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Leah & Edward Frankel Supporting 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: 223506484 ✦ Whippany, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Leah & Edward Frankel Supporting Foundation Inc?

Leah & Edward Frankel Supporting Foundation Inc, located in Whippany, New Jersey, serves as a grant-making organization. Its primary role is to aid in carrying out the objectives of the Jewish Community Foundation of Greater Metrowest NJ, Inc. This foundation operates as a means to support various initiatives within the Jewish community, contributing to various projects and causes that align with the Jewish Community Foundation's mission. The specific activities and projects supported by the foundation remain undisclosed in the provided information.


Official website here: www.jcfgmw.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 97% (Four-Star out of Four Stars)

Leah & Edward Frankel Supporting Foundation Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization achieved a perfect score in several key areas, including having a fully independent board and a zero material diversion of assets, indicating robust governance practices. This score is based solely on its accountability and financial management, signifying a high level of trustworthiness.

The foundation's commitment to transparency is demonstrated through its comprehensive policies, including conflict of interest and whistleblower policies, both of which are clearly outlined and accessible. Additionally, the organization maintains a high program expense ratio, with nearly all its expenses directed towards its mission, showcasing its focus on effective program delivery.

While the foundation's financial health appears solid with a liabilities-to-assets ratio of 0.00%, it is important for potential donors to consider the organization's long-term impact and programmatic outcomes in addition to these financial metrics. Overall, Leah & Edward Frankel Supporting Foundation Inc stands out as a well-managed nonprofit with a strong accountability framework in place.


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

Is Leah & Edward Frankel Supporting Foundation Inc legitimate?

Leah & Edward Frankel Supporting Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leah & Edward Frankel Supporting 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.jcfgmw.org

What is the mission statement of Leah & Edward Frankel Supporting Foundation Inc?

The Leah & Edward Frankel Supporting Foundation Inc. serves as a supporting organization, granting funds to aid in carrying out the purposes of the Jewish Community Foundation of Greater Metrowest NJ, Inc. Their mission is centered around contributing to the objectives set by the Jewish Community Foundation, thereby supporting various initiatives within the Jewish community. While the foundation itself does not have a distinct, independent mission statement, it plays a crucial role in furthering the goals of the Jewish Community Foundation.


Official website here: www.jcfgmw.org

Who is the CEO of Leah & Edward Frankel Supporting Foundation Inc?

Edward Frankel is the Principal Officer of Leah & Edward Frankel Supporting Foundation Inc.


Official website here: www.jcfgmw.org

What is the revenue of Leah & Edward Frankel Supporting Foundation Inc?

Leah & Edward Frankel Supporting Foundation Inc's revenue in 2022 was $98.


Official website here: www.jcfgmw.org

Who are the executives of Leah & Edward Frankel Supporting Foundation Inc and what are their salaries?

There 3 volunteers at Leah & Edward Frankel Supporting Foundation Inc.


Here are 5 key members and their salaries:


Howard J Rabner (Board Secretary)
  • Compensation: $0
  • Related: $242,831
  • Other: $32,619
Kim Hirsh (Officer)
  • Compensation: $0
  • Related: $198,743
  • Other: $16,174
Edward M Frankel (President/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leah Frankel (Treasurer/Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steven D Levy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.jcfgmw.org

Where can I find the form 990 for Leah & Edward Frankel Supporting Foundation Inc?

Leah & Edward Frankel Supporting Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.jcfgmw.org

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

Mission Statement of Leah & Edward Frankel Supporting Foundation Inc

Leah & Edward Frankel Supporting Foundation Inc functions as a supporting entity, channeling its resources to serve the objectives of the Jewish Community Foundation of Greater Metrowest NJ, Inc. This foundation's mission is to contribute financially and facilitate initiatives that align with the primary mission of its parent organization. By doing so, Leah & Edward Frankel Supporting Foundation Inc plays a crucial role in furthering the causes and goals of the Jewish Community Foundation of Greater Metrowest NJ, Inc. This support may include funding various projects, programs, or initiatives that align with the Jewish Community Foundation's purpose. The foundation's role is to bolster the capabilities and reach of the Jewish Community Foundation, ultimately contributing to the betterment of the community it serves.

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Impact




October, 2024

Leah & Edward Frankel Supporting Foundation Inc plays a crucial role in promoting philanthropy by making grants that support the initiatives of the Jewish Community Foundation of Greater MetroWest NJ. Through its financial contributions, the foundation helps to strengthen community programs, enhance Jewish education, and support various charitable initiatives that align with the foundation's mission. Its impact is felt across the community as it addresses various needs and fosters a culture of giving, ultimately benefiting individuals and organizations within the Greater MetroWest NJ area.




This information is meant to be a general summary of Leah & Edward Frankel Supporting 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
$98 (2022)
Expenses
$2,465,863 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $98
  • Gross Receipts: $98

Assets and Liabilities:

  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0

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Organization Details

Founding Year

1996

Principal Officer

Edward Frankel

Main Address

901 ROUTE 10, WHIPPANY, NJ, 07981

NTEE Category

Code: T70Z - Philanthropy

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