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Symmes Memorial Fund Co Rockland Trust

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 203376787 ✦ Hanover, MA ✦ Designated as a 501(c)(3)

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Overview

What is Symmes Memorial Fund Co Rockland Trust?

Symmes Memorial Fund Co, a nonprofit entity associated with Rockland Trust, is based in Hanover, Massachusetts, specifically at 2036 Washington Street. Their primary mission is to contribute financially to medical organizations situated in Arlington, Massachusetts. By providing financial support, they aim to bolster the capabilities and reach of these non-profit medical institutions, ultimately benefiting the local community.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 53%, One-Star out of Four Star rating.

The Symmes Memorial Fund Co Rockland Trust has received a low score primarily due to its accountability and finance practices. The one-star rating indicates significant concerns, particularly regarding governance, as there are no independent board members, which raises questions about oversight and transparency. The absence of critical policies, such as conflict of interest and whistleblower protections, further contributes to the low rating.

Despite these governance issues, the organization demonstrates a strong commitment to its mission, as evidenced by a high program expense ratio of 82.57%. This suggests that a significant portion of its resources is directed towards its charitable activities rather than administrative costs. However, the lack of basic operational transparency, including a missing website and financial disclosures, limits the organization's credibility.

Overall, while the Symmes Memorial Fund Co Rockland Trust may effectively implement its programs, the glaring deficiencies in governance and transparency present serious concerns for potential donors and stakeholders. Addressing these issues could enhance trust and improve its rating in the future.


This AI summary has been generated from information found on Charity Navigator.

Is Symmes Memorial Fund Co Rockland Trust legitimate?

Symmes Memorial Fund Co Rockland Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Symmes Memorial Fund Co Rockland Trust 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 Symmes Memorial Fund Co Rockland Trust?

The Symmes Memorial Fund Co, affiliated with Rockland Trust, is committed to aiding non-profit medical organizations. Their primary objective is to provide financial assistance to these organizations, thereby contributing to their operational needs and advancements. The fund's mission revolves around supporting the medical sector, thereby enhancing healthcare services and research in an unspecified location.

Who is the CEO of Symmes Memorial Fund Co Rockland Trust?

John F Maher is the President of Symmes Memorial Fund Co Rockland Trust.

What is the revenue of Symmes Memorial Fund Co Rockland Trust?

Symmes Memorial Fund Co Rockland Trust's revenue in 2022 was $38,716.

Who are the executives of Symmes Memorial Fund Co Rockland Trust and what are their salaries?


Here are 3 key members and their salaries:


John Maher (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allen Reedy (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jacqueline Keshian (Secretary/Clerk)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Symmes Memorial Fund Co Rockland Trust?

Symmes Memorial Fund Co Rockland Trust's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Symmes Memorial Fund Co Rockland Trust

Symmes Memorial Fund Co. Rockland Trust, as detailed, is committed to supporting non-profit medical organizations in their mission. This philanthropic organization dedicates its resources to aid these medical organizations, located primarily in the Arlington, MA area. By providing financial support, Symmes Memorial Fund Co. Rockland Trust contributes to the overall wellbeing and advancement of these non-profit medical institutions, thereby impacting the health and wellness of the communities they serve.

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Impact




August, 2024

Symmes Memorial Fund Co Rockland Trust's impact is focused on supporting non-profit medical organizations in the Arlington, MA area. Through its financial assistance, these organizations are able to continue their vital work in providing medical services and support to the community. The fund plays a crucial role in enhancing the quality of healthcare services available to individuals in Arlington and surrounding areas.




This information is meant to be a general summary of Symmes Memorial Fund Co Rockland Trust. 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.

Revenue
$38,716 (2022)
Expenses
$57,764 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $38,716
  • Gross Receipts: $97,997

Assets and Liabilities:

  • Total Assets: $758,761
  • Total Liabilities: $0
  • Net Assets: $758,761

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Organization Details

Founding Year

2005

Principal Officer

John F Maher

Main Address

2036 WASHINGTON STREET, HANOVER, MA, 02339

NTEE Category

Code: T31 - Philanthropy

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