Overview
What is Frankies World Foundation?
Frankies World Foundation is a nonprofit organization situated in Philadelphia, Pennsylvania. Its primary focus is on providing child daycare services for vulnerable children who are critically dependent on medical life-sustaining machinery and equipment. The organization's mission is to ensure the well-being of these children, offering them a safe and nurturing environment while their parents or guardians attend to their medical needs. The foundation's activities and mission are centered around caring for these children, providing them with the necessary support to thrive.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement) - Overall score: 69%
Frankies World Foundation has been rated as needing improvement with a score of 69%. The organization demonstrates strengths in its governance structure, with a high percentage of independent board members and a solid record of no material diversion of assets. They also maintain a strong program expense ratio, indicating that a significant portion of their financial resources is directed towards their programs.
However, there are notable weaknesses in their accountability and financial practices. The foundation lacks several key policies, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. These omissions have negatively affected their overall accountability score, contributing to their two-star rating.
While the foundation's financial health appears stable, with low liabilities relative to assets, the absence of proper governance policies raises concerns about transparency and ethical practices. Addressing these issues could enhance their rating and overall effectiveness in fulfilling their mission.
This AI summary has been generated from information found on Charity Navigator.
Is Frankies World Foundation legitimate?
Frankies World Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frankies World Foundation 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: $801,230
For more financial information, click here
What is the mission statement of Frankies World Foundation?
Frankies World Foundation's mission is centered around providing daycare services for critically vulnerable children who are dependent on medical life-sustaining machinery and equipment. The foundation's objective is to ensure these children receive proper care and attention while their parents or guardians attend to their own medical needs or other essential commitments. By offering this service, Frankies World Foundation contributes to the overall well-being of these children, providing them with a nurturing environment that supports their development and growth. The foundation's activities aim to alleviate the stress and concerns associated with childcare for families going through critical medical situations.
Who is the CEO of Frankies World Foundation?
Connie Lockwood is the President & Ceo of Frankies World Foundation. The CEO's salary of Frankies World Foundation is $0 and their total compensation is $0.
What is the revenue of Frankies World Foundation?
Frankies World Foundation's revenue in 2022 was $1,431,828.
Who are the executives of Frankies World Foundation and what are their salaries?
Here are 14 key members and their salaries (Frankies World Foundation's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Frankies World Foundation?
Frankies World Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Frankies World Foundation
Frankie's World Foundation is dedicated to providing child daycare for critically vulnerable children who are dependent on medical life-sustaining machinery and equipment. The mission of this nonprofit organization is to create a safe and nurturing environment for these children, ensuring they receive the care they need while their parents or guardians attend to their medical needs. The foundation recognizes the unique challenges these children face and aims to alleviate some of the stress by providing high-quality daycare services.
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Impact
October, 2024
Frankies World Foundation profoundly impacts the lives of critically vulnerable children in Philadelphia by providing essential daycare services tailored for those dependent on medical life-support machinery and equipment. This organization plays a crucial role in ensuring that these children receive the specialized care and attention they require in a safe environment. By alleviating the burden on families and caregivers, Frankies World Foundation fosters a supportive community, allowing parents to maintain their responsibilities while knowing their children are in capable hands. The foundation’s unwavering commitment to these children not only meets their daily needs but enhances their quality of life, laying a foundation for their health and well-being.
This information is meant to be a general summary of Frankies World 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 2022.
- Investment Income: $7
- Program Service Revenue: $1,289,809
- Gross Receipts: $1,431,828
Assets and Liabilities:
- Total Assets: $191,092
- Total Liabilities: $29,500
- Net Assets: $161,592
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
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Revenue
$1,289,809
Organization Details
Phone
(215) 763-0151Principal Officer
Connie Lockwood
Main Address
1011 POPLAR ST, PHILADELPHIA, PA, 19123
NTEE Category
Code: P70 - Human services
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