Overview
What is Cassar Family Foundation?
The Cassar Family Foundation is a philanthropic organization, established as a not-for-profit entity, situated in Thousand Oaks, California (91361). Their mission is multifaceted, encompassing support for various charitable causes. They primarily focus on promoting education, fostering scientific research, and providing care for the sick and elderly. Additionally, they are committed to preventing cruelty towards children and animals. Their activities involve making donations and grants to eligible 501(c)(3) organizations, thereby contributing to their mission and objectives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (60%, Two-Star out of Four Star rating)
The Cassar Family Foundation has received a rating of "Needs Improvement" from Charity Navigator, indicating that while it scores well in Accountability & Finance with a perfect score of 100%, there are significant concerns regarding its governance and transparency practices. The organization has a strong independent board composition, but it lacks adequate board size and has not displayed essential policies such as conflict of interest, whistleblower, and document retention on its website.
The foundation's financial health appears solid, evidenced by a favorable liabilities to assets ratio and program expense ratio. However, the absence of a public-facing website with basic documents raises questions about its commitment to transparency and accountability. The lack of compliance with several governance standards may hinder the foundation's potential to build trust with donors and the public.
Overall, while the Cassar Family Foundation demonstrates financial stability and an independent board, serious gaps in governance and transparency policies suggest that it needs to improve its practices to enhance credibility and foster donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Cassar Family Foundation legitimate?
Cassar Family Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cassar Family Foundation 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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What is the mission statement of Cassar Family Foundation?
The Cassar Family Foundation is a not-for-profit organization committed to assisting charitable entities. Its primary focus areas include promoting education, funding scientific research, providing care for the sick and elderly, and preventing cruelty towards children and animals. The foundation aids these organizations by offering donations and grants to numerous 501(C)(3) entities. In essence, the Cassar Family Foundation is dedicated to supporting and aiding charitable organizations in their various endeavors to better society.
Who is the CEO of Cassar Family Foundation?
Don Gormley is the Trustee of Cassar Family Foundation.
What is the revenue of Cassar Family Foundation?
Cassar Family Foundation's revenue in 2022 was $125,000.
Who are the executives of Cassar Family Foundation 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
Where can I find the form 990 for Cassar Family Foundation?
Cassar Family Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cassar Family Foundation
The Cassar Family Foundation is a not-for-profit organization committed to lending a helping hand to individuals and organizations working towards promoting education, health, public safety, and human welfare. This philanthropic entity is dedicated to aiding and assisting charitable organizations, such as those promoting education, conducting scientific research, providing care for the sick and elderly, and preventing cruelty to children and animals. The foundation achieves this by extending donations and grants to various 501(C)(3) organizations. By supporting these initiatives, the Cassar Family Foundation plays a significant role in contributing to the betterment of society and addressing pressing societal concerns.
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Impact
October, 2024
The Cassar Family Foundation makes a significant impact by providing vital funding to various organizations that focus on improving education, health, public safety, and human welfare. By offering donations and grants to 501(c)(3) organizations, it supports a wide range of initiatives, including scientific research, care for the sick and elderly, and the prevention of cruelty to children and animals. Operating from Thousand Oaks, CA, the foundation is dedicated to strengthening communities through its philanthropy, fostering positive change and enhancing the quality of life for individuals and families in need.
This information is meant to be a general summary of Cassar Family Foundation. 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: $125,000
Assets and Liabilities:
- Total Assets: $84,284
- Total Liabilities: $0
- Net Assets: $84,284
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Organization Details
Founding Year
2012
Phone
(805) 744-4166Principal Officer
Don Gormley
Main Address
1750 HIDDEN VALLEY ROAD, THOUSAND OAKS, CA, 91361
NTEE Category
Code: T30 - Philanthropy
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