Overview
What is Rob Degrand Memorial Foundation Inc Rob Degrand Memorial Foundation Inc?
Rob Degrand Memorial Foundation Inc is a nonprofit organization situated in Luxemburg, Wisconsin. Their primary mission is to collect funds, which they then distribute directly to individuals and charitable organizations. This philanthropic organization is dedicated to making a difference in people's lives by providing financial support. While the information does not specify the scope or focus of the charities they support, it is clear that their goal is to help those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (70%, Two-Star out of Four Star rating)
The Rob Degrand Memorial Foundation Inc has received a Two-Star rating from Charity Navigator, reflecting a need for improvement in certain governance practices despite strong financial accountability. The organization scored exceptionally well in categories such as Accountability & Finance, with a perfect score of 100%, indicating robust financial health and management. The program expense ratio is also impressive at 95.18%, suggesting that the majority of funds are directed towards its charitable programs.
However, the foundation falls short in governance policies, as indicated by missing documents and policies that are critical for transparency and accountability. The absence of a conflict of interest policy, a whistleblower policy, and documented board meeting minutes raises concerns about the foundation’s internal controls. While the organization does boast a fully independent board and no material diversion of assets, these governance gaps detract from the overall rating and public trust.
In summary, while the Rob Degrand Memorial Foundation demonstrates strong financial management and programmatic effectiveness, significant improvements are needed in governance practices to enhance its overall standing and transparency. Addressing these limitations could help bolster confidence among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Rob Degrand Memorial Foundation Inc Rob Degrand Memorial Foundation Inc legitimate?
Rob Degrand Memorial Foundation Inc Rob Degrand Memorial Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rob Degrand Memorial Foundation Inc Rob Degrand Memorial Foundation 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
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What is the mission statement of Rob Degrand Memorial Foundation Inc Rob Degrand Memorial Foundation Inc?
The Rob Degrand Memorial Foundation Inc, as outlined in its mission description, is committed to raising funds through various means. This collected money is then distributed directly to individuals in need and to charitable organizations. The organization's primary goal is to provide financial assistance where it is needed most, thereby making a positive impact on numerous lives. Additionally, the foundation occasionally contributes to scholarships, furthering educational opportunities for deserving individuals.
Who is the CEO of Rob Degrand Memorial Foundation Inc Rob Degrand Memorial Foundation Inc?
Gerard J De is the Principal Officer of Rob Degrand Memorial Foundation Inc Rob Degrand Memorial Foundation Inc.
What is the revenue of Rob Degrand Memorial Foundation Inc Rob Degrand Memorial Foundation Inc?
Rob Degrand Memorial Foundation Inc Rob Degrand Memorial Foundation Inc's revenue in 2023 was $98,811.
Who are the executives of Rob Degrand Memorial Foundation Inc Rob Degrand Memorial Foundation Inc and what are their salaries?
There 10 volunteers at Rob Degrand Memorial Foundation Inc Rob Degrand Memorial Foundation Inc.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Rob Degrand Memorial Foundation Inc Rob Degrand Memorial Foundation Inc?
Rob Degrand Memorial Foundation Inc Rob Degrand Memorial Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Rob Degrand Memorial Foundation Inc Rob Degrand Memorial Foundation Inc
The Rob Degrand Memorial Foundation Inc, as stated in its mission, is committed to raising funds through various means. This organization then proceeds to distribute these funds directly to individuals and charitable organizations. By doing so, the Rob Degrand Memorial Foundation Inc aims to make a tangible impact in the lives of those in need, providing them with financial support when it matters most. This mission is centered around the idea of giving back, demonstrating a strong commitment to philanthropy and community support. The foundation's activities are primarily focused on fundraising and the subsequent distribution of these funds to those who require assistance, embodying a spirit of generosity and compassion.
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Impact
October, 2024
Rob Degrand Memorial Foundation Inc significantly impacts individuals and communities by raising funds that are directed towards scholarships, charities, and direct assistance to those in need. Through its fundraising efforts, the foundation provides crucial financial support that helps individuals pursue education opportunities and supports various charitable initiatives. This proactive approach not only empowers recipients but also fosters a spirit of giving and community involvement in Luxemburg, WI, and beyond. By focusing on direct contributions, the foundation effectively addresses immediate needs and enhances the quality of life for those it serves.
This information is meant to be a general summary of Rob Degrand Memorial Foundation Inc Rob Degrand Memorial Foundation 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $56,384
- Gross Receipts: $98,811
Assets and Liabilities:
- Total Assets: $588,930
- Total Liabilities: $0
- Net Assets: $588,930
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Organization Details
Founding Year
1999
Phone
(920) 621-2636Principal Officer
Gerard J De
Main Address
PO BOX 118, LUXEMBURG, WI, 54217
NTEE Category
Code: T123 - Philanthropy
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