Overview
What is Hudson County Bar Foundation?
The Hudson County Bar Foundation is a charitable organization situated in Jersey City, New Jersey, specifically at 583 Newark Avenue, 4th Floor. Its primary mission is to provide scholarship grants to individuals in need of legal services, supported by the Hudson County Bar Association. This financial aid aims to facilitate the educational advancement of these individuals as they strive to become attorneys. The foundation plays a crucial role in fostering legal professionals, contributing to the community's access to legal services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating reflects the Hudson County Bar Foundation's performance in accountability and finance, indicating some strengths but also notable areas needing improvement.
The foundation demonstrates a strong governance structure with a fully independent board and no material diversion of assets. It has effectively managed its liabilities, showcasing a low liabilities-to-assets ratio and high program expense ratio, meaning that it directs a significant portion of its resources to its programs.
However, there are several critical compliance and transparency issues, such as missing policies related to conflict of interest, whistleblower protection, and document retention. Additionally, their website is not listed on their tax form, and required tax documents are not available on their site, which may limit public accessibility to important information. These factors contribute to its lower rating, suggesting that while the foundation is financially sound, its operational transparency could be significantly improved.
This AI summary has been generated from information found on Charity Navigator.
Is Hudson County Bar Foundation legitimate?
Hudson County Bar Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hudson County Bar Foundation 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.
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What is the mission statement of Hudson County Bar Foundation?
The Hudson County Bar Foundation's mission is centered around providing scholarship funds to individuals, facilitating their advancement in becoming attorneys. By doing so, the foundation aims to support those who require legal services. The scholarships cover tuition and associated benefits, enabling individuals to pursue a career in law. This initiative is backed by the Hudson County Bar Association, further reinforcing the foundation's commitment to legal support.
Who is the CEO of Hudson County Bar Foundation?
John E Molinari is the Vice Preside of Hudson County Bar Foundation.
What is the revenue of Hudson County Bar Foundation?
Hudson County Bar Foundation's revenue in 2022 was $20,498.
Who are the executives of Hudson County Bar Foundation and what are their salaries?
Here are 13 key members and their salaries:
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Where can I find the form 990 for Hudson County Bar Foundation?
Hudson County Bar Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hudson County Bar Foundation
The Hudson County Bar Foundation, a notable entity, is dedicated to providing scholarship grants for individuals seeking to advance in their legal studies and become attorneys. This nonprofit organization supports the Hudson County Bar Association in offering financial aid for tuition and related benefits. By doing so, it empowers individuals who require legal services and are in need of financial assistance to pursue their legal careers. The Hudson County Bar Foundation's mission is to contribute to the wider legal community by nurturing future legal professionals, thereby ensuring that those who require legal services have access to competent and dedicated legal professionals.
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Impact
August, 2024
The Hudson County Bar Foundation's impact can be seen through its provision of scholarship funds to individuals pursuing studies to become attorneys. These scholarship grants for tuition and benefits support those in need of legal services, contributing to the advancement of individuals in their legal education journey. Through its support of the Hudson County Bar Association, the foundation plays a crucial role in enabling individuals to access education and opportunities in the legal field, ultimately benefiting the community and the justice system.
This information is meant to be a general summary of Hudson County Bar Foundation. 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: $12,707
- Gross Receipts: $408,140
Assets and Liabilities:
- Total Assets: $1,303,935
- Total Liabilities: $240,870
- Net Assets: $1,063,065
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Organization Details
Founding Year
1962
Phone
(201) 798-4708Principal Officer
John E Molinari
Main Address
583 NEWARK AVENUE 4TH FL, JERSEY CITY, NJ, 073062301
NTEE Category
Code: I128 - Crime
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