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Cape Cod Times Needy Fund Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 222480332 ✦ Hyannis, MA ✦ Designated as a 501(c)(3)

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Overview

What is Cape Cod Times Needy Fund Inc?

Cape Cod Times Needy Fund Inc is a charitable organization, headquartered in Hyannis, Massachusetts. Established with the sole purpose of soliciting and distributing funds for charitable purposes, the organization primarily aids individuals and families residing on Cape Cod, Martha's Vineyard, and Nantucket who are undergoing temporary financial hardships. It offers urgent financial assistance for basic human needs, such as food, shelter, and other essentials, to help alleviate their struggles during challenging times. With a dedicated workforce of six employees, the Needy Fund Inc. continues to serve its community by providing essential support and resources.


Official website here: www.needyfund.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 84% (Three-Star out of Four Star Rating)

Cape Cod Times Needy Fund Inc has an overall score of 84%, indicating sound financial health and effective governance. The organization boasts a fully independent board and high scores in accountability and financial oversight, particularly in program expense ratio, where 84.12% of its expenditures are directly allocated to programs. However, the charity faces criticism for lacking several key policies, including those regarding conflicts of interest, whistleblower protections, and document retention.

User reviews reflect a mixed experience with the organization. Positive feedback highlights the charity's commitment to helping local community members, with one long-term donor expressing satisfaction in knowing their contributions directly benefit neighbors in need. This sentiment underscores the fund's local focus and community impact.

Conversely, there is a significant concern raised by a client served, who reported negative experiences related to misinformation in public reporting that severely affected their reputation. This incident illustrates potential risks in the organization's communication practices that could undermine its credibility and trustworthiness in the community. Overall, while the Cape Cod Times Needy Fund demonstrates strong financial practices, it must address governance shortcomings and communication issues to enhance its reputation and effectiveness.


This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.

What do the Facebook reviews say about Cape Cod Times Needy Fund Inc?

Though the Cape Cod Times Needy Fund Inc has not yet received a rating, the four reviews available provide a meaningful glimpse into their impact and services. Many users appreciate the organization's dedication to prioritizing individuals over political agendas, particularly in a time when homelessness and affordable housing are pressing issues in the Cape and Hyannis area.

Reviewers have expressed gratitude for the compassionate and sincere efforts of the staff, particularly highlighting a team member named Marty. The organization is commended for its ability to transform feelings of hopelessness into hope and for actively alleviating burdens faced by those in need.

Overall, the sentiment towards the Cape Cod Times Needy Fund is positive, with a clear appreciation for its mission and the support it offers to vulnerable community members. The organization appears to be making a meaningful difference in the lives of those it serves.


This AI summary has been generated from reviews found on Facebook.

Is Cape Cod Times Needy Fund Inc legitimate?

Cape Cod Times Needy Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cape Cod Times Needy Fund 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: $333,812

For more financial information, click here


Official website here: www.needyfund.org

What is the mission statement of Cape Cod Times Needy Fund Inc?

The mission of Cape Cod Times Needy Fund Inc is centered around providing urgent financial assistance for basic human needs to individuals and families who are currently experiencing temporary financial hardships. This charitable organization operates with the primary goal of alleviating immediate financial struggles, extending its scope to residents living on Cape Cod, Martha's Vineyard, and Nantucket. The corporation solicits and receives funds, with the intention of distributing them to those in need, contributing to the well-being of the broader community.


Official website here: www.needyfund.org

Who is the CEO of Cape Cod Times Needy Fund Inc?

Anne Brennan is the President of Cape Cod Times Needy Fund Inc.


Official website here: www.needyfund.org

What is the revenue of Cape Cod Times Needy Fund Inc?

Cape Cod Times Needy Fund Inc's revenue in 2022 was $1,673,188.


Official website here: www.needyfund.org

Who are the executives of Cape Cod Times Needy Fund Inc and what are their salaries?

The average compensation at Cape Cod Times Needy Fund Inc during 2022 was $55,635. There are 6 employees at Cape Cod Times Needy Fund Inc.


Here are 15 key members and their salaries:


Anne Brennan (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Pat Messmer (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stanley Hodkinson (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Telman (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Meyer (Past Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gerry Desautels (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joel Crowell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dyanne Cooney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Walden Scarafile (Director)
  • Compensation: $1,200
  • Related: $0
  • Other: $0
Sarah Turano-Flores (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Abbott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Claire Yannatos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allison Makkay Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Mecenas (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gary Woonteiler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.needyfund.org

Where can I find the form 990 for Cape Cod Times Needy Fund Inc?

Cape Cod Times Needy Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.needyfund.org

Learn more at the official website: www.needyfund.org

Mission Statement of Cape Cod Times Needy Fund Inc

Cape Cod Times Needy Fund Inc, a charitable organization, is established with the primary objective of providing urgent financial assistance for basic human needs to individuals and families who are temporarily struggling financially. Residing in Cape Cod, Martha's Vineyard, or Nantucket, these individuals and families find themselves in difficult circumstances and require immediate support. The organization's mission is to collect and distribute funds to aid these needy members of the community, ensuring they can meet their essential needs during this challenging period. The corporation's activities are exclusively dedicated to charitable purposes, focusing on alleviating temporary financial hardships and contributing positively to the local community.

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Impact




October, 2024

Cape Cod Times Needy Fund Inc offers critical support to individuals and families facing financial difficulties in Cape Cod, Martha's Vineyard, and Nantucket. By providing urgent financial assistance for basic human needs, the organization plays a vital role in alleviating the pressures of temporary hardships.

The impact is significant; it enables community members to access essential services such as food, housing, and medical care, which are crucial for maintaining stability during challenging times. The fund not only meets immediate needs but also fosters resilience among recipients, allowing them to recover and regain independence. This assistance serves to strengthen the overall well-being of the community, ensuring that those who are most vulnerable have the help they need to navigate difficult periods.




This information is meant to be a general summary of Cape Cod Times Needy Fund 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.

Revenue
$1,673,188 (2022)
Expenses
$1,718,291 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$26,525
  • Gross Receipts: $3,161,433

Assets and Liabilities:

  • Total Assets: $2,819,514
  • Total Liabilities: $55,419
  • Net Assets: $2,764,095

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Organization Details

Principal Officer

Anne Brennan

Main Address

PO BOX 804, HYANNIS, MA, 02601

NTEE Category

Code: T21Z - Philanthropy

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