Overview
What is Macadoo Family Foundation Inc?
The Macadoo Family Foundation Inc, situated in Baltimore, Maryland, serves as a grant-making entity. Its primary objective is to advance the charitable, educational, and religious pursuits of the Associated: Jewish Community Federation of Baltimore, Inc. (The Associated). The foundation accomplishes this mission by providing financial assistance to public charitable organizations, thereby contributing to their collective goals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The Macadoo Family Foundation Inc has received a low rating of 53%, which indicates concerns regarding its accountability and financial practices. The foundation has failed to meet several governance standards, as evidenced by the lack of independent board members and the absence of key policies such as conflict of interest and whistleblower protections. Additionally, the foundation does not provide access to its tax forms on its website, which is an important transparency measure.
Despite these weaknesses, the foundation has demonstrated a strong program expense ratio, indicating that the majority of its funding is directed towards its programs rather than administrative costs. Furthermore, the organization's liabilities to assets ratio is solid, suggesting that it is financially stable in that aspect. However, the overall lack of governance and transparency could raise red flags for potential donors and stakeholders.
In summary, the Macadoo Family Foundation Inc has significant areas for improvement regarding accountability and governance. While it manages its financial ratios well, the absence of independent oversight and critical policies may deter support from those prioritizing transparency and ethical management in nonprofits.
This AI summary has been generated from information found on Charity Navigator.
Is Macadoo Family Foundation Inc legitimate?
Macadoo Family Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Macadoo Family 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
What is the mission statement of Macadoo Family Foundation Inc?
The Macadoo Family Foundation Inc. was established with the purpose of supporting charitable, educational, and religious causes. It accomplishes this by providing grants to public charitable organizations, aligning with the mission of its associated entity, the Jewish Community Federation of Baltimore Inc. The grants given by the foundation aim to advance the work of these organizations and contribute to their overall objectives.
Who is the CEO of Macadoo Family Foundation Inc?
Marc B Terrill is the President And Public Director of Macadoo Family Foundation Inc.
What is the revenue of Macadoo Family Foundation Inc?
Macadoo Family Foundation Inc's revenue in 2023 was $80,945.
Who are the executives of Macadoo Family Foundation Inc and what are their salaries?
There 2 volunteers at Macadoo Family Foundation Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $841,681
- Other: $45,897
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $253,852
- Other: $12,123
- Compensation: $0
- Related: $197,832
- Other: $8,840
Where can I find the form 990 for Macadoo Family Foundation Inc?
Macadoo Family Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Macadoo Family Foundation Inc
The Macadoo Family Foundation Inc, established with the objective to carry out charitable, educational, and religious purposes, serves as a grant-making entity in line with the mission of the Jewish Community Federation of Baltimore, Inc. (The Associated). The foundation's primary role is to provide financial support to public charitable organizations, helping them advance and further the goals set by The Associated. By doing so, the Macadoo Family Foundation Inc plays a crucial part in contributing to the betterment of various communities and causes aligned with its associated organization's mission. The foundation's activities focus on utilizing its resources to foster growth and development among public charitable organizations, ultimately working towards the betterment of society as a whole.
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Impact
October, 2024
The Macadoo Family Foundation Inc significantly contributes to the strengthening of community and social services in Baltimore through its dedicated support of charitable, educational, and religious endeavors. By providing grants to public organizations, it plays a vital role in advancing the mission of the Associated: Jewish Community Federation of Baltimore, Inc. Its efforts help promote a wide range of initiatives that enhance quality of life, support educational programs, and foster religious engagement within the community. Through these actions, the foundation impacts individuals and families, ultimately enriching the cultural and social fabric of the region.
This information is meant to be a general summary of Macadoo Family 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 2023.
- Investment Income: $30,945
- Gross Receipts: $80,945
Assets and Liabilities:
- Total Assets: $951,235
- Total Liabilities: $0
- Net Assets: $951,235
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Organization Details
Founding Year
2013
Phone
(410) 727-4828Principal Officer
Marc B Terrill
Main Address
101 WEST MOUNT ROYAL AVENUE, BALTIMORE, MD, 21201
NTEE Category
Code: T11 - Philanthropy
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