Overview
What is Marcum Foundation Inc?
Marcum Foundation Inc, located in Miami, Florida, is a charitable organization committed to raising funds and volunteering for select causes. Their mission is to support organizations providing essential services in four categories: health and safety, education and self-esteem, food and shelter, and family and wellbeing. The foundation aims to be a leading contributor of time and money, actively partnering with organizations that offer fundamental human services to children in their local communities. Their vision is to create a world where no child has to worry about basic needs such as education, food, healthcare, and general wellbeing. By meeting these needs, they strive to ensure all children can focus on achieving their full potential, contributing positively to their community's future.
Official website here: www.marcumfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 88%, Three-Star out of Four Star rating
The Marcum Foundation Inc has received an 88% rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization has an impressive score for its independent board members, with 100% of the members being independent, along with a favorable liabilities to assets ratio of 11.36%. Additionally, the majority of their expenses are directed towards programs, with a program expense ratio of 90.32%, showcasing their commitment to effective use of funds.
Despite these strengths, the foundation has notable limitations in certain governance policies. It lacks a whistleblower policy and a document retention and destruction policy, which are essential for promoting transparency and accountability. Furthermore, it has not posted its tax form on its website, which can hinder potential donors' access to important financial information.
Overall, while the Marcum Foundation demonstrates strong accountability practices, addressing the gaps in governance could enhance its overall effectiveness and transparency in its operations. This would strengthen donor confidence and support the foundation's mission further.
This AI summary has been generated from information found on Charity Navigator.
Is Marcum Foundation Inc legitimate?
Marcum Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marcum 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
For more financial information, click here
Official website here: www.marcumfoundation.org
What is the mission statement of Marcum Foundation Inc?
The Marcum Foundation aims to lead as a significant contributor of time and financial resources to organizations providing essential human services to children in local communities. Their vision is to establish a world where no child has to worry about their basic needs such as education, food, healthcare, and general wellbeing. By addressing these fundamental needs, the foundation intends to enable all children to focus less on their struggles and more on achieving their potential. The success of today's youth and young adults is crucial for the community's future.
Official website here: www.marcumfoundation.org
Who is the CEO of Marcum Foundation Inc?
Shaun Blogg is the President of Marcum Foundation Inc.
Official website here: www.marcumfoundation.org
What is the revenue of Marcum Foundation Inc?
Marcum Foundation Inc's revenue in 2022 was $1,061,749.
Official website here: www.marcumfoundation.org
Who are the executives of Marcum Foundation Inc and what are their salaries?
There 5 volunteers at Marcum Foundation Inc.
Here are 6 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.marcumfoundation.org
Where can I find the form 990 for Marcum Foundation Inc?
Marcum Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.marcumfoundation.org
Learn more at the official website: www.marcumfoundation.org
Mission Statement of Marcum Foundation Inc
The Marcum Foundation Inc is dedicated to playing a significant role in supporting organizations that provide essential human services to children within local communities. Their vision is to create a world where no child has to worry about their basic needs, including education, food, healthcare, and general wellbeing. By addressing these fundamental requirements, the Marcum Foundation aims to empower all children to worry less and strive for more, understanding that the future of their community hinges on the success of today's youth and young adults. In essence, the Marcum Foundation serves as a committed partner, contributing both time and finances, to ensure that every child can thrive and reach their full potential.
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Impact
October, 2024
The Marcum Foundation Inc. makes a significant impact in local communities by focusing on the essential needs of children. By prioritizing areas such as health and safety, education and self-esteem, food and shelter, and family well-being, the foundation ensures that children can access critical resources necessary for their development and success.
Through fundraising initiatives and volunteer efforts, the foundation supports various organizations that provide these fundamental services. This commitment helps alleviate the worries children face regarding their basic needs, allowing them to concentrate on their education and personal growth. In fostering an environment where children can achieve their full potential, the Marcum Foundation plays a crucial role in shaping a brighter future for the community as a whole. By focusing on youth and young adult success, the foundation not only addresses immediate needs but also invests in the long-term health and vitality of the community.
This information is meant to be a general summary of Marcum 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: $1,143,095
Assets and Liabilities:
- Total Assets: $1,123,634
- Total Liabilities: $11,150
- Net Assets: $1,112,484
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Organization Details
Founding Year
2005
Phone
(305) 995-9600Principal Officer
Shaun Blogg
Main Address
1 SE 3RD AVENUE 1100, MIAMI, FL, 33131
Website
www.marcumfoundation.orgNTEE Category
Code: T70 - Philanthropy
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