Monmouth Park Charity Fund Inc

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

EIN: 226063135 ✦ Oceanport, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Monmouth Park Charity Fund Inc?

Monmouth Park Charity Fund Inc, located in Oceanport, New Jersey, is a nonprofit organization dedicated to raising funds for charitable entities within Monmouth County. Their primary mission involves collecting donations and distributing them to various local charities. The organization's activities are centered around fundraising efforts, aiming to make a positive impact in their community by providing financial support to 16 deserving charities in the area.


Official website here: www.mpcharityfund.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 100%, Four-Star out of Four Star rating.

Monmouth Park Charity Fund Inc has achieved a remarkable score of 100%, indicating exceptional performance in accountability and finance. The organization has a fully independent board, with 18 members, ensuring strong governance standards. It has no material diversion of assets, highlighting its integrity in financial management.

The charity excels in transparency, as evidenced by its comprehensive policies, including conflict of interest, whistleblower, and document retention policies, all of which are listed and accessible on its website. Additionally, it maintains a high program expense ratio of 76.14%, demonstrating a strong commitment to its mission and effective allocation of resources. Overall, the organization’s robust reporting and governance practices reinforce its credibility in the nonprofit sector.


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

Is Monmouth Park Charity Fund Inc legitimate?

Monmouth Park Charity Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monmouth Park Charity Fund 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: $70,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.mpcharityfund.org

What is the mission statement of Monmouth Park Charity Fund Inc?

The Monmouth Park Charity Fund Inc is dedicated to raising funds for distribution to charitable organizations. Their primary mission is to provide financial assistance to various charities, specifically within Monmouth County, New Jersey. They accomplish this by granting cash to a total of 16 charities in the region. The organization's objective is to contribute to the betterment of the community by supporting these charitable initiatives.


Official website here: www.mpcharityfund.org

Who is the CEO of Monmouth Park Charity Fund Inc?

Debi Heptig is the Co-President of Monmouth Park Charity Fund Inc.


Official website here: www.mpcharityfund.org

What is the revenue of Monmouth Park Charity Fund Inc?

Monmouth Park Charity Fund Inc's revenue in 2022 was $469,235.


Official website here: www.mpcharityfund.org

Who are the executives of Monmouth Park Charity Fund Inc and what are their salaries?

There 35 volunteers at Monmouth Park Charity Fund Inc.


Here are 19 key members and their salaries:


Maureen Lloyd (Co-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maria Tanzola (Co-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barry Shapiro (Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda Sirico (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Denise Anderson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Klein (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas Donovan (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Warren Diamond (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jennifer Diehl (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas F Hayes (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandy Mullaney (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anita Roselle (Vice-President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debi Heptig (Director Of Operations)
  • Compensation: $70,200
  • Related: $0
  • Other: $0
Matthew Holman (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeanne Wall (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Raymond R Curnew Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Pagano (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gina Petillo (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nona Balaban (Racetrack Liasion)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.mpcharityfund.org

Where can I find the form 990 for Monmouth Park Charity Fund Inc?

Monmouth Park Charity Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mpcharityfund.org

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

Mission Statement of Monmouth Park Charity Fund Inc

Monmouth Park Charity Fund Inc, as its name suggests, is a nonprofit organization with a primary mission to raise funds. This mission is not merely an aim, but a purposeful action aimed at distributing these raised funds to charities within Monmouth County, New Jersey. The organization achieves this by providing cash grants to a total of sixteen charities operating within the county. By doing so, Monmouth Park Charity Fund Inc plays a significant role in supporting these charities and the communities they serve. The fund's mission is a testament to its commitment to giving back and making a positive impact in the lives of those in need.

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Impact




July, 2024

Monmouth Park Charity Fund Inc's impact can be seen in its direct support to 16 Monmouth County, New Jersey charities through cash grants. By raising funds specifically for distribution to these local organizations, Monmouth Park Charity Fund Inc plays a crucial role in supporting philanthropic efforts within its community. This targeted approach ensures that the funds raised have a meaningful and direct impact on important charitable initiatives in Monmouth County, ultimately contributing to the betterment of the community as a whole.




This information is meant to be a general summary of Monmouth Park Charity Fund 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
$469,235 (2022)
Expenses
$295,040 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $14
  • Gross Receipts: $567,248

Assets and Liabilities:

  • Total Assets: $434,614
  • Total Liabilities: $0
  • Net Assets: $434,614

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Organization Details

Founding Year

1947

Principal Officer

Debi Heptig

Main Address

175 OCEANPORT AVE, OCEANPORT, NJ, 07757

NTEE Category

Code: T30 - Philanthropy

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