Overview
What is The American Academy Of Matrimonial Lawyers Foundation?
The American Academy of Matrimonial Lawyers Foundation, situated in Chicago, Illinois, is a nonprofit organization committed to offering financial aid to 45 charitable entities. This support is extended through grants, with a total contribution of 230,000 dollars. The mission of this foundation is to extend assistance to families and children who are impacted by the dissolution of their family unit. By providing these grants, the foundation aims to contribute positively to the lives of those impacted by such circumstances. The foundation, with a modest workforce of one individual, remains dedicated to its mission.
Official website here: www.aamlfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Star rating. This rating reflects a strong performance in the Accountability & Finance category, which is crucial for potential donors assessing the charity's financial integrity and transparency. The organization's overall score is derived entirely from its accountability and finance practices, highlighting a solid governance structure.
The American Academy Of Matrimonial Lawyers Foundation demonstrates a high level of accountability with a fully independent board and robust financial oversight. Notably, all board members are independent, and the organization follows strict policies regarding conflict of interest and whistleblower protections. The foundation's financial management appears sound, with a low liabilities-to-assets ratio and proper documentation of board activities.
However, while the program expense ratio stands at 61.04%, indicating that a substantial portion of expenses is directed toward programs, there is room for improvement in this area. The organization’s key personnel salaries reflect a modest compensation approach, especially for volunteer roles. Overall, while the foundation showcases strong accountability and governance, enhancing its program expense ratio may further strengthen its position among donors.
This AI summary has been generated from information found on Charity Navigator.
Is The American Academy Of Matrimonial Lawyers Foundation legitimate?
The American Academy Of Matrimonial Lawyers Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The American Academy Of Matrimonial Lawyers 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: $76,075
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.aamlfoundation.org
What is the mission statement of The American Academy Of Matrimonial Lawyers Foundation?
The American Academy of Matrimonial Lawyers Foundation's mission is centered around providing financial aid to various organizations in the form of grants. This is done with the primary objective of offering assistance to families and children who have been impacted by the dissolution of their family unit. The foundation has recently distributed grants totaling 230,000 dollars to 45 charitable organizations, further demonstrating their commitment to this cause.
Official website here: www.aamlfoundation.org
Who is the CEO of The American Academy Of Matrimonial Lawyers Foundation?
Brian C Vertz Esq is the Executive Director of The American Academy Of Matrimonial Lawyers Foundation.
Official website here: www.aamlfoundation.org
What is the revenue of The American Academy Of Matrimonial Lawyers Foundation?
The American Academy Of Matrimonial Lawyers Foundation's revenue in 2022 was $645,171.
Official website here: www.aamlfoundation.org
Who are the executives of The American Academy Of Matrimonial Lawyers Foundation and what are their salaries?
The average compensation at The American Academy Of Matrimonial Lawyers Foundation during 2022 was $76,075. There is 1 employee and 30 volunteers at The American Academy Of Matrimonial Lawyers Foundation.
Here are 23 key members and their salaries:
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Official website here: www.aamlfoundation.org
Where can I find the form 990 for The American Academy Of Matrimonial Lawyers Foundation?
The American Academy Of Matrimonial Lawyers Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aamlfoundation.org
Learn more at the official website: www.aamlfoundation.org
Mission Statement of The American Academy Of Matrimonial Lawyers Foundation
The American Academy of Matrimonial Lawyers Foundation is committed to a mission that involves providing financial aid to various organizations in the form of grants. This mission is geared towards offering assistance to families and children who have been impacted by the dissolution of their family unit. Through these grants, the foundation aims to contribute positively to the lives of those affected, offering them a much-needed lifeline during challenging times. The foundation has successfully distributed over 230,000 dollars in grants to 45 charitable organizations, demonstrating its dedication to this cause.
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Impact
July, 2024
The American Academy Of Matrimonial Lawyers Foundation provides significant financial assistance to organizations dedicated to helping families and children impacted by the breakup of the family unit. Through grants totaling $230,000 distributed to 45 charitable organizations, the Foundation makes a tangible difference in supporting those in need during challenging times. Its commitment to aiding individuals and families in distress is evident in its impactful contributions to various causes related to family welfare.
This information is meant to be a general summary of The American Academy Of Matrimonial Lawyers 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: $127,931
- Gross Receipts: $1,096,780
Assets and Liabilities:
- Total Assets: $2,922,934
- Total Liabilities: $1,671
- Net Assets: $2,921,263
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Organization Details
Founding Year
1990
Phone
(312) 702-2520Principal Officer
Brian C Vertz Esq
Main Address
209 W Jackson Blvd STE 602, Chicago, IL, 60606
Website
www.aamlfoundation.orgNTEE Category
Code: A99Z - Arts
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