Overview
What is The Sol And Mildred Lederman Foundation?
The Sol And Mildred Lederman Foundation is a philanthropic organization situated in New York, specifically at 130 E 59th St, New York, NY 100221302. Its primary function involves granting funds to charitable organizations, including UJA-Federation of New York, to align with their noble objectives. The foundation's mission is to support the mission of United Jewish Appeal-Federation of Jewish Philanthropies of New York, Inc., thereby contributing to their charitable endeavors.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Sol And Mildred Lederman Foundation has achieved an impressive score of 94% on Charity Navigator, reflecting its strong performance in accountability and finance. This rating signifies that the organization is effectively managing its funds and maintaining a high level of transparency, which is crucial for donor confidence. Key metrics include a perfect score for board independence and the absence of material diversion of assets.
The foundation demonstrates a robust governance structure with 10 out of 10 points for majority independent board members, ensuring that decisions are made in the best interest of the organization. It also adheres to essential policies, including conflict of interest and whistleblower protections, which are vital for ethical operations. Furthermore, the foundation allocates a significant portion of its expenses to its programs, achieving a program expense ratio of 91.80%, indicating a commitment to its mission.
Overall, while the foundation's scores are commendable, continuous monitoring of governance practices and financial health remains important. Engaging with stakeholders and maintaining transparency will further enhance its credibility and effectiveness in serving its goals.
This AI summary has been generated from information found on Charity Navigator.
Is The Sol And Mildred Lederman Foundation legitimate?
The Sol And Mildred Lederman Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Sol And Mildred Lederman 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: $0
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What is the mission statement of The Sol And Mildred Lederman Foundation?
The Sol and Mildred Lederman Foundation supports the mission of United Jewish Appeal-Federation of Jewish Philanthropies of New York, Inc. (UJA-Federation of New York). In alignment with UJA-Federation of New York's charitable objectives, the foundation provides grants to various tax-exempt organizations. This support aims to advance the causes and initiatives that UJA-Federation of New York is committed to, contributing to their collective efforts in furthering their charitable goals.
Who is the CEO of The Sol And Mildred Lederman Foundation?
Stanley Baumblatt is the President/Trustee of The Sol And Mildred Lederman Foundation.
What is the revenue of The Sol And Mildred Lederman Foundation?
The Sol And Mildred Lederman Foundation's revenue in 2022 was $85,906.
Who are the executives of The Sol And Mildred Lederman Foundation and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $176,967
- Other: $27,348
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $149,486
- Other: $55,302
Where can I find the form 990 for The Sol And Mildred Lederman Foundation?
The Sol And Mildred Lederman Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Sol And Mildred Lederman Foundation
The Sol and Mildred Lederman Foundation is an entity that plays a crucial role in supporting the mission of United Jewish Appeal-Federation of Jewish Philanthropies of New York, Inc. (UJA-Federation of New York). In essence, the foundation aims to contribute financially to UJA-Federation of New York, as well as other tax-exempt organizations, all with the intention of advancing UJA-Federation of New York's charitable goals. The Sol and Mildred Lederman Foundation serves as a vital partner in furthering the objectives of UJA-Federation of New York, ensuring that its charitable purposes are effectively carried out.
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Impact
October, 2024
The Sol and Mildred Lederman Foundation significantly contributes to the charitable efforts of the United Jewish Appeal-Federation of Jewish Philanthropies of New York, Inc. Through targeted grants, the foundation supports various initiatives aimed at strengthening Jewish communities and addressing critical social needs. By aligning with UJA-Federation of New York's mission, it plays a vital role in funding programs that promote welfare, education, and community development, which ultimately enhance the quality of life for many individuals and families. The foundation’s commitment to philanthropy fosters a culture of giving and solidarity, ensuring that resources are directed towards impactful causes within the Jewish community and beyond.
This information is meant to be a general summary of The Sol And Mildred Lederman 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: $85,906
- Gross Receipts: $85,906
Assets and Liabilities:
- Total Assets: $1,360,368
- Total Liabilities: $20,000
- Net Assets: $1,340,368
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Organization Details
Founding Year
2010
Phone
(212) 836-1305Principal Officer
Stanley Baumblatt
Main Address
UJA-FED OF NY130 E 59TH ST, NEW YORK, NY, 100221302
NTEE Category
Code: T22 - Philanthropy
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