Overview
What is Dr Hans J Rubin And Betty Rubin Memorial Fund?
Dr. Hans J. Rubin and Betty Rubin Memorial Fund is a charitable organization, based in Brooklyn, Ohio, with a specific focus on grant distribution. As per a trust agreement dated June 16, 1987, the fund distributes its grants to five beneficiary organizations: National Jewish Center, Holy Family Cancer Home, Lutheran Medical Center, Judson Retirement Community, and Mt. Sinai Health Care Foundation. Keybank serves as the trustee, ensuring their grants aid in fulfilling each organization's mission. The charity retains the power to amend the agreement, remove the trustee, and appoint new trustees or committee members. It also holds the authority to withdraw principal, maintaining flexibility in its operations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Stars
The Dr Hans J Rubin And Betty Rubin Memorial Fund received a low score of 53% from Charity Navigator, resulting in a One-Star rating. This score primarily reflects significant concerns in Accountability & Finance, particularly in governance practices. Key issues include the absence of independent board members, as the charity has 0% independent representation, and missing critical policies regarding conflict of interest and whistleblower protections.
Despite these governance challenges, the organization does demonstrate some positive financial health indicators. It has a program expense ratio of 82.52%, indicating that a substantial portion of its expenditures is directed towards its programs. Additionally, the fund maintains a strong liabilities to assets ratio of 0.00%, suggesting a solid financial footing in terms of asset management.
However, the lack of transparency in its operations is a notable limitation. Missing items such as the charity's website listed on tax forms and the absence of posted tax documents further contribute to the low accountability score. These issues highlight the need for improvement in governance and transparency to enhance trust and credibility among donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Dr Hans J Rubin And Betty Rubin Memorial Fund legitimate?
Dr Hans J Rubin And Betty Rubin Memorial Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dr Hans J Rubin And Betty Rubin Memorial Fund 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: $21,425
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Dr Hans J Rubin And Betty Rubin Memorial Fund?
The Dr Hans J Rubin And Betty Rubin Memorial Fund distributes grants in accordance with a Trust Agreement from 1987. Keybank serves as the Trustee and allocates funds to five beneficiary organizations: National Jewish Center, Holy Family Cancer Home, Lutheran Medical Center, Judson Retirement Community, and Mt. Sinai Health Care FDN, each receiving 10% or 60%. The Trustee ensures the fund's responsiveness to the needs and activities of these organizations, working towards their respective missions. The Charity retains the power to remove the Trustee, appoint Co-Trustees or Committee Members, and withdraw principal. Furthermore, the Trustee can amend the document to maintain its qualification as a 509(a)3. In essence, the Dr Hans J Rubin And Betty Rubin Memorial Fund supports various healthcare and retirement organizations, aiding them in their respective missions.
Who is the CEO of Dr Hans J Rubin And Betty Rubin Memorial Fund?
Unavailable
What is the revenue of Dr Hans J Rubin And Betty Rubin Memorial Fund?
Dr Hans J Rubin And Betty Rubin Memorial Fund's revenue in 2022 was -$11,935.
Who are the executives of Dr Hans J Rubin And Betty Rubin Memorial Fund and what are their salaries?
There is 1 key member and their salary:
- Compensation: $42,850
- Related: $0
- Other: $0
Where can I find the form 990 for Dr Hans J Rubin And Betty Rubin Memorial Fund?
Dr Hans J Rubin And Betty Rubin Memorial Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Dr Hans J Rubin And Betty Rubin Memorial Fund
The Dr Hans J Rubin And Betty Rubin Memorial Fund, as governed by a Trust Agreement dated June 16, 1987, distributes grants according to its stipulations. Keybank, serving as the Trustee, allocates 10% of the funds to the National Jewish Center, Holy Family Cancer Home, Lutheran Medical Center, Judson Retirement Community, and 60% to Mt. Sinai Health Care FDN. The Trustee maintains a keen awareness of the needs and activities of each beneficiary organization, ensuring their missions are upheld. The Charity holds the power to remove the Trustee, appoint Co-Trustees or Committee Members, and withdraw the principal, while the Trustee has the authority to amend the document to preserve the Fund's classification as a 509(a)3. In essence, the Dr Hans J Rubin And Betty Rubin Memorial Fund supports various charitable organizations and maintains a flexible structure to ensure their continued success.
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Impact
October, 2024
The Dr. Hans J. Rubin and Betty Rubin Memorial Fund has a significant impact in supporting vital healthcare initiatives and institutions. Through a structured distribution framework established in its Trust Agreement, the Fund allocates resources to various organizations dedicated to health and well-being.
Ten percent of the grants are directed to the National Jewish Center, Holy Family Cancer Home, Lutheran Medical Center, and Judson Retirement Community, fostering a broad range of healthcare services. The largest portion, 60%, is designated for the Mt. Sinai Health Care Foundation, specifically to support the Ophthalmology/Botulinum Toxin Program. This targeted funding enables advancements in medical treatment and patient care, addressing critical health needs.
By working closely with these organizations, Keybank, acting as the Trustee, ensures that the grants align with the evolving requirements and objectives of each beneficiary. This responsive approach promotes sustained health improvement and community support in Brooklyn, Ohio, ultimately enhancing the quality of life for those served by these institutions. The strategic distribution of funds exemplifies a commitment to addressing pressing health issues and fostering a collaborative healthcare environment.
This information is meant to be a general summary of Dr Hans J Rubin And Betty Rubin Memorial Fund. 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: -$11,935
- Gross Receipts: $150,462
Assets and Liabilities:
- Total Assets: $2,073,080
- Total Liabilities: $0
- Net Assets: $2,073,080
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Organization Details
Founding Year
1987
Phone
(216) 689-7663Main Address
4900 TIEDEMAN ROAD OH-01-49-0381, BROOKLYN, OH, 44144
NTEE Category
Code: G12 - Disease
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