Overview
What is Anchor House Foundation Inc?
Anchor House Foundation Inc is a charitable organization situated in New Jersey, primarily focusing on supporting Anchor House, Inc., a temporary refuge for at-risk youth in Trenton, Mercer County. They achieve this goal by organizing an annual fundraising bicycle event, attracting around 200 participants. This event serves as a significant source of funds for Anchor House, Inc. The foundation also honors the memory of a young rider who passed away during the 1998 event by administering the Cory Golis scholarship fund. This scholarship is managed by a joint committee consisting of staff, parents, and keen cyclists.
Official website here: www.anchorhouseride.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84%, Three-Star out of Four Star rating.
Anchor House Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in its accountability and finance practices. The score of 84% reflects strong governance structures, including a fully independent board and effective financial management. The organization demonstrates good program expense ratios, with over 71% of its expenses directed towards its programs, highlighting its commitment to fulfilling its mission.
However, there are some shortcomings noted in the assessment. The charity lacks essential policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy, which could affect transparency and accountability. Additionally, the absence of a posted tax form on its website might hinder public access to important financial information.
Overall, while Anchor House Foundation Inc showcases strengths in board independence and financial oversight, addressing the noted policy shortcomings could enhance its accountability and transparency further, thereby improving its overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Anchor House Foundation Inc legitimate?
Anchor House Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anchor House Foundation 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: $90,934
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.anchorhouseride.org
What is the mission statement of Anchor House Foundation Inc?
The Anchor House Foundation's primary mission is to gather funds for Anchor House, a temporary shelter for young individuals. They achieve this through an annual fundraising bicycle event that attracts approximately 200 participants. Additionally, the foundation has established the Cory Golis scholarship fund in memory of a rider who passed away during the 1998 event. This scholarship is managed by a committee comprising staff, parents, and riders.
Official website here: www.anchorhouseride.org
Who is the CEO of Anchor House Foundation Inc?
Thaddeus P Mikulski is the President of Anchor House Foundation Inc.
Official website here: www.anchorhouseride.org
What is the revenue of Anchor House Foundation Inc?
Anchor House Foundation Inc's revenue in 2022 was $699,883.
Official website here: www.anchorhouseride.org
Who are the executives of Anchor House Foundation Inc and what are their salaries?
The average compensation at Anchor House Foundation Inc during 2022 was $90,934. There is 1 employee at Anchor House Foundation Inc.
Here are 10 key members and their salaries:
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- Compensation: $76,141
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- Other: $8,162
Official website here: www.anchorhouseride.org
Where can I find the form 990 for Anchor House Foundation Inc?
Anchor House Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.anchorhouseride.org
Learn more at the official website: www.anchorhouseride.org
Mission Statement of Anchor House Foundation Inc
Anchor House Foundation Inc, a charitable organization, is dedicated to raising funds for Anchor House, a temporary shelter for youth. One of their primary initiatives is an annual fundraising bicycle ride, which attracts around 200 participants. The purpose of this event is to support Anchor House, Inc., a vital resource for youth in need. Beyond this, the foundation has established the Cory Golis scholarship fund in memory of a young rider who passed away during the 1998 event. This scholarship is managed by a committee composed of staff, parents, and riders, demonstrating the foundation's commitment to honoring the memory of those who have been affected by their cause.
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Impact
July, 2024
Anchor House Foundation Inc's impact is profound in supporting Anchor House, Inc., a temporary shelter for youth in Trenton, Mercer County, NJ. Through their annual fundraising bicycle ride involving approximately 200 participants, the organization raises crucial funds to provide shelter and support for at-risk youth in the community. Additionally, the establishment of the Cory Golis scholarship fund, following a tragic event during the 1998 ride, demonstrates their commitment to honoring and supporting young individuals in need. This organization plays a vital role in providing essential human services and creating opportunities for vulnerable youth in Trenton.
This information is meant to be a general summary of Anchor House Foundation 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: $103,536
- Program Service Revenue: $48,000
- Gross Receipts: $751,442
Assets and Liabilities:
- Total Assets: $4,101,126
- Total Liabilities: $25,399
- Net Assets: $4,075,727
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REAL ESTATE: RENT
Revenue
$48,000
Organization Details
Founding Year
1987
Phone
(609) 278-9465Principal Officer
Thaddeus P Mikulski
Main Address
PO BOX 2357, TRENTON, NJ, 08607
Website
www.anchorhouseride.orgNTEE Category
Code: P73I - Human services
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