Overview
What is The Center For Family Support Foundation Inc?
The Center For Family Support Foundation Inc is a charitable organization situated in New York City, specifically at 333 SEVENTH AVENUE FL 9. Its primary mission is to provide financial assistance to two related 501(c)(3) organizations, namely The Center for Family Support Inc and The Center for Family Support New Jersey Inc. The Foundation's goal is to offer support and aid to these organizations, thereby contributing to their ongoing efforts and initiatives. The exact nature of these organizations and their services is not explicitly stated in the provided information. However, the Foundation's mission suggests that it aims to contribute financially to organizations focused on family support, potentially in the form of social services, education, or advocacy.
Official website here: www.cfsny.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (57%)
The Center For Family Support Foundation Inc has received a One-Star out of Four Star rating, indicating significant concerns regarding its financial performance and transparency. While the organization boasts an independent board with full marks for structure and policies, its overall accountability and finance score of 57% reflects areas where it is falling short, particularly in financial management and program expenses.
One major limitation is the low program expense ratio of 1.03%, suggesting that a minimal portion of its funds is dedicated to programs that directly support its mission. Additionally, the organization has a concerning liabilities to assets ratio of 6.47%, indicating potential financial instability. Despite having necessary governance policies in place, the absence of tax forms on its website further detracts from its transparency.
Overall, while The Center For Family Support Foundation Inc demonstrates strong organizational governance, the significant financial issues highlighted in its rating raise questions about its effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Center For Family Support Foundation Inc?
86% of 11 reviewers on Facebook recommend The Center For Family Support Foundation Inc. Here's a summary of their insights:
Many individuals express gratitude towards the foundation, highlighting its supportive role in addressing family challenges. Positive sentiments indicate that the organization is perceived as a valuable resource for families in need of assistance, particularly in navigating difficult situations.
However, not all experiences are favorable, as some users have shared their struggles that remain unresolved, alongside feelings of frustration with systemic issues. Overall, it appears that while the nonprofit is appreciated for its mission and commitment to family support, there are calls for further improvements in addressing specific cases.
This AI summary has been generated from reviews found on Facebook.
Is The Center For Family Support Foundation Inc legitimate?
The Center For Family Support Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Center For Family Support 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.cfsny.org
What is the mission statement of The Center For Family Support Foundation Inc?
The Center For Family Support Foundation Inc's mission is to offer financial aid and support to two related 501(C)(3) organizations, specifically the Center for Family Support Inc. and Center for Family Support New Jersey Inc. Their aim is to assist these organizations in carrying out their charitable activities. The Foundation's role is to provide the necessary financial resources to ensure the smooth operation and success of these organizations. In doing so, they contribute to the overall mission of these entities, which is likely focused on family support and well-being.
Official website here: www.cfsny.org
Who is the CEO of The Center For Family Support Foundation Inc?
Steven Vernikoff is the Chief Executive Officer of The Center For Family Support Foundation Inc. The CEO's salary of The Center For Family Support Foundation Inc is $0 and their total compensation is $380,133.
Official website here: www.cfsny.org
What is the revenue of The Center For Family Support Foundation Inc?
The Center For Family Support Foundation Inc's revenue in 2022 was $115,097.
Official website here: www.cfsny.org
Who are the executives of The Center For Family Support Foundation Inc and what are their salaries?
There 8 volunteers at The Center For Family Support Foundation Inc.
Here are 10 key members and their salaries (The Center For Family Support Foundation Inc's CEO's salary is $0 and their total compensation is $380,133):
- Compensation: $0
- Related: $335,272
- Other: $44,861
- Compensation: $0
- Related: $213,370
- Other: $67,372
- 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.cfsny.org
Where can I find the form 990 for The Center For Family Support Foundation Inc?
The Center For Family Support Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfsny.org
Learn more at the official website: www.cfsny.org
Mission Statement of The Center For Family Support Foundation Inc
The Center for Family Support Foundation Inc is committed to providing financial aid and assistance to two related 501(c)(3) organizations: The Center for Family Support Inc and Center for Family Support New Jersey Inc. This foundation's mission is to lend a helping hand in any way possible, leveraging its resources to bolster these organizations' efforts. By offering financial aid, The Center for Family Support Foundation Inc plays a crucial role in supporting the work of these nonprofits, which are dedicated to improving the lives of families in need. The foundation's goal is to strengthen the capacity of these organizations and enable them to continue providing vital services to their communities.
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Impact
October, 2024
The Center For Family Support Foundation Inc. plays a crucial role in enhancing the well-being of individuals and families by providing essential financial aid. Its efforts are directed toward supporting the Center For Family Support, Inc. and Center For Family Support New Jersey, Inc., which are dedicated to serving communities in need. This financial assistance fosters critical programs and services, enabling these organizations to offer the vital support required by families navigating challenges. By ensuring that resources are available, the foundation helps create a more resilient community, empowering families to thrive and access the support they deserve. Its impact extends beyond immediate financial aid, fostering long-term improvements in the lives of those it serves in New York and New Jersey.
This information is meant to be a general summary of The Center For Family Support 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: $152,976
Assets and Liabilities:
- Total Assets: $599,776
- Total Liabilities: $55,542
- Net Assets: $544,234
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Organization Details
Founding Year
2011
Phone
(212) 629-7939Principal Officer
Steven Vernikoff
Main Address
333 SEVENTH AVENUE FL 9, NEW YORK, NY, 10001
Website
www.cfsny.orgNTEE Category
Code: P12 - Human services
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