Overview
What is Upper Merion Township Foundation?
The Upper Merion Township Foundation is a charitable organization based in King of Prussia, Pennsylvania. It was established through an agreement with the Valley Forge Casino in 2012. This fund serves as a means to distribute contributions to various community organizations, colleges, and universities, primarily for student scholarships and educational purposes. The foundation operates on a specific application process. It falls under the umbrella of Upper Merion Township and is utilized for special activities that generate income or expense, ultimately benefiting the community at large.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Stars
The Upper Merion Township Foundation has a low overall score of 58%, primarily driven by its Accountability & Finance metrics. The foundation scores well in areas such as having a board composed entirely of independent members, with a full score of 10 out of 10. It also demonstrates no material diversion of assets, which is a positive indicator of financial integrity.
However, significant weaknesses are noted in the foundation's policies and transparency. The organization lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which has resulted in a score of zero in those categories. Furthermore, the foundation's website is missing, which affects its accessibility and transparency to the public.
Financially, the foundation maintains a strong program expense ratio at 100%, indicating that all its expenses are directed toward programs. However, its liabilities to assets ratio stands at a concerning 95.02%, raising questions about its financial stability. Overall, while there are strengths in governance, the foundation has several critical areas that need improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Upper Merion Township Foundation legitimate?
Upper Merion Township Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Upper Merion Township 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.
Heare are some key statistics you may want to consider:
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What is the mission statement of Upper Merion Township Foundation?
The Upper Merion Township Foundation serves as a fund for unique community activities, generating both income and expenses. Its primary purpose is to distribute these funds to various beneficiaries, which include community organizations and educational institutions. The foundation primarily utilizes contributions from the Valley Forge Casino, as per an agreement with Upper Merion Township, dated January 31, 2012. These funds are allocated through an application process, providing scholarships or assistance to students. The foundation's goal is to positively impact the local community through these special activities.
Who is the CEO of Upper Merion Township Foundation?
Unavailable
What is the revenue of Upper Merion Township Foundation?
Upper Merion Township Foundation's revenue in 2022 was $133,887.
Who are the executives of Upper Merion Township Foundation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Upper Merion Township Foundation?
Upper Merion Township Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Upper Merion Township Foundation
The Upper Merion Township Foundation serves as a designated fund to manage special activities that generate income or incur expenses, benefiting the community at large. This fund, which is a part of Upper Merion Township, is utilized to distribute resources to various community organizations, colleges, and universities. The Foundation aids in providing scholarships and financial assistance to students through an application process, utilizing contributions from the Valley Forge Casino, as per an agreement established in 2012. By supporting local community organizations and educational institutions, the Upper Merion Township Foundation plays a crucial role in contributing to the betterment of its community, enhancing opportunities for its residents.
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Impact
October, 2024
The Upper Merion Township Foundation significantly enhances the local community by managing funds that support various initiatives and organizations, directly benefiting residents. Established through an agreement with the Valley Forge Casino in 2012, these contributions are strategically allocated to support scholarships for students, fostering educational opportunities within the community. Through a transparent application process, the foundation empowers local colleges and universities to assist deserving scholars, ultimately enriching the academic landscape of King of Prussia, PA. By channeling resources into human services and educational support, the foundation plays a crucial role in promoting community welfare and development.
This information is meant to be a general summary of Upper Merion Township 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.
- Gross Receipts: $133,887
Assets and Liabilities:
- Total Assets: $132,653
- Total Liabilities: $122,202
- Net Assets: $10,451
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Organization Details
Founding Year
1998
Phone
(610) 265-2600Main Address
175 W Valley Forge Rd, King of Prussia, PA, 19406
NTEE Category
Code: P12 - Human services
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