Overview
What is Montreux Management Corporation?
Montreux Management Corporation is a nonprofit organization based in Colmar, Pennsylvania. Their primary role involves providing management and administrative services to a related tax-exempt organization. Specifically, they manage an organization that offers a home-like environment to medically fragile children, ensuring they receive appropriate care and support. With a workforce of just two individuals, they work diligently to provide essential services to these vulnerable children.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 47% (Zero-Star out of Four Stars)
Montreux Management Corporation has received a Zero-Star rating from Charity Navigator, indicating significant concerns regarding its financial health and efficiency. The low score primarily results from the organization’s poor program expense ratio, which reflects that only a small portion of its expenses is directed towards its programs and services.
On a positive note, the organization demonstrates strong governance practices, with a fully independent board and no material diversion of assets. Additionally, it has established conflict of interest policies and maintains thorough documentation of board meeting minutes, which are all considered strong points in its accountability and financial practices.
However, the critical issue lies in its liabilities to assets ratio and the minimal percentage of funds spent on programs, which raises questions about its operational effectiveness and sustainability. Overall, while governance aspects are commendable, the financial metrics suggest areas that require urgent improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Montreux Management Corporation legitimate?
Montreux Management Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montreux Management Corporation 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: $262,827
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Montreux Management Corporation?
Montreux Management Corporation offers management and administrative services to related tax-exempt organizations. One of the organizations it serves is dedicated to providing a home-like environment for medically fragile children. In essence, Montreux Management Corporation's mission is to support this organization in its aim to offer a nurturing environment for children with significant health challenges. By providing essential management services, Montreux Management Corporation helps ensure the smooth operation and successful functioning of this organization, thus contributing to the well-being of the children it serves.
Who is the CEO of Montreux Management Corporation?
Wayne Jordan is the President of Montreux Management Corporation.
What is the revenue of Montreux Management Corporation?
Montreux Management Corporation's revenue in 2022 was $297,500.
Who are the executives of Montreux Management Corporation and what are their salaries?
The average compensation at Montreux Management Corporation during 2022 was $131,414. There are 2 employees at Montreux Management Corporation.
Here are 5 key members and their salaries:
- Compensation: $104,000
- Related: $0
- Other: $6,184
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $175,002
- Related: $22,650
- Other: $0
Where can I find the form 990 for Montreux Management Corporation?
Montreux Management Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Montreux Management Corporation
Montreux Management Corporation, a corporation dedicated to providing administrative services, supports a related tax-exempt organization that offers a nurturing and supportive environment for medically fragile children. Specifically, the organization under Montreux's management aims to provide these vulnerable children with a home-like setting, ensuring they receive the care they need. Montreux's role is essential in ensuring the smooth operation of this life-changing organization, which offers a sanctuary for medically fragile children, providing them with the necessary care and support they require.
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Impact
June, 2024
Montreux Management Corporation's impact lies in providing crucial management and administrative services to a related tax-exempt organization that offers a home-like environment to medically fragile children. By handling these essential tasks, Montreux Management Corporation allows the related organization to focus on its mission of caring for these vulnerable children. This support ultimately contributes to improving the well-being and quality of life for medically fragile children in need of specialized care.
This information is meant to be a general summary of Montreux Management Corporation. 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.
- Program Service Revenue: $297,500
- Gross Receipts: $297,500
Assets and Liabilities:
- Total Assets: $45,684
- Total Liabilities: $22,009
- Net Assets: $23,675
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE INCOME
Revenue
$297,500
Organization Details
Founding Year
1998
Phone
(215) 822-6565Principal Officer
Wayne Jordan
Main Address
PO Box 486, COLMAR, PA, 18915
NTEE Category
Code: F33 - Mental health
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