Overview
What is Spastic Children's Endowment Foundation?
The Spastic Children's Endowment Foundation is a charitable organization based in Woodland Hills, California, specifically located at 6430 Independence Ave, ZIP code 91367. The Foundation's primary role is to collect and disburse funds to the United Cerebral Palsy/Spastic Children's Foundation of Los Angeles & Ventura Counties. In essence, it serves as a conduit for financial resources to support this specific affiliate of United Cerebral Palsy, enabling them to carry out their mission effectively.
Official website here: www.momentum4all.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 92%, Four-Star out of Four Star rating.
The Spastic Children's Endowment Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting a robust accountability and finance score of 92%. This rating signifies that the organization effectively manages its resources and adheres to high standards of transparency and integrity. The foundation has fully independent board members and a commendable program expense ratio, indicating that a significant portion of its funds directly supports its mission.
Strengths highlighted in the evaluation include a 100% independent board membership and strong financial oversight mechanisms. The foundation demonstrates excellent practices in areas such as conflict of interest and whistleblower policies, ensuring ethical governance. Additionally, the lack of material diversion of assets and a healthy liabilities to assets ratio underlines the organization’s solid financial health.
While the overall rating is strong, the summary does not mention any specific challenges or limitations faced by the foundation. As a result, stakeholders can feel confident in the organization's commitment to serving its mission effectively and transparently.
This AI summary has been generated from information found on Charity Navigator.
Is Spastic Children's Endowment Foundation legitimate?
Spastic Children's Endowment Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spastic Children's Endowment 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.momentum4all.org
What is the mission statement of Spastic Children's Endowment Foundation?
The Spastic Children's Endowment Foundation functions as a fund-collecting and distributing entity for the United Cerebral Palsy/Spastic Children's Foundation in Los Angeles and Ventura Counties. Its primary goal is to raise and manage funds, which are later dispersed to support the Foundation's mission. This organization plays a crucial role in financing the efforts and initiatives of the United Cerebral Palsy/Spastic Children's Foundation in these two counties. By providing financial resources, the Spastic Children's Endowment Foundation empowers the Foundation to carry out its mission and make a positive impact on the lives of children with cerebral palsy and other related conditions.
Official website here: www.momentum4all.org
Who is the CEO of Spastic Children's Endowment Foundation?
Joseph Simoneschi is the Director of Spastic Children's Endowment Foundation. The CEO's salary of Spastic Children's Endowment Foundation is $0 and their total compensation is $640,598.
Official website here: www.momentum4all.org
What is the revenue of Spastic Children's Endowment Foundation?
Spastic Children's Endowment Foundation's revenue in 2022 was $16,154,923.
Official website here: www.momentum4all.org
Who are the executives of Spastic Children's Endowment Foundation and what are their salaries?
Here are 10 key members and their salaries (Spastic Children's Endowment Foundation's CEO's salary is $0 and their total compensation is $640,598):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $640,598
- Other: $0
Official website here: www.momentum4all.org
Where can I find the form 990 for Spastic Children's Endowment Foundation?
Spastic Children's Endowment Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.momentum4all.org
Learn more at the official website: www.momentum4all.org
Mission Statement of Spastic Children's Endowment Foundation
The Spastic Children's Endowment Foundation serves as a crucial conduit for raising and distributing funds to the United Cerebral Palsy/Spastic Children's Foundation based in Los Angeles and Ventura Counties. In simple terms, this endowment foundation is dedicated to financing and supporting the noble initiatives of the United Cerebral Palsy/Spastic Children's Foundation in these regions.
Through its mission, the Spastic Children's Endowment Foundation assumes the responsibility of managing funds and ensuring they reach the intended beneficiary. By doing so, it plays a pivotal role in making a tangible difference in the lives of those affected by cerebral palsy and spasticity within the Los Angeles and Ventura County communities. The foundation's commitment to its cause is unwavering, and its function as a financial facilitator is integral to the success of United Cerebral Palsy/Spastic Children's Foundation's endeavors.
In essence, the Spastic Children's Endowment Foundation acts as a vital link between donors and the organization it supports, channeling resources and enabling the United Cerebral Palsy/Spastic Children's Foundation to continue its essential work in providing necessary assistance and care to those affected by cerebral palsy and spasticity in Los Angeles and Ventura Counties.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Spastic Children's Endowment Foundation significantly impacts the lives of individuals affected by cerebral palsy and similar conditions in Los Angeles and Ventura Counties. By receiving and managing funds, it ensures the United Cerebral Palsy/Spastic Children's Foundation has the resources necessary to provide vital services and support to children and their families. This includes funding for therapy, educational programs, and various essential services that promote independence and enhance quality of life.
The Foundation's commitment to distributing these funds allows for tailored programs that meet the unique needs of children with disabilities, ensuring they receive appropriate care and support. The emphasis on local impact helps strengthen community ties and provides families with access to crucial resources, ultimately fostering a more inclusive environment for those with spasticity and related challenges.
This information is meant to be a general summary of Spastic Children's Endowment 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.
- Investment Income: $5,075,879
- Gross Receipts: $25,158,013
Assets and Liabilities:
- Total Assets: $87,182,799
- Total Liabilities: $45,273
- Net Assets: $87,137,526
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1973
Phone
(818) 782-2211Principal Officer
Joseph Simoneschi
Main Address
6430 INDEPENDENCE AVE, WOODLAND HILLS, CA, 91367
Website
www.momentum4all.orgNTEE Category
Code: P820 - Human services
If you are a representative of Spastic Children's Endowment Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.