Overview
What is Aspira Of New Jersey Endowment Foundation Inc?
Aspira Of New Jersey Endowment Foundation Inc is a charitable organization based in Newark, New Jersey, with a specific address at 390 Broad Street, 07104. Their primary mission is to lease space to Aspira Inc of New Jersey, a non-profit entity, for the operation of educational, social, and community programs on a non-profit basis. The foundation's objective aligns with supporting and fostering growth within these sectors, ultimately contributing to the betterment of the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 star (58%)
Aspira Of New Jersey Endowment Foundation Inc has received a low rating of 58%, which corresponds to a One-Star out of Four Stars designation. This rating is solely based on accountability and finance metrics, highlighting significant areas where the organization has faltered, particularly concerning transparency and governance policies. Despite some strengths in board independence and program expense ratios, the overall score is affected by deficiencies in required documents and policies.
The organization has been rated positively in areas such as having a majority of independent board members and zero material diversion of assets, which indicates a commitment to accountability in certain aspects. However, it falls short in transparency as evidenced by missing conflict of interest, whistleblower, and document retention policies. Additionally, the absence of the nonprofit's website listing on the tax form further detracts from its credibility.
The weaknesses in governance and missing documentation are critical aspects that potential donors and supporters should consider. There is a clear need for improvement in organizational policies to enhance transparency and accountability, which are vital for fostering trust with stakeholders and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Aspira Of New Jersey Endowment Foundation Inc legitimate?
Aspira Of New Jersey Endowment Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aspira Of New Jersey Endowment 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Aspira Of New Jersey Endowment Foundation Inc?
The Aspira Of New Jersey Endowment Foundation Inc serves a philanthropic purpose by owning real estate property, which is leased to Aspira Inc of New Jersey, a non-profit organization. The main objective of leasing the property is to facilitate the operation of educational, social, and community programs. The foundation's mission, therefore, is to support the charitable activities of Aspira Inc of New Jersey, enabling them to deliver services aimed at enhancing the community and promoting education. The foundation's role is essentially to provide a physical space for the execution of these noble initiatives on a non-profit basis.
Who is the CEO of Aspira Of New Jersey Endowment Foundation Inc?
Antonio Armand is the Principal Officer of Aspira Of New Jersey Endowment Foundation Inc.
What is the revenue of Aspira Of New Jersey Endowment Foundation Inc?
Aspira Of New Jersey Endowment Foundation Inc's revenue in 2022 was $78,083.
Who are the executives of Aspira Of New Jersey Endowment Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
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- Related: $247,752
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Aspira Of New Jersey Endowment Foundation Inc?
Aspira Of New Jersey Endowment Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Aspira Of New Jersey Endowment Foundation Inc
Aspira of New Jersey Endowment Foundation Inc, a non-profit organization, plays a significant role in leasing its real estate property to Aspira Inc of New Jersey, another non-profit entity. The primary purpose of leasing this space is to facilitate educational, social, and community programs. By doing so, the Endowment Foundation contributes to the charitable objectives of the leased organization, enabling it to operate and deliver beneficial services to the community on a non-profit basis.
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Impact
August, 2024
Aspira Of New Jersey Endowment Foundation Inc's impact is centered around supporting educational, social, and community programs through owning and leasing real estate property to Aspira Inc of New Jersey. By providing space for a non-profit organization to run charitable initiatives on a non-profit basis, the foundation contributes to the advancement of educational opportunities and community development in Newark, NJ. This philanthropic endeavor aims to create a positive impact on the local community through its support of vital programs and services.
This information is meant to be a general summary of Aspira Of New Jersey Endowment 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.
- Program Service Revenue: $78,083
- Gross Receipts: $78,083
Assets and Liabilities:
- Total Assets: $705,159
- Total Liabilities: $532,106
- Net Assets: $173,053
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME(390 BROAD ST)
Revenue
$78,083
Organization Details
Founding Year
1991
Phone
(973) 484-7554Principal Officer
Antonio Armand
Main Address
390 BROAD STREET, NEWARK, NJ, 071043311
NTEE Category
Code: T99I - Philanthropy
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