Overview
What is The Debutante Cotillion And Christmas Ball Inc?
The Debutante Cotillion and Christmas Ball Inc., located in New York City, is a small nonprofit organization with a single employee. Established with a charitable fundraising mission, the organization continues a multi-generational tradition by hosting an annual event known as the Cotillion Ball. The primary objective is to raise funds, which historically have supported the New York Downtown Hospital, now merged with and operating as a division of the New York Presbyterian Hospital. The annual event aims to contribute to the healthcare sector and improve the wellbeing of the community.
What are the reviews and ratings of this charity?
Charity Navigator rating: 31%, Zero-Star out of Four Star rating.
The Debutante Cotillion And Christmas Ball Inc has received a low rating due to significant deficiencies in its financial accountability and transparency. While it scores well on having an independent board, it lacks basic financial documentation, which is crucial for potential donors and stakeholders to assess its financial health. This absence of financial statements and required documents raises concerns about the organization's overall governance.
Strengths of this nonprofit include a fully independent board and the absence of material asset diversion. However, the charity has been marked down for not having a website listed on its tax form, missing key policies like whistleblower and document retention protocols, and a low program expense ratio. This suggests that the funds allocated to actual programs are notably low compared to administrative costs.
Overall, the organization appears to need substantial improvement in its financial practices and governance policies. Potential supporters may want to consider these limitations carefully before contributing, as the lack of transparency could indicate challenges in effective resource allocation and program implementation.
This AI summary has been generated from information found on Charity Navigator.
Is The Debutante Cotillion And Christmas Ball Inc legitimate?
The Debutante Cotillion And Christmas Ball Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Debutante Cotillion And Christmas Ball 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: $103,816
For more financial information, click here
What is the mission statement of The Debutante Cotillion And Christmas Ball Inc?
The Debutante Cotillion and Christmas Ball Inc was established with the purpose of continuing a multi-generational tradition and charitable activities. Their primary aim is to raise funds through annual events, specifically the Cotillion Ball. The collected funds are donated to the New York Downtown Hospital, which later merged into and became a division of the New York Presbyterian Hospital. The organization's mission revolves around supporting this charitable cause.
Who is the CEO of The Debutante Cotillion And Christmas Ball Inc?
Frances Laserson is the President of The Debutante Cotillion And Christmas Ball Inc.
What is the revenue of The Debutante Cotillion And Christmas Ball Inc?
The Debutante Cotillion And Christmas Ball Inc's revenue in 2022 was $1,919,173.
Who are the executives of The Debutante Cotillion And Christmas Ball Inc and what are their salaries?
The average compensation at The Debutante Cotillion And Christmas Ball Inc during 2022 was $103,816. There is 1 employee at The Debutante Cotillion And Christmas Ball Inc.
Here are 5 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Debutante Cotillion And Christmas Ball Inc?
The Debutante Cotillion And Christmas Ball Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Debutante Cotillion And Christmas Ball Inc
The Debutante Cotillion and Christmas Ball Inc was established with the intention of carrying forward a multi-generational tradition and activities, all while raising funds for charitable purposes. Specifically, the organization hosts an annual 'Ball' event, the proceeds of which benefit the New York Downtown Hospital, which later merged into and became a division of the New York Presbyterian Hospital. This annual event serves as a significant fundraising initiative for the organization.
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Impact
July, 2024
The Debutante Cotillion And Christmas Ball Inc's impact can be seen through its dedicated efforts to continue a multi-generational tradition of charitable fundraising. By hosting the annual Cotillion Ball with the goal of raising funds for the New York Downtown Hospital, which is now a division of the New York Presbyterian Hospital, the organization plays a crucial role in supporting healthcare services in the community. Through their fundraising activities, they contribute to improving the quality of healthcare and making a positive difference in the lives of those in need. The organization's commitment to charitable fundraising underscores its significant impact on the healthcare sector in New York City.
This information is meant to be a general summary of The Debutante Cotillion And Christmas Ball 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: $8,283
- Gross Receipts: $1,919,173
Assets and Liabilities:
- Total Assets: $1,359,050
- Total Liabilities: $53,167
- Net Assets: $1,305,883
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Organization Details
Founding Year
2013
Phone
(212) 355-6339Principal Officer
Frances Laserson
Main Address
450 LEXINGTON AVE 4445, NEW YORK, NY, 10163
NTEE Category
Code: E11 - Health
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