Overview
What is Two Brothers Memorial Fund Inc?
Two Brothers Memorial Fund Inc is a nonprofit organization based in Melville, New York, with a mission to positively impact youth and encourage healthy decisions. Established with the intention of providing scholarships, the organization aims to motivate students to stay away from drugs and alcohol, focus on academics, and participate in extracurricular activities such as sports. By distributing funds in the names of Matthew Brian Giannuzzi and Luke Thomas Avolese, the Two Brothers Memorial Fund seeks to support local high school students, thereby contributing to their educational and personal growth.
Official website here: www.twobrothersmemorialfund.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The Two Brothers Memorial Fund Inc has received a 76% rating from Charity Navigator, indicating a generally positive evaluation of their organizational performance in accountability and finance. The rating is based entirely on a single beacon score that emphasizes the charity's financial health and governance practices.
One of the notable strengths of the organization includes having a fully independent board, which contributes to effective governance. The charity also demonstrates excellent financial management with a high program expense ratio of 88.88%, indicating that the majority of its funds are directed toward their mission. Furthermore, they have no issues with asset diversion and maintain a solid liabilities-to-assets ratio of 0.00%.
However, there are areas for improvement. The organization is missing key policies, such as a conflict of interest policy and a whistleblower policy, which are essential for transparency and accountability. Additionally, a document retention and destruction policy is also absent. Addressing these limitations could enhance their governance framework and overall trust among supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Two Brothers Memorial Fund Inc legitimate?
Two Brothers Memorial Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Two Brothers Memorial Fund 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.twobrothersmemorialfund.com
What is the mission statement of Two Brothers Memorial Fund Inc?
Two Brothers Memorial Fund Inc was established with the mission to positively impact youth and encourage healthy decisions. The organization aims to motivate students to abstain from drugs and alcohol, focus on academics, maintain attendance in school, and participate in extracurricular activities such as sports. To achieve this objective, the fund distributes scholarships in the honor of Matthew Brian Giannuzzi and Luke Thomas Avolese, benefiting students from local high schools. This initiative aims to support and encourage young individuals to make positive choices in their lives.
Official website here: www.twobrothersmemorialfund.com
Who is the CEO of Two Brothers Memorial Fund Inc?
Laura Marie Domanico is the Director of Two Brothers Memorial Fund Inc.
Official website here: www.twobrothersmemorialfund.com
What is the revenue of Two Brothers Memorial Fund Inc?
Two Brothers Memorial Fund Inc's revenue in 2022 was $27,385.
Official website here: www.twobrothersmemorialfund.com
Who are the executives of Two Brothers Memorial Fund Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.twobrothersmemorialfund.com
Where can I find the form 990 for Two Brothers Memorial Fund Inc?
Two Brothers Memorial Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.twobrothersmemorialfund.com
Learn more at the official website: www.twobrothersmemorialfund.com
Mission Statement of Two Brothers Memorial Fund Inc
Two Brothers Memorial Fund Inc is established with a mission to positively impact youth and encourage healthy decisions. The organization aims to achieve this by motivating students to abstain from drugs and alcohol, focus on academics, and maintain their attendance in school. Additionally, the fund encourages participation in sports and other extracurricular activities. To realize these objectives, Two Brothers Memorial Fund Inc distributes funds to provide scholarships in the names of Matthew Brian Giannuzzi and Luke Thomas Avolese, benefiting students at local high schools. This initiative seeks to empower young individuals, fostering a conducive environment for their personal and academic growth.
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Impact
August, 2024
Two Brothers Memorial Fund Inc positively impacts youth by encouraging healthy decisions, academic focus, and participation in extracurricular activities. Through fundraising and distributing scholarships in the names of Matthew Brian Giannuzzi and Luke Thomas Avolese, the organization supports students in local high schools. This initiative not only provides financial assistance but also promotes a culture of success and well-being among young individuals.
This information is meant to be a general summary of Two Brothers Memorial Fund 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: $58,843
Assets and Liabilities:
- Total Assets: $30,849
- Total Liabilities: $0
- Net Assets: $30,849
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Organization Details
Principal Officer
Laura Marie Domanico
Main Address
9 JAYNE AVENUE, MELVILLE, NY, 11747
NTEE Category
Code: B82 - Education
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