Overview
What is Michael P Nosco Foundation Inc?
Michael P Nosco Foundation Inc is a nonprofit organization located in Newbury Park, California. Their primary mission is to offer financial assistance to families and individuals grappling with life-threatening illnesses within the Southern California community. Based on the applications received and adhering to their established criteria, they provide support to ten individuals annually, addressing their critical medical needs. The foundation's objective is to alleviate some of the financial burdens associated with such illnesses, thereby aiding in their recovery process.
Official website here: www.mikenosco.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43% (Zero-Star out of Four Star rating)
The Michael P Nosco Foundation Inc has earned a low rating of 43%, reflecting significant concerns regarding its accountability and financial health. The rating is derived solely from its performance in the Accountability & Finance beacon, which highlights certain strengths such as having a fully independent board and no material diversion of assets. These aspects contribute positively to the foundation's governance structure.
However, the organization faces critical limitations, particularly in its financial management and transparency. With a program expense ratio of only 20.07%, the foundation allocates a minimal portion of its budget to its programs. Additionally, it has missing policies regarding whistleblower protection and document retention, which could raise concerns about its operational transparency.
Overall, while the Michael P Nosco Foundation Inc demonstrates strong governance features, its low financial efficiency and lack of certain critical policies suggest areas for improvement. Stakeholders and potential donors may want to consider these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Michael P Nosco Foundation Inc legitimate?
Michael P Nosco Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Michael P Nosco 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.mikenosco.com
What is the mission statement of Michael P Nosco Foundation Inc?
The Michael P Nosco Foundation Inc's mission is centered around providing financial aid to families and individuals battling life-threatening illnesses in various communities across Southern California. Their primary objective is to offer financial relief during these challenging times. The foundation reviews applications based on predefined criteria to identify those in most need. In 2022, ten beneficiaries received assistance to cover essential medical needs and care.
Official website here: www.mikenosco.com
Who is the CEO of Michael P Nosco Foundation Inc?
Jack Nosco is the President of Michael P Nosco Foundation Inc.
Official website here: www.mikenosco.com
What is the revenue of Michael P Nosco Foundation Inc?
Michael P Nosco Foundation Inc's revenue in 2022 was $179,485.
Official website here: www.mikenosco.com
Who are the executives of Michael P Nosco Foundation Inc and what are their salaries?
There 50 volunteers at Michael P Nosco Foundation Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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Official website here: www.mikenosco.com
Where can I find the form 990 for Michael P Nosco Foundation Inc?
Michael P Nosco Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mikenosco.com
Learn more at the official website: www.mikenosco.com
Mission Statement of Michael P Nosco Foundation Inc
The Michael P Nosco Foundation Inc is committed to providing financial aid to families and individuals who are battling life-threatening illnesses within Southern California communities. Their mission is centered around offering monetary relief, aiding those in need with essential medical necessities during their challenging times. In 2022, the foundation approved assistance for ten applicants, demonstrating their dedication to making a tangible impact in the lives of those affected by severe illnesses.
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Impact
October, 2024
Michael P Nosco Foundation Inc has made a significant impact in Southern California by providing crucial financial relief to families and individuals facing life-threatening illnesses. The organization actively supports those afflicted with cancer and other devastating health challenges, ensuring they have access to the care and resources they desperately need.
In 2022, the foundation assisted ten families or individuals by addressing their financial burdens related to medical care and necessities, demonstrating a commitment to alleviating the stress that accompanies serious health crises. By evaluating applications against established need-based criteria, the foundation ensures that assistance is targeted where it is most needed, making a tangible difference in the lives of those it serves.
Located in Newbury Park, CA, the foundation's mission centers on delivering compassionate support and financial aid to those in dire situations, fostering a sense of community and hope in the face of adversity. Its work not only provides immediate relief but also serves to uplift the spirits of those grappling with the challenges of severe illness, contributing to a more supportive environment for families in the region.
This information is meant to be a general summary of Michael P Nosco 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: $3
- Gross Receipts: $184,790
Assets and Liabilities:
- Total Assets: $34,495
- Total Liabilities: $0
- Net Assets: $34,495
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Organization Details
Founding Year
2011
Phone
(805) 499-7056Principal Officer
Jack Nosco
Main Address
3248 HANOVER CT, NEWBURY PARK, CA, 913205428
Website
www.mikenosco.comNTEE Category
Code: P20 - Human services
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