Overview
What is Golden Age Foundation Inc?
Golden Age Foundation Inc is a nonprofit organization, whose primary mission is to extend support services to the elderly. Although the information provided is limited, we can infer that their activities are centered around providing aid to the elderly population. While specific details about their initiatives, programs, or reach are not available, it can be assumed that they strive to improve the quality of life for senior citizens in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70%, Two-Star out of Four Star rating
The Golden Age Foundation Inc has received a 70% rating from Charity Navigator, indicating a two-star evaluation. This rating reflects the organization's accountability and financial management practices. While the foundation excels in areas such as having an entirely independent board and a solid program expense ratio of 88.75%, which indicates a strong commitment to its mission, several governance policies and transparency measures are notably lacking.
In terms of strengths, Golden Age Foundation Inc has demonstrated effective governance with a fully independent board composed of ten members and has reported no material diversion of assets. The organization also maintains a favorable liabilities to assets ratio, which suggests a stable financial position. Its high program expense ratio indicates a significant investment in its core activities, which is a positive sign for donors and beneficiaries alike.
However, the foundation faces significant limitations regarding transparency and governance policies. The absence of a conflict of interest policy, whistleblower policy, and other critical governance documents, along with missing financial disclosures on its website, raises concerns about its operational transparency. These gaps contribute to the overall lower rating and suggest areas for improvement to foster greater trust and accountability among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Golden Age Foundation Inc legitimate?
Golden Age Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Golden Age 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Golden Age Foundation Inc?
The Golden Age Foundation Inc is committed to providing support services for the elderly. Their mission is to enhance the lives of senior citizens by offering necessary assistance. They strive to promote the well-being and independence of the elderly, providing them with the necessary care and resources. The foundation aims to improve the quality of life for elderly individuals, ensuring they receive the support they need to live comfortably and with dignity. Their activities encompass various services designed to meet the unique needs of the elderly population.
Who is the CEO of Golden Age Foundation Inc?
Anna Derby is the President of Golden Age Foundation Inc.
What is the revenue of Golden Age Foundation Inc?
Golden Age Foundation Inc's revenue in 2023 was $93,955.
Who are the executives of Golden Age Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Golden Age Foundation Inc?
Golden Age Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Golden Age Foundation Inc
Golden Age Foundation Inc is dedicated to providing support services for the elderly. Their mission is centered around this objective, aiming to enhance the lives of seniors in various ways. The foundation does not specify the nature of these services in the provided information, but it implies that they are committed to supporting the elderly population in some capacity. By providing these services, Golden Age Foundation Inc aims to contribute positively to the well-being and quality of life of elderly individuals. The organization's mission is to act as a source of assistance and support, ensuring that the elderly have the resources they need to navigate their later years with dignity and independence.
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Impact
October, 2024
Golden Age Foundation Inc significantly enhances the quality of life for the elderly in Seal Beach, CA, by providing essential support services tailored to their unique needs. Their mission focuses on improving the well-being of older adults, ensuring they have access to resources and assistance that promote independence and dignity. Through various programs and services, they address critical areas such as healthcare, social engagement, and daily living support, creating a more inclusive and supportive community for seniors. The foundation plays a vital role in empowering older adults, helping them navigate the challenges of aging while fostering meaningful connections and enhancing overall life satisfaction.
This information is meant to be a general summary of Golden Age 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: $13,503
- Program Service Revenue: $16,236
- Gross Receipts: $93,955
Assets and Liabilities:
- Total Assets: $736,545
- Total Liabilities: $0
- Net Assets: $736,545
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
50TH ANNIVERSARY CELEBRAT
Revenue
$16,236
Organization Details
Phone
(562) 301-5339Principal Officer
Anna Derby
Main Address
PO BOX 2369, SEAL BEACH, CA, 90740
NTEE Category
Code: P81 - Human services
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