Overview
What is Kpmg Us Foundation Inc?
Kpmg Us Foundation Inc is a charitable organization founded to help partners and employees of KPMG llp provide assistance to colleagues facing immediate financial hardships due to natural disasters. Their mission extends beyond disaster relief by promoting equity and improving access to resources in their communities. The Foundation now grants funds to eligible US organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 64%, earning it a Two-Star out of Four Star rating.
The KPMG US Foundation Inc has received a Two-Star rating from Charity Navigator, reflecting a moderate level of accountability and financial health. While the organization showcases a strong program expense ratio of 99.57%, indicating that nearly all its expenses are directed towards its programs, it faces significant challenges in governance and transparency, particularly due to its lack of independent board members.
One of the notable strengths of the foundation is its rigorous financial management, evidenced by a perfect score in its audit and oversight committee. However, critical weaknesses include the total absence of independent board members and the lack of a website listed on its tax form, which raises concerns about its governance practices and public accountability. Additionally, the foundation has missed opportunities to demonstrate transparency by not posting its tax form on its website, which could limit public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Kpmg Us Foundation Inc legitimate?
Kpmg Us Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kpmg Us 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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What is the mission statement of Kpmg Us Foundation Inc?
The Kpmg Us Foundation Inc is committed to fostering trustworthy partnerships to enhance equity and access in communities. Their mission is to grow together for a better future, focusing on providing assistance to those in need following natural disasters. The organization serves as a means for KPMG llp employees and partners to extend financial aid to colleagues who have experienced an immediate financial crisis or permanent financial loss due to natural disasters. The foundation now extends its grant-making activities to qualified US-based organizations.
Who is the CEO of Kpmg Us Foundation Inc?
Anita Whitehead is the Chair & Director of Kpmg Us Foundation Inc.
What is the revenue of Kpmg Us Foundation Inc?
Kpmg Us Foundation Inc's revenue in 2022 was $21,294,183.
Who are the executives of Kpmg Us Foundation Inc and what are their salaries?
There 76 volunteers at Kpmg Us Foundation Inc.
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Where can I find the form 990 for Kpmg Us Foundation Inc?
Kpmg Us Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kpmg Us Foundation Inc
Kpmg Us Foundation Inc is a charitable organization dedicated to fostering equitable and accessible communities through trusted partnerships. With a mission to grow together for a better future, the foundation prioritizes building strong relationships to address pressing social needs.
At its core, Kpmg Us Foundation Inc serves as a vital resource for those encountering financial hardships due to natural disasters. By providing grants to eligible U.S. organizations, the foundation offers vital assistance to individuals who face immediate financial needs or experience permanent financial losses. This support ensures that communities remain resilient in times of crisis.
In essence, the Kpmg Us Foundation Inc functions as a beacon of hope and a catalyst for change. By harnessing the power of partnerships, the organization empowers individuals and communities to overcome adversity and rebuild their lives. Through its commitment to equity and access, the foundation strives to create lasting, positive impacts in the lives of those it serves.
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Impact
October, 2024
KPMG US Foundation Inc significantly impacts communities by supporting KPMG LLP partners and employees facing immediate financial needs or permanent financial losses due to natural disasters. Through its grant-making initiatives, the foundation helps individuals regain stability during difficult times, thereby fostering resilience within the workforce. The foundation's mission centers on building trusted partnerships to enhance equity and access in communities, promoting a collective commitment to social responsibility and public safety. By focusing on these areas, KPMG US Foundation Inc contributes to stronger community ties and a supportive environment for those in need.
This information is meant to be a general summary of Kpmg Us 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: $44,964
- Gross Receipts: $21,294,183
Assets and Liabilities:
- Total Assets: $7,668,523
- Total Liabilities: $3,416,996
- Net Assets: $4,251,527
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Organization Details
Founding Year
1992
Phone
(703) 286-8245Principal Officer
Anita Whitehead
Main Address
3 CHESTNUT RIDGE RD, MONTVALE, NJ, 07645
NTEE Category
Code: M99Z - Public safety
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