Overview
What is Martin W Richard Charitable Foundation Inc?
Martin W Richard Charitable Foundation Inc, situated in Dorchester, Massachusetts, is a nonprofit organization with a mission to honor the memory of Martin W. Richard, who advocated against harming others. Their primary focus lies in raising funds to invest in three main sectors: education, athletics, and the community. By contributing to these areas, they aim to make a positive impact and uphold Martin's message of peace and understanding. The Foundation's headquarters can be found at 1452 Dorchester Avenue, 4th Floor, Dorchester, MA 02125.
Official website here: www.teammr8.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
The Martin W Richard Charitable Foundation Inc received an overall score of 88%, indicating strong performance in accountability and finance. The rating reflects a comprehensive evaluation based solely on its accountability and finance metrics, with the foundation scoring particularly well in areas such as independent board member composition and financial audits. The charity scored 100% for having all independent board members and received full points for its financial statement audit and absence of material diversion of assets.
While the foundation demonstrates notable strengths, it also has some areas for improvement. The absence of a whistleblower policy and document retention and destruction policy, both of which received no points, may raise some concerns regarding transparency and governance practices. Additionally, the charity did not post its tax form on its website, which is another area that could enhance its accountability to the public.
Despite these limitations, the foundation maintains a high program expense ratio of 82.61%, suggesting that a significant portion of its funds is directed toward its charitable programs. Overall, the Martin W Richard Charitable Foundation Inc shows a commitment to fiscal responsibility and transparency, although addressing its policy gaps could further strengthen its standing.
This AI summary has been generated from information found on Charity Navigator.
Is Martin W Richard Charitable Foundation Inc legitimate?
Martin W Richard Charitable Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Martin W Richard Charitable 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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Official website here: www.teammr8.org
What is the mission statement of Martin W Richard Charitable Foundation Inc?
The Martin W Richard Charitable Foundation Inc's mission is to honor the memory of Martin W. Richard by raising funds to invest in education, athletics, and community. This organization aims to carry forward Richard's message of "No More Hurting People." The primary activity of the foundation is to collect funds, which are then allocated for investing in these three crucial sectors. By doing so, the foundation strives to make a positive impact on various communities and individuals.
Official website here: www.teammr8.org
Who is the CEO of Martin W Richard Charitable Foundation Inc?
Denise Richard is the President of Martin W Richard Charitable Foundation Inc.
Official website here: www.teammr8.org
What is the revenue of Martin W Richard Charitable Foundation Inc?
Martin W Richard Charitable Foundation Inc's revenue in 2022 was $557,428.
Official website here: www.teammr8.org
Who are the executives of Martin W Richard Charitable Foundation Inc and what are their salaries?
There 25 volunteers at Martin W Richard Charitable Foundation Inc.
Here are 7 key members and their salaries:
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Official website here: www.teammr8.org
Where can I find the form 990 for Martin W Richard Charitable Foundation Inc?
Martin W Richard Charitable Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.teammr8.org
Learn more at the official website: www.teammr8.org
Mission Statement of Martin W Richard Charitable Foundation Inc
The Martin W Richard Charitable Foundation Inc is committed to honoring the memory of Martin W. Richard, who advocated against harming others, by raising funds to invest in education, athletics, and community development. Its mission is to channel these funds towards initiatives that promote learning, physical activities, and community engagement, thereby embodying Martin's message of "no more hurting people." The Foundation's primary objective is to make a positive impact on society by channeling these resources effectively.
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Impact
July, 2024
Martin W Richard Charitable Foundation Inc's impact is felt through its efforts to honor the memory of Martin W. Richard's message of "No more hurting people" by raising funds to invest in education, athletics, and the community. By supporting these initiatives, the foundation helps empower individuals and communities to create positive change and promote a message of peace and unity. Its philanthropic endeavors aim to make a meaningful difference in the lives of those it serves, contributing to a brighter and more inclusive future for all.
This information is meant to be a general summary of Martin W Richard Charitable 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: $88,600
- Gross Receipts: $1,790,245
Assets and Liabilities:
- Total Assets: $2,724,200
- Total Liabilities: $746,047
- Net Assets: $1,978,153
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Organization Details
Founding Year
2014
Phone
(781) 235-1490Principal Officer
Denise Richard
Main Address
1452 DORCHESTER AVENUE 4TH FLR, DORCHESTER, MA, 02125
Website
www.teammr8.orgNTEE Category
Code: T30 - Philanthropy
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