Overview
What is Fidelity Non-Profit Management Foundation?
The Fidelity Non-Profit Management Foundation is a grant-making organization located in Boston, Massachusetts. This nonprofit supports various causes, with a focus on arts and culture, education, medical research, and healthcare. It is committed to encouraging excellence in non-profit management standards. By providing grants and engaging in supporting activities, the foundation benefits Section 501(c)(3) and 509(a)(1) or (2) organizations that carry out functions or purposes in these fields.
What are the reviews and ratings of this charity?
Charity Navigator rating: 89%, Three-Star out of Four Star rating.
The Fidelity Non-Profit Management Foundation has received a solid Three-Star rating with an overall score of 89%, highlighting its strengths in accountability and financial practices. The organization demonstrates a commitment to transparency, with a significant majority of its board members being independent and a strong adherence to financial oversight policies. The foundation's program expense ratio is notably high at 99.01%, indicating a strong focus on delivering its mission effectively.
While the charity excels in areas such as financial statement auditing and conflict of interest policies, it faces challenges in fundraising efficiency, with a ratio of $0.002. This suggests that the organization may need to enhance its fundraising strategies to improve this aspect. Additionally, the salaries of key personnel, while reflective of their roles, may raise questions regarding compensation levels in relation to its fundraising effectiveness.
Overall, the Fidelity Non-Profit Management Foundation demonstrates a solid foundation in accountability and financial health, but there is room for improvement in fundraising and ensuring that compensation aligns with overall efficiency and effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Fidelity Non-Profit Management Foundation legitimate?
Fidelity Non-Profit Management Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fidelity Non-Profit Management Foundation 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: $1,540,929
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,830,261
For more financial information, click here
What is the mission statement of Fidelity Non-Profit Management Foundation?
The Fidelity Non-Profit Management Foundation focuses on grantmaking and supporting activities exclusively for the benefit of organizations described under sections 501(C)(3) and 509(A)(1) or (2) of the Code. These organizations conduct activities in arts and culture, education, or medical research and healthcare. The foundation emphasizes the importance of upholding high standards of non-profit management in carrying out these purposes.
Who is the CEO of Fidelity Non-Profit Management Foundation?
Maura Marx is the President of Fidelity Non-Profit Management Foundation.
What is the revenue of Fidelity Non-Profit Management Foundation?
Fidelity Non-Profit Management Foundation's revenue in 2022 was $137,942,315.
Who are the executives of Fidelity Non-Profit Management Foundation and what are their salaries?
Here are 16 key members and their salaries:
- Compensation: $25,000
- Related: $446,952
- Other: $0
- Compensation: $25,000
- Related: $0
- Other: $0
- Compensation: $25,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $742,862
- Related: $0
- Other: $28,521
- Compensation: $214,403
- Related: $0
- Other: $30,618
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $198,280
- Related: $0
- Other: $18,144
- Compensation: $206,506
- Related: $0
- Other: $26,595
- Compensation: $216,918
- Related: $0
- Other: $45,812
- Compensation: $206,472
- Related: $0
- Other: $58,875
- Compensation: $286,148
- Related: $0
- Other: $33,352
- Compensation: $258,257
- Related: $0
- Other: $1,002
- Compensation: $129,684
- Related: $0
- Other: $25,618
Where can I find the form 990 for Fidelity Non-Profit Management Foundation?
Fidelity Non-Profit Management Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fidelity Non-Profit Management Foundation
The Fidelity Non-Profit Management Foundation is a grant-making organization that supports various charities and conducts accompanying activities, exclusively benefiting Section 501(c)(3) and 509(a)(1) or (2) organizations as outlined in the Code. This foundation is dedicated to carrying out purposes in the areas of arts and culture, education, and medical research and healthcare. The Fidelity Non-Profit Management Foundation emphasizes the importance of upholding the highest standards of non-profit management within the organizations it aids.
In simple terms, the Fidelity Non-Profit Management Foundation serves as a catalyst for growth and development within the non-profit sector, focusing on the critical fields of arts and culture, education, and medical research and healthcare. By providing grants and additional support, this foundation plays a pivotal role in inspiring and encouraging excellence in the management of non-profit organizations, thereby enhancing their capacity to make a positive impact on society.
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Impact
October, 2024
The Fidelity Non-Profit Management Foundation significantly impacts various sectors through strategic grant-making that supports arts and culture, education, medical research, and healthcare. Emphasizing the highest standards of nonprofit management, the foundation enhances the operational effectiveness and sustainability of grantees. By providing funding and supporting activities, it enables organizations to fulfill their missions, promoting community improvement and enriching the societal fabric in Boston and beyond. The foundation's focus on these key areas not only fosters cultural enrichment and educational advancement but also contributes to the overall health and well-being of communities, ensuring that vital services and innovations in medical research continue to thrive.
This information is meant to be a general summary of Fidelity Non-Profit Management Foundation. 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: $81,976,471
- Gross Receipts: $234,277,769
Assets and Liabilities:
- Total Assets: $2,272,862,889
- Total Liabilities: $0
- Net Assets: $2,272,862,889
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Organization Details
Founding Year
1992
Phone
(617) 646-7418Principal Officer
Maura Marx
Main Address
7 WATER STREET, BOSTON, MA, 02109
NTEE Category
Code: S500 - Community improvement
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