Overview
What is Old Newsboys Goodfellow Fund Of Detroit Michigan?
The Old Newsboys Goodfellow Fund of Detroit Michigan is a nonprofit organization, specifically based in Detroit, Michigan. Its primary focus is on improving the welfare of underprivileged children in the metropolitan Detroit area. The organization is renowned for its "No Child Without a Christmas" program, which provides essential support to these children. This program offers gift packages, shoe vouchers, dental vouchers, camp vouchers, and educational scholarships, ensuring that these children experience joy and receive necessary resources during the holiday season and beyond. In addition to this, the organization has a dedicated team of four employees working tirelessly to make a positive impact in the lives of underprivileged children in the Detroit area.
Official website here: www.detroitgoodfellows.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star Rating
The Old Newsboys Goodfellow Fund of Detroit, Michigan, has achieved a remarkable overall score of 100%, reflecting its commitment to accountability and financial transparency. With an entirely independent board of 18 members, the organization showcases strong governance practices, evidenced by its perfect scores in key categories such as audit oversight and conflict of interest policies.
Financially, the organization demonstrates a solid performance with a program expense ratio of 76.7%, indicating that a significant portion of its funds is directed towards its mission. Additionally, the fundraising efficiency ratio is notably low at $0.07, suggesting that the organization effectively manages its fundraising expenses. This efficient financial management contributes to a healthy working capital ratio of 5.86 years, providing stability and sustainability for its operations.
While the organization has received high marks for its financial practices, it consistently emphasizes transparency by making its financial documents readily available on its website. Overall, the Old Newsboys Goodfellow Fund stands out as a well-managed nonprofit with a strong commitment to its mission and responsible stewardship of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Old Newsboys Goodfellow Fund Of Detroit Michigan legitimate?
Old Newsboys Goodfellow Fund Of Detroit Michigan is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old Newsboys Goodfellow Fund Of Detroit Michigan 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: $109,702
Professional Fundraising Fees: $0
Other Salaries and Wages: $41,584
For more financial information, click here
Official website here: www.detroitgoodfellows.org
What is the mission statement of Old Newsboys Goodfellow Fund Of Detroit Michigan?
The Old Newsboys Goodfellow Fund of Detroit Michigan's mission is centered around improving the welfare of underprivileged children in the metropolitan area. They place a significant emphasis on their "No Child Without a Christmas" program, which provides gift packages, shoe vouchers, dental vouchers, camp vouchers, and educational scholarships to these children during the holiday season and beyond. The organization aims to offer essential support to these children, ensuring they have access to essential items and opportunities for education.
Official website here: www.detroitgoodfellows.org
Who is the CEO of Old Newsboys Goodfellow Fund Of Detroit Michigan?
Michael J Predhomme is the Executive Di of Old Newsboys Goodfellow Fund Of Detroit Michigan.
Official website here: www.detroitgoodfellows.org
What is the revenue of Old Newsboys Goodfellow Fund Of Detroit Michigan?
Old Newsboys Goodfellow Fund Of Detroit Michigan's revenue in 2023 was $2,048,432.
Official website here: www.detroitgoodfellows.org
Who are the executives of Old Newsboys Goodfellow Fund Of Detroit Michigan and what are their salaries?
The average compensation at Old Newsboys Goodfellow Fund Of Detroit Michigan during 2023 was $37,822. There are 4 employees and 300 volunteers at Old Newsboys Goodfellow Fund Of Detroit Michigan.
Here are 20 key members and their salaries:
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Official website here: www.detroitgoodfellows.org
Where can I find the form 990 for Old Newsboys Goodfellow Fund Of Detroit Michigan?
Old Newsboys Goodfellow Fund Of Detroit Michigan's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.detroitgoodfellows.org
Learn more at the official website: www.detroitgoodfellows.org
Mission Statement of Old Newsboys Goodfellow Fund Of Detroit Michigan
The Old Newsboys Goodfellow Fund of Detroit Michigan is dedicated to enhancing the well-being of underprivileged children in the metropolitan Detroit area. This nonprofit organization places a significant emphasis on its "No Child Without a Christmas" program, which extends beyond the festive season. It provides gift packages, shoe vouchers, dental vouchers, camp vouchers, and educational scholarships to these children. By doing so, the Old Newsboys Goodfellow Fund of Detroit Michigan seeks to alleviate their hardships and offer them opportunities for personal growth and development. The organization's mission is not just about providing material aid during the holiday season but also about ensuring that these underprivileged children have access to essential services and resources throughout the year.
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Impact
July, 2024
The Old Newsboys Goodfellow Fund of Detroit, Michigan has a significant impact on the metro Detroit area by promoting the welfare of underprivileged children. Their "No Child Without a Christmas" program provides gift packages, shoe vouchers, dental vouchers, camp vouchers, and educational scholarships to children in need. This organization plays a crucial role in improving the community and ensuring that disadvantaged children have access to essential resources and opportunities.
This information is meant to be a general summary of Old Newsboys Goodfellow Fund Of Detroit Michigan. 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 2023.
- Investment Income: $255,162
- Gross Receipts: $4,573,100
Assets and Liabilities:
- Total Assets: $8,727,890
- Total Liabilities: $58,424
- Net Assets: $8,669,466
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Organization Details
Founding Year
1914
Phone
(586) 775-6139Principal Officer
Michael J Predhomme
Main Address
PO BOX 44444, DETROIT, MI, 48244
Website
www.detroitgoodfellows.orgNTEE Category
Code: S820 - Community improvement
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