Overview
What is Montclair Foundation Inc?
Montclair Foundation Inc is a charitable organization located in Montclair, New Jersey, specifically at 21 Van Vleck Street. Their primary mission is to foster community development by providing financial aid and support to local non-profit entities. Additionally, they are dedicated to preserving the historical Van Vleck House and Gardens, a 5.8-acre site, which is open to the public for educational purposes. The gardens serve as a venue for horticultural learning, while the building on the estate functions as office space and program facilities for various New Jersey non-profit organizations and community groups. With a team of 15 dedicated individuals, Montclair Foundation Inc plays a significant role in enriching their local community.
Official website here: www.vanvleck.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 81%, Three-Star out of Four Star rating.
Montclair Foundation Inc has received an overall score of 81%, reflecting strong accountability and financial practices. The organization has excelled in several key areas, including a perfect score in financial statements oversight, material diversion of assets, and various policy implementations. Their impressive program expense ratio of 78.77% indicates a focus on direct program spending, which is a positive sign for donors concerned about impact.
Despite its strong financial rating, user feedback on platforms like Great Nonprofits presents a stark contrast. One review highlights a negative perception of the foundation, associating it with political views and local community challenges. This feedback suggests that public sentiment may not fully align with the organization's financial performance, indicating potential reputational challenges.
Overall, while Montclair Foundation Inc demonstrates sound financial management and accountability, it faces criticism from certain community members. This duality underscores the complexity of perceptions surrounding nonprofits, emphasizing the need for prospective donors to consider both financial metrics and public sentiment when assessing the organization.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Montclair Foundation Inc legitimate?
Montclair Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montclair 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: $106,826
Professional Fundraising Fees: $0
Other Salaries and Wages: $288,311
For more financial information, click here
Official website here: www.vanvleck.org
What is the mission statement of Montclair Foundation Inc?
The Montclair Foundation's mission is centered around fostering growth within the community. They accomplish this by providing financial support to local non-profit organizations and preserving the historic Van Vleck House & Gardens, which are open to the public for educational purposes. The foundation also utilizes the building on the estate for office and program facilities for various New Jersey nonprofit organizations and community groups. Their activities are primarily focused on nurturing community growth and the preservation of historical landmarks, benefiting both the local community and visitors alike.
Official website here: www.vanvleck.org
Who is the CEO of Montclair Foundation Inc?
Mark E Packer is the President of Montclair Foundation Inc.
Official website here: www.vanvleck.org
What is the revenue of Montclair Foundation Inc?
Montclair Foundation Inc's revenue in 2022 was $1,170,983.
Official website here: www.vanvleck.org
Who are the executives of Montclair Foundation Inc and what are their salaries?
The average compensation at Montclair Foundation Inc during 2022 was $26,342. There are 15 employees and 100 volunteers at Montclair Foundation Inc.
Here are 17 key members and their salaries:
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Official website here: www.vanvleck.org
Where can I find the form 990 for Montclair Foundation Inc?
Montclair Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vanvleck.org
Learn more at the official website: www.vanvleck.org
Mission Statement of Montclair Foundation Inc
The Montclair Foundation, a notable entity, plays a pivotal role in fostering development within its community. It achieves this mission through two primary means: offering financial support and resources to local non-profit organizations, and preserving the historic Van Vleck House & Gardens for public use. The foundation's dedication to the Van Vleck Estate stretches across a 5.8-acre site, providing horticultural education and making the building available as office and program facilities for various New Jersey nonprofit organizations and community groups. In essence, the Montclair Foundation serves as a catalyst for growth within its community, nurturing local non-profits and safeguarding a piece of historical heritage for public enjoyment.
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Impact
October, 2024
Montclair Foundation Inc plays a vital role in fostering community growth through its support and grant-giving initiatives aimed at local nonprofits. One of its key contributions is the preservation of the historic Van Vleck House & Gardens, a 5.8-acre site in Montclair, NJ. This beautifully maintained estate serves as a resource for horticultural education and also provides facilities for nonprofit organizations and community groups across New Jersey.
By offering a space that is open to the public, the foundation promotes accessibility to nature and education, enriching the cultural fabric of the community. The gardens not only enhance the aesthetic value of the area but also support environmental stewardship and community engagement. Through its multifaceted approach, Montclair Foundation Inc significantly impacts local communities by empowering nonprofits, fostering collaboration, and preserving historical resources for future generations.
This information is meant to be a general summary of Montclair 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $405,966
- Program Service Revenue: $55,371
- Gross Receipts: $1,496,946
Assets and Liabilities:
- Total Assets: $7,217,326
- Total Liabilities: $801,799
- Net Assets: $6,415,527
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Education Programs
Revenue
$55,371
Organization Details
Founding Year
1979
Phone
(973) 746-5390Principal Officer
Mark E Packer
Main Address
21 Van Vleck Street, Montclair, NJ, 07042
Website
www.vanvleck.orgNTEE Category
Code: T31 - Philanthropy
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