Overview
What is Pete Devito Memorial Foundation Inc?
The Pete Devito Memorial Foundation Inc, located in Mount Sinai, New York, is a nonprofit organization with a mission to financially aid research in finding the causes and potential cures for Idiopathic Pulmonary Fibrosis (IPF). The foundation's primary objective is to donate funds towards this cause, aiming to contribute to the broader medical community's efforts in addressing this condition. The foundation operates within the constraints of its mission, offering financial support to advance the understanding and treatment of IPF.
Official website here: www.petedevitofoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 26%, Zero-Star out of Four Star rating.
The Pete Devito Memorial Foundation Inc has received a low score of 26%, indicating significant concerns regarding its accountability and financial practices. The rating is primarily derived from its lack of essential policies, such as a conflict of interest policy, whistleblower policy, and document retention policy, which are critical for ensuring transparency and good governance in nonprofit organizations.
On a positive note, the foundation has a fully independent board, which is a strong point, along with the absence of material diversion of assets. However, the foundation's independent board size is very small, with only two members, which raises concerns about oversight. Additionally, the organization has not demonstrated effective financial management, with a program expense ratio of 0.00%, indicating that no funds have been allocated to its programs, which severely limits its effectiveness.
Overall, while the Pete Devito Memorial Foundation Inc shows some strengths in governance, the significant gaps in policies, financial practices, and program spending highlight serious issues that potential supporters and beneficiaries should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Pete Devito Memorial Foundation Inc legitimate?
Pete Devito Memorial Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pete Devito Memorial Foundation 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
Official website here: www.petedevitofoundation.org
What is the mission statement of Pete Devito Memorial Foundation Inc?
The Pete Devito Memorial Foundation Inc is committed to providing financial assistance in the quest to uncover the causes and discover a cure for Idiopathic Pulmonary Fibrosis (IPF). The organization's primary objective is to raise funds, which are then donated to the Pulmonary Fibrosis Foundation. By doing so, the foundation aims to contribute to ongoing research and efforts to combat this disease. While not directly involved in the research or medical treatment process, the foundation plays a crucial role in supporting these initiatives financially.
Official website here: www.petedevitofoundation.org
What is the revenue of Pete Devito Memorial Foundation Inc?
Pete Devito Memorial Foundation Inc's revenue in 2023 was $20,345.
Official website here: www.petedevitofoundation.org
Who are the executives of Pete Devito Memorial Foundation Inc and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.petedevitofoundation.org
Where can I find the form 990 for Pete Devito Memorial Foundation Inc?
Pete Devito Memorial Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.petedevitofoundation.org
Learn more at the official website: www.petedevitofoundation.org
Mission Statement of Pete Devito Memorial Foundation Inc
The Pete Devito Memorial Foundation Inc is committed to providing financial assistance in the quest to uncover the causes and find a cure for Idiopathic Pulmonary Fibrosis (IPF). In pursuit of this mission, the organization raises funds to donate to the Pulmonary Fibrosis Foundation. By offering financial support, the foundation aims to contribute to ongoing research and advancements in the field, ultimately working towards finding a solution for those affected by IPF.
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Impact
August, 2024
The Pete Devito Memorial Foundation Inc's impact is focused on providing financial support in the search for the causes and cure of Idiopathic Pulmonary Fibrosis (IPF). Through its fundraising efforts, the organization raises money to donate to the Pulmonary Fibrosis Foundation. By supporting research and raising awareness for this debilitating disease, the foundation plays a crucial role in advancing the understanding and treatment of IPF.
This information is meant to be a general summary of Pete Devito Memorial Foundation 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 2023.
- Gross Receipts: $20,345
Assets and Liabilities:
- Total Assets: $12,991
- Total Liabilities: $0
- Net Assets: $12,991
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Organization Details
Founding Year
2011
Principal Officer
Nicholas Devito
Website
www.petedevitofoundation.orgNTEE Category
Code: T20 - Philanthropy
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