Overview
What is Kiwanis Foundation Of New England Inc?
Kiwanis Foundation of New England Inc, located at 228 Irvington Street, New Bedford, Massachusetts 02745, is a nonprofit organization dedicated to contributing to various charitable, scientific, or educational organizations. A significant portion of their efforts is directed towards supporting the Kiwanis Pediatric Trauma Institute at Tufts Medical Center. Through donations, they aim to make a positive impact on various causes that require financial support.
Official website here: www.kfne.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 44%, Zero-Star out of Four Star rating.
The Kiwanis Foundation of New England Inc has received a low rating of 44% from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization boasts a fully independent board and has properly documented board meeting minutes, it has several critical weaknesses that contribute to its low score. Key policies such as conflict of interest, whistleblower, and document retention are missing, which raises transparency issues.
In terms of financial health, the foundation's program expense ratio is notably low at 40.14%, suggesting that a substantial portion of its resources may not be directed towards its mission-driven programs. Additionally, the liabilities to assets ratio stands at 1.38%, indicating potential financial instability. These factors combined have resulted in a lack of confidence in the charity's overall operational effectiveness.
While the organization has strengths in board independence and financial statement integrity, the absence of essential governance policies and the underwhelming allocation of funds to programs may deter potential donors. Improved transparency and a focus on increasing program expenses could enhance the foundation's standing in the nonprofit community.
This AI summary has been generated from information found on Charity Navigator.
Is Kiwanis Foundation Of New England Inc legitimate?
Kiwanis Foundation Of New England Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kiwanis Foundation Of New England 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.
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Official website here: www.kfne.org
What is the mission statement of Kiwanis Foundation Of New England Inc?
The Kiwanis Foundation of New England Inc's mission is centered around making charitable, scientific, and educational donations. In essence, the foundation aims to contribute financially to various organizations that align with these sectors. One of their notable initiatives involves supporting the Kiwanis Pediatric Trauma Institute at Tufts Medical Center. The foundation's activities primarily revolve around providing financial aid to promote growth and development in these fields.
Official website here: www.kfne.org
Who is the CEO of Kiwanis Foundation Of New England Inc?
Theresa M Cook is the President - Elect of Kiwanis Foundation Of New England Inc.
Official website here: www.kfne.org
What is the revenue of Kiwanis Foundation Of New England Inc?
Kiwanis Foundation Of New England Inc's revenue in 2022 was $807,277.
Official website here: www.kfne.org
Who are the executives of Kiwanis Foundation Of New England Inc and what are their salaries?
Here are 23 key members and their salaries:
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Official website here: www.kfne.org
Where can I find the form 990 for Kiwanis Foundation Of New England Inc?
Kiwanis Foundation Of New England Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kfne.org
Learn more at the official website: www.kfne.org
Mission Statement of Kiwanis Foundation Of New England Inc
The Kiwanis Foundation of New England Inc is dedicated to making charitable, scientific, and educational contributions to various organizations. In pursuit of this mission, the foundation has chosen to support the Kiwanis Pediatric Trauma Institute at Tufts Medical Center. This institute is a crucial facility that focuses on providing specialized care for children who have suffered traumatic injuries. By donating to such organizations, the Kiwanis Foundation of New England Inc aims to contribute to the betterment of society and the well-being of children in need of medical attention. The foundation's mission is to leverage its resources in a strategic manner, ensuring that the donations it makes have a significant impact on the recipients.
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Impact
October, 2024
Kiwanis Foundation Of New England Inc significantly impacts community well-being by providing financial support to a variety of charitable, scientific, and educational organizations. One notable initiative is its support for the Kiwanis Pediatric Trauma Institute at Tufts Medical Center, which focuses on improving pediatric trauma care and outcomes. Through these donations, the foundation contributes to vital community improvements, enhancing the quality of life for children and families in New Bedford and beyond. By channeling resources into crucial areas such as health care and education, the foundation plays a key role in fostering a stronger, healthier community.
This information is meant to be a general summary of Kiwanis Foundation Of New England 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: $752,267
- Gross Receipts: $2,721,140
Assets and Liabilities:
- Total Assets: $7,084,256
- Total Liabilities: $97,807
- Net Assets: $6,986,449
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Organization Details
Founding Year
1954
Phone
(508) 626-0404Principal Officer
Theresa M Cook
Main Address
228 IRVINGTON STREET, NEW BEDFORD, MA, 02745
Website
www.kfne.orgNTEE Category
Code: S80 - Community improvement
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