Overview
What is Samaritas Foundation?
Samaritas Foundation is a supporting organization located in Detroit, Michigan, with an address at 8131 E Jefferson Ave. Its primary role is to provide financial assistance to Samaritas, a Michigan-based nonprofit corporation, for operational and capital purposes. The Foundation's mission is to establish and manage endowment funds for charitable purposes, aiming to support Samaritas in accomplishing its mission of offering services to others. The Foundation receives donations, bequests, and property gifts, which are then invested, managed, and distributed to further the Foundation's objectives.
Official website here: www.samaritas.org
Is Samaritas Foundation legitimate?
Samaritas Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Samaritas 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:
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For more financial information, click here
Official website here: www.samaritas.org
What is the mission statement of Samaritas Foundation?
The Samaritas Foundation's mission is centered around receiving and managing charitable contributions for the benefit of Samaritas, a Michigan-based nonprofit organization. The primary goal is to establish endowment funds to support Samaritas and its subsidiaries and affiliated entities in fulfilling their mission. The foundation also provides financial assistance to enable Samaritas to serve others effectively, accepting various forms of property gifts and bequests. The investments, management, and distribution of these funds are all aimed at supporting the Foundation's charitable purposes.
Official website here: www.samaritas.org
Who is the CEO of Samaritas Foundation?
David Wohleen is the Chairperson of Samaritas Foundation.
Official website here: www.samaritas.org
What is the revenue of Samaritas Foundation?
Samaritas Foundation's revenue in 2022 was $654,930.
Official website here: www.samaritas.org
Who are the executives of Samaritas Foundation and what are their salaries?
There 17 volunteers at Samaritas Foundation.
Here are 23 key members and their salaries:
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Official website here: www.samaritas.org
Where can I find the form 990 for Samaritas Foundation?
Samaritas Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.samaritas.org
Learn more at the official website: www.samaritas.org
Mission Statement of Samaritas Foundation
The Samaritas Foundation, a charitable entity, is established to receive and administer funds for the benefit of Samaritas, a Michigan-based nonprofit corporation, and its subsidiaries or affiliated entities. Its primary mission is to provide support exclusively to Samaritas, enabling it to fulfill its mission of serving others. The foundation accepts gifts, devises, and bequests of property, both real and personal, including endowment funds, outright or in trust. It then invests, manages, and distributes these funds and their proceeds for the uses of the foundation, with the ultimate goal of assisting Samaritas in meeting its capital and program service requirements. The foundation's role is instrumental in helping Samaritas accomplish its mission of serving others.
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Impact
October, 2024
The Samaritas Foundation significantly enhances the ability of Samaritas to serve vulnerable populations in Michigan. By establishing a permanent endowment fund, the foundation ensures sustainable financial support for critical programs and services. Its efforts facilitate the receipt and management of contributions, which are crucial for meeting operational and capital needs.
Through strategic grants, the foundation empowers Samaritas to address a wide array of human services, including housing, foster care, and community support. By accepting various forms of property, including gifts and bequests, it mobilizes resources that translate into tangible benefits for individuals and families in need.
Overall, the foundation's impact lies in its capacity to provide lasting financial stability and support for initiatives that uplift and empower communities, ensuring that Samaritas can continue fulfilling its mission of serving others effectively.
This information is meant to be a general summary of Samaritas 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: -$445,358
- Gross Receipts: $6,574,912
Assets and Liabilities:
- Total Assets: $19,223,596
- Total Liabilities: $497,140
- Net Assets: $18,726,456
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Organization Details
Founding Year
1994
Phone
(313) 823-7700Principal Officer
David Wohleen
Main Address
8131 E JEFFERSON AVE, DETROIT, MI, 48214
Website
www.samaritas.orgNTEE Category
Code: P11 - Human services
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