Overview
What is Marc Foundation Inc?
Marc Foundation Inc, situated in Wappingers Falls, New York, is a dedicated nonprofit organization with a mission to aid, assist, foster, and promote addiction recovery. Their primary focus is on providing support and resources to individuals struggling with substance abuse. The nonprofit's activities are centered around this mission, aiming to make a positive impact in the recovery process. The exact nature of their activities and initiatives remains undisclosed in the provided information, but their commitment to addiction recovery is clear.
Official website here: www.marc-foundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 65%)
The Marc Foundation Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its overall operations and financial management. The foundation has demonstrated strong accountability, with a fully independent board and no material diversion of assets, showcasing a commitment to transparency and governance. Additionally, it has a whistleblower policy and maintains proper documentation of board meeting minutes.
However, the foundation's program expense ratio is relatively low at 52.45%, which suggests that a significant portion of its expenses may not be directed towards its core mission. This ratio contributes to the overall score of only 3 out of 25 points in that category, highlighting a potential area of concern regarding the effectiveness of its programs and services.
Overall, while the Marc Foundation Inc excels in governance and accountability, there are important aspects that require attention to improve its efficiency in resource allocation and programmatic impact.
This AI summary has been generated from information found on Charity Navigator.
Is Marc Foundation Inc legitimate?
Marc Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marc 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.
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Official website here: www.marc-foundation.org
What is the mission statement of Marc Foundation Inc?
The Marc Foundation Inc's mission is centered around aiding, assisting, fostering, and promoting addiction recovery. This organization is committed to contributing positively to individuals struggling with addiction, providing the necessary support to help them overcome their challenges and lead fulfilling lives. The foundation's activities are geared towards fostering an environment that encourages and supports addiction recovery, ultimately contributing to a society where addiction is effectively managed and overcome.
Official website here: www.marc-foundation.org
Who is the CEO of Marc Foundation Inc?
Michael Fanelli is the Director of Marc Foundation Inc.
Official website here: www.marc-foundation.org
What is the revenue of Marc Foundation Inc?
Marc Foundation Inc's revenue in 2020 was $48,005.
Official website here: www.marc-foundation.org
Who are the executives of Marc Foundation Inc and what are their salaries?
There 10 volunteers at Marc Foundation Inc.
Here are 15 key members and their salaries:
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Official website here: www.marc-foundation.org
Where can I find the form 990 for Marc Foundation Inc?
Marc Foundation Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.marc-foundation.org
Learn more at the official website: www.marc-foundation.org
Mission Statement of Marc Foundation Inc
The Marc Foundation Inc is committed to aiding, assisting, fostering, and promoting addiction recovery. This mission is at the heart of the organization's operations, driving its efforts to make a positive impact in this area. The foundation's goal is to provide assistance and support to individuals struggling with addiction, with the aim of helping them overcome their challenges and rebuild their lives. By promoting addiction recovery, the Marc Foundation Inc seeks to contribute to a broader societal goal of improving overall health and well-being.
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Impact
August, 2024
Marc Foundation Inc's impact is focused on aiding, assisting, fostering, and promoting addiction recovery in Wappingers Falls, NY. Their mission is dedicated to supporting individuals struggling with addiction and helping them on the path to recovery. Their work in this field contributes significantly to the well-being of those affected by addiction and provides essential support for individuals seeking to overcome their challenges.
This information is meant to be a general summary of Marc 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 2020.
- Investment Income: $270
- Gross Receipts: $48,005
Assets and Liabilities:
- Total Assets: $105,596
- Total Liabilities: $0
- Net Assets: $105,596
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Organization Details
Principal Officer
Michael Fanelli
Main Address
PO BOX 1724, WAPPINGERS FALLS, NY, 12590
Website
www.marc-foundation.orgNTEE Category
Code: T60Z - Philanthropy
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