Overview
What is Madraigos Inc?
Madraigos Inc, headquartered in Woodmere, New York, is a nonprofit organization with a mission to establish and maintain enrichment and recreation programs for teenagers and young adults. Their primary objective is to improve the lives of these individuals, fostering a sense of love, safety, and security. The organization offers a diverse range of activities, catering to the spiritual growth and personal development of its participants. Madraigos also provides mentoring services to those in need, believing that these programs not only positively impact the lives of the young adults they serve but also contribute to the betterment of the broader community. With a dedicated workforce of 11 individuals, Madraigos Inc strives to make a difference in the lives of its target demographic.
Official website here: www.madraigos.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Madraigos Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. The organization excels in various governance aspects, with a fully independent board and comprehensive policies in place, contributing to its high score in this area. The charity also demonstrates a solid commitment to financial transparency, as evidenced by their well-audited financial statements and the absence of material asset diversions.
While Madraigos Inc shows strengths in program expenses, with nearly 87% of their budget allocated directly to programs, they face challenges in fundraising efficiency. The reported ratio indicates a relatively high cost associated with fundraising efforts, which could be a concern for potential donors who prioritize cost-effective fundraising practices. Furthermore, the organization has a working capital ratio of 0.49 years, suggesting a need for improved liquidity management.
Overall, Madraigos Inc stands out for its governance and financial accountability, making it a reliable choice for donors. However, addressing the fundraising efficiency could further enhance its operational effectiveness and attract more support.
This AI summary has been generated from information found on Charity Navigator.
Is Madraigos Inc legitimate?
Madraigos Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madraigos 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: $367,188
Professional Fundraising Fees: $0
Other Salaries and Wages: $423,347
For more financial information, click here
Official website here: www.madraigos.org
What is the mission statement of Madraigos Inc?
Madraigos Inc was established with the purpose of establishing and maintaining a comprehensive range of after-school enrichment and recreation programs aimed at improving the lives of teenagers and young adults. The corporation strives to provide a sense of love, safety, and security through its activities. Madraigos offers programs for the spiritual enrichment and growth of its participants, as well as mentoring services for those who require it. The organization believes that these programs not only positively impact the lives of the teenagers and young adults they serve, but also contribute to the betterment of the community as a whole.
Official website here: www.madraigos.org
Who is the CEO of Madraigos Inc?
Dov Silver is the Exec. Vp of Madraigos Inc.
Official website here: www.madraigos.org
What is the revenue of Madraigos Inc?
Madraigos Inc's revenue in 2022 was $2,312,024.
Official website here: www.madraigos.org
Who are the executives of Madraigos Inc and what are their salaries?
The average compensation at Madraigos Inc during 2022 was $71,867. There are 11 employees at Madraigos Inc.
Here are 10 key members and their salaries:
- Compensation: $237,500
- Related: $0
- Other: $129,688
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.madraigos.org
Where can I find the form 990 for Madraigos Inc?
Madraigos Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.madraigos.org
Learn more at the official website: www.madraigos.org
Mission Statement of Madraigos Inc
Madraigos Inc, a nonprofit organization, was established with the primary purpose of establishing and maintaining a wide range of after-school enrichment and recreation programs. These programs are specifically designed to enhance the lives of teenagers and young adults. The corporation's activities aim to provide a sense of love, safety, and security to its participants. Madraigos Inc also has programs that focus on the spiritual enrichment and growth of its participants. Moreover, the organization provides mentoring services to those who require it. Madraigos Inc believes that these programs not only improve the lives of the teenagers and young adults they serve but also contribute positively to the community as a whole. The corporation's mission is to improve the lives of its intended demographic while simultaneously contributing to the betterment of the community at large.
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Impact
July, 2024
Madraigos Inc's impact is profound in the lives of teenagers and young adults in Woodmere, NY. By establishing and maintaining a broad range of after-school enrichment and recreation programs, Madraigos aims to improve the lives of its participants. Through its activities, the organization provides a sense of love, safety, and security, fostering spiritual enrichment and growth among its members. Additionally, Madraigos offers mentoring services for those in need, further enhancing the support network for young individuals. Overall, Madraigos believes that its programs not only benefit the teenagers and young adults it serves but also contribute positively to the community as a whole.
This information is meant to be a general summary of Madraigos 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 2022.
- Program Service Revenue: $698,400
- Gross Receipts: $2,615,030
Assets and Liabilities:
- Total Assets: $1,158,361
- Total Liabilities: $378,951
- Net Assets: $779,410
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$668,400
ROOM RENTAL
Revenue
$30,000
Organization Details
Founding Year
2006
Phone
(516) 371-3250Principal Officer
Dov Silver
Main Address
936 BROADWAY, WOODMERE, NY, 11598
Website
www.madraigos.orgNTEE Category
Code: O50 - Youth development
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