Overview
What is The Jerome Foundation?
The Jerome Foundation is a charitable organization situated in Batavia, New York. Their primary objective is to assist their community by providing financial aid to local hospitals and Catholic services, ensuring they have the necessary resources to operate effectively. The foundation has demonstrated this commitment by granting funds for capital improvements to UMMC, as indicated in the provided information. The Jerome Foundation serves as a vital source of support for these crucial institutions, contributing to the overall well-being and development of their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
The Jerome Foundation has received a Three-Star rating from Charity Navigator, reflecting an overall score of 80%. This score is solely based on its Accountability and Finance metrics, indicating a strong commitment to transparency and ethical financial practices within the organization. Notably, the foundation maintains a perfect score for the majority of its board members being independent, showcasing a robust governance structure.
The organization also excels in its financial management, with no material diversion of assets and a favorable liabilities to assets ratio of 0.00%. The program expense ratio stands at an impressive 87.05%, suggesting that a substantial portion of its resources is directed toward its mission-driven programs, which enhances its effectiveness and operational integrity.
While the foundation scores well in all assessed areas, the concentration on a single beacon score might limit a broader evaluation of its impact and effectiveness. Nevertheless, the strong scores in accountability and finance reinforce the organization's reliability and responsible stewardship of donor funds.
This AI summary has been generated from information found on Charity Navigator.
Is The Jerome Foundation legitimate?
The Jerome Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Jerome 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.
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What is the mission statement of The Jerome Foundation?
The Jerome Foundation's mission is centered around providing support to the community. They accomplish this by aiding local hospitals and Catholic services with necessary funds. This financial assistance is instrumental in improving the capabilities of these institutions, thereby contributing positively to the community at large. As evidenced by their actions, the foundation has provided cash for capital improvements in one local hospital (UMMC).
Who is the CEO of The Jerome Foundation?
Robert Balbick is the President of The Jerome Foundation.
What is the revenue of The Jerome Foundation?
The Jerome Foundation's revenue in 2023 was $70,144.
Who are the executives of The Jerome Foundation and what are their salaries?
There 14 volunteers at The Jerome Foundation.
Here are 14 key members and their salaries:
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Where can I find the form 990 for The Jerome Foundation?
The Jerome Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Jerome Foundation
The Jerome Foundation is committed to supporting its community by providing financial assistance to local hospitals and Catholic services. Their mission is centered around identifying and addressing the financial needs of these institutions, thereby contributing to the well-being and health of the community as a whole. As evidenced by their actions, the foundation has demonstrated this commitment by providing cash for capital improvements to UMMC, indicating their role in facilitating necessary infrastructure development.
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Impact
August, 2024
The Jerome Foundation's impact can be seen in its direct support of local hospitals and Catholic services in Batavia, NY. By providing much-needed funds for capital improvements, the Foundation has played a crucial role in enhancing the infrastructure and services of these vital community institutions. This support ultimately contributes to the overall well-being of the community by ensuring that essential healthcare and religious services are accessible and of high quality.
This information is meant to be a general summary of The Jerome 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 2023.
- Investment Income: $67,619
- Program Service Revenue: $2,525
- Gross Receipts: $232,356
Assets and Liabilities:
- Total Assets: $1,130,713
- Total Liabilities: $0
- Net Assets: $1,130,713
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HEALTH & HUMANITARIAN
Revenue
$2,525
Organization Details
Founding Year
2004
Phone
(585) 343-3131Principal Officer
Robert Balbick
Main Address
PO BOX 249, BATAVIA, NY, 14020
NTEE Category
Code: E11 - Health
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