Overview
What is Rapt Foundation Inc?
The Rapt Foundation, established in Woodbridge, New Jersey, is a nonprofit organization committed to making a positive impact in various aspects of society. Their primary mission revolves around promoting access to essential services, including medication, food, housing, and education. By raising funds, they work towards subsidizing these necessities, particularly for individuals dealing with substance abuse and HIV/AIDS prevention and treatment. The Rapt Foundation's goal is to ensure that these vital resources are within reach for those who need them most.
Official website here: www.theraptfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
Rapt Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a good level of accountability and financial health. The rating is based solely on the Accountability & Finance beacon, which highlights the organization’s commitment to financial transparency and good governance practices. The absence of any material diversion of assets and the presence of a solid conflict of interest policy contribute positively to its scoring.
The foundation demonstrates strong financial practices, evidenced by a program expense ratio of 74.15%. This suggests that a significant portion of its expenditures is directed toward its charitable programs, which is a positive sign for potential donors. The organization has also implemented essential policies like whistleblower and document retention policies, which further reinforce its responsible governance.
However, the overall rating relies exclusively on the accountability metrics, and there are no additional insights into programmatic effectiveness or impact. While the foundation shows strength in financial management, potential supporters may want to seek further information regarding its operational outcomes and the specific impact of its programs.
This AI summary has been generated from information found on Charity Navigator.
Is Rapt Foundation Inc legitimate?
Rapt Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rapt 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
For more financial information, click here
Official website here: www.theraptfoundation.com
What is the mission statement of Rapt Foundation Inc?
The Rapt Foundation, as a nonprofit organization, is dedicated to furthering the causes of medication, food, housing, and education. Their primary mission involves raising funds to subsidize these essentials for individuals dealing with substance abuse and HIV/AIDS prevention and treatment. By providing financial assistance for education, medication, shelter, and food, the Rapt Foundation seeks to make these necessities more accessible to those in need.
Official website here: www.theraptfoundation.com
Who is the CEO of Rapt Foundation Inc?
Dr Jean Lochet is the President of Rapt Foundation Inc.
Official website here: www.theraptfoundation.com
What is the revenue of Rapt Foundation Inc?
Rapt Foundation Inc's revenue in 2022 was $4,553.
Official website here: www.theraptfoundation.com
Who are the executives of Rapt Foundation Inc and what are their salaries?
There 40 volunteers at Rapt Foundation Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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Official website here: www.theraptfoundation.com
Where can I find the form 990 for Rapt Foundation Inc?
Rapt Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theraptfoundation.com
Learn more at the official website: www.theraptfoundation.com
Mission Statement of Rapt Foundation Inc
The Rapt Foundation, a non-profit organization, is committed to advancing medication, food, housing, and education. This mission drives their efforts to subsidize these essentials for individuals dealing with substance abuse and HIV/AIDS prevention and treatment. By raising funds, the Rapt Foundation aims to alleviate financial burdens associated with these crucial aspects of wellbeing, thereby contributing to a healthier and more stable community.
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Impact
August, 2024
Rapt Foundation Inc's impact can be seen in the communities it serves, where it provides vital support for medication, food, housing, and education. By subsidizing education, medication, shelter, and food for substance abuse and HIV/AIDS prevention and treatment, Rapt Foundation Inc plays a crucial role in promoting well-being and empowerment among vulnerable populations. Through its focused efforts in Woodbridge, NJ, Rapt Foundation Inc exemplifies its commitment to making a positive difference in the lives of those in need.
This information is meant to be a general summary of Rapt 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: $1
- Program Service Revenue: $4,552
- Gross Receipts: $4,553
Assets and Liabilities:
- Total Assets: $753
- Total Liabilities: $0
- Net Assets: $753
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BREAD FOR LIFE
Revenue
$4,552
Organization Details
Founding Year
1994
Phone
(609) 660-9370Principal Officer
Dr Jean Lochet
Main Address
43 CLAYTON CT, WOODBRIDGE, NJ, 07095
Website
www.theraptfoundation.comNTEE Category
Code: B82J - Education
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