Overview
What is Rein Foundation Inc?
Rein Foundation Inc, located in Lakewood, New Jersey, is a nonprofit organization that extends financial aid to disadvantaged individuals and educational institutions. Their mission involves providing grants to cover essential expenses such as housing, food, childcare, and clothing for impoverished individuals. Additionally, they support educational institutions with funding. The foundation's efforts contribute to improving the living conditions and opportunities for underprivileged individuals and institutions within their community.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating
The Rein Foundation Inc has received an 83% score from Charity Navigator, reflecting a solid performance in accountability and finance. The organization demonstrates strong governance with a fully independent board, receiving perfect scores in both board member independence and size. Additionally, it shows impressive financial efficiency, with a program expense ratio of 99.73%, indicating that nearly all its resources are allocated to its programs.
However, there are some notable limitations in the foundation's policies. The absence of crucial documents such as a whistleblower policy and a document retention and destruction policy resulted in a loss of points in those areas. These omissions may raise concerns about transparency and internal controls, which are important for maintaining trust with donors and stakeholders.
Overall, while the Rein Foundation Inc exhibits commendable financial management and governance practices, addressing the missing policies could further enhance its accountability and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Rein Foundation Inc legitimate?
Rein Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rein 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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Official website here: www.none
What is the mission statement of Rein Foundation Inc?
The Rein Foundation Inc's mission is centered around providing aid to impoverished individuals and educational institutions. Their primary goal is to cover essential expenses such as housing, food, childcare, and clothing for those in need. Furthermore, they extend their support to educational institutions by funding their associated costs. This philanthropic organization strives to alleviate financial burdens and contribute to the betterment of underprivileged communities and educational institutions.
Official website here: www.none
Who is the CEO of Rein Foundation Inc?
David M Reinman is the President of Rein Foundation Inc.
Official website here: www.none
What is the revenue of Rein Foundation Inc?
Rein Foundation Inc's revenue in 2022 was $122,924.
Official website here: www.none
Who are the executives of Rein Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Rein Foundation Inc
The Rein Foundation Inc, as its mission statement suggests, is an organization dedicated to providing financial aid to impoverished individuals and educational institutions. This aid is intended to cover various essential expenses, including housing, food, childcare, and clothing. Moreover, the foundation extends its support to educational institutions, contributing funds towards their operational costs. By doing so, Rein Foundation Inc strives to alleviate the financial burdens of those in need and contribute to their overall well-being.
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Impact
October, 2024
Rein Foundation Inc significantly impacts communities by providing essential grants to impoverished individuals and educational institutions. These grants are allocated to cover critical needs such as housing, food, childcare, clothing, and education. Based in Lakewood, NJ, the foundation focuses on uplifting those in financial distress, enabling them to access basic necessities and improve their overall quality of life. By supporting educational institutions, the foundation enhances educational opportunities, which contributes to a more equitable society. Through its philanthropic efforts, Rein Foundation Inc fosters hope and a pathway to a better future for individuals and families in need.
This information is meant to be a general summary of Rein 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: $50,637
- Gross Receipts: $122,924
Assets and Liabilities:
- Total Assets: $5,896,890
- Total Liabilities: $491,179
- Net Assets: $5,405,711
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Organization Details
Founding Year
1994
Phone
(732) 364-4378Principal Officer
David M Reinman
Main Address
650 NINTH STREET, LAKEWOOD, NJ, 08701
Website
www.noneNTEE Category
Code: T30 - Philanthropy
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