Overview
What is Fisher Island Philanthropic Fund Inc?
Fisher Island Philanthropic Fund Inc is a charitable organization based in Fisher Island, Florida. Their primary mission is to support 501(c)(3) nonprofits in Miami-Dade County, specifically those that cater to the well-being of children and at-risk youth. They raise funds and distribute them to these organizations, ensuring they provide quality health and human services. The United Way of Miami screens the eligible charities for their funding program. The goal is to enhance the physical, mental, and social well-being of vulnerable children in the Miami-Dade County area.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star Rating)
The Fisher Island Philanthropic Fund Inc has received a commendable score of 87%, which translates to a Three-Star rating. This rating reflects a strong commitment to accountability and finance, particularly highlighted by its perfect score for having a fully independent board. The organization demonstrates transparency through the presence of essential policies and procedures, such as a conflict of interest policy and a whistleblower policy, which are crucial for maintaining trust and integrity.
Strengths of the organization include a very high program expense ratio of 98.77%, indicating that nearly all of its expenditures directly support its mission and programs. Additionally, the absence of material diversion of assets and a liabilities to assets ratio of 0.00% are significant positives, showcasing financial stability and effective management of resources. These factors contribute to a strong foundation for the nonprofit's operations.
While the organization has many strengths, it is essential for potential donors to consider the context of its operations. The high program expense ratio, while generally positive, should be assessed alongside the broader impact and effectiveness of the programs being funded. Overall, the Fisher Island Philanthropic Fund Inc demonstrates strong financial health and governance, making it a reliable choice for potential supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Fisher Island Philanthropic Fund Inc legitimate?
Fisher Island Philanthropic Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fisher Island Philanthropic Fund 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
For more financial information, click here
Official website here: www.none
What is the mission statement of Fisher Island Philanthropic Fund Inc?
The Fisher Island Philanthropic Fund Inc is committed to raising and distributing funds to charities serving children and at-risk youth in Miami-Dade County. The primary focus of these funds is to support organizations that provide quality health and human services. These selected charities, which are screened by the United Way of Miami, aim to enhance the physical, mental, and social well-being of the youth they serve. The mission of the Fisher Island Philanthropic Fund Inc is to contribute to the betterment of these vulnerable youth, promoting their overall development and well-being.
Official website here: www.none
Who is the CEO of Fisher Island Philanthropic Fund Inc?
Carlos G Molina is the President of Fisher Island Philanthropic Fund Inc.
Official website here: www.none
What is the revenue of Fisher Island Philanthropic Fund Inc?
Fisher Island Philanthropic Fund Inc's revenue in 2021 was $0.
Official website here: www.none
Who are the executives of Fisher Island Philanthropic Fund Inc and what are their salaries?
There 5 volunteers at Fisher Island Philanthropic Fund Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Fisher Island Philanthropic Fund Inc
Fisher Island Philanthropic Fund Inc is committed to raising and distributing funds to charities serving children and at-risk youth in Miami-Dade County. Their mission is to support these organizations that provide quality health and human services to vulnerable youth in the area. The generated funds are distributed to qualified exempt agencies under Section 501(C)3, which are dedicated to improving the physical, mental, and social well-being of these children. The Fisher Island Philanthropic Fund Inc screens these organizations through United Way of Miami before distributing the funds. This philanthropic organization plays a significant role in contributing to the betterment of children and at-risk youth in Miami-Dade County, ensuring they can access necessary health and human services.
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Impact
October, 2024
Fisher Island Philanthropic Fund Inc significantly impacts the lives of children and at-risk youth in Miami-Dade County by raising and distributing funds to organizations dedicated to providing quality health and human services. Through careful screening by the United Way of Miami, the Fund ensures that contributions are directed to effective 501(c)(3) organizations that are committed to fostering the physical, mental, and social well-being of vulnerable youth.
The Fund’s mission directly addresses critical community needs, facilitating programs that support health, education, and overall development for young people facing adversity. By strategically allocating resources to these charities, Fisher Island Philanthropic Fund Inc helps create a safety net for at-risk youth, enabling them to access essential services and improve their quality of life. The Fund's efforts not only alleviate immediate challenges but also contribute to long-term positive outcomes for individuals and families within the community.
This information is meant to be a general summary of Fisher Island Philanthropic Fund 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 2021.
Assets and Liabilities:
- Total Assets: $19,129
- Total Liabilities: $0
- Net Assets: $19,129
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Organization Details
Founding Year
2004
Phone
(305) 298-3979Principal Officer
Carlos G Molina
Main Address
7957 FISHER ISLAND DRIVE, FISHER ISLAND, FL, 33109
Website
www.noneNTEE Category
Code: P12 - Human services
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