Overview
What is The Sansone Foundation Inc?
The Sansone Foundation Inc is a charitable organization situated in Brooklyn, New York. Their primary focus is to offer assistance to families and victims who have experienced sudden tragedies. Additionally, they grant awards, scholarships, and financial aid to students enrolled or planning to enroll in accredited educational institutions. By providing this support, the Sansone Foundation aims to empower individuals and help them overcome difficult circumstances.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars
The Sansone Foundation Inc has received a 40% score from Charity Navigator, resulting in a Zero-Star out of Four Star rating. This score is based solely on the Accountability & Finance beacon, indicating significant concerns regarding the organization's financial practices. While the foundation has a fully independent board and adheres to certain transparency requirements, key areas such as whistleblower and document retention policies are missing, which raises questions about governance.
Strengths include the foundation's complete independence of its board members and the absence of any material diversion of assets. However, the Accountability & Finance score suffers greatly due to a 19.76% liabilities to assets ratio, which is a red flag concerning financial stability, and a low program expense ratio of 32.72%, suggesting that a minimal portion of expenditures is directed toward its programs.
Overall, while there are some positive aspects of governance at The Sansone Foundation Inc, the lack of crucial financial policies and low investment in its programs contribute to a concerning rating. Potential donors may want to consider these factors carefully before making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is The Sansone Foundation Inc legitimate?
The Sansone Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Sansone 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:
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Other Salaries and Wages: $0
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What is the mission statement of The Sansone Foundation Inc?
The Sansone Foundation Inc's mission is centered around providing assistance. Specifically, they aim to aid families and victims of sudden tragedies, in addition to granting scholarships and financial assistance to students enrolled or planning to enroll in accredited scholastic institutions. Their primary activities focus on the distribution of awards, scholarships, and financial aid to support the educational pursuits of students.
Who is the CEO of The Sansone Foundation Inc?
Carmine Gibaldi is the President of The Sansone Foundation Inc.
What is the revenue of The Sansone Foundation Inc?
The Sansone Foundation Inc's revenue in 2022 was $10.
Who are the executives of The Sansone Foundation Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for The Sansone Foundation Inc?
The Sansone Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Sansone Foundation Inc
The Sansone Foundation Inc, a charitable organization, is dedicated to providing assistance to families and victims who have experienced sudden tragedies. The foundation's mission is multifaceted, encompassing grant awards, scholarships, and financial assistance to students who are enrolled or will be enrolled in accredited scholastic institutions. By offering these resources, the Foundation aims to support and uplift individuals in their pursuit of education, thereby empowering them to shape their futures. Additionally, The Sansone Foundation Inc extends its reach to families who have been affected by unexpected hardships, providing them with the necessary aid during challenging times.
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Impact
June, 2024
The Sansone Foundation Inc provides crucial assistance to families and victims of sudden tragedies. Through their impactful efforts, they grant awards, scholarships, and financial assistance to students enrolled or looking to enroll in accredited scholastic institutions. Their mission to support those in need and promote education is truly making a positive impact on individuals and communities. Additionally, their focus on mental health through their activities helps address an important aspect of overall well-being.
This information is meant to be a general summary of The Sansone 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: $10
- Gross Receipts: $10
Assets and Liabilities:
- Total Assets: $264,414
- Total Liabilities: $52,250
- Net Assets: $212,164
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Organization Details
Founding Year
1976
Phone
(631) 568-7209Principal Officer
Carmine Gibaldi
Main Address
8866 17th AVENUE, BROOKLYN, NY, 11214
NTEE Category
Code: F40Z - Mental health
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