Overview
What is The Mike Geltrude Foundation Inc?
The Mike Geltrude Foundation Inc, situated in Nutley, New Jersey, is a nonprofit organization established with charitable, scientific, literary, and educational purposes. Its primary focus is on supporting education, awareness, and research related to malignant melanoma, a form of skin cancer. The foundation also aims to develop educational scholarship programs. Recently, they granted $25,000 to Penn State University for melanoma research, further solidifying their commitment to this cause. The organization operates under Section 501(C)3 of the Internal Revenue Code, enabling it to receive tax-deductible donations.
Official website here: www.mikegeltrudefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, Two-Star out of Four Stars (60%)
The Mike Geltrude Foundation Inc has received a rating of 60% from Charity Navigator, indicating a need for improvement in its operational practices. The organization has achieved a perfect score in several areas, including having an entirely independent board and no material diversion of assets. However, limitations have been noted in its accountability and finance practices, particularly concerning the absence of crucial policies and documentation.
While the foundation shows a satisfactory program expense ratio of nearly 60%, signaling a commitment to its mission-related activities, the lack of a conflict of interest policy, as well as missing whistleblower and document retention policies, raises concerns about governance and transparency. Furthermore, the organization did not provide board meeting minutes or post its tax form on its website, which diminishes its accountability to stakeholders.
The overall score reflects a mixed picture: strong governance in terms of board independence and asset management, yet significant gaps in policy adherence and transparency. Addressing these limitations could enhance the foundation’s performance and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is The Mike Geltrude Foundation Inc legitimate?
The Mike Geltrude Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Mike Geltrude 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.mikegeltrudefoundation.org
What is the mission statement of The Mike Geltrude Foundation Inc?
The Mike Geltrude Foundation Inc was established with charitable, scientific, literary, and educational purposes in mind. Its primary focus is to support education, awareness, and research related to malignant melanoma. Additionally, the foundation aims to create educational scholarship programs. The organization has demonstrated its commitment by awarding a grant of $25,000 to Penn State University's melanoma research, a qualifying institution under Section 501(C)3 of the Internal Revenue Code of 1986, or its corresponding provisions in subsequent federal laws. In essence, the foundation's mission is to contribute to the understanding and potential treatment of malignant melanoma while also offering educational opportunities.
Official website here: www.mikegeltrudefoundation.org
Who is the CEO of The Mike Geltrude Foundation Inc?
Carmella Priolo is the Tres/Director of The Mike Geltrude Foundation Inc.
Official website here: www.mikegeltrudefoundation.org
What is the revenue of The Mike Geltrude Foundation Inc?
The Mike Geltrude Foundation Inc's revenue in 2022 was $70,343.
Official website here: www.mikegeltrudefoundation.org
Who are the executives of The Mike Geltrude Foundation Inc and what are their salaries?
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
Official website here: www.mikegeltrudefoundation.org
Where can I find the form 990 for The Mike Geltrude Foundation Inc?
The Mike Geltrude Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mikegeltrudefoundation.org
Learn more at the official website: www.mikegeltrudefoundation.org
Mission Statement of The Mike Geltrude Foundation Inc
The Mike Geltrude Foundation Inc is established with charitable, scientific, literary, and educational objectives. Its primary focus is to advocate for education, awareness, and research related to malignant melanoma. Furthermore, the organization aims to establish educational scholarship programs. Through its mission, The Mike Geltrude Foundation Inc seeks to contribute significantly to the understanding and treatment of this form of skin cancer, as well as provide financial assistance to deserving students in the field of related studies.
In pursuit of its mission, The Mike Geltrude Foundation Inc has demonstrated its commitment by awarding a grant of $25,000 to Penn State University's melanoma research. This institution is recognized as a qualifying organization under section 501(C)3 of the Internal Revenue Code of 1986, as amended, or the corresponding provisions of any subsequent federal laws. This funding is an indication of the Foundation's dedication to supporting groundbreaking research in the field of malignant melanoma, which ultimately aims to improve treatment options and save lives.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
The Mike Geltrude Foundation Inc's impact includes providing a grant of $25,000 to Penn State University for melanoma research. This contribution supports education, awareness, and research related to malignant melanoma. By funding educational scholarship programs and collaborating with institutions like Penn State University, the foundation plays a crucial role in advancing knowledge and potentially finding solutions for this disease.
This information is meant to be a general summary of The Mike Geltrude 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.
- Investment Income: $1,006
- Gross Receipts: $70,343
Assets and Liabilities:
- Total Assets: $147,487
- Total Liabilities: $0
- Net Assets: $147,487
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2006
Phone
(973) 667-8650Principal Officer
Carmella Priolo
Main Address
356 FRANKLIN AVENUE, NUTLEY, NJ, 07110
NTEE Category
Code: G30 - Disease
If you are a representative of The Mike Geltrude Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.