Overview
What is The Abram Demaree Homestead Inc?
The Abram Demaree Homestead Inc, situated in Hoboken, New Jersey (specifically at 1227 Bloomfield Street), is a nonprofit organization with a mission to preserve and restore a nationally registered historic site. This significant site, once home to Abram Demaree, is open to the public. Beyond just preservation, the Homestead's purpose extends to fostering community, education, and cultural programs. Furthermore, to address local needs, the Homestead provides farm-produced food items to the homeless and underprivileged. With a team of 12 dedicated individuals, the Homestead is committed to upholding its mission and serving its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars, Needs Improvement, Overall Score: 70%
The Abram Demaree Homestead Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its operations and financial management. While the overall score is 70%, which reflects some strengths, there are areas identified for growth, particularly in program expenses and efficiency.
The organization demonstrates a solid commitment to governance, with 100% independent board members and strong financial oversight. The absence of material diversion of assets and the regular documentation of board meeting minutes further illustrate its dedication to accountability. However, the program expense ratio of 60.52% suggests that a significant portion of funds may not be directed towards programs, which could be a concern for potential donors looking for impactful contributions.
Overall, while the Abram Demaree Homestead Inc shows positive governance practices and a low liabilities-to-assets ratio, the feedback indicates that enhancing program expenditure effectiveness could improve its rating and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is The Abram Demaree Homestead Inc legitimate?
The Abram Demaree Homestead Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Abram Demaree Homestead 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: $229,417
For more financial information, click here
What is the mission statement of The Abram Demaree Homestead Inc?
The Abram Demaree Homestead Inc's mission is centered around the preservation and restoration of a nationally registered historic site, making it accessible to the public. Beyond this, the organization aims to develop and promote community, educational, and cultural programs. Furthermore, they contribute to the welfare of the homeless and needy by providing them with farm-grown food products.
Who is the CEO of The Abram Demaree Homestead Inc?
Andrew Crain is the Trustee of The Abram Demaree Homestead Inc.
What is the revenue of The Abram Demaree Homestead Inc?
The Abram Demaree Homestead Inc's revenue in 2022 was $513,764.
Who are the executives of The Abram Demaree Homestead Inc and what are their salaries?
The average compensation at The Abram Demaree Homestead Inc during 2022 was $19,118. There are 12 employees and 2 volunteers at The Abram Demaree Homestead Inc.
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 The Abram Demaree Homestead Inc?
The Abram Demaree Homestead Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Abram Demaree Homestead Inc
The Abram Demaree Homestead Inc is committed to preserving and restoring a nationally recognized historical site, which is open to the public. The organization's primary mission is to safeguard the historical significance of the Abram Demaree Homestead and leverage this platform to facilitate community, educational, and cultural programs. Furthermore, The Abram Demaree Homestead Inc extends its efforts to contribute to the well-being of the less fortunate by providing farm-fresh food products to the homeless and needy. By operating and preserving this historic site, the nonprofit aims to promote historical awareness and foster community engagement.
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Impact
July, 2024
The impact of The Abram Demaree Homestead Inc is significant in the preservation and promotion of a nationally registered historic site. By operating and maintaining the Abram Demaree Homestead, this organization contributes to the preservation of historical heritage and cultural significance for future generations. Additionally, the development and promotion of community, educational, and cultural programs help foster a sense of appreciation and understanding of local history and traditions. Furthermore, providing farmed food products to the homeless and needy demonstrates a commitment to supporting vulnerable populations and addressing food insecurity issues in the community. Overall, The Abram Demaree Homestead Inc plays a vital role in heritage preservation, community engagement, and social responsibility.
This information is meant to be a general summary of The Abram Demaree Homestead 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: $146,324
- Gross Receipts: $513,764
Assets and Liabilities:
- Total Assets: $7,721,896
- Total Liabilities: $24,077
- Net Assets: $7,697,819
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Organization Details
Founding Year
1982
Phone
(917) 699-0242Principal Officer
Andrew Crain
Main Address
1227 BLOOMFIELD STREET, HOBOKEN, NJ, 07030
NTEE Category
Code: A54 - Arts
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