Overview
What is Memorial Fund Inc?
Memorial Fund Inc is a nonprofit organization situated in Denville, New Jersey. Their primary mission is to provide emotional and physical support to boys who are mild to moderately emotionally disturbed, specifically residing in a home setting. They offer comprehensive aid to these children who are housed in an orphanage, aiming to create a nurturing and caring environment for them. Their activities focus on assisting the residents of this orphanage, ensuring their overall well-being and fostering their growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating from Charity Navigator)
Memorial Fund Inc has achieved a commendable score of 94%, reflecting strong accountability and financial practices. The organization boasts a fully independent board, ensuring transparency and effective governance. Its high program expense ratio of 94.42% indicates a strong commitment to directing funds towards its mission rather than administrative costs.
The organization's policies regarding conflict of interest, whistleblower protections, and document retention are well-established, contributing to its solid operational framework. With no reported material diversion of assets and excellent management of liabilities, Memorial Fund Inc demonstrates fiscal responsibility, instilling confidence in its stakeholders.
While the rating is highly positive, continuous engagement with stakeholders and transparency in communication can further strengthen its reputation and impact. Overall, the organization is recognized for its effective use of resources and strong governance practices, making it a trustworthy choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Memorial Fund Inc legitimate?
Memorial Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 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
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Memorial Fund Inc?
Memorial Fund Inc is dedicated to providing assistance to the residents of an orphanage housing emotionally disturbed children. Specifically, they offer emotional and physical support to boys who are mild to moderately emotionally disturbed. The organization's primary goal is to ensure the well-being and care of these children, providing them with a nurturing and supportive environment. The residential home, under Memorial Fund Inc's care, aims to foster growth and recovery for these young residents, enabling them to lead fulfilling lives.
Who is the CEO of Memorial Fund Inc?
John O'Connor is the Trustee of Memorial Fund Inc.
What is the revenue of Memorial Fund Inc?
Memorial Fund Inc's revenue in 2022 was $320,332.
Who are the executives of Memorial Fund Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Memorial Fund Inc?
Memorial Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Memorial Fund Inc
Memorial Fund Inc, a charitable organization, is dedicated to providing assistance to the residents of an orphanage housing emotionally disturbed children. The primary focus of this nonprofit is a residential home for boys who are mild to moderately emotionally disturbed. This home offers comprehensive emotional and physical support, ensuring the well-being of every child under its care. The mission of Memorial Fund Inc is to create a safe and nurturing environment for these children, providing them with the care and attention they need to thrive.
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Impact
June, 2024
Memorial Fund Inc has a significant impact on the lives of emotionally disturbed children residing in an orphanage in Denville, NJ. By providing assistance to this residential home for boys who are mild to moderately emotionally disturbed, this organization ensures that these children receive 100% emotional and physical support. Through their mission to help residents of this orphanage, Memorial Fund Inc plays a crucial role in improving the mental health and overall well-being of these vulnerable children.
This information is meant to be a general summary of 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: $218,279
- Gross Receipts: $867,187
Assets and Liabilities:
- Total Assets: $3,440,696
- Total Liabilities: $0
- Net Assets: $3,440,696
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Organization Details
Founding Year
1974
Phone
(973) 627-0212Principal Officer
John O'Connor
Main Address
170 DIAMOND SPRING ROAD, DENVILLE, NJ, 07834
NTEE Category
Code: F33 - Mental health
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