Overview
What is The Gloria Foundation Inc?
The Gloria Foundation Inc, located in Fairfield, New Jersey, operates a consignment shop named Design Consign. This shop serves a unique purpose, contributing to the Foundation's mission to aid victims of domestic violence. Design Consign accepts clothing, accessories, household items, and furniture, both on consignment and as donations, which are then sold at the shop. The revenue generated from sales, along with fundraising activities, is used to provide resources to local safe houses and domestic violence organizations. Furthermore, events are held at the shop to raise additional funds for the Foundation, and furniture and clothing from the shop are also donated to aid victims of domestic violence.
Official website here: www.thegloriafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement) - Score: 62%
The Gloria Foundation Inc has received a two-star rating from Charity Navigator, indicating that it needs improvement in its accountability and finance practices. With a score of 62%, the organization shows strengths in program expenses, indicating that nearly all of its resources are directed towards its mission. However, it lacks independent board members, which raises concerns about governance.
While the organization has established policies for conflicts of interest and whistleblower protection, it falls short in maintaining essential documentation, such as board meeting minutes and a comprehensive document retention policy. Additionally, the absence of its tax form on its website limits transparency for potential donors and stakeholders. These factors contribute to the overall lower rating and highlight areas that need attention for better governance practices.
Despite these challenges, the foundation's excellent program expense ratio suggests a strong commitment to its charitable activities. Addressing the weaknesses in governance and transparency could enhance its credibility and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Gloria Foundation Inc legitimate?
The Gloria Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Gloria 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.thegloriafoundation.org
What is the mission statement of The Gloria Foundation Inc?
The Gloria Foundation Inc's mission is primarily aimed at supporting victims of domestic violence. To accomplish this, they operate a consignment shop named Design Consign. This shop accepts donated items such as clothing, accessories, household items, and furniture, which are then sold. The revenue generated from these sales, along with funds raised through other activities by the Gloria Foundation, is donated to local safe houses and domestic violence organizations. The primary objective of these donations is to help these organizations fulfill their own missions. Additionally, events are held at the consignment shop to raise further revenue for the foundation, and some of the shop's items are also donated directly to victims of domestic violence.
Official website here: www.thegloriafoundation.org
Who is the CEO of The Gloria Foundation Inc?
Karen Arakelian is the President of The Gloria Foundation Inc.
Official website here: www.thegloriafoundation.org
What is the revenue of The Gloria Foundation Inc?
The Gloria Foundation Inc's revenue in 2022 was $14,927.
Official website here: www.thegloriafoundation.org
Who are the executives of The Gloria Foundation Inc and what are their salaries?
There 4 volunteers at The Gloria Foundation Inc.
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.thegloriafoundation.org
Where can I find the form 990 for The Gloria Foundation Inc?
The Gloria Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thegloriafoundation.org
Learn more at the official website: www.thegloriafoundation.org
Mission Statement of The Gloria Foundation Inc
The Gloria Foundation Inc operates with a mission to support victims of domestic violence. Design Consign, a consignment shop owned by the organization, plays a significant role in fulfilling this mission. The shop accepts clothing, accessories, household items, and furniture on both consignment and donation basis, selling them to generate funds. This revenue, along with proceeds from fundraising activities organized by The Gloria Foundation, is then donated to local safe houses and domestic violence organizations. These resources aid these organizations in carrying out their mission to assist victims of domestic violence. Furthermore, events are held at the consignment shop to raise additional funds for the foundation's cause. Additionally, furniture and clothing from Design Consign are donated directly to those affected by domestic violence. Thus, The Gloria Foundation Inc utilizes its consignment shop to indirectly provide aid and support to victims of domestic violence, beyond just monetary donations.
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Impact
August, 2024
The Gloria Foundation Inc's impact lies in providing essential resources and support to victims of domestic violence through its consignment shop, Design Consign. By generating revenue from the sale of donated items and hosting fundraising events, the foundation is able to donate funds to local safe houses and domestic violence organizations. Additionally, furniture and clothing from Design Consign are directly donated to the victims, further aiding their recovery and empowerment. This direct impact contributes to the mission of the Gloria Foundation to support those affected by domestic violence and create a safer community for all.
This information is meant to be a general summary of The Gloria 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: $93
- Program Service Revenue: $294
- Gross Receipts: $14,927
Assets and Liabilities:
- Total Assets: $59,958
- Total Liabilities: $41,889
- Net Assets: $18,069
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSIGNMENT INCOME
Revenue
$294
Organization Details
Founding Year
2013
Phone
(201) 400-0070Principal Officer
Karen Arakelian
Main Address
1221 BLOOMFIELD AVENUE, FAIRFIELD, NJ, 07004
Website
www.thegloriafoundation.orgNTEE Category
Code: P12 - Human services
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