Overview
What is Forrestal Agricultural Corporation?
Forrestal Agricultural Corporation serves as a holding company, managing investments on behalf of The Trustees of Princeton University. As a tax-exempt educational institution under IRC Section 501 (c)(3), Princeton University benefits from the corporation's investment activities. Forrestal Agricultural Corporation's mission is to foster the growth of The Trustees of Princeton University by skillfully overseeing its financial investments.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 39% (Zero-Star out of Four Star rating)
Forrestal Agricultural Corporation has received a low rating of 39% from Charity Navigator, primarily due to its poor performance in accountability and finance metrics. Notably, the organization has no independent board members, which raises concerns about governance and oversight. While the organization did achieve full points for its financial statements audit and has policies in place for conflict of interest, whistleblower protections, and document retention, the absence of independent oversight is a significant drawback.
The organization has also faced issues with transparency, as it is missing key components on its website such as the tax form and financial disclosures. This lack of publicly available information can hinder the ability of donors and stakeholders to make informed decisions about their support. Furthermore, the organization reported a program expense ratio of 0.00%, indicating that no funds were allocated to program activities, which is critical for a nonprofit's effectiveness.
In summary, while Forrestal Agricultural Corporation has established some solid policies and maintains transparency in certain areas, the overall governance structure, lack of independent board members, and failure to allocate resources to programmatic efforts significantly undermine its rating and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Forrestal Agricultural Corporation legitimate?
Forrestal Agricultural Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Forrestal Agricultural Corporation 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 Forrestal Agricultural Corporation?
Forrestal Agricultural Corporation serves as a holding company, overseeing investments on behalf of The Trustees of Princeton University. As an educational institution that is tax-exempt under IRC Section 501 (c)(3), Princeton University is the beneficiary of the corporation's financial management. The corporation's primary role is to ensure the growth and preservation of the University's assets, ultimately contributing to its ongoing educational mission. By effectively managing its investments, Forrestal Agricultural Corporation plays a crucial role in supporting the academic and research initiatives at Princeton University.
Who is the CEO of Forrestal Agricultural Corporation?
Unavailable
What is the revenue of Forrestal Agricultural Corporation?
Forrestal Agricultural Corporation's revenue in 2022 was $297,459,521.
Who are the executives of Forrestal Agricultural Corporation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $6,394,790
- Other: $2,833,697
- Compensation: $0
- Related: $578,918
- Other: $63,636
- Compensation: $0
- Related: $2,293,052
- Other: $1,019,977
- Compensation: $0
- Related: $247,665
- Other: $59,084
Where can I find the form 990 for Forrestal Agricultural Corporation?
Forrestal Agricultural Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Forrestal Agricultural Corporation
Forrestal Agricultural Corporation serves as a holding company, managing investments on behalf of The Trustees of Princeton University. This educational institution, which is exempt from taxation under IRC Section 501 (c)(3), is the ultimate beneficiary of Forrestal Agricultural Corporation's financial endeavors.
The corporation's primary role is to oversee various investments for the educational institution's financial growth and sustainability. By doing so, Forrestal Agricultural Corporation ensures that Princeton University has the necessary resources to continue its mission of providing quality education to students.
The Trustees of Princeton University, as the corporation's clients, rely on Forrestal Agricultural Corporation to make informed and strategic investment decisions. These decisions ultimately contribute to the university's ability to maintain its academic excellence and offer opportunities for students to thrive.
In summary, Forrestal Agricultural Corporation functions as a vital partner to The Trustees of Princeton University. Through its role as a holding company, it manages investments and ensures the university's financial stability, enabling it to continue its mission as a renowned educational institution.
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Impact
October, 2024
Forrestal Agricultural Corporation plays a crucial role in supporting the educational mission of The Trustees of Princeton University. By functioning as a holding company for investments, it effectively manages financial resources that benefit the university, ensuring sustainable funding for various programs and initiatives.
Located in Princeton, NJ, the corporation focuses on strategically growing and allocating its investments to maximize their impact on the university's capabilities. This support not only enhances educational opportunities for students but also contributes to research and development efforts that bolster Princeton’s position as a leading academic institution.
Through its dedicated management of investments, Forrestal Agricultural Corporation reinforces the commitment to education while facilitating the university's long-term financial health and stability.
This information is meant to be a general summary of Forrestal Agricultural Corporation. 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.
- Gross Receipts: $297,459,521
Assets and Liabilities:
- Total Assets: $339,814,007
- Total Liabilities: $45,148,000
- Net Assets: $294,666,007
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Organization Details
Founding Year
1988
Phone
(609) 258-3080Main Address
701 Carnegie Center 445, Princeton, NJ, 08540
NTEE Category
Code: B110 - Education
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