Overview
What is Padula Family Foundation?
The Padula Family Foundation is a charitable organization, headquartered at 15 Juniper Drive, North Kingston, Rhode Island 02852. Its primary mission is to offer financial aid to numerous benevolent organizations not only in Rhode Island but also across various other states. The Foundation's core activity is centered around providing financial support, aiming to make a positive impact on various communities. This assistance is carried out through The Providence Center, which is located at 528 North Main Street, Providence, Rhode Island 02904.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating. The Padula Family Foundation has received a Two-Star rating primarily due to its Accountability & Finance score of 73%. This score indicates a moderate performance in maintaining financial integrity and transparency, which are crucial for donor trust and organizational effectiveness.
The foundation exhibits several strengths, including a fully independent board with all members meeting independence criteria, a clean record with no material diversion of assets, and a 100% program expense ratio, indicating that all of its expenses are directed towards its mission. These factors reflect positively on its governance and commitment to its objectives.
However, there are notable limitations, particularly in terms of transparency and policies. The foundation lacks a website listed on its tax form, as well as essential policies such as conflict of interest, whistleblower, and document retention. These omissions have negatively impacted its overall rating, highlighting areas for improvement in governance practices and public accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Padula Family Foundation legitimate?
Padula Family Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Padula Family 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
For more financial information, click here
What is the mission statement of Padula Family Foundation?
The Padula Family Foundation's mission is centered around providing financial aid to numerous charitable organizations beyond Rhode Island. In essence, their goal is to offer monetary support to a variety of charitable entities, contributing to various causes and communities. This mission is aimed at making a positive impact in various regions across the United States.
Who is the CEO of Padula Family Foundation?
Elisa Padula Cardone is the Treasurer of Padula Family Foundation.
What is the revenue of Padula Family Foundation?
Padula Family Foundation's revenue in 2022 was $30,095.
Who are the executives of Padula Family Foundation and what are their salaries?
There 4 volunteers at Padula Family Foundation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Padula Family Foundation?
Padula Family Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Padula Family Foundation
The Padula Family Foundation is committed to extending financial aid to numerous charitable organizations beyond its base in Rhode Island. In pursuit of its mission, this organization strives to provide substantial monetary support to numerous deserving non-profit entities. By doing so, it contributes to enhancing the capacity and impact of these organizations, enabling them to fulfill their respective objectives more effectively. The Padula Family Foundation's mission is an essential catalyst in uplifting various charitable causes and benefiting communities in need.
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Impact
August, 2024
Padula Family Foundation's impact is centered on providing financial assistance to various charitable organizations in Rhode Island and other states. Through their philanthropic efforts, they support initiatives that aim to make a positive difference in communities by helping those in need. This foundation plays a crucial role in facilitating the work of charitable organizations, enabling them to carry out their missions effectively and achieve greater impact in addressing various social issues. Their support helps to improve the quality of life for individuals and families who benefit from the services and programs provided by these organizations.
This information is meant to be a general summary of Padula Family 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.
- Investment Income: $21,368
- Gross Receipts: $30,095
Assets and Liabilities:
- Total Assets: $715,481
- Total Liabilities: $0
- Net Assets: $715,481
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Organization Details
Founding Year
2005
Phone
(401) 529-8355Principal Officer
Elisa Padula Cardone
Main Address
15 JUNIPER DRIVE, NORTH KINGSTOWN, RI, 02852
NTEE Category
Code: T12 - Philanthropy
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