Overview
What is Petrino Family Foundation Inc?
The Petrino Family Foundation is a nonprofit organization situated in the Louisville community. Their primary objective is to foster a culture of generosity and unity, inspiring action, driving change, and ultimately, enhancing lives. As part of their mission, they contribute to the j. Brown Foundation, further extending their reach and impact within the community. Their work is centered around empowering families and encouraging a sense of unity, aiming to create a positive impact on local lives.
Official website here: www.petrinofamilyfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Stars (36%)
The Petrino Family Foundation Inc has received a Zero-Star rating, with an overall score of 36%, due to significant concerns in accountability and finance. The rating relies solely on a single beacon score, highlighting weaknesses in several key areas. While the organization has a fully independent board and demonstrates no material diversion of assets, it lacks essential policies such as a conflict of interest policy and a whistleblower policy.
The foundation's financial management is a major concern, as indicated by a program expense ratio of only 11.44%. This suggests that a minimal portion of its funds is directed toward its stated programs, which raises questions about its operational effectiveness. Additionally, the organization reports a liabilities to assets ratio of 0.00%, which may indicate financial stability but requires context to assess its overall health.
Despite having some strengths, such as an independent board and proper documentation of board meeting minutes, the absence of critical governance policies and low program expenditure signal the need for improvement in transparency and financial stewardship. Stakeholders may want to consider these factors when evaluating the foundation's impact and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Petrino Family Foundation Inc legitimate?
Petrino Family Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Petrino 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: $12,584
For more financial information, click here
Official website here: www.petrinofamilyfoundation.org
What is the mission statement of Petrino Family Foundation Inc?
The Petrino Family Foundation's mission is centered around empowering families, encouraging action, fostering change, and enhancing lives within the community. By promoting a culture of giving and unity, the foundation aims to inspire individuals to take action and bring about positive change. This mission is reflected in their activities, such as their donations to organizations like the j. Brown Foundation.
Official website here: www.petrinofamilyfoundation.org
Who is the CEO of Petrino Family Foundation Inc?
Kelsey Petrino Scott is the Secretary of Petrino Family Foundation Inc.
Official website here: www.petrinofamilyfoundation.org
What is the revenue of Petrino Family Foundation Inc?
Petrino Family Foundation Inc's revenue in 2021 was $0.
Official website here: www.petrinofamilyfoundation.org
Who are the executives of Petrino Family Foundation Inc and what are their salaries?
The average compensation at Petrino Family Foundation Inc during 2021 was $6,292. There are 2 employees and 2 volunteers at Petrino Family Foundation Inc.
Here are 15 key members and their salaries:
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Official website here: www.petrinofamilyfoundation.org
Where can I find the form 990 for Petrino Family Foundation Inc?
Petrino Family Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.petrinofamilyfoundation.org
Learn more at the official website: www.petrinofamilyfoundation.org
Mission Statement of Petrino Family Foundation Inc
The Petrino Family Foundation, an organization dedicated to empowering families, embodies a mission of inspiring action, fostering change, and ultimately improving lives within the community. By promoting a culture of giving and unity, this nonprofit strives to make a meaningful impact on the lives of its beneficiaries. Its goal is to inspire individuals to take action, leading to positive change, ultimately enhancing the quality of life for those involved.
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Impact
October, 2024
The Petrino Family Foundation Inc has a significant impact on families in the Louisville community by fostering a culture of giving and unity. Through its mission of inspiring action, creating change, and improving lives, the Foundation actively supports initiatives that uplift and empower local families. One notable program involves donations to the J. Brown Foundation, which further extends its reach and effectiveness in addressing community needs. By promoting collaboration and a spirit of generosity, the Foundation plays a vital role in enhancing the overall well-being of the Louisville community.
This information is meant to be a general summary of Petrino 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 2021.
Assets and Liabilities:
- Total Assets: $17,629
- Total Liabilities: $0
- Net Assets: $17,629
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Organization Details
Founding Year
2014
Phone
(502) 292-5358Principal Officer
Kelsey Petrino Scott
Main Address
9700 PARK PLAZA AVENUE SUITE 208, LOUISVILLE, KY, 40241
NTEE Category
Code: P30 - Human services
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