Overview
What is Sholom Foundation?
The Sholom Foundation, located in St. Louis Park, Minnesota, is a nonprofit organization committed to enhancing the facilities and programming of Sholom Community Alliance and its affiliates (collectively SCA). SCA offers various services, such as short-term and long-term nursing home care, assisted living, housing (both market rate and HUD-assisted), and community-based services, including home care and hospice, primarily catering to the elderly in the Twin Cities metropolitan area. The Sholom Foundation's mission is to raise sufficient endowment and annual funds to provide financial support for Sholom services and facilities, aiming to promote excellence in care for future generations. With a team of five dedicated individuals, the foundation supports and advances the quality of service to the elderly community.
Official website here: www.sholomfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
The Sholom Foundation has achieved a strong rating of 90%, which indicates a high level of accountability and financial health. This score reflects the charity's commitment to transparency and responsible governance, with a perfect score for having an entirely independent board and robust financial oversight measures in place. The foundation showcases a solid accountability framework, with no reported material diversion of assets and comprehensive policies addressing conflicts of interest and whistleblower protections.
In terms of financial ratios, the foundation has a liabilities to assets ratio of 0.68%, suggesting a healthy financial position. Additionally, with a program expense ratio of 65.48%, it demonstrates a significant portion of its expenditures directed towards its charitable programs, although there is room for improvement in this area to maximize program impact.
While the organization shows many strengths, including a well-structured board and strong policies, the program expense ratio indicates that not all funds are being utilized for programmatic work. This could be a point of consideration for potential donors looking for maximum impact from their contributions. Overall, the Sholom Foundation maintains a commendable standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Sholom Foundation legitimate?
Sholom Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sholom 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: $237,434
Professional Fundraising Fees: $0
Other Salaries and Wages: $118,622
For more financial information, click here
Official website here: www.sholomfoundation.com
What is the mission statement of Sholom Foundation?
The Sholom Foundation's sole mission is to raise sufficient funds, both endowment and annual, to provide financial support for Sholom Services and facilities. This aim is to ensure the continuity of excellent care for future generations. The foundation's activities primarily focus on boosting the facilities and programming of Sholom Community Alliance and its affiliates, which offer a range of services including nursing home care, assisted living, housing, and community-based services such as home care and hospice, primarily to the elderly in the Twin Cities metropolitan area. The foundation's goal is to maintain and improve the quality of care for the elderly community.
Official website here: www.sholomfoundation.com
Who is the CEO of Sholom Foundation?
Joel Mandel is the Executive Director of Sholom Foundation.
Official website here: www.sholomfoundation.com
What is the revenue of Sholom Foundation?
Sholom Foundation's revenue in 2022 was $1,855,169.
Official website here: www.sholomfoundation.com
Who are the executives of Sholom Foundation and what are their salaries?
The average compensation at Sholom Foundation during 2022 was $71,211. There are 5 employees and 49 volunteers at Sholom Foundation.
Here are 41 key members and their salaries:
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Official website here: www.sholomfoundation.com
Where can I find the form 990 for Sholom Foundation?
Sholom Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sholomfoundation.com
Learn more at the official website: www.sholomfoundation.com
Mission Statement of Sholom Foundation
The Sholom Foundation is dedicated to its mission of raising sufficient funds to support the exceptional care provided to the elderly community. This nonprofit organization's sole purpose is to generate financial backing for Sholom Services and facilities, ensuring the continuity of high-quality care for future generations. By providing endowment and annual funds, the Sholom Foundation aims to enhance the facilities and programming offered by Sholom Community Alliance (SCA) and its affiliates.
SCA is a vital partner in this mission, offering a range of services to the elderly in the Twin Cities metropolitan area. These services include short-term and long-term nursing home care, assisted living, housing, and community-based services such as home care and hospice. By supporting SCA, the Sholom Foundation is committed to promoting excellence in care for the elderly community, ensuring that they receive the best possible services to support their well-being and independence. The Sholom Foundation's mission is a testament to its unwavering commitment to the elderly, working tirelessly to secure their future and enhance their quality of life.
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Impact
October, 2024
Sholom Foundation significantly enhances the quality of life for the elderly community by providing critical financial support to Sholom Community Alliance and its affiliates. This impact is evident through the improvement of facilities and the expansion of programs that cater to the diverse needs of seniors in the Twin Cities metropolitan area.
By funding short and long-term nursing home care, assisted living, and various community-based services such as home care and hospice, the foundation ensures that elderly residents receive compassionate, high-quality care. Its mission to raise endowment and annual funds underlines a commitment to sustaining these essential services for future generations, promoting excellence in care and enriching the lives of those served.
In St. Louis Park, MN, Sholom Foundation plays a crucial role in creating a supportive environment for seniors, allowing them to enjoy dignity, respect, and comprehensive support throughout their later years. Its efforts empower a community that values the well-being of its elderly population, fostering a culture of care that resonates throughout families and neighborhoods.
This information is meant to be a general summary of Sholom 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: $1,150,472
- Gross Receipts: $7,922,166
Assets and Liabilities:
- Total Assets: $33,819,522
- Total Liabilities: $230,711
- Net Assets: $33,588,811
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Organization Details
Founding Year
1985
Phone
(952) 939-1593Principal Officer
Joel Mandel
Main Address
3610 PHILLIPS PARKWAY, ST LOUIS PARK, MN, 55426
Website
www.sholomfoundation.comNTEE Category
Code: P750 - Human services
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