Overview
What is Preterm Foundation?
Preterm Foundation is a nonprofit organization situated in Cleveland, Ohio. Their primary objective is to raise funds to provide both medical and office facilities for a related nonprofit organization. By doing so, they aim to contribute significantly to the betterment of this affiliated organization's operations and services. The specifics of the associated nonprofit's work are not provided in the information, but Preterm Foundation plays a crucial role in supporting its growth and success.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
The Preterm Foundation has achieved an 84% rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization boasts 100% independent board members and has no material diversion of assets, reflecting a strong commitment to transparency and governance. Its well-defined policies on conflicts of interest, whistleblowing, and document retention further enhance its credibility.
Financially, the Preterm Foundation demonstrates effective use of its resources, with a program expense ratio of 81.5%, suggesting that a significant portion of its funding is directed towards its mission-related activities. The liabilities to assets ratio stands at 0%, indicating strong financial stability with no outstanding liabilities.
While the organization scores well across various accountability metrics, potential donors may want to consider the overall impact and reach of the Preterm Foundation's programs in relation to its operational costs. Overall, the foundation appears to be a reliable and well-managed nonprofit, according to the metrics assessed by Charity Navigator.
This AI summary has been generated from information found on Charity Navigator.
Is Preterm Foundation legitimate?
Preterm Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Preterm 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
For more financial information, click here
What is the mission statement of Preterm Foundation?
The Preterm Foundation's mission is centered around raising funds to provide essential medical and office space for a related non-profit organization. This mission aims to support the operations of this affiliated non-profit, enabling it to carry out its own objectives effectively. By securing necessary resources, the Preterm Foundation plays a crucial role in fostering the growth and success of this related organization.
Who is the CEO of Preterm Foundation?
Sri Thakkilapati is the Director of Preterm Foundation.
What is the revenue of Preterm Foundation?
Preterm Foundation's revenue in 2022 was -$222,488.
Who are the executives of Preterm Foundation and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $102,638
- Other: $0
- Compensation: $0
- Related: $51,500
- Other: $0
- Compensation: $0
- Related: $28,301
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Preterm Foundation?
Preterm Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Preterm Foundation
Preterm Foundation, as a philanthropic organization, is dedicated to raising funds with a specific purpose. Its mission is to provide essential medical and office facilities for a related non-profit entity. By doing so, Preterm Foundation plays a crucial role in supporting the operation and growth of another non-profit organization, thereby contributing to its cause. The funds raised by Preterm Foundation are utilized to procure the necessary medical and office spaces, enabling the related non-profit organization to carry out its activities more effectively and efficiently. This partnership between Preterm Foundation and the related non-profit organization allows them to collectively make a significant impact in their respective fields.
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Impact
October, 2024
Preterm Foundation plays a crucial role in enhancing healthcare access by raising funds to provide essential medical and office space for a related nonprofit organization. By securing these resources, it ensures that comprehensive health services are available to the community, particularly in Cleveland, OH. This initiative not only supports the infrastructure needed for healthcare delivery but also contributes to improved health outcomes for individuals seeking medical care. The foundation's impact is felt directly through its efforts to facilitate a supportive environment for healthcare providers and the populations they serve.
This information is meant to be a general summary of Preterm 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: -$64,284
- Gross Receipts: $79,716
Assets and Liabilities:
- Total Assets: $5,264,151
- Total Liabilities: $361
- Net Assets: $5,263,790
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Organization Details
Founding Year
1994
Phone
(216) 991-4000Principal Officer
Sri Thakkilapati
Main Address
12000 SHAKER BLVD, CLEVELAND, OH, 441201922
NTEE Category
Code: E110 - Health
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