Overview
What is Marklund Charities?
Marklund Charities is a nonprofit organization situated in Geneva, Illinois, with the address 1S450 Wyatt Drive. Their primary mission is to offer financial support to Marklund Children's Home, a 501(c)(3) organization, with the aim of enhancing their capability to deliver exceptional care to individuals with profound disabilities. Marklund Charities achieves this through various fundraising activities, such as capital campaigns, donations for endowment, and holiday drives. The nonprofit's efforts have enabled Marklund Children's Home to maintain its high-quality services for its residents and provide reputable day programs for clients residing in the community.
Official website here: www.marklund.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 1 Star (50%)**
Marklund Charities has received a one-star rating on Charity Navigator, reflecting significant concerns about its financial health and efficiency. While the organization scores well in areas related to accountability and governance—such as having a fully independent board and proper financial oversight—it suffers from poor results in financial performance metrics. The program expense ratio is reported at 0%, indicating that little to no funding is directly allocated to programs, which raises questions about the charity's operational effectiveness.
Despite the strong governance framework, the charity's overall financial sustainability is called into question, particularly highlighted by a substantive working capital ratio of over 20 years and a fundraising efficiency ratio that falls short. This raises concerns about whether the charity is effectively utilizing its resources and engaged in activities that lead to measurable impact within the community it serves.
User reviews from GreatNonprofits are not available for Marklund Charities, which limits the insights from direct donor and beneficiary experiences. The lack of user feedback may reflect either a low engagement from the community or an absence of significant interactions that typically generate reviews. Overall, potential donors should carefully consider the financial aspects and governance before contributing to this organization.
This AI summary has been generated from information found on Charity Navigator.
Is Marklund Charities legitimate?
Marklund Charities is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marklund Charities 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
Official website here: www.marklund.org
What is the mission statement of Marklund Charities?
Marklund Charities is dedicated to supporting the operations and purposes of Marklund Children's Home, a non-profit organization that provides superior care for individuals with profound disabilities. The charity accomplishes this through various fundraising activities, such as capital campaigns, donations for endowment, and holiday drives. The primary goal of Marklund Charities is to enable Marklund Children's Home to continue delivering high-quality services and running reputable day programs for its residents and community clients. Both organizations share a common mission of making daily life more possible for individuals with profound disabilities. During the year, Marklund Charities released funds from restrictions to support various programs within Marklund Operations.
Official website here: www.marklund.org
Who is the CEO of Marklund Charities?
Gilbert Fonger is the President/Ceo of Marklund Charities. The CEO's salary of Marklund Charities is $0 and their total compensation is $349,208.
Official website here: www.marklund.org
What is the revenue of Marklund Charities?
Marklund Charities's revenue in 2022 was $9,135,058.
Official website here: www.marklund.org
Who are the executives of Marklund Charities and what are their salaries?
There 387 volunteers at Marklund Charities.
Here are 16 key members and their salaries (Marklund Charities's CEO's salary is $0 and their total compensation is $349,208):
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Official website here: www.marklund.org
Where can I find the form 990 for Marklund Charities?
Marklund Charities's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.marklund.org
Learn more at the official website: www.marklund.org
Mission Statement of Marklund Charities
Marklund Charities, as a nonprofit organization, is dedicated to raising funds to support the operations and missions of Marklund Children's Home, a 501(c)(3) organization. The primary goal of Marklund Charities is to ensure that Marklund Children's Home can continue providing high-quality care to individuals with profound disabilities and offer reputable day programs for those living in the community. By engaging in various fundraising activities, such as Capital Campaigns, Donations for Endowment, and Holiday drives, Marklund Charities makes it possible for Marklund Children's Home to fulfill its mission of enhancing the lives of those with disabilities. In essence, Marklund Charities serves as a vital partner in helping Marklund Children's Home fulfill its commitment to enriching the lives of individuals with profound disabilities.
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Impact
October, 2024
Marklund Charities significantly enhances the lives of individuals with profound disabilities by funding essential programs and services at Marklund Children's Home. Their fundraising efforts, including capital campaigns, endowment donations, and holiday drives, play a crucial role in maintaining high-quality care for residents and supporting reputable day programs for community clients and students.
By releasing restricted funds to support various operational needs, Marklund Charities ensures that individuals at Marklund Children's Home receive the vital resources they need for daily living and development. Their unwavering commitment ultimately makes everyday life more attainable and enriching for those they serve in Geneva, Illinois.
This information is meant to be a general summary of Marklund Charities. 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: $893,465
- Gross Receipts: $9,135,058
Assets and Liabilities:
- Total Assets: $28,350,103
- Total Liabilities: $148,849
- Net Assets: $28,201,254
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Organization Details
Founding Year
1996
Phone
(630) 593-5500Principal Officer
Gilbert Fonger
Main Address
1S450 Wyatt Drive, Geneva, IL, 60134
Website
www.marklund.orgNTEE Category
Code: P110 - Human services
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