Overview
What is Alma Del Mar Foundation Inc?
Alma Del Mar Foundation Inc is a nonprofit organization based in New Bedford, Massachusetts, specifically at 515 Belleville Avenue. Its primary mission is to raise funds to support the educational goals of Alma Del Mar Charter School, located in the same city. The foundation aims to provide financial assistance to further the school's objectives, contributing to its overall educational development. With this support, the Alma Del Mar Charter School can continue its efforts in delivering quality education to its students.
Official website here: www.almadelmar.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
The Alma Del Mar Foundation Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance in accountability and finance. The organization boasts a fully independent board and demonstrates strong financial oversight, as evidenced by high scores in areas such as the audit and oversight committee and the absence of asset diversion.
However, there are notable weaknesses in the foundation's policies and transparency. Specifically, the lack of a whistleblower policy and document retention/destruction policy raises concerns about governance practices. Additionally, the foundation did not post its tax form on its website, which may hinder transparency for donors and stakeholders. The high program expense ratio suggests effective allocation of funds towards its mission, but the overall financial health is impacted by a high liabilities to assets ratio.
This AI summary has been generated from information found on Charity Navigator.
Is Alma Del Mar Foundation Inc legitimate?
Alma Del Mar Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alma Del Mar 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.almadelmar.com
What is the mission statement of Alma Del Mar Foundation Inc?
The Alma Del Mar Foundation Inc's mission is centered around providing financial aid to support the educational objectives of the Alma Del Mar Charter School, located in an unspecified location. The primary goal of the foundation is to enhance the educational journey for its students. To achieve this, the foundation raises funds to benefit the programs and initiatives of the Alma Del Mar Charter School. By doing so, the foundation aims to contribute to the school's growth and development, ultimately benefiting its students and the wider educational community.
Official website here: www.almadelmar.com
Who is the CEO of Alma Del Mar Foundation Inc?
Taylor Deloach is the Clerk of Alma Del Mar Foundation Inc.
Official website here: www.almadelmar.com
What is the revenue of Alma Del Mar Foundation Inc?
Alma Del Mar Foundation Inc's revenue in 2022 was $2,165,966.
Official website here: www.almadelmar.com
Who are the executives of Alma Del Mar Foundation Inc and what are their salaries?
Here are 8 key members and their salaries:
- 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.almadelmar.com
Where can I find the form 990 for Alma Del Mar Foundation Inc?
Alma Del Mar Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.almadelmar.com
Learn more at the official website: www.almadelmar.com
Mission Statement of Alma Del Mar Foundation Inc
Alma Del Mar Foundation Inc is dedicated to supporting the educational goals of the Alma Del Mar Charter School located in New Bedford, MA. In line with this mission, the foundation raises funds to benefit the programs offered at the school. By providing financial assistance, Alma Del Mar Foundation Inc aims to contribute to the school's overall educational objectives and promote academic success among its students. The foundation's purpose is instrumental in furthering the educational journey of the students at Alma Del Mar Charter School.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Alma Del Mar Foundation Inc's impact is significant in supporting the educational goals of the Alma Del Mar Charter School in New Bedford, MA. Through raising funds and providing financial assistance, the foundation plays a crucial role in benefiting the programs and initiatives of the school. Their focus on education is evident in their mission to further the educational goals of the charter school, ultimately contributing to the betterment of the students and the community.
This information is meant to be a general summary of Alma Del Mar 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.
- Investment Income: $112,341
- Program Service Revenue: $1,543,700
- Gross Receipts: $2,165,966
Assets and Liabilities:
- Total Assets: $35,722,107
- Total Liabilities: $30,154,530
- Net Assets: $5,567,577
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT & FACILITIES INCO
Revenue
$1,543,700
Organization Details
Founding Year
2011
Phone
(774) 206-6827Principal Officer
Taylor Deloach
Main Address
515 BELLEVILLE AVENUE, NEW BEDFORD, MA, 02746
Website
www.almadelmar.comNTEE Category
Code: B11 - Education
If you are a representative of Alma Del Mar Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.