Overview
What is The Thursday Morning Club Inc?
The Thursday Morning Club Inc, located in Madison, New Jersey, is a dedicated nonprofit organization. Established with a mission to serve its local community and its surroundings, the club has been offering progressive programs aimed at the personal enrichment and general well-being of its citizens and members since its inception. Their activities range from youth and family services to community-oriented events, hospitality, and senior services. They also organize holiday events and various programs in the public interest. With around 20 employees, the club actively participates in numerous initiatives that contribute positively to the well-being of its community.
Official website here: www.tmcmch.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Thursday Morning Club Inc has received a two-star rating from Charity Navigator, with an overall score of 67%. This rating indicates that while the organization exhibits some strengths, particularly in governance with a fully independent board, there are notable areas for improvement in financial transparency and accountability.
The organization has demonstrated a strong commitment to governance, with 100% of its board members being independent. Additionally, it has shown no material diversion of assets, which is a positive indicator of its financial integrity. However, the absence of key policies such as whistleblower and document retention, along with missing financial statements on its website, highlights a significant gap in transparency.
Financially, The Thursday Morning Club shows a healthy liabilities to assets ratio at 1.20%, indicating manageable debt levels. However, the program expense ratio of 65.06% suggests that there may be room for improvement in the allocation of funds towards its programs versus administrative costs. Overall, while the organization has a solid foundation, addressing its weaknesses in policy development and financial reporting could enhance its trustworthiness and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is The Thursday Morning Club Inc legitimate?
The Thursday Morning Club Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Thursday Morning Club 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
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Other Salaries and Wages: $410,633
For more financial information, click here
Official website here: www.tmcmch.org
What is the mission statement of The Thursday Morning Club Inc?
The Thursday Morning Club Inc., since its inception, has dedicated its mission to serving local communities by initiating and providing progressive programs that contribute to the personal enrichment and general well-being of its citizens and members. The organization has been actively engaged in offering various services, including youth and family programs, community-oriented events, hospitality, junior and senior services, holiday events, and numerous programs in the public interest. Their goal is to enhance the lives of the community members and members of the club.
Official website here: www.tmcmch.org
Who is the CEO of The Thursday Morning Club Inc?
Linda Gero is the Treasurer of The Thursday Morning Club Inc.
Official website here: www.tmcmch.org
What is the revenue of The Thursday Morning Club Inc?
The Thursday Morning Club Inc's revenue in 2022 was $723,043.
Official website here: www.tmcmch.org
Who are the executives of The Thursday Morning Club Inc and what are their salaries?
The average compensation at The Thursday Morning Club Inc during 2022 was $20,532. There are 20 employees at The Thursday Morning Club Inc.
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Official website here: www.tmcmch.org
Where can I find the form 990 for The Thursday Morning Club Inc?
The Thursday Morning Club Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tmcmch.org
Learn more at the official website: www.tmcmch.org
Mission Statement of The Thursday Morning Club Inc
The Thursday Morning Club Inc, since its inception, has been committed to serving its community and the surrounding areas by undertaking and offering progressive programs. Their mission is geared towards enhancing the personal enrichment and general well-being of citizens and members. This non-profit organization focuses on various sectors, including youth and family services, community-oriented events, hospitality, junior and senior services, and holiday events, among others, all in the public interest. The Thursday Morning Club Inc strives to contribute positively to the lives of its community members, providing a wide range of programs that cater to their diverse needs.
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Impact
October, 2024
The Thursday Morning Club Inc significantly enhances the lives of residents in Madison and the surrounding communities through its diverse array of programs. By focusing on youth and family services, the organization plays a crucial role in fostering personal enrichment and well-being among community members.
Its commitment to community-oriented events, such as hospitality initiatives, holiday celebrations, and services tailored to both junior and senior citizens, ensures that individuals of all ages can engage meaningfully with one another. These programs facilitate social connections and provide vital support, contributing to a stronger, more cohesive community fabric.
By prioritizing progressive offerings, The Thursday Morning Club Inc directly addresses the evolving needs of its residents, making a lasting impact on personal and collective wellness. The initiatives spark growth, learning, and camaraderie, positioning the club as a cornerstone of community life in Madison.
This information is meant to be a general summary of The Thursday Morning Club 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: $37,072
- Program Service Revenue: $558,658
- Gross Receipts: $918,295
Assets and Liabilities:
- Total Assets: $2,636,549
- Total Liabilities: $79,623
- Net Assets: $2,556,926
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$499,329
COMMUNITY SERVICES
Revenue
$59,329
Organization Details
Founding Year
1924
Phone
(973) 377-0244Principal Officer
Linda Gero
Main Address
PO BOX 345, MADISON, NJ, 07940
Website
www.tmcmch.orgNTEE Category
Code: P28Z - Human services
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