Overview
What is Jabez Foundation Inc?
The Jabez Foundation Inc, situated in Ambridge, Pennsylvania (15003), is a nonprofit organization dedicated to supporting the community's health, welfare, and spiritual needs. Its primary mission involves managing and holding real estate and other related assets for the benefit of Church of the Savior and select individuals who contribute to the betterment of the community. The foundation's goal is to leverage these assets to make a positive impact on the community's well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, Score: 70%)
The Jabez Foundation Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its operational practices. While the organization boasts a perfect score in terms of independent board members and has a commendable program expense ratio of 100%, it has several significant gaps in its accountability and transparency measures.
One of the strengths of the Jabez Foundation is its financial health, evidenced by a liabilities to assets ratio of 0.00%, which highlights its solid financial standing. Additionally, the foundation has demonstrated that it allocates all of its expenses towards its programs, signaling a strong commitment to its mission. However, the lack of basic governance policies, such as a conflict of interest policy and a whistleblower policy, is concerning and indicates areas where the foundation can enhance its operational integrity.
Moreover, the absence of documentation like board meeting minutes and the failure to list its website on tax forms further detracts from the organization's rating. These missing elements suggest that while the foundation is financially stable, improvements in governance and transparency are necessary for it to achieve a higher rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Jabez Foundation Inc legitimate?
Jabez Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jabez 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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What is the mission statement of Jabez Foundation Inc?
The Jabez Foundation Inc's mission is centered around managing real estate and other assets, primarily for the benefit of the Church of the Savior. However, the foundation also extends its support to individuals selected by its board, who are committed to serving the health, welfare, and spiritual needs of their community. This organization's actions aim to positively impact the lives of those in need, contributing to the overall well-being of their community.
Who is the CEO of Jabez Foundation Inc?
Allison Kennedy is the Board Member of Jabez Foundation Inc.
What is the revenue of Jabez Foundation Inc?
Jabez Foundation Inc's revenue in 2022 was $76,000.
Who are the executives of Jabez Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Jabez Foundation Inc?
Jabez Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Jabez Foundation Inc
Jabez Foundation Inc is an organization dedicated to managing real estate and other assets for the benefit of Church of the Savior and individuals selected by its board. These individuals are chosen based on their contributions to addressing the health, welfare, and spiritual needs of their community. The mission of Jabez Foundation Inc is to leverage its resources to support the Church of the Savior and those who serve the community in various capacities, aiming to enhance the well-being of the community as a whole. By holding and managing these assets, Jabez Foundation Inc provides a platform for these selected individuals and the Church of the Savior to make a positive impact on the community's health, welfare, and spiritual needs.
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Impact
August, 2024
The impact of Jabez Foundation Inc is focused on holding and managing real estate and other assets for the benefit of Church of the Savior and individuals selected by the board who serve the health, welfare, and spiritual needs of the community in Ambridge, PA. This work directly supports the mission of the organization to provide resources that contribute to the betterment of the community in alignment with spiritual values.
This information is meant to be a general summary of Jabez 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.
- Program Service Revenue: $36,234
- Gross Receipts: $76,000
Assets and Liabilities:
- Total Assets: $618,225
- Total Liabilities: $46,573
- Net Assets: $571,652
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$36,234
Organization Details
Founding Year
2001
Phone
(724) 266-4412Principal Officer
Allison Kennedy
Main Address
420 MAPLEWOOD AVE, AMBRIDGE, PA, 15003
NTEE Category
Code: X99 - Religion related
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