Overview
What is Kraemer Endowment Foundation Inc?
The Kraemer Endowment Foundation is a charitable organization that focuses on fundraising efforts. Its primary objective is to generate funds that subsequently benefit St. Madeleine Sophie's Center. This center provides crucial educational and vocational programs for adults who have developmental disabilities. By raising funds, the Kraemer Endowment Foundation plays a vital role in empowering and enabling these individuals to lead more independent and fulfilling lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
The Kraemer Endowment Foundation Inc has received a solid rating of 80%, reflecting its strong performance in accountability and finance. This rating is significant as it showcases the foundation's commitment to responsible financial management and operational transparency, which are critical factors for donor trust and engagement.
The organization boasts a fully independent board, which adds to its credibility and governance strength. With a program expense ratio of 93.12%, the foundation allocates a significant majority of its resources directly to its programs, indicating an effective use of funds. Additionally, the absence of liabilities and material diversions of assets further highlights the foundation's financial stability and integrity.
Despite the positive aspects, the rating is based solely on accountability and finance, which may limit insight into other operational areas such as program effectiveness and community impact. While the financial indicators are excellent, a more comprehensive evaluation that includes additional metrics could provide a fuller picture of the foundation's overall performance and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Kraemer Endowment Foundation Inc legitimate?
Kraemer Endowment Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kraemer Endowment 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.
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Professional Fundraising Fees: $0
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What is the mission statement of Kraemer Endowment Foundation Inc?
The Kraemer Endowment Foundation's mission revolves around raising funds to aid St. Madeleine Sophie's Center. This support is primarily focused on enhancing educational and vocational programs designed for adults with developmental disabilities. By doing so, the foundation aims to contribute positively to their overall development and empowerment.
Who is the CEO of Kraemer Endowment Foundation Inc?
Unavailable
What is the revenue of Kraemer Endowment Foundation Inc?
Kraemer Endowment Foundation Inc's revenue in 2022 was $2,183,542.
Who are the executives of Kraemer Endowment Foundation Inc and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Kraemer Endowment Foundation Inc?
Kraemer Endowment Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kraemer Endowment Foundation Inc
The Kraemer Endowment Foundation is an organization dedicated to raising funds with a specific purpose. Their mission lies in supporting St. Madeleine Sophie's Center, an entity that offers educational and vocational programs for adults who have developmental disabilities. By fundraising, the Kraemer Endowment Foundation plays a vital role in ensuring the continuation and expansion of these essential services, thereby empowering individuals with developmental disabilities to lead fulfilling lives and contribute to their communities.
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Impact
October, 2024
The Kraemer Endowment Foundation Inc plays a vital role in enhancing the lives of developmentally disabled adults through its dedicated fundraising efforts. By generating funds specifically for St. Madeleine Sophie's Center, the foundation directly supports programs that facilitate educational and vocational opportunities for these individuals. This impact is significant, as it not only promotes inclusivity and skill development but also empowers participants to lead more independent and fulfilling lives. Through its commitment to these programs in El Cajon, CA, the foundation fosters a community that values and uplifts every individual, enabling them to pursue their potential and enhance their quality of life.
This information is meant to be a general summary of Kraemer Endowment 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 2022.
- Investment Income: $924,907
- Gross Receipts: $5,576,058
Assets and Liabilities:
- Total Assets: $13,910,412
- Total Liabilities: $0
- Net Assets: $13,910,412
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Organization Details
Founding Year
1992
Phone
(858) 551-9402Main Address
2119 EAST MADISON AVENUE, EL CAJON, CA, 92019
NTEE Category
Code: X22 - Religion related
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