Overview
What is Chad A Jacobs Memorial Foundation?
The Chad A. Jacobs Memorial Foundation is a nonprofit organization situated in Westport, Connecticut, specifically at 6 Sleigh Ridge. Their primary mission is to provide financial aid in the form of academic and athletic scholarships to children in need, who reside within their local community. The foundation's goal is to support the educational and athletic pursuits of these young individuals, helping them to overcome financial barriers and achieve their potential.
Official website here: www.cajfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Stars
The Chad A Jacobs Memorial Foundation has received a three-star rating from Charity Navigator, reflecting an overall score of 76%. This rating is primarily based on the charity's accountability and financial health, which is particularly strong. Notably, the foundation has a 100% independent board, indicating robust governance, and it has effectively managed its assets with a liability-to-assets ratio of 0.00%, showcasing financial stability.
Strengths of the organization include high scores in program expense ratio, with 97.13% of its expenditures going directly to programs. This suggests that most of its funding is utilized effectively towards its mission. Additionally, the foundation has a clear structure, with all board members being independent and meeting guidelines for board meeting documentation.
However, there are some areas needing improvement. The foundation lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all of which received a score of zero. Addressing these gaps could enhance the organization's accountability and transparency. Overall, while the Chad A Jacobs Memorial Foundation demonstrates strong financial health and governance, there are significant opportunities for enhancing its operational policies.
This AI summary has been generated from information found on Charity Navigator.
Is Chad A Jacobs Memorial Foundation legitimate?
Chad A Jacobs Memorial Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chad A Jacobs Memorial 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.
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Official website here: www.cajfoundation.org
What is the mission statement of Chad A Jacobs Memorial Foundation?
The Chad A. Jacobs Memorial Foundation's mission is centered around providing financial aid in the form of academic and athletic scholarships to children residing in the local community who are facing financial hardships. The organization's primary objective is to support these deserving students, enabling them to pursue their educational and athletic aspirations despite their financial constraints.
Official website here: www.cajfoundation.org
Who is the CEO of Chad A Jacobs Memorial Foundation?
Karen Jacobs is the Chair of Chad A Jacobs Memorial Foundation.
Official website here: www.cajfoundation.org
What is the revenue of Chad A Jacobs Memorial Foundation?
Chad A Jacobs Memorial Foundation's revenue in 2022 was $38,171.
Official website here: www.cajfoundation.org
Who are the executives of Chad A Jacobs Memorial Foundation and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.cajfoundation.org
Where can I find the form 990 for Chad A Jacobs Memorial Foundation?
Chad A Jacobs Memorial Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cajfoundation.org
Learn more at the official website: www.cajfoundation.org
Mission Statement of Chad A Jacobs Memorial Foundation
The Chad A. Jacobs Memorial Foundation is committed to its mission of providing academic and athletic scholarships to children in financial need residing within the surrounding community. This nonprofit organization strives to support these young individuals, enabling them to pursue their educational and athletic aspirations, regardless of their financial circumstances. The foundation's mission is a testament to its dedication to fostering opportunities for growth and development in the lives of deserving children, thereby contributing to a stronger and more promising future for the community at large.
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Impact
August, 2024
The Chad A Jacobs Memorial Foundation has a significant impact on the surrounding community by providing academic and athletic scholarships to children with financial need. Through their philanthropic efforts, deserving students are given the opportunity to pursue their educational and athletic goals, making a meaningful difference in their lives and helping to shape a brighter future for them.
This information is meant to be a general summary of Chad A Jacobs Memorial 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: $17,700
- Gross Receipts: $49,799
Assets and Liabilities:
- Total Assets: $420,900
- Total Liabilities: $0
- Net Assets: $420,900
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Organization Details
Founding Year
2010
Phone
(203) 247-2133Principal Officer
Karen Jacobs
Main Address
6 SLEIGH RIDGE, WESTPORT, CT, 06880
Website
www.cajfoundation.orgNTEE Category
Code: T30 - Philanthropy
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