Overview
What is Maginn Family Foundation?
The Maginn Family Foundation is a charitable organization situated in Omaha, Nebraska, committed to enhancing the local community. Its primary objective is to align with the mission of the Omaha Community Foundation by engaging in or sponsoring philanthropic, educational, or religious initiatives. The foundation extends its support to eligible tax-exempt organizations within the Omaha metropolitan area, making distributions to advance the well-being of the community. The Maginn Family Foundation's mission is a testament to its dedication to contributing positively to the social fabric of Omaha, NE.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
The Maginn Family Foundation has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The overall score of 80% is primarily derived from its high marks in the Accountability & Finance category, which demonstrates responsible financial management and transparency within the organization.
Strengths of the foundation include a fully independent board, with 10 out of 10 points awarded for board independence and size. Additionally, the foundation shows no material diversion of assets and has a robust conflict of interest policy in place. The program expense ratio is particularly impressive at 99.93%, signifying that nearly all funds are directed towards its programs and mission.
While the rating is positive, potential donors should remain aware that the charity's overall score is solely based on the Accountability & Finance aspect. This focus may limit insights into other operational areas such as program effectiveness and community impact, which are not reflected in this rating alone.
This AI summary has been generated from information found on Charity Navigator.
Is Maginn Family Foundation legitimate?
Maginn Family Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maginn Family Foundation 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:
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What is the mission statement of Maginn Family Foundation?
The Maginn Family Foundation assists in fulfilling the mission of the Omaha Community Foundation by engaging in or sponsoring charitable, educational, or religious initiatives that contribute positively to the local community. Their primary objective is to make contributions to eligible tax-exempt organizations located within the Omaha metropolitan area. By supporting these activities, the Maginn Family Foundation aims to positively impact the community it serves.
Who is the CEO of Maginn Family Foundation?
John Maginn is the President of Maginn Family Foundation.
What is the revenue of Maginn Family Foundation?
Maginn Family Foundation's revenue in 2022 was $27,553.
Who are the executives of Maginn Family Foundation and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Maginn Family Foundation?
Maginn Family Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Maginn Family Foundation
The Maginn Family Foundation is committed to upholding the mission of the Omaha Community Foundation. This dedication involves participating in or sponsoring charitable, educational, or religious endeavors that positively impact the community within Omaha. By making distributions to eligible exempt organizations located in the Omaha metropolitan area, the Maginn Family Foundation plays a significant role in enhancing the wellbeing of this community.
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Impact
October, 2024
The Maginn Family Foundation significantly impacts the community of Omaha, Nebraska, by supporting charitable, educational, and religious initiatives. By aligning with the mission of the Omaha Community Foundation, it provides critical financial resources to various qualified organizations throughout the metropolitan area. This support not only enhances the quality of life for residents but also fosters community engagement and development. Through its philanthropic efforts, the foundation plays a vital role in addressing local needs and uplifting the Omaha community.
This information is meant to be a general summary of Maginn Family Foundation. 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: $27,553
- Gross Receipts: $73,021
Assets and Liabilities:
- Total Assets: $801,933
- Total Liabilities: $4,702
- Net Assets: $797,231
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Organization Details
Founding Year
2000
Phone
(402) 342-3458Principal Officer
John Maginn
Main Address
1120 S 101 St 320, Omaha, NE, 68124
NTEE Category
Code: T22 - Philanthropy
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