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Newsday Charities Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 364868152 ✦ Melville, NY ✦ Designated as a 501(c)(3)

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Overview

What is Newsday Charities Inc?

Newsday Charities Inc is a nonprofit organization situated in Melville, New York, with the mission to enhance the lives of Long Island's most vulnerable individuals, children, and families. They achieve this by offering support to various not-for-profit organizations that share the same vision. By providing financial assistance, Newsday Charities Inc serves as a catalyst for positive change in the community, ultimately aiming to improve the overall quality of life for those in need.


Official website here: www.newsdaycharities.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 68%)

Newsday Charities Inc has received a "Needs Improvement" rating from Charity Navigator, indicating that while there are some strong points, significant areas require attention. The organization scores well in areas like the composition and independence of its board, with all members being independent and a complete board size, as well as maintaining proper records of board meeting minutes. Its program expense ratio is also strong, reflecting a focus on its primary mission.

However, the charity has notable shortcomings that impact its overall rating. The absence of key policies such as a whistleblower policy and a document retention and destruction policy raises concerns about governance and transparency. Additionally, it has a concerning liabilities to assets ratio of 100%, indicating potential financial risk. Furthermore, the charity's tax form is not available on its website, which detracts from its accountability and accessibility to information for donors.

Overall, while Newsday Charities Inc demonstrates strength in certain governance aspects, the lack of essential policies and transparency measures highlights areas for improvement that need to be addressed for a stronger rating in the future.


This AI summary has been generated from information found on Charity Navigator.

Is Newsday Charities Inc legitimate?

Newsday Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Newsday Charities 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


Official website here: www.newsdaycharities.org

What is the mission statement of Newsday Charities Inc?

Newsday Charities Inc is committed to supporting not-for-profit organizations that strive to enhance the living conditions of Long Island's most vulnerable individuals, including children and families. Their mission is to contribute to these organizations' efforts in improving the quality of life for these groups. They aim to provide the necessary resources and assistance to help these organizations fulfill their objectives and make a positive impact in their communities. Newsday Charities Inc's activities are centered around empowering these organizations to make a difference in the lives of Long Island's most vulnerable populations.


Official website here: www.newsdaycharities.org

Who is the CEO of Newsday Charities Inc?

Dale Cole is the President of Newsday Charities Inc.


Official website here: www.newsdaycharities.org

What is the revenue of Newsday Charities Inc?

Newsday Charities Inc's revenue in 2022 was $465,309.


Official website here: www.newsdaycharities.org

Who are the executives of Newsday Charities Inc and what are their salaries?

There 4 volunteers at Newsday Charities Inc.


Here are 4 key members and their salaries:


Dale Cole (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debby Krenek (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tyesha Jones (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dina Sforza (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.newsdaycharities.org

Where can I find the form 990 for Newsday Charities Inc?

Newsday Charities Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.newsdaycharities.org

Learn more at the official website: www.newsdaycharities.org

Mission Statement of Newsday Charities Inc

Newsday Charities Inc, as a philanthropic organization, is dedicated to supporting not-for-profit entities that strive to enhance the living conditions of Long Island's most vulnerable population, specifically focusing on children and families. Their mission is to provide these organizations with the necessary resources and backing, with the ultimate goal of improving their capacity to uplift the lives of the most at-risk individuals in the community. By fostering collaborations with these organizations, Newsday Charities Inc aims to contribute to a more equitable and compassionate society, where vulnerable individuals can live with dignity and access essential services.

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Impact




July, 2024

Newsday Charities Inc's impact is substantial in improving the quality of life for Long Island's most vulnerable individuals, children, and families. Through providing support to various not-for-profit organizations, they contribute significantly to addressing the needs of the community and making a positive difference in the lives of those who are most in need. Their philanthropic efforts play a crucial role in enhancing the well-being and opportunities available to individuals and families in Long Island.




This information is meant to be a general summary of Newsday Charities 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.

Revenue
$465,309 (2022)
Expenses
$413,307 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Gross Receipts: $465,309

Assets and Liabilities:

  • Total Assets: $907,390
  • Total Liabilities: $907,390
  • Net Assets: $0

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Organization Details

Founding Year

2017

Principal Officer

Dale Cole

Main Address

6 Corporate Center Drive, Melville, NY, 11747

NTEE Category

Code: T30 - Philanthropy

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