectiveness of their initiatives. Nonetheless, the strong financial metrics suggest that the charity is well-managed and capable of utilizing donations effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Somerset Patriots Children's Educational & Sportsmanship Foundation legitimate?
Somerset Patriots Children's Educational & Sportsmanship Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Somerset Patriots Children's Educational & Sportsmanship 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.
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 Somerset Patriots Children's Educational & Sportsmanship Foundation?
The Somerset Patriots Children's Educational & Sportsmanship Foundation is established with the primary objective of raising funds to support other charitable and educational organizations. In line with its mission, the foundation actively seeks to donate funds to exempt organizations that share similar purposes, aiming to contribute positively to various sectors. By doing so, the foundation plays a crucial role in supporting initiatives that promote learning and community development.
Who is the CEO of Somerset Patriots Children's Educational & Sportsmanship Foundation?
Joshua Kalafer is the Trustee & Officer of Somerset Patriots Children's Educational & Sportsmanship Foundation.
What is the revenue of Somerset Patriots Children's Educational & Sportsmanship Foundation?
Somerset Patriots Children's Educational & Sportsmanship Foundation's revenue in 2022 was $97,330.
Who are the executives of Somerset Patriots Children's Educational & Sportsmanship Foundation and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Somerset Patriots Children's Educational & Sportsmanship Foundation?
Somerset Patriots Children's Educational & Sportsmanship Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Somerset Patriots Children's Educational & Sportsmanship Foundation
The Somerset Patriots Children's Educational & Sportsmanship Foundation is established with a mission to raise funds for other charitable and educational organizations. This nonprofit organization is dedicated to supporting exempt organizations that share similar objectives, aiming to contribute positively to various communities. By pooling resources, the Somerset Patriots Children's Educational & Sportsmanship Foundation plays a crucial role in amplifying the impact of these organizations, ultimately benefiting numerous individuals and communities. The foundation's activities are centered around fundraising, aiming to make a meaningful difference in the lives of those who require assistance in educational and charitable endeavors.
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Impact
October, 2024
The Somerset Patriots Children's Educational & Sportsmanship Foundation has a significant impact by raising funds to support various organizations that focus on charitable and educational purposes. By channeling financial resources into initiatives aimed at enhancing education and promoting sportsmanship, the foundation plays a crucial role in enriching the community. Its efforts not only help facilitate educational opportunities but also foster values such as teamwork, discipline, and respect among young individuals. Through these contributions, the foundation bolsters local programs that elevate the quality of life for children and families in the Bridgewater, NJ area and beyond, ultimately fostering an environment where youth can thrive academically and socially.
This information is meant to be a general summary of Somerset Patriots Children's Educational & Sportsmanship 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.
- Gross Receipts: $162,275
Assets and Liabilities:
- Total Assets: $95,935
- Total Liabilities: $15,000
- Net Assets: $80,935
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Organization Details
Founding Year
2004
Phone
(908) 252-0700Principal Officer
Joshua Kalafer
Main Address
1 PATRIOTS PARK PATRICK MCVERRY, BRIDGEWATER, NJ, 08807
NTEE Category
Code: T30 - Philanthropy
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