Overview
What is The Center For Discovery Endowment Fund Inc?
The Center for Discovery Endowment Fund Inc, based in Harris, New York, is a nonprofit organization with a mission to support and assist the Center for Discovery, Inc. through financial aid. This fund aims to promote awareness of the programs and services offered by the Center for Discovery, Inc. Specifically, it seeks to provide financial support, advocate for the organization, and enter into contracts and agreements in connection with these efforts. The primary objective is to advance the cause of the Center for Discovery, Inc. and ultimately improve the lives of those they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 42% (Zero-Star out of Four Stars)
The Center For Discovery Endowment Fund Inc has received a low rating of 42% from Charity Navigator, reflecting significant concerns in its accountability and financial management. While the organization scores well in governance-related aspects, such as having an independent board and no material diversion of assets, these strengths are overshadowed by poor performance in key financial ratios.
The organization has been particularly criticized for its lack of program expenses, fundraising efficiency, and high liabilities compared to assets. These factors indicate a potential failure to effectively utilize funds for charitable purposes, which raises questions about the organization's overall impact and operational effectiveness.
Despite the solid governance structure, the absence of transparency regarding tax form disclosures and a lack of spending on programs suggest that improvements are essential for the organization to enhance its financial health and accountability. Without addressing these issues, it may struggle to gain the trust and support of donors in the future.
This AI summary has been generated from information found on Charity Navigator.
Is The Center For Discovery Endowment Fund Inc legitimate?
The Center For Discovery Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Center For Discovery Endowment 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
For more financial information, click here
What is the mission statement of The Center For Discovery Endowment Fund Inc?
The Center For Discovery Endowment Fund Inc, established to aid the Center for Discovery, Inc., primarily aims to offer financial support and assistance. Additionally, the fund works towards promoting knowledge and awareness about the programs and services provided by the Center for Discovery, Inc. Furthermore, it engages in contracts and agreements, and carries out activities that further the advancement of its goals.
Who is the CEO of The Center For Discovery Endowment Fund Inc?
Claude D'Alessandro is the Chair of The Center For Discovery Endowment Fund Inc.
What is the revenue of The Center For Discovery Endowment Fund Inc?
The Center For Discovery Endowment Fund Inc's revenue in 2022 was $2,501,919.
Who are the executives of The Center For Discovery Endowment Fund Inc and what are their salaries?
There 5 volunteers at The Center For Discovery Endowment Fund Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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Where can I find the form 990 for The Center For Discovery Endowment Fund Inc?
The Center For Discovery Endowment Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Center For Discovery Endowment Fund Inc
The Center for Discovery Endowment Fund Inc, a charitable organization, was established with a specific purpose. Primarily, it aims to offer financial support and assistance to The Center for Discovery Inc, a New York-based non-profit corporation. This aid is intended to boost the operations and programs of The Center for Discovery Inc.
In addition to providing financial aid, the Endowment Fund also works towards increasing public awareness about the programs and services offered by The Center for Discovery Inc. This is achieved through various means, including entering into contracts and agreements that further the organization's goals.
Furthermore, the Endowment Fund's mission extends to promoting knowledge and understanding of the work done by The Center for Discovery Inc. This is an essential aspect of their mission, as it helps to garner support for the cause and ensure the continuity of the valuable services provided by The Center for Discovery Inc. Overall, the Endowment Fund plays a crucial role in supporting and raising awareness for The Center for Discovery Inc, contributing to its mission of providing care and support for individuals with developmental disabilities.
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Impact
June, 2024
The Center For Discovery Endowment Fund Inc's impact is centered around providing support and financial aid to The Center for Discovery, Inc. in Harris, NY. Additionally, the organization works to promote knowledge and awareness of the programs and services offered by The Center for Discovery, which focuses on mental health services. This dual mission allows the endowment fund to make a significant impact within the community by ensuring continued support for those in need of mental health assistance.
This information is meant to be a general summary of The Center For Discovery Endowment 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.
- Investment Income: $493,084
- Gross Receipts: $10,052,615
Assets and Liabilities:
- Total Assets: $41,924,399
- Total Liabilities: $12,460,036
- Net Assets: $29,464,363
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Organization Details
Founding Year
2007
Phone
(845) 794-1400Principal Officer
Claude D'Alessandro
Main Address
PO BOX 840 BENMOSCHE ROAD, HARRIS, NY, 12742
NTEE Category
Code: F11 - Mental health
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