Overview
What is Molly Bears?
Molly Bears is a compassionate nonprofit organization based in Virginia Beach, Virginia. With just two dedicated employees, their mission is to provide comfort to families who have endured the heartbreaking loss of an infant, whether through miscarriage, stillbirth, or infant death. They accomplish this by offering a teddy bear that mirrors the weight of the child lost, aiming to provide a tangible symbol of love and support during this difficult time. The organization's focus is on alleviating the pain and grief experienced by these families, offering them solace in their loss.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 50%, One-Star out of Four Stars
Molly Bears has received a One-Star rating from Charity Navigator, reflecting significant concerns regarding its accountability and financial transparency. The overall score is based solely on the Accountability & Finance beacon, where the charity scored 50%. This rating indicates that there are several areas where the organization falls short, particularly in governance practices.
Key strengths of the organization include a high program expense ratio of 98.73%, which suggests that it dedicates almost all of its resources to its programmatic activities. Additionally, there are no recorded material diversions of assets, which is a positive indicator of financial integrity. However, the lack of independent board members and missing governance policies detracts from its overall rating.
Critically, the organization has several shortcomings, including the absence of a conflict of interest policy, a whistleblower policy, and documentation of board meeting minutes. Furthermore, the charity's website is not listed on its tax form, and it does not post its tax documents online, which raises questions about transparency. Overall, while Molly Bears is committed to its mission, it has significant opportunities for improvement in governance and financial accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Molly Bears legitimate?
Molly Bears is a legitimate nonprofit organization registered as a 501(c)(3) entity. Molly Bears 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: $67,340
Professional Fundraising Fees: $0
Other Salaries and Wages: $29,800
For more financial information, click here
What is the mission statement of Molly Bears?
Molly Bears, an organization, is dedicated to offering comfort to families who have experienced any form of infant loss. This encompasses miscarriages, stillbirths, and the death of an infant. Their mission is to provide a teddy bear to these families, the weight of which mirrors that of their lost child. This small gesture aims to offer solace and a tangible symbol of remembrance during a difficult time. The organization's goal is to alleviate some of the pain and help families in their grieving process.
Who is the CEO of Molly Bears?
Christopher Crews is the President of Molly Bears.
What is the revenue of Molly Bears?
Molly Bears's revenue in 2022 was $204,718.
Who are the executives of Molly Bears and what are their salaries?
The average compensation at Molly Bears during 2022 was $48,570. There are 2 employees at Molly Bears.
Here are 5 key members and their salaries:
- Compensation: $30,970
- Related: $0
- Other: $0
- Compensation: $30,970
- Related: $0
- Other: $0
- Compensation: $5,400
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Molly Bears?
Molly Bears's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Molly Bears
Molly Bears, a nonprofit organization, is dedicated to offering comfort to families who have suffered any form of infant loss. This encompasses experiences ranging from miscarriage to stillbirth and the death of an infant. The organization's mission is to provide a teddy bear that mirrors the weight of the lost child to any family who has endured such a loss. This gesture serves as a tangible symbol of love and support during a challenging time, helping families to cope with their grief in a unique and meaningful way. By offering this comfort, Molly Bears aims to provide a sense of solace and understanding to families who have experienced the profound pain of infant loss.
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Impact
October, 2024
Molly Bears has a profound impact on families who have experienced the devastating loss of an infant. By providing handcrafted teddy bears that match the weight of the lost child, the organization offers a tangible source of comfort and connection for grieving parents. This simple yet meaningful gesture helps families navigate their sorrow, creating a sense of presence and remembrance. Each teddy bear serves not only as a physical reminder of the child they have lost but also as a tool for emotional healing, allowing families to process their grief in a unique and personalized way. The impact of Molly Bears extends beyond the initial gesture, fostering a community of support and understanding among those who have faced similar tragedies. This initiative acknowledges the pain of loss while helping families to remember their little ones with love and compassion.
This information is meant to be a general summary of Molly Bears. 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.
- Gross Receipts: $204,718
Assets and Liabilities:
- Total Assets: $35,652
- Total Liabilities: $0
- Net Assets: $35,652
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Organization Details
Founding Year
2010
Phone
(757) 609-5132Principal Officer
Christopher Crews
Main Address
868 Hopwood Lane, Virginia Beach, VA, 23455
NTEE Category
Code: P20 - Human services
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