Overview
What is Friends Of Mcgill University Inc C/O Frank J Scarano Cpa Pllc?
Friends of McGill University Inc, under the guidance of Frank J. Scarano CPA PLLC, is a nonprofit organization based in New Rochelle, New York. Its primary mission is to promote education by providing charitable grants. Specifically, it has supported McGill University, a renowned learning institution, with funds for general educational purposes. The organization upholds the cause of advancing education and contributing to worthy charitable causes.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
Friends Of Mcgill University Inc has achieved an impressive 95% rating from Charity Navigator, indicating a strong performance in accountability and finance. The charity's overall score is solely based on its accountability and finance metrics, with no noted issues regarding asset diversion or conflicts of interest. Its governance structure is robust, with all board members being independent and high scores in financial oversight practices.
The organization showcases exceptional financial health, demonstrated by a program expense ratio of 98.90%, ensuring that the majority of its funds are directed towards its charitable programs. Additionally, it has a very favorable fundraising efficiency ratio of $0.00, reflecting a commitment to minimizing fundraising expenses and maximizing the impact of donations.
Overall, Friends Of Mcgill University Inc stands out for its transparency and effective financial management, making it a reliable choice for donors seeking to support its mission. The charity's proactive policies and practices enhance its credibility, although further details on its specific programs and outcomes could provide a more comprehensive view of its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Mcgill University Inc C/O Frank J Scarano Cpa Pllc legitimate?
Friends Of Mcgill University Inc C/O Frank J Scarano Cpa Pllc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Mcgill University Inc C/O Frank J Scarano Cpa Pllc 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 Friends Of Mcgill University Inc C/O Frank J Scarano Cpa Pllc?
Friends of McGill University Inc., under the leadership of Frank J. Scarano CPA PLLC, is dedicated to advancing education and making charitable grants for educational purposes. The organization achieves this by providing financial assistance to McGill University, a renowned institution known as the Royal Institution for the Advancement of Learning. The grants provided by Friends of McGill University are primarily used for general educational purposes. By supporting McGill University, the organization contributes to the broader goal of fostering knowledge and education.
Who is the CEO of Friends Of Mcgill University Inc C/O Frank J Scarano Cpa Pllc?
David C Mccutcheon is the President of Friends Of Mcgill University Inc C/O Frank J Scarano Cpa Pllc.
What is the revenue of Friends Of Mcgill University Inc C/O Frank J Scarano Cpa Pllc?
Friends Of Mcgill University Inc C/O Frank J Scarano Cpa Pllc's revenue in 2023 was $4,785,125.
Who are the executives of Friends Of Mcgill University Inc C/O Frank J Scarano Cpa Pllc and what are their salaries?
Here are 14 key members and their salaries:
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Where can I find the form 990 for Friends Of Mcgill University Inc C/O Frank J Scarano Cpa Pllc?
Friends Of Mcgill University Inc C/O Frank J Scarano Cpa Pllc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Friends Of Mcgill University Inc C/O Frank J Scarano Cpa Pllc
Friends of McGill University Inc., under the guidance of Frank J. Scarano CPA PLLC, is committed to advancing education and making charitable grants for educational purposes. This organization achieves its mission by providing financial assistance to McGill University, a renowned institution known as the Royal Institution for the Advancement of Learning (EIN 98-6001153). The grants provided by Friends of McGill University Inc. are primarily intended for general educational purposes, aimed at furthering the institution's academic goals. By supporting McGill University in this manner, Friends of McGill University Inc. contributes to the broader mission of promoting education and fostering learning opportunities for students and the community at large.
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Impact
October, 2024
Friends Of McGill University Inc, with a focus on advancing education, significantly contributes to the academic landscape by providing grants for charitable and educational purposes. The organization channels its resources to support the Royal Institution for the Advancement of Learning, better known as McGill University. By facilitating financial assistance for general educational purposes at this esteemed institution, it enhances the learning opportunities available to students and faculty alike. Through its efforts, the organization plays a vital role in fostering academic excellence and innovation, ultimately benefiting the broader educational community. This impact extends beyond individual recipients, as it supports the ongoing mission of McGill University to cultivate knowledge and serve society through quality education.
This information is meant to be a general summary of Friends Of Mcgill University Inc C/O Frank J Scarano Cpa Pllc. 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 2023.
- Investment Income: $275,277
- Gross Receipts: $5,499,830
Assets and Liabilities:
- Total Assets: $10,003,672
- Total Liabilities: $152,815
- Net Assets: $9,850,857
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Organization Details
Founding Year
1945
Phone
(212) 988-2772Principal Officer
David C Mccutcheon
Main Address
44 PRYER TERRACE, NEW ROCHELLE, NY, 108044419
NTEE Category
Code: B114 - Education
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