Overview
What is Essex Foundation Inc?
Essex Foundation Inc is a charitable organization based in Essex, Connecticut, with a primary goal of supporting the medical, educational, social welfare, and cultural needs of its local citizens. They accomplish this mission by managing and distributing funds and resources, as well as aiding and assisting institutions worldwide that share the same objectives. The organization's work directly benefits citizens of Essex and extends its support to institutions dedicated to meeting various community needs.
Official website here: www.theessexfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The Essex Foundation Inc has received a solid 76% rating from Charity Navigator, indicating a reasonable level of accountability and financial health. This rating is solely based on the Accountability & Finance beacon, where the organization scored particularly well in independent board composition and asset management. The board is entirely independent, which contributes positively to the organization's governance structure.
However, areas for improvement have been noted, particularly the absence of key policies such as a conflict of interest policy and a whistleblower policy. These missing documents detract from the overall accountability score, suggesting that while the organization is well-managed in terms of financials, there may be gaps in governance procedures that could affect transparency and ethical operations.
Despite these limitations, the Essex Foundation Inc demonstrates a strong commitment to its program expenses, with 82.16% of its expenditures directed toward its programs. This indicates a focus on fulfilling its mission and delivering on its promises to the community it serves. Overall, while there are concerns regarding governance policies, the foundation shows strengths in financial responsibility and independent oversight.
This AI summary has been generated from information found on Charity Navigator.
Is Essex Foundation Inc legitimate?
Essex Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Essex 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.theessexfoundation.org
What is the mission statement of Essex Foundation Inc?
The Essex Foundation Inc's mission is to gather and manage funds or other resources to address the medical, educational, social welfare, and cultural needs of citizens. This is done both directly and by supporting institutions worldwide, which are established and operate with the same objectives in mind. The foundation aims to assist individuals and communities in meeting these needs, thereby contributing to their overall well-being.
Official website here: www.theessexfoundation.org
Who is the CEO of Essex Foundation Inc?
Bruce Glowac is the President of Essex Foundation Inc.
Official website here: www.theessexfoundation.org
What is the revenue of Essex Foundation Inc?
Essex Foundation Inc's revenue in 2023 was $157,526.
Official website here: www.theessexfoundation.org
Who are the executives of Essex Foundation Inc and what are their salaries?
There 10 volunteers at Essex Foundation Inc.
Here are 7 key members and their salaries:
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Official website here: www.theessexfoundation.org
Where can I find the form 990 for Essex Foundation Inc?
Essex Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.theessexfoundation.org
Learn more at the official website: www.theessexfoundation.org
Mission Statement of Essex Foundation Inc
Essex Foundation Inc, a philanthropic organization, is dedicated to collecting and managing funds and resources to address the medical, educational, social welfare, and cultural needs of its community's citizens. The foundation accomplishes this mission by both directly supporting individuals and aiding institutions that share the same objectives, regardless of their location. These institutions are organized and operated with the purpose of fulfilling these essential needs. Essex Foundation Inc serves as a crucial ally in meeting the diverse requirements of its community, thereby contributing to its overall well-being.
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Impact
October, 2024
Essex Foundation Inc has a significant impact on the community by addressing the diverse medical, educational, social welfare, and cultural needs of its citizens. Through the effective administration of funds and resources, the foundation supports both individuals and various institutions dedicated to these essential areas.
By providing financial assistance and resources, Essex Foundation Inc plays a vital role in enhancing local healthcare services, educational programs, and cultural initiatives. This not only improves the quality of life for residents but also fosters a supportive environment where community members can thrive. The foundation’s commitment to aiding organizations allows it to extend its reach, ensuring that services are accessible to a broad spectrum of individuals in Essex.
In summary, Essex Foundation Inc is a cornerstone of support for the community, actively working to empower individuals and enrich the overall well-being of Essex through targeted assistance and resource distribution.
This information is meant to be a general summary of Essex 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 2023.
- Investment Income: $112,523
- Gross Receipts: $440,016
Assets and Liabilities:
- Total Assets: $1,679,095
- Total Liabilities: $0
- Net Assets: $1,679,095
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Organization Details
Founding Year
1970
Phone
(860) 227-7302Principal Officer
Bruce Glowac
Main Address
PO BOX 64, ESSEX, CT, 06426
Website
www.theessexfoundation.orgNTEE Category
Code: Z99 - Unknown
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