Overview
What is Teterboro Airport Community Benefit Fund Inc?
Teterboro Airport Community Benefit Fund Inc is a nonprofit organization based in South Hackensack, New Jersey. Located at PO Box 5066, their primary mission is to aid residents of various New Jersey communities in their pursuit of higher education and personal development. They achieve this through a post-secondary scholarship grant program in collaboration with local high schools, where they select and grant scholarships to deserving students. This initiative aims to foster educational growth and empowerment within the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
The Teterboro Airport Community Benefit Fund Inc has achieved a strong rating of 90%, reflecting robust accountability and financial practices. This score is solely based on their Accountability & Finance metrics, indicating a solid foundation in managing resources effectively. The organization boasts an entirely independent board, which enhances its governance and overall integrity.
Key strengths include a perfect score for having a majority of independent board members and no material diversion of assets, suggesting a high level of commitment to ethical standards. Furthermore, the organization maintains comprehensive policies for conflict of interest, whistleblower protection, and document retention, which are crucial for transparent operations.
However, while the fund allocates a significant portion of its expenses towards programs, with a program expense ratio of 66.59%, there may be room for improvement in maximizing the impact of every dollar spent. Overall, the charity demonstrates a commendable focus on accountability and financial health, ensuring trust and reliability for its stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Teterboro Airport Community Benefit Fund Inc legitimate?
Teterboro Airport Community Benefit Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Teterboro Airport Community Benefit Fund 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Teterboro Airport Community Benefit Fund Inc?
Teterboro Airport Community Benefit Fund Inc's mission is centered around helping residents from various New Jersey communities. Their primary objective is to aid these individuals in their pursuit of higher education and personal development. To accomplish this, the organization runs a post-secondary scholarship grant program in collaboration with local high schools, where they identify and support deserving students. By providing this financial assistance, Teterboro Airport Community Benefit Fund Inc aims to open up opportunities and foster growth in these communities.
Who is the CEO of Teterboro Airport Community Benefit Fund Inc?
John Panarello is the President of Teterboro Airport Community Benefit Fund Inc.
What is the revenue of Teterboro Airport Community Benefit Fund Inc?
Teterboro Airport Community Benefit Fund Inc's revenue in 2022 was $25,587.
Who are the executives of Teterboro Airport Community Benefit Fund Inc and what are their salaries?
There 2 volunteers at Teterboro Airport Community Benefit Fund Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Teterboro Airport Community Benefit Fund Inc?
Teterboro Airport Community Benefit Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Teterboro Airport Community Benefit Fund Inc
Teterboro Airport Community Benefit Fund Inc is committed to helping residents of various New Jersey communities attain their goals in higher education and personal development. Their mission, in simple terms, is to provide assistance to local high school students in pursuing post-secondary education. This assistance is facilitated through a scholarship grant program, which is carried out in collaboration with the local high schools. These schools are responsible for selecting the scholarship recipients based on their merits and potential. This initiative by Teterboro Airport Community Benefit Fund Inc aims to support the growth and development of individuals in their communities, thereby contributing to a more educated and empowered society.
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Impact
August, 2024
Teterboro Airport Community Benefit Fund Inc's impact can be seen in its efforts to assist residents of various New Jersey communities in achieving their goals in higher education and human growth development. Through its post-secondary scholarship grant program for local high school students, the organization works in conjunction with local high schools to select scholarship recipients. By providing financial support and resources to these students, Teterboro Airport Community Benefit Fund Inc is making a direct and positive impact on the future of these individuals and their communities.
This information is meant to be a general summary of Teterboro Airport Community Benefit Fund 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.
- Gross Receipts: $31,719
Assets and Liabilities:
- Total Assets: $38,320
- Total Liabilities: $0
- Net Assets: $38,320
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Organization Details
Founding Year
2007
Phone
(201) 288-6073Principal Officer
John Panarello
Main Address
PO Box 5064, South Hackensack, NJ, 07606
NTEE Category
Code: W99 - Public benefit
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