Overview
What is Kent J Riley Charitable Fund Inc?
Kent J Riley Charitable Fund Inc is a nonprofit organization that demonstrates a strong commitment to nurturing the next generation of professionals in the fields of science, technology, engineering, and medicine (STEM), as well as health. They extend their support beyond education by also contributing to local hospice organizations. This dual mission enables the fund to empower future leaders in healthcare while providing comfort and care to individuals in their final stages of life. The Kent J Riley Charitable Fund accomplishes this through offering scholarships to a diverse range of students and making donations to hospice organizations.
Official website here: www.kjrfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating. The Kent J Riley Charitable Fund Inc has received a low rating due to significant deficiencies in accountability and financial transparency. The score indicates that while some structural elements, like board size and asset management, are adequate, there are critical gaps in governance practices.
The organization has not ensured a majority of independent board members, which can lead to potential conflicts of interest, as evidenced by a lack of a conflict of interest policy and other governance measures. Additionally, the absence of a whistleblower policy and a documented retention policy raises concerns about the organization's commitment to transparency and ethical standards.
On a positive note, the organization maintains a favorable liabilities to assets ratio, and it reports document board meeting minutes effectively. However, the low program expense ratio suggests that a smaller portion of their budget is allocated to direct program services, which could hinder their overall impact. Overall, the Kent J Riley Charitable Fund Inc shows potential but requires significant improvements in governance and financial practices to enhance its effectiveness and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Kent J Riley Charitable Fund Inc legitimate?
Kent J Riley Charitable Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kent J Riley Charitable Fund 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
Official website here: www.kjrfund.org
What is the mission statement of Kent J Riley Charitable Fund Inc?
The Kent J Riley Charitable Fund Inc is committed to providing college scholarships for aspiring professionals in the fields of Science, Technology, Engineering, and Medicine (STEM) as well as health. Beyond this, the organization also supports local hospice organizations. By offering scholarships, the fund aims to nurture future leaders in these critical sectors. Simultaneously, its contributions to hospice organizations demonstrate a compassionate approach towards end-of-life care. In essence, the Kent J Riley Charitable Fund Inc plays a dual role in fostering future talent and providing essential care for those in need.
Official website here: www.kjrfund.org
Who is the CEO of Kent J Riley Charitable Fund Inc?
Heather Multhaupt-Riley is the Director of Kent J Riley Charitable Fund Inc.
Official website here: www.kjrfund.org
What is the revenue of Kent J Riley Charitable Fund Inc?
Kent J Riley Charitable Fund Inc's revenue in 2022 was $27,580.
Official website here: www.kjrfund.org
Who are the executives of Kent J Riley Charitable Fund Inc and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.kjrfund.org
Where can I find the form 990 for Kent J Riley Charitable Fund Inc?
Kent J Riley Charitable Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kjrfund.org
Learn more at the official website: www.kjrfund.org
Mission Statement of Kent J Riley Charitable Fund Inc
The Kent J Riley Charitable Fund, a notable nonprofit organization, is dedicated to two primary objectives. Firstly, it offers college scholarships to aspiring professionals in the fields of Science, Technology, Engineering, and Mathematics (STEM) as well as health services. By providing these scholarships, the fund aims to nurture the next generation of professionals in these critical sectors.
Secondly, the Kent J Riley Charitable Fund extends its support to local hospice organizations. This commitment to hospice care reflects the fund's dedication to the well-being of individuals and their families during challenging times. By donating to hospice organizations, the fund contributes to the provision of essential care and services, offering comfort and support during the end stages of life. In essence, the Kent J Riley Charitable Fund's mission is to invest in the future of STEM and health professionals and to provide compassionate care for those in need of hospice services.
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Impact
August, 2024
The Kent J Riley Charitable Fund Inc has a significant impact by providing college scholarships for future STEM and health professionals and supporting local hospice organizations. Through this initiative, the fund is not only helping students pursue their education in critical fields but also contributing to the care and support of individuals in hospice care. Their work is making a positive difference in both education and healthcare sectors, shaping the future of these important fields.
This information is meant to be a general summary of Kent J Riley Charitable Fund 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: $2,331
- Gross Receipts: $55,421
Assets and Liabilities:
- Total Assets: $179,325
- Total Liabilities: $2,000
- Net Assets: $177,325
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Organization Details
Founding Year
2014
Principal Officer
Heather Multhaupt-Riley
Main Address
79 N Hancock St, Lexington, MA, 02421
Website
www.kjrfund.orgNTEE Category
Code: B82 - Education
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