Overview
What is The Molina Foundation?
The Molina Foundation is a California-based nonprofit organization located at PO Box 2677, Los Alamitos. With a dedicated team of four individuals, their mission is to bridge the gap in education and health access for under-served communities in the United States. They accomplish this by distributing hundreds of thousands of books and educational materials through various channels such as schools, libraries, community-based organizations, hospitals, and healthcare facilities. Their primary focus is on children who are at high risk for low literacy due to poverty or the prevalence of English as a second language. The objective is to help reduce disparities in access to education and health by providing essential reading resources.
Official website here: www.molinafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Molina Foundation has achieved a commendable Four-Star rating from Charity Navigator, primarily reflecting its outstanding performance in accountability and finance. With an impressive score of 97 in this category, the organization demonstrates a strong commitment to transparency and effective financial management, which is crucial for donor trust and sustainability.
One of the foundation's notable strengths lies in its governance structure, featuring a fully independent board composed of six members. This independence enhances decision-making processes and ensures that the organization operates free from conflicts of interest. Additionally, its high program expense ratio of 98.49% indicates that a significant portion of its funds is directed towards fulfilling its mission and supporting its programs effectively.
However, there is a slight limitation in the area of fundraising efficiency, where the efficiency score is relatively low at $0.002. This suggests that while the foundation is proficient in allocating funds, there may be opportunities for improvement in its fundraising strategies. Overall, The Molina Foundation's strong accountability practices position it as a reliable nonprofit dedicated to its cause.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Molina Foundation?
100% of 15 reviewers on Facebook recommend The Molina Foundation. Here is a summary of their reviews:
Supporters express deep gratitude for the organization’s contributions, particularly highlighting how it fuels a passion for reading among students. One review specifically praises the foundation for helping Un Mundo de Amigos by providing books to families, which fosters a love of literacy in the community.
Overall, the sentiment reflects strong appreciation for The Molina Foundation's efforts, demonstrating that the organization truly makes a positive impact in promoting education and reading among children.
This AI summary has been generated from reviews found on Facebook.
Is The Molina Foundation legitimate?
The Molina Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Molina 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: $130,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $189,893
For more financial information, click here
Official website here: www.molinafoundation.org
What is the mission statement of The Molina Foundation?
The Molina Foundation works to bridge gaps in education and health access for children in under-served communities in the United States. They focus on this mission by distributing books and educational materials. Through various channels such as schools, libraries, community organizations, hospitals, and healthcare facilities, they identify and provide hundreds of thousands of books to those at high risk for low literacy, primarily due to poverty or English being a second language. The foundation's primary goal is to reduce disparities and make a positive impact on the lives of these children. By providing access to educational resources, they strive to contribute to a more equitable future.
Official website here: www.molinafoundation.org
What is the revenue of The Molina Foundation?
The Molina Foundation's revenue in 2023 was $13,111,214.
Official website here: www.molinafoundation.org
Who are the executives of The Molina Foundation and what are their salaries?
The average compensation at The Molina Foundation during 2023 was $79,973. There are 4 employees at The Molina Foundation.
Here are 7 key members and their salaries:
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- Compensation: $125,873
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- Other: $0
Official website here: www.molinafoundation.org
Where can I find the form 990 for The Molina Foundation?
The Molina Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.molinafoundation.org
Learn more at the official website: www.molinafoundation.org
Mission Statement of The Molina Foundation
The Molina Foundation, a nonprofit organization, strives to bridge disparities in education and health access for children in under-served communities in the United States. By providing books and educational materials, The Molina Foundation aims to make a significant difference in reducing these disparities.
The organization's mission is twofold: first, to enhance educational opportunities, and second, to promote better health outcomes for underserved children. They achieve this goal by distributing hundreds of thousands of books through various channels such as schools, libraries, community organizations, hospitals, and healthcare facilities.
The children and adults who receive these resources are identified as being at high risk for low literacy, primarily due to poverty or the prevalence of English as a second language. The Molina Foundation's Book Buddies literacy program plays a crucial role in the distribution process. This program allows The Molina Foundation to identify communities in need and ensure that the targeted resources reach those who will benefit most. In doing so, The Molina Foundation contributes to a more equitable educational landscape for children in under-served communities.
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Impact
October, 2024
The Molina Foundation significantly reduces disparities in access to education and health for children in under-served communities across the United States. By focusing on literacy, the foundation's Book Buddies Literacy Program identifies and distributes hundreds of thousands of books to schools, libraries, community organizations, hospitals, and healthcare facilities. This initiative targets areas with high concentrations of children and adults at risk for low literacy, primarily due to factors like poverty and English as a second language. Through its efforts, the foundation not only fosters a love for reading but also empowers individuals and families, ultimately nurturing a more literate and educated community.
This information is meant to be a general summary of The Molina 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 2023.
- Investment Income: $146,728
- Gross Receipts: $19,609,116
Assets and Liabilities:
- Total Assets: $11,465,057
- Total Liabilities: $64,225
- Net Assets: $11,400,832
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Organization Details
Founding Year
2004
Principal Officer
Mary Martha Bernadett M
Website
www.molinafoundation.orgNTEE Category
Code: V30 - Social research
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