Overview
What is Joey Bella Memorial Fund Inc?
Joey Bella Memorial Fund Inc is a nonprofit organization situated in Denville, New Jersey, with a mission to provide financial aid to families grappling with life-threatening catastrophic illnesses. The organization, which is both nonsectarian and nondenominational, serves as a unified platform for civic and religious organizations in the local area to extend direct assistance to families in need. The organization raises funds through various activities and accepts contributions, meticulously budgeting and approving related costs by the Board. The financial aid provided by Joey Bella Memorial Fund Inc covers three main areas: reimbursing out-of-pocket expenses paid directly to families, funding services rendered directly to families by vendors, and covering special needs such as insurance premiums and mortgage payments, among others, which are not typically covered by insurance.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
The Joey Bella Memorial Fund Inc has received a "Needs Improvement" rating from Charity Navigator, indicating some areas where the organization can enhance its practices. With an overall score of 73%, the fund demonstrates strengths in its program expense ratio, dedicating 82.87% of its expenses directly to programs, as well as achieving a perfect score in board independence and asset management.
However, there are notable limitations in the organization's accountability and transparency practices. The charity lacks several critical policies, including a conflict of interest policy, a whistleblower policy, and a document retention policy, all of which received zero points. Additionally, the charity's website was not listed on its tax form, and key documents, such as its tax form, are not posted on the nonprofit's website, which could hinder transparency.
In summary, while the Joey Bella Memorial Fund Inc excels in program expenditure and maintaining an independent board, it faces significant challenges in transparency and governance. Improving these areas could enhance its overall effectiveness and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Joey Bella Memorial Fund Inc legitimate?
Joey Bella Memorial Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Joey Bella Memorial 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
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What is the mission statement of Joey Bella Memorial Fund Inc?
The Joey Bella Memorial Fund Inc is committed to offering financial aid to families grappling with life-threatening and catastrophic illnesses. This non-sectarian and non-denominational organization serves as a unified platform for civic and religious organizations to extend direct assistance to those in need. The funds for this initiative are primarily raised through various activities and contributions. The organization's financial assistance is categorized into three main areas: reimbursing families for out-of-pocket expenses, paying vendors for services directly benefiting the families, and providing support services and special needs that may not be covered by insurance. The Board of the organization reviews and approves these requests for assistance.
Who is the CEO of Joey Bella Memorial Fund Inc?
Dan Napolitano is the Vice President of Joey Bella Memorial Fund Inc. The CEO's salary of Joey Bella Memorial Fund Inc is $0 and their total compensation is $0.
What is the revenue of Joey Bella Memorial Fund Inc?
Joey Bella Memorial Fund Inc's revenue in 2022 was $76,731.
Who are the executives of Joey Bella Memorial Fund Inc and what are their salaries?
There 50 volunteers at Joey Bella Memorial Fund Inc.
Here are 19 key members and their salaries (Joey Bella Memorial Fund Inc's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Joey Bella Memorial Fund Inc?
Joey Bella Memorial Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Joey Bella Memorial Fund Inc
Joey Bella Memorial Fund Inc, a nonsectarian and nondenominational organization, is dedicated to providing financial assistance to families who are grappling with life-threatening catastrophic illnesses. Serving as a single point of contact for civic and religious organizations in various communities, this organization offers a unique platform for offering direct aid to families in need. The fundraising activities and acceptance of contributions support the organization's mission, with the costs of these activities being meticulously budgeted and approved by the board.
The Joey Bella Memorial Fund Inc offers three types of financial assistance to families affected by catastrophic illnesses. They reimburse families for out-of-pocket expenses they have incurred, pay vendors directly for services rendered to these families, and cover special needs such as insurance premiums, mortgage payments, and other expenses that may not be covered by insurance. The decision to provide financial aid is made by the board, ensuring that the funds are allocated in a responsible and effective manner. By offering this crucial support, Joey Bella Memorial Fund Inc aims to alleviate some of the financial burden faced by families dealing with life-threatening illnesses, enabling them to focus on their recovery and well-being.
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Impact
August, 2024
The Joey Bella Memorial Fund Inc impacts families facing life-threatening catastrophic illness by providing crucial financial assistance. This support includes reimbursing families for out-of-pocket expenses, paying vendors for services rendered, and covering support services like insurance premiums and mortgage payments. The organization's revenue comes from fundraising activities and contributions, with all costs approved by the Board. By offering a single outlet for civic and religious organizations in Denville, NJ to assist these families, the fund plays a vital role in the community.
This information is meant to be a general summary of Joey Bella Memorial 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $25,830
- Gross Receipts: $124,144
Assets and Liabilities:
- Total Assets: $1,157,121
- Total Liabilities: $0
- Net Assets: $1,157,121
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Organization Details
Founding Year
1988
Phone
(973) 627-2663Principal Officer
Dan Napolitano
Main Address
15 MYERS AVE, DENVILLE, NJ, 07834
NTEE Category
Code: E86Z - Health
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