Overview
What is Migdal Foundation Inc?
Migdal Foundation Inc, located in Brooklyn, New York, is a nonprofit organization committed to offering care, support, comfort, and various forms of assistance to individuals with disabilities, not just in the state of New York but also beyond. Their mission encompasses providing essential services and benefits to help these individuals lead more fulfilling lives. The foundation's activities and mission are geared towards ensuring that people with disabilities receive the necessary care and support they require.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star Rating
Migdal Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong focus on Accountability & Finance. The organization scored an impressive 94% in this category, indicating a high level of transparency and effective management of resources.
Key strengths of the Migdal Foundation include its fully independent board, which consists of 10 out of 10 members, and its commitment to ethical practices, as evidenced by policies on conflicts of interest, whistleblowing, and document retention. Additionally, the foundation has no material diversion of assets and maintains an excellent liabilities to assets ratio of 0.00%, demonstrating sound financial health.
However, while the organization has a solid program expense ratio of 80.01%, indicating that a significant portion of its expenses go directly to programs, further insights into its programmatic impact and community feedback could strengthen the overall evaluation. Nevertheless, the current ratings highlight the foundation's commitment to accountability and effective financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Migdal Foundation Inc legitimate?
Migdal Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Migdal 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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What is the mission statement of Migdal Foundation Inc?
The Migdal Foundation Inc is committed to providing services and benefits, encompassing care, support, comfort, and various forms of assistance, to individuals with disabilities beyond the state of New York. Their mission is centered around delivering aid and resources to enhance the lives of these individuals, aiming to provide them with the necessary assistance they require.
Who is the CEO of Migdal Foundation Inc?
Chaim Torn is the President of Migdal Foundation Inc.
What is the revenue of Migdal Foundation Inc?
Migdal Foundation Inc's revenue in 2022 was $15,931.
Who are the executives of Migdal Foundation Inc and what are their salaries?
There 3 volunteers at Migdal 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
Where can I find the form 990 for Migdal Foundation Inc?
Migdal Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Migdal Foundation Inc
Migdal Foundation Inc, a nonprofit organization, is committed to providing services and benefits for the care, support, comfort, and other assistance to individuals with disabilities, not only in New York but also beyond its borders. Their mission is to extend aid and resources to this vulnerable population, ensuring they receive the necessary aid to live with dignity and independence. The foundation's objective is to offer a wide range of supportive services, aiming to enhance the quality of life for people with disabilities, thereby promoting their overall well-being.
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Impact
August, 2024
Migdal Foundation Inc's impact lies in providing essential services and support to individuals with disabilities in the state of New York and beyond. Their commitment to enhancing the care, comfort, and assistance for persons facing challenges due to disabilities is evident in their work. By focusing on human services, Migdal Foundation Inc is making a tangible difference in the lives of vulnerable individuals, ensuring they receive the necessary support to live with dignity and independence.
This information is meant to be a general summary of Migdal 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: $15,931
- Gross Receipts: $15,931
Assets and Liabilities:
- Total Assets: $1,792,608
- Total Liabilities: $0
- Net Assets: $1,792,608
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Organization Details
Founding Year
2013
Phone
(718) 975-5306Principal Officer
Chaim Torn
Main Address
PO BOX 190974, BROOKLYN, NY, 11219
NTEE Category
Code: P12 - Human services
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