Overview
What is Union Mutual Foundation?
The Union Mutual Foundation is a nonprofit organization situated in Tenafly, New Jersey. Its mission encompasses various charitable and societal objectives, such as culture, economics, education, medicine, science, health, and other beneficial activities. The foundation actively supports initiatives at both local and national levels, with a significant focus on health research. To empower and extend the lifespan of its retired audience, the Union Mutual Foundation produces and disseminates a monthly newsletter, filled with valuable and innovative medical information.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61% (Two-Star out of Four Stars)
The Union Mutual Foundation has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance. With an overall score of 61%, the organization demonstrates strengths in governance and financial oversight, highlighted by its 100% independent board members and the absence of any material diversion of assets. The foundation also has established policies on conflict of interest, whistleblowing, and document retention, which contribute positively to its accountability measures.
However, the foundation's Program Expense Ratio is notably low at 51.74%, earning it only 2 out of 25 points in this area. This suggests that a significant portion of its funds may not be directly allocated to program services, which can be a concern for potential donors looking for effective utilization of their contributions. While the foundation exhibits strong governance practices, the low program expense ratio raises questions about its impact and efficiency in fulfilling its mission.
Overall, while Union Mutual Foundation shows solid governance and financial controls, potential donors may want to consider the implications of its program expense ratio when evaluating its effectiveness in delivering services.
This AI summary has been generated from information found on Charity Navigator.
Is Union Mutual Foundation legitimate?
Union Mutual Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Union Mutual Foundation submitted a form 990EZ, 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
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What is the mission statement of Union Mutual Foundation?
The Union Mutual Foundation is dedicated to serving various purposes with a focus on charitable, cultural, economic, educational, medical, scientific, and health-related initiatives. It extends its support both locally and nationally, with a particular interest in health research. The foundation distributes a monthly newsletter to retired individuals, featuring current news and advanced medical information. This resource is intended to improve and extend the lifespan of its readers by providing them with up-to-date knowledge.
What is the revenue of Union Mutual Foundation?
Union Mutual Foundation's revenue in 2023 was $5,668.
Who are the executives of Union Mutual Foundation and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $500
- Related: $0
- Other: $0
- Compensation: $500
- Related: $0
- Other: $0
Where can I find the form 990EZ for Union Mutual Foundation?
Union Mutual Foundation's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of Union Mutual Foundation
Union Mutual Foundation, a nonprofit organization, is dedicated to serving various purposes and objectives, both locally and nationally. Its mission encompasses charitable, cultural, economic, educational, medical, scientific, and health-related causes. The foundation aims to improve lives through its initiatives, with a particular focus on health research. One of its unique contributions is the distribution of a monthly newsletter. This publication is filled with news briefs and cutting-edge medical information, designed to enrich the lives of its recipients, primarily retired individuals. By providing this knowledge, the Union Mutual Foundation hopes to contribute to the enhancement and extension of its readers' lives.
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Impact
August, 2024
Union Mutual Foundation's impact is significant in supporting charitable, cultural, economic, educational, medical, scientific, and health-related initiatives both locally and nationally. One of its key focuses is on health research, striving to advance medical knowledge and improve health outcomes. Through initiatives like distributing a monthly newsletter with current medical information to retired individuals, the Foundation aims to enhance and prolong the lives of its recipients. Based in Tenafly, NJ, Union Mutual Foundation plays a vital role in fostering positive change and well-being in various communities.
This information is meant to be a general summary of Union Mutual 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 2023.
- Investment Income: $612
- Gross Receipts: $21,739
Assets and Liabilities:
- Total Assets: $31,127
- Total Liabilities: $8,031
- Net Assets: $23,096
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Organization Details
Principal Officer
Stanley Gollins
NTEE Category
Code: Z99 - Unknown
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