Overview
What is The Jarc Foundation?
The Jarc Foundation is a charitable organization, established as a 501(c)(3), headquartered in Bloomfield Hills, Michigan. Its primary objective is to support JARC, another 501(c)(3) organization, in its mission to provide care for developmentally disabled adults in group homes and independent living settings. Additionally, The Jarc Foundation offers respite services within families' homes for children, teens, and young adults. The foundation's activities revolve around managing endowment funds and property, with the sole purpose of benefiting JARC and its mission to provide shelter, care, and support for individuals with developmental disabilities.
Official website here: www.jarc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Star rating.
The Jarc Foundation's rating indicates significant concerns regarding its accountability and financial management, earning it a low score of 57%. While the organization demonstrates strong governance, with a fully independent board and effective policies in place, its financial metrics, particularly the program expense ratio and liabilities to assets ratio, raise red flags. A program expense ratio of only 38.72% suggests that a large portion of funds may not be directed toward programming.
The Foundation's board governance is commendable, as it scored full points for having a majority of independent board members and various accountability policies. However, the lack of transparency is evident as the tax form is not available on the nonprofit's website, which is critical for potential donors seeking to understand the organization’s financial health and operational practices.
In summary, while The Jarc Foundation has some strong governance attributes, the low financial ratios and overall program expense ratio highlight potential areas for improvement. Prospective supporters may want to consider these factors before contributing, as the organization struggles to allocate a significant portion of its funds towards its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Jarc Foundation legitimate?
The Jarc Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Jarc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.jarc.org
What is the mission statement of The Jarc Foundation?
The Jarc Foundation's mission is dedicated to supporting a 501(c)(3) charitable organization named JARC. This organization provides shelter, care, and support to individuals with developmental disabilities. The Jarc Foundation specifically focuses on administering endowment funds and property, working exclusively for the benefit of JARC. Their operations aim to enhance the living conditions of these individuals, offering care in group homes and independent living settings for adults. Additionally, they provide respite services within family homes for children, teens, and young adults.
Official website here: www.jarc.org
Who is the CEO of The Jarc Foundation?
Shaindle Braunstein is the President of The Jarc Foundation. The CEO's salary of The Jarc Foundation is $0 and their total compensation is $227,791.
Official website here: www.jarc.org
What is the revenue of The Jarc Foundation?
The Jarc Foundation's revenue in 2022 was $129,702.
Official website here: www.jarc.org
Who are the executives of The Jarc Foundation and what are their salaries?
Here are 4 key members and their salaries (The Jarc Foundation's CEO's salary is $0 and their total compensation is $227,791):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $198,734
- Other: $29,057
Official website here: www.jarc.org
Where can I find the form 990 for The Jarc Foundation?
The Jarc Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jarc.org
Learn more at the official website: www.jarc.org
Mission Statement of The Jarc Foundation
The Jarc Foundation is dedicated to supporting Jarc, a 501(C)(3) charitable organization, in its mission. This mission entails administering endowment funds and property, operating exclusively for the benefit of Jarc. The primary aim of Jarc is to provide shelter, care, and support to developmentally disabled individuals. The Jarc Foundation's role is instrumental in facilitating Jarc's operations, ensuring it can continue to offer group homes and independent living settings for adults, as well as respite services within family homes for children, teens, and young adults. By supporting Jarc, the foundation plays a crucial role in enhancing the lives of individuals with developmental disabilities, providing them with the care and assistance they need to live fulfilling lives.
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Impact
October, 2024
The Jarc Foundation significantly enhances the quality of life for developmentally disabled individuals through its support of JARC's programs. By managing endowment funds and resources, it ensures the provision of essential services, including shelter and care in both group homes and independent living environments.
Their impact extends beyond just physical care; the Foundation enables JARC to offer respite services that provide families with much-needed relief while ensuring that children, teens, and young adults have a safe and supportive environment. This multifaceted approach not only fosters independence among adults but also strengthens family dynamics, allowing families to thrive. Ultimately, The Jarc Foundation plays a crucial role in empowering individuals and supporting families within the community.
This information is meant to be a general summary of The Jarc 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: $129,702
- Gross Receipts: $140,573
Assets and Liabilities:
- Total Assets: $5,947,180
- Total Liabilities: $108,733
- Net Assets: $5,838,447
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Organization Details
Founding Year
2004
Phone
(248) 940-2617Principal Officer
Shaindle Braunstein
Main Address
6735 TELEGRAPH 100, BLOOMFIELD HILLS, MI, 48301
Website
www.jarc.orgNTEE Category
Code: P11 - Human services
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