Overview
What is The Westfield Foundation?
The Westfield Foundation is a charitable organization, headquartered in Westfield, New Jersey, with a focus on community betterment and enhancing the overall quality of life. Established as a not-for-profit entity, this organization manages funds set up by individuals and organizations with the intention of giving back to the community. By investing these funds wisely, The Westfield Foundation grants resources to cater to various community needs, thereby playing a significant role in shaping the well-being of its region. Currently, the organization has a small team of two dedicated individuals committed to its mission.
Official website here: www.westfieldfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star Rating
The Westfield Foundation has achieved a 92% rating from Charity Navigator, indicating a strong performance in accountability and finance. This high score reflects the charity's commitment to transparency and effective financial management, with a perfect score in several key areas, including an independent board and comprehensive financial oversight.
The organization boasts a fully independent board of members, which is crucial for maintaining objectivity and governance integrity. Additionally, its impressive program expense ratio of 95% suggests that the vast majority of its resources are directed toward its mission, rather than administrative costs.
While the rating does not highlight any significant weaknesses, it is important to note that the evaluation is based solely on financial metrics. Thus, prospective donors may want to consider additional factors such as program impact and community feedback for a well-rounded view of the foundation's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is The Westfield Foundation legitimate?
The Westfield Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Westfield 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: $40,636
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.westfieldfoundation.com
What is the mission statement of The Westfield Foundation?
The Westfield Foundation, as a not-for-profit entity, is committed to enhancing public welfare and bettering the overall community life. It manages funds established by individuals and organizations, invests these resources, and subsequently grants money to address the community's needs, ultimately striving to enhance the community's quality of life.
Official website here: www.westfieldfoundation.com
Who is the CEO of The Westfield Foundation?
Gerard Boyle is the Executive Director of The Westfield Foundation.
Official website here: www.westfieldfoundation.com
What is the revenue of The Westfield Foundation?
The Westfield Foundation's revenue in 2022 was $965,070.
Official website here: www.westfieldfoundation.com
Who are the executives of The Westfield Foundation and what are their salaries?
The average compensation at The Westfield Foundation during 2022 was $20,318. There are 2 employees and 15 volunteers at The Westfield Foundation.
Here are 17 key members and their salaries:
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Official website here: www.westfieldfoundation.com
Where can I find the form 990 for The Westfield Foundation?
The Westfield Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.westfieldfoundation.com
Learn more at the official website: www.westfieldfoundation.com
Mission Statement of The Westfield Foundation
The Westfield Foundation, as a not-for-profit entity, is committed to supporting the public well-being and enhancing the quality of life within its community. This organization serves as a steward, managing endowment and other funds that have been set up by individuals and organizations. By thoughtfully investing these resources, The Westfield Foundation aims to address and alleviate various community needs, ultimately contributing to an improved living standard for its inhabitants.
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Impact
October, 2024
The Westfield Foundation significantly enhances community life by providing essential grants that address various local needs. Through its careful administration of endowments and funds contributed by individuals and organizations, the foundation invests in initiatives that uplift and support the public well-being in Westfield, NJ. Its mission focuses on improving the quality of life for residents, facilitating programs, services, and projects that contribute to the community’s overall health and prosperity. By strategically allocating resources where they are most needed, The Westfield Foundation plays a crucial role in fostering a more vibrant, connected, and supportive community.
This information is meant to be a general summary of The Westfield 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: $856,348
- Gross Receipts: $965,070
Assets and Liabilities:
- Total Assets: $25,538,120
- Total Liabilities: $5,103,867
- Net Assets: $20,434,253
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Organization Details
Founding Year
1975
Principal Officer
Gerard Boyle
Main Address
PO Box 2295, Westfield, NJ, 07091
Website
www.westfieldfoundation.comNTEE Category
Code: T31 - Philanthropy
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