Overview
What is Philip Begonja Memorial Foundation Inc?
Philip Begonja Memorial Foundation Inc, based in Florham Park, New Jersey, serves as a nonprofit organization dedicated to supporting Bergen Community College through scholarships. The Foundation's primary mission extends beyond education, aiming to grant financial aid to deserving students, contribute to educational institutions, and enhance public parks. Additionally, they showcase their commitment to worthy causes that resonated with the late Philip Begonja during his life. With an address at 19 Parker Court, the organization is actively engaged in making a positive impact through its various initiatives.
Official website here: www.philipsfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
The Philip Begonja Memorial Foundation Inc has received a solid Three-Star rating, reflecting an overall score of 83%. This rating is primarily based on the charity's accountability and finance practices, which are essential indicators of effective management. The organization excels in areas such as having a majority of independent board members and maintaining a strong program expense ratio of 85.41%, showcasing its commitment to funding its programs effectively.
While the foundation demonstrates strengths in several accountability metrics, there are notable areas for improvement. It lacks a whistleblower policy and a document retention and destruction policy, both of which are important for ensuring transparency and governance. Additionally, the tax form is not available on the nonprofit's website, which could affect its accessibility to potential donors and stakeholders seeking financial information.
Overall, the Philip Begonja Memorial Foundation Inc displays a commendable level of accountability and a strong financial profile, making it a reliable option for supporters looking to contribute to its mission. However, addressing the gaps in governance policies and improving the availability of important documents on its website could further enhance its transparency and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Philip Begonja Memorial Foundation Inc legitimate?
Philip Begonja Memorial Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Philip Begonja Memorial 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
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Official website here: www.philipsfund.org
What is the mission statement of Philip Begonja Memorial Foundation Inc?
The Philip Begonja Memorial Foundation Inc. is committed to its primary mission of providing financial aid in the form of educational grants and scholarships to deserving individuals who require such assistance. It also extends grants to educational institutions and contributes towards the enhancement of public parks. Beyond these, the foundation supports various noble causes that resonated with Philip's values during his lifetime, thus encompassing a broader scope of philanthropy.
Official website here: www.philipsfund.org
Who is the CEO of Philip Begonja Memorial Foundation Inc?
William Haemmerle is the Vice President of Philip Begonja Memorial Foundation Inc.
Official website here: www.philipsfund.org
What is the revenue of Philip Begonja Memorial Foundation Inc?
Philip Begonja Memorial Foundation Inc's revenue in 2022 was $40,341.
Official website here: www.philipsfund.org
Who are the executives of Philip Begonja Memorial Foundation Inc and what are their salaries?
There 6 volunteers at Philip Begonja Memorial Foundation Inc.
Here are 5 key members and their salaries:
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Official website here: www.philipsfund.org
Where can I find the form 990 for Philip Begonja Memorial Foundation Inc?
Philip Begonja Memorial Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.philipsfund.org
Learn more at the official website: www.philipsfund.org
Mission Statement of Philip Begonja Memorial Foundation Inc
The Philip Begonja Memorial Foundation Inc is dedicated to fulfilling its primary mission. This mission encompasses three key areas: providing educational grants and scholarships to deserving young individuals in need of financial assistance, awarding grants to educational institutions, and supporting the improvement of public parks. Beyond these core objectives, the Foundation also extends its support to other worthy causes that resonated with the values cherished by Philip Begonja during his lifetime. Through these endeavors, the Philip Begonja Memorial Foundation Inc seeks to make a meaningful impact in various communities.
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Impact
August, 2024
The Philip Begonja Memorial Foundation Inc has a significant impact on the community by awarding educational grants and scholarships to deserving young people in need of financial assistance. Additionally, the Foundation supports educational institutions and public parks, contributing to the overall improvement of these crucial community resources. Through these efforts, the Foundation honors the legacy of Philip Begonja by helping individuals achieve their educational goals and enhancing public spaces for the benefit of all community members.
This information is meant to be a general summary of Philip Begonja Memorial 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: $40,341
Assets and Liabilities:
- Total Assets: $129,765
- Total Liabilities: $0
- Net Assets: $129,765
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Organization Details
Founding Year
2012
Phone
(646) 229-5216Principal Officer
William Haemmerle
Main Address
19 Parker Court, Florham Park, NJ, 07932
Website
www.philipsfund.orgNTEE Category
Code: B82 - Education
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