Overview
What is The Plumsock Fund Inc?
The Plumsock Fund Inc, located in Woburn, Massachusetts, is a nonprofit organization that adheres to its governing instrument by providing periodic financial support to the Maya Educational Foundation. The primary objective of this financial assistance is to promote the educational and professional growth of the Mayan people and their region. By funding educational programs, this fund aims to preserve and study their rich cultures, contributing to their overall advancement. The Plumsock Fund Inc plays a significant role in uplifting the Mayan community through its philanthropic efforts.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
The Plumsock Fund Inc has achieved a strong rating of 94%, indicating a high level of accountability and financial management. This score is derived entirely from its Accountability & Finance metrics, which reflect the organization's commitment to responsible stewardship of its resources. Earning a Four-Star rating is a testament to its operational transparency and effectiveness in managing funds.
The organization demonstrates exceptional governance, as evidenced by its 100% independent board members and a well-structured conflict of interest policy. It has no material diversion of assets and retains essential documents, including board meeting minutes, which further highlights its commitment to accountability. Additionally, the fund allocates a significant portion of its expenses directly to programs, with a program expense ratio of 92.37%, indicating a strong focus on its mission.
While the organization displays numerous strengths, the data primarily focuses on financial accountability, and more information on program outcomes or impact could provide a fuller picture of its overall effectiveness. Nevertheless, the Plumsock Fund Inc sets a strong example of financial integrity and responsible governance within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is The Plumsock Fund Inc legitimate?
The Plumsock Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Plumsock Fund 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
For more financial information, click here
What is the mission statement of The Plumsock Fund Inc?
The Plumsock Fund Inc, as per its governing instrument, supports the Maya Educational Foundation. The primary objective of this support is to foster the educational and professional advancement of the Mayan people and the Mayan region. This is achieved through educational programs that encourage the study and preservation of their cultures. The fund's mission is to provide periodic income distributions to the Maya Educational Foundation, contributing to its goals.
Who is the CEO of The Plumsock Fund Inc?
Pam Solo is the Director of The Plumsock Fund Inc.
What is the revenue of The Plumsock Fund Inc?
The Plumsock Fund Inc's revenue in 2022 was $523,364.
Who are the executives of The Plumsock Fund Inc and what are their salaries?
There 5 volunteers at The Plumsock Fund Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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Where can I find the form 990 for The Plumsock Fund Inc?
The Plumsock Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Plumsock Fund Inc
The Plumsock Fund Inc, as per its governing instrument, plays a crucial role in supporting the Maya Educational Foundation. Its mission is twofold: firstly, it aims to promote the educational and professional advancement of the Mayan people and their region. Secondly, it seeks to foster the study and preservation of their cultures through various educational programs. This nonprofit organization provides financial support to the Maya Educational Foundation by distributing a portion of its income periodically to this foundation. In essence, The Plumsock Fund Inc is dedicated to uplifting the Mayan community by investing in their education and cultural heritage.
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Impact
July, 2024
The Plumsock Fund Inc makes a significant impact by providing vital support to the Maya Educational Foundation. This assistance directly contributes to the educational and professional advancement of the Mayan people and the preservation of their rich cultures in the Mayan region. Through the fund's financial contributions, educational programs are supported that foster study and preservation of the Mayan heritage, ultimately benefiting the community, promoting cultural awareness, and advancing educational opportunities for the Mayan population.
This information is meant to be a general summary of The Plumsock Fund 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: $523,364
- Gross Receipts: $2,302,028
Assets and Liabilities:
- Total Assets: $7,566,447
- Total Liabilities: $0
- Net Assets: $7,566,447
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Organization Details
Founding Year
1959
Phone
(781) 933-1744Principal Officer
Pam Solo
Main Address
400 WEST CUMMINGS PARK 5850, WOBURN, MA, 01801
NTEE Category
Code: Z99 - Unknown
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