Overview
What is The Ad Club Foundation Inc?
The Ad Club Foundation Inc, located in Boston, Massachusetts, is a nonprofit organization primarily focused on providing scholarships for students pursuing careers in marketing and media industries. Demonstrating a commitment to diversity, the foundation offers matching funds for summer internships, ensuring that a wide range of students can gain agency experience where such opportunities might otherwise be limited. Additionally, The Ad Club Foundation sponsors events such as the Rosoff Diversity Award show, which honors individuals promoting diverse workplaces in Boston, and the Women's Leadership Forum, which champions leadership development for women in the workplace.
Official website here: www.adclub.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66%, Two-Star out of Four Star rating.
The Ad Club Foundation Inc has received a two-star rating from Charity Navigator, indicating a moderate level of accountability and financial health. With an overall score of 66%, the organization demonstrates strong financial performance, particularly with a program expense ratio of 99.94%, suggesting that nearly all funds are directed towards its programs. The charity also maintains a majority of independent board members, which is a positive aspect of its governance.
However, the organization has notable weaknesses in its governance policies. The absence of crucial policies such as a conflict of interest policy, whistleblower policy, and document retention and destruction policy has contributed to a lower accountability score. These missing elements may raise concerns regarding transparency and risk management within the organization.
Despite its strengths in financial management and program execution, the lack of essential governance practices could hinder The Ad Club Foundation Inc's long-term sustainability and public trust. Potential donors and supporters should consider these factors when evaluating their engagement with the charity.
This AI summary has been generated from information found on Charity Navigator.
Is The Ad Club Foundation Inc legitimate?
The Ad Club Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Ad Club 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
For more financial information, click here
Official website here: www.adclub.org
What is the mission statement of The Ad Club Foundation Inc?
The Ad Club Foundation Inc's mission primarily revolves around fostering diversity in the field of marketing communications. It achieves this by funding scholarship programs for a diverse student body and offering matching funds for summer internships at agencies, thereby providing opportunities that would otherwise be lacking. Additionally, the foundation sponsors the Rosoff Diversity Award show to celebrate individuals who are contributing to diverse workplaces and organizes the Women's Leadership Forum, focusing on promoting leadership among women in the workplace.
Official website here: www.adclub.org
Who is the CEO of The Ad Club Foundation Inc?
Barbara Reilly is the President & Director of The Ad Club Foundation Inc.
Official website here: www.adclub.org
What is the revenue of The Ad Club Foundation Inc?
The Ad Club Foundation Inc's revenue in 2022 was $107,952.
Official website here: www.adclub.org
Who are the executives of The Ad Club Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $352,580
- Other: $11,722
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.adclub.org
Where can I find the form 990 for The Ad Club Foundation Inc?
The Ad Club Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.adclub.org
Learn more at the official website: www.adclub.org
Mission Statement of The Ad Club Foundation Inc
The Ad Club Foundation, a notable organization, is dedicated to funding scholarship programs for a diverse student body pursuing marketing communications. Beyond financial aid, the foundation extends its support by offering matching funds for summer internship programs. This initiative aims to provide opportunities within agencies that may otherwise be unattainable for a diverse student body. Furthermore, The Ad Club Foundation sponsors the Rosoff Diversity Award show, an event that celebrates individuals who excel in fostering diverse workplaces within greater Boston. Additionally, the foundation hosts the Women's Leadership Forum, a platform that focuses on nurturing leadership skills among women in the professional realm. By implementing these initiatives, The Ad Club Foundation plays a significant role in promoting diversity and empowerment within the marketing communications sector.
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Impact
October, 2024
The Ad Club Foundation Inc significantly impacts the marketing communications field by fostering diversity and inclusion through targeted scholarship programs. By funding scholarships for students from varied backgrounds, the foundation opens doors to higher education in marketing and media, ensuring that opportunities are accessible to those who may face barriers otherwise.
Additionally, the foundation supports summer internship programs with matching funds, creating real-world experience for diverse student populations in agencies that might not typically have the resources to offer such opportunities. This initiative directly enhances career readiness and helps to cultivate a more equitable workforce.
The foundation also plays a crucial role in recognizing and celebrating progress in diversity within the industry through the Rosoff Diversity Award show, which honors individuals positively influencing workplace diversity in greater Boston. Furthermore, the Women's Leadership Forum empowers women in leadership roles, addressing gender disparities and promoting female leadership in the workplace.
Overall, The Ad Club Foundation Inc works diligently to nurture a diverse talent pipeline in the marketing communications sector, ultimately contributing to a more inclusive and representative industry.
This information is meant to be a general summary of The Ad Club 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 2022.
- Gross Receipts: $107,952
Assets and Liabilities:
- Total Assets: $14,175
- Total Liabilities: $0
- Net Assets: $14,175
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Organization Details
Founding Year
2004
Phone
(617) 262-1100Principal Officer
Barbara Reilly
Main Address
125 High Street, Boston, MA, 02110
Website
www.adclub.orgNTEE Category
Code: B82 - Education
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