Overview
What is Adp Foundation?
The ADP Foundation is a New Jersey-based not-for-profit organization, located at ONE ADP Boulevard - MS433, Roseland, NJ, 07068. Established in 1978, its primary mission is to collect and distribute funds to qualifying U.S. charitable institutions and organizations, as described in Section 501(C)(3) of the Internal Revenue Code. Through this mission, the foundation plays a significant role in supporting various causes and initiatives within the American charitable sector.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: Needs Improvement
The Adp Foundation has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 67%. This indicates significant room for improvement in various areas, particularly in accountability and governance. The foundation's lack of independent board members is a notable concern, which impacts its governance score and raises questions about its oversight.
On a positive note, the foundation demonstrates strong financial management, as indicated by its high program expense ratio of 98.85%, suggesting that a large portion of its funds is directed towards its programs. Additionally, it has no reported material diversion of assets, which is a positive aspect regarding financial integrity.
However, several key policies and disclosures are missing, including a conflict of interest policy, a whistleblower policy, and information on its website regarding its financial statements. The absence of these elements points to potential weaknesses in transparency and accountability that the organization would need to address to improve its rating.
This AI summary has been generated from information found on Charity Navigator.
Is Adp Foundation legitimate?
Adp Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Adp 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
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What is the mission statement of Adp Foundation?
The Adp Foundation is a not-for-profit organization, established in 1978, dedicated to managing funds for donation to charitable institutions in the United States falling under Section 501(c)(3) of the Internal Revenue Code. Its primary role is to receive and administer funds for charitable disbursement to qualified organizations. In simpler terms, the Adp Foundation acts as a philanthropic intermediary, facilitating the giving process between donors and worthy causes within the US. These grants and contributions are distributed to deserving charities in accordance with the foundation's mission.
Who is the CEO of Adp Foundation?
Paul Boland is the Trustee of Adp Foundation.
What is the revenue of Adp Foundation?
Adp Foundation's revenue in 2022 was $17,219,858.
Who are the executives of Adp Foundation and what are their salaries?
Here are 3 key members and their salaries:
- 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 Adp Foundation?
Adp Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Adp Foundation
The ADP Foundation, established in 1978, is a not-for-profit organization that plays a vital role in the United States charity sector. This foundation serves as a conduit for collecting and distributing funds to other charitable organizations, all of which hold 501(c)(3) status under the Internal Revenue Code.
In essence, the ADP Foundation acts as a philanthropic partner, providing crucial financial support to a diverse array of organizations striving to make a difference in various communities across the country. By channeling resources to these qualified charities, the foundation enables them to expand their reach and intensify their efforts in addressing a multitude of societal issues.
The ADP Foundation's primary mission is to receive and administer funds for donation to U.S.-based charitable organizations that align with the Section 501(c)(3) designation. This designation encompasses a wide range of causes, from education and healthcare to disaster relief and human services. By facilitating these financial transactions, the foundation empowers these organizations to continue their important work, ultimately improving lives and contributing to the overall betterment of society.
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Impact
October, 2024
The Adp Foundation plays a significant role in advancing philanthropic efforts through the distribution of grants and contributions to qualified charitable organizations across the United States. Established in 1978, its primary mission is to manage and allocate funds to support various initiatives that align with the Internal Revenue Code's section 501(c)(3) criteria.
Through its strategic funding, the foundation enhances community support and drives positive change in areas such as education, health, and social services. By empowering other charitable organizations, the Adp Foundation amplifies their impact, fostering improved social outcomes and enriching the lives of individuals across diverse communities. Its ongoing commitment to philanthropy enables a wide array of projects and programs to thrive, ultimately contributing to the greater good of society.
This information is meant to be a general summary of Adp 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: $364,623
- Gross Receipts: $17,219,858
Assets and Liabilities:
- Total Assets: $24,442,861
- Total Liabilities: $4,252,380
- Net Assets: $20,190,481
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Organization Details
Founding Year
1978
Phone
(973) 974-3017Principal Officer
Paul Boland
Main Address
ONE ADP BOULEVARD - MS433, ROSELAND, NJ, 07068
NTEE Category
Code: T900 - Philanthropy
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