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George Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 223375944 ✦ Boonton, NJ ✦ Designated as a 501(c)(3)

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Overview

What is George Foundation Inc?

George Foundation Inc, headquartered in Boonton, New Jersey, is a dedicated nonprofit organization. Its primary mission is to support the well-being of disadvantaged individuals, including children and adults, through healthcare services, research, education, and provision of food and shelter. The organization also extends its assistance to those affected by disasters. Notably, George Foundation Inc operates an orphanage, school, and hospital for underprivileged children and adults, providing them with educational and medical treatment. In summary, the foundation strives to improve the lives of those in need, offering essential services and resources.


Official website here: www.tgfworld.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: Two-Star out of Four Stars (72%)

The George Foundation Inc has received a "Needs Improvement" rating from Charity Navigator, with a score of 72%. This indicates that while the organization demonstrates strong accountability and finance management, there are significant areas that require attention, particularly in governance practices.

One of the key strengths of the organization is its perfect score in accountability and finance, highlighting effective management of assets, an independent board, and proper documentation of board meeting minutes. However, the lack of conflict of interest and whistleblower policies raises concerns regarding governance and transparency, which are critical for maintaining stakeholder trust.

Furthermore, while the program expense ratio is relatively solid, there are no current scores for impact, culture, or leadership adaptability, indicating that the organization may not be effectively measuring or communicating its impact. Addressing these governance shortcomings and enhancing measurement practices could improve its overall rating and effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is George Foundation Inc legitimate?

George Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. George 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.tgfworld.org

What is the mission statement of George Foundation Inc?

The George Foundation Inc is committed to supporting various services for those in need and those affected by disasters. Their mission is to contribute to healthcare services, research, education, and the provision of food and shelter. The foundation operates an orphanage, school, and hospital specifically for disadvantaged children and adults. Their objectives include offering healthcare services, advancing research, and delivering educational opportunities. Additionally, they provide resources for individuals and families who have been impacted by disasters.


Official website here: www.tgfworld.org

Who is the CEO of George Foundation Inc?

Abraham George is the President of George Foundation Inc.


Official website here: www.tgfworld.org

What is the revenue of George Foundation Inc?

George Foundation Inc's revenue in 2022 was $12,607.


Official website here: www.tgfworld.org

Who are the executives of George Foundation Inc and what are their salaries?


Here are 5 key members and their salaries:


Abraham George (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mariam George (Sec. And Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lekha Keister (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Urmila Michael (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ajit George (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.tgfworld.org

Where can I find the form 990 for George Foundation Inc?

George Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.tgfworld.org

Learn more at the official website: www.tgfworld.org

Mission Statement of George Foundation Inc

George Foundation Inc is dedicated to supporting the health and wellbeing of disadvantaged individuals, particularly children and adults. Their mission encompasses providing healthcare services, conducting research, offering education, and providing food and shelter for those in need. The foundation operates an orphanage, school, and hospital for disadvantaged children and adults, aiming to provide a comprehensive range of support. This includes not only basic necessities but also medical treatment. In times of disaster, the George Foundation Inc also extends its assistance to those affected. The organization's work is focused on improving the lives of the less fortunate and providing them with the resources they need to overcome their challenges.

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Impact




August, 2024

George Foundation Inc has a significant impact on the lives of disadvantaged children and adults through its operation of an orphanage, school, and hospital. By providing essential healthcare services, education, food, and shelter, the organization supports the well-being of those in need and those affected by disasters. Through its commitment to research, education, and resource provision, George Foundation Inc plays a vital role in improving the lives of vulnerable populations both locally and internationally.




This information is meant to be a general summary of George 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.

Revenue
$12,607 (2022)
Expenses
$7,673 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $4,039
  • Gross Receipts: $494,305

Assets and Liabilities:

  • Total Assets: $688,703
  • Total Liabilities: $25,982
  • Net Assets: $662,721

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Organization Details

Founding Year

1995

Principal Officer

Abraham George

Main Address

141 HAWKINS PLACE PMB192, BOONTON, NJ, 070051127

NTEE Category

Code: Q300 - International

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