Overview
What is The Presbyterian Foundation For Philadelphia?
The Presbyterian Foundation for Philadelphia is a nonprofit organization headquartered at 6970 Germantown Avenue in Philadelphia, Pennsylvania (PA). With a mission rooted in Christian teachings, they focus on addressing the needs of the elderly, sick, disabled, and disadvantaged in the Philadelphia area, regardless of race, color, or creed. Their charitable efforts include providing financial support and strategic planning to organizations specializing in elder care, such as NewCourtland, which offers services to the elderly, homeless, and veterans. Additionally, their reach extends to various initiatives encompassing nursing homes, elder and disadvantaged housing, and community-based care for these populations.
Official website here: www.newcourtland.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Stars)
The Presbyterian Foundation for Philadelphia has earned a Three-Star rating from Charity Navigator, reflecting its solid performance in accountability and finance. The charity's overall score is derived entirely from its accountability and finance metrics, demonstrating a strong emphasis on financial integrity. With a score of 81% in this category, it showcases effective management of resources and adherence to best practices in governance.
One of the organization's notable strengths is its excellent performance across various financial oversight measures. It received perfect scores for its audit and oversight committee, conflict of interest policy, and other governance documents. Additionally, it maintains a strong program expense ratio of 90.82%, indicating that a significant portion of its funds directly supports its programs and services.
While the organization appears to be financially sound with no material diversion of assets and a favorable liabilities to assets ratio of 0.00%, it is important to note that the rating is based solely on financial metrics and does not provide insight into the effectiveness of its programs or community impact. This focus on financial accountability is commendable, but potential donors may want to seek additional information about the foundation's programmatic outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is The Presbyterian Foundation For Philadelphia legitimate?
The Presbyterian Foundation For Philadelphia is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Presbyterian Foundation For Philadelphia 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
For more financial information, click here
Official website here: www.newcourtland.org
What is the mission statement of The Presbyterian Foundation For Philadelphia?
The Presbyterian Foundation for Philadelphia is dedicated to addressing the needs of the elderly, sick, disabled, and disadvantaged individuals, regardless of race, color, or creed. The organization's primary objective is to provide financial support to institutions, like NewCourtland, that focus on the care of the elderly, homeless, and veterans. Furthermore, the Presbyterian Foundation for Philadelphia offers executive leadership and strategic planning to organizations involved in elder care within Philadelphia, which includes nursing homes, elder housing, and community-based care for the elderly, homeless, and veterans. In accordance with Christian teachings, the foundation strives to promote these objectives through cooperation with other organizations and encouraging education and scientific research.
Official website here: www.newcourtland.org
Who is the CEO of The Presbyterian Foundation For Philadelphia?
Michael P Demarco is the Principal Officer of The Presbyterian Foundation For Philadelphia. The CEO's salary of The Presbyterian Foundation For Philadelphia is $0 and their total compensation is $439,773.
Official website here: www.newcourtland.org
What is the revenue of The Presbyterian Foundation For Philadelphia?
The Presbyterian Foundation For Philadelphia's revenue in 2022 was $16,376,348.
Official website here: www.newcourtland.org
Who are the executives of The Presbyterian Foundation For Philadelphia and what are their salaries?
Here are 6 key members and their salaries (The Presbyterian Foundation For Philadelphia's CEO's salary is $0 and their total compensation is $439,773):
- Compensation: $0
- Related: $363,405
- Other: $76,368
- Compensation: $0
- Related: $299,616
- Other: $59,672
- Compensation: $0
- Related: $248,761
- Other: $69,472
- Compensation: $0
- Related: $69,653
- Other: $0
- Compensation: $0
- Related: $69,653
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.newcourtland.org
Where can I find the form 990 for The Presbyterian Foundation For Philadelphia?
The Presbyterian Foundation For Philadelphia's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newcourtland.org
Learn more at the official website: www.newcourtland.org
Mission Statement of The Presbyterian Foundation For Philadelphia
The Presbyterian Foundation For Philadelphia, a charitable organization, is dedicated to addressing the needs of the elderly, sick, disabled, and disadvantaged individuals in the community, disregarding race, color, or creed. In line with the teachings and example of Jesus Christ, this foundation endeavors to enhance education and scientific research while cooperating with similar organizations. The Presbyterian Foundation For Philadelphia assumes an executive leadership role and provides strategic planning for NewCourtland, an affiliate organization in Philadelphia, focusing on the care of the elderly, homeless, and veterans.
NewCourtland, a beneficiary of the Presbyterian Foundation For Philadelphia's support, offers a range of services to cater to the elderly, homeless, and veterans in the community. These services include nursing homes, elder housing, veteran housing, and community-based care for the elderly, homeless, and veterans. By providing financial assistance and strategic guidance, The Presbyterian Foundation For Philadelphia enables NewCourtland to effectively address the unique challenges faced by these vulnerable populations. Through its unwavering commitment to serving those in need, The Presbyterian Foundation For Philadelphia has become a significant force in Philadelphia's social welfare landscape.
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Impact
October, 2024
The Presbyterian Foundation for Philadelphia significantly impacts the community by addressing the needs of the elderly, sick, disabled, and disadvantaged residents of Philadelphia. Through financial support and strategic leadership, it plays a crucial role in enhancing the quality of care in nursing homes, elder housing, and senior centers. The foundation is instrumental in providing housing solutions for homeless individuals and veterans, ensuring that vulnerable populations receive the care and support they need.
By collaborating with organizations like NewCourtland, the foundation fosters a comprehensive approach to elder care and community-based services. Its commitment to inclusivity—serving individuals without regard for race, color, or creed—shows a dedication to equity and compassion in addressing the diverse challenges faced by the Philadelphia community. Through its initiatives, the foundation not only improves health outcomes but also promotes educational and scientific research to further enhance the overall well-being of its residents.
This information is meant to be a general summary of The Presbyterian Foundation For Philadelphia. 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: $16,376,348
- Gross Receipts: $16,376,348
Assets and Liabilities:
- Total Assets: $325,884,947
- Total Liabilities: $0
- Net Assets: $325,884,947
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Organization Details
Founding Year
1983
Phone
(215) 951-4290Principal Officer
Michael P Demarco
Main Address
6970 Germantown Avenue, Philadelphia, PA, 19119
Website
www.newcourtland.orgNTEE Category
Code: E110 - Health
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