Overview
What is Naugatuck Exchange Foundation Inc?
The Naugatuck Exchange Foundation Inc, based in Naugatuck, Connecticut, is a dedicated nonprofit organization with a mission to combat child abuse. They aim to increase public awareness about this issue and distribute funds to support local students and non-profit organizations focused on child abuse prevention and education. The foundation's activities include fundraising to break the cycle of child abuse, distributing funds to eligible 501(c)(3) charitable organizations, and offering scholarships based on need and merit. Additionally, they assist local organizations in educating and remediating child abuse situations, contributing to a broader goal of addressing and mitigating its impact within their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
The Naugatuck Exchange Foundation Inc has received a 73% rating from Charity Navigator, indicating a moderate level of financial health and accountability. The charity has demonstrated strengths in several areas, including having a fully independent board and a favorable liabilities to assets ratio of 0.00%, which reflects a stable financial position. Additionally, the organization has an impressive program expense ratio of 82.66%, suggesting that a significant portion of its resources is directed toward its mission-driven activities.
However, the organization has notable limitations concerning its governance and transparency. It lacks essential policies such as a conflict of interest policy, whistleblower policy, and documents related to retention and destruction, which are critical for maintaining ethical standards and accountability. Furthermore, the nonprofit's tax forms are not available on its website, which could raise concerns regarding transparency in financial reporting.
Overall, while the Naugatuck Exchange Foundation Inc shows promise with its financial stability and independent governance, the absence of key policies and missing documentation could hinder its perceived accountability and trustworthiness among stakeholders. Addressing these shortcomings could enhance the organization’s overall rating and public confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Naugatuck Exchange Foundation Inc legitimate?
Naugatuck Exchange Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Naugatuck Exchange 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
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What is the mission statement of Naugatuck Exchange Foundation Inc?
The Naugatuck Exchange Foundation Inc's mission is centered around raising public awareness about child abuse and raising funds to address this issue. Their aim is to break the cycle of child abuse by disseminating funds to local 501(c)(3) non-profit organizations dedicated to aiding those affected. The foundation also assists local organizations in educating and remediating child abuse when it occurs. In addition, they distribute scholarships in a non-discriminatory manner based on need and merit, rather than to preselected individuals. The scholarships are intended to support an open-ended group of individuals.
Who is the CEO of Naugatuck Exchange Foundation Inc?
Daniel Freddino is the President/Di of Naugatuck Exchange Foundation Inc.
What is the revenue of Naugatuck Exchange Foundation Inc?
Naugatuck Exchange Foundation Inc's revenue in 2023 was $9,045.
Who are the executives of Naugatuck Exchange Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Naugatuck Exchange Foundation Inc?
Naugatuck Exchange Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Naugatuck Exchange Foundation Inc
The Naugatuck Exchange Foundation Inc is committed to raising public awareness about child abuse and working towards breaking the cycle of this harmful phenomenon. One of their primary objectives is to raise funds to combat child abuse, and they accomplish this by distributing funds to local 501(c)(3) non-profit charitable organizations that are dedicated to aiding individuals affected by child abuse. These organizations serve as valuable resources in educating and remediating instances of child abuse when they occur.
In addition to supporting existing organizations, Naugatuck Exchange Foundation Inc also aids and assists local organizations in their efforts to educate and remedy child abuse situations. This proactive approach helps to address the issue at its source, ultimately aiming to prevent further instances of child abuse. Furthermore, the foundation demonstrates its commitment to those affected by child abuse by offering scholarships to individuals in need or based on merit, ensuring that the assistance extends beyond the immediate aftermath of the abuse. By providing scholarships to an open-ended group, the foundation ensures that aid is accessible to a wide range of individuals, rather than being limited to preselected individuals.
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Impact
August, 2024
Naugatuck Exchange Foundation Inc's impact is focused on raising public awareness of child abuse, raising funds to break the cycle of child abuse, and distributing these funds to local nonprofit organizations dedicated to aiding those affected by child abuse. Additionally, they provide scholarships to local students and support organizations in educating and remedying instances of child abuse. Their mission aims to address and prevent the effects of child abuse in a non-discriminatory manner based on need and merit.
This information is meant to be a general summary of Naugatuck Exchange 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.
- Investment Income: $81
- Gross Receipts: $20,759
Assets and Liabilities:
- Total Assets: $134,834
- Total Liabilities: $0
- Net Assets: $134,834
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Organization Details
Founding Year
2011
Phone
(203) 729-5291Principal Officer
Daniel Freddino
Main Address
PO BOX 641, NAUGATUCK, CT, 06770
NTEE Category
Code: I72 - Crime
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