Overview
What is Fund For Cape May Inc?
Fund for Cape May Inc is a nonprofit organization situated in Cape May, New Jersey, specifically at 29 Perry Street. Their primary focus is the beautification of public spaces, such as Rotary Park, within their local community. This endeavor is part of a larger mission to preserve the area and inspire active citizenship in youth through educational programs. The organization collaborates with various municipal, public, and non-profit entities to accomplish its goals, aiming to enhance the overall aesthetic and community engagement in Cape May.
Official website here: www.fundforcm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61% (Two-Star out of Four Star rating)
Fund For Cape May Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in certain areas of accountability and finance. While the organization boasts a perfect score for having a majority of independent board members and a solid program expense ratio, some critical policies, such as a conflict of interest policy and a whistleblower policy, are missing, which may raise concerns about transparency and governance.
The organization demonstrates strong program expense management, with 98.24% of its expenses directed towards its programs. However, the liabilities to assets ratio is notably high at 754.94%, which could suggest potential financial instability. This aspect, coupled with the absence of key organizational policies, highlights significant areas that require attention for improving overall effectiveness and accountability.
Despite its strengths in board independence and financial management of program expenses, the lack of essential governance policies and the concerning financial ratio suggest that Fund For Cape May Inc faces challenges that need to be addressed to enhance its credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Fund For Cape May Inc legitimate?
Fund For Cape May Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fund For Cape May 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.
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Official website here: www.fundforcm.org
What is the mission statement of Fund For Cape May Inc?
The mission of Fund For Cape May Inc, in simpler terms, is dedicated to enhancing and preserving the community for its youth. This is achieved through beautification projects, specifically focusing on Rotary Park, and by collaborating with various organizations. Their objective also includes providing educational programs that inspire active citizenship among the youth. By doing so, they aim to contribute positively to the community's overall development. The organization's activities include receiving and utilizing donations for the beautification of Rotary Park in Cape May, New Jersey.
Official website here: www.fundforcm.org
Who is the CEO of Fund For Cape May Inc?
Curtis J Bashaw is the Board Member of Fund For Cape May Inc.
Official website here: www.fundforcm.org
What is the revenue of Fund For Cape May Inc?
Fund For Cape May Inc's revenue in 2021 was $37,669.
Official website here: www.fundforcm.org
Who are the executives of Fund For Cape May Inc and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.fundforcm.org
Where can I find the form 990 for Fund For Cape May Inc?
Fund For Cape May Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.fundforcm.org
Learn more at the official website: www.fundforcm.org
Mission Statement of Fund For Cape May Inc
The Fund for Cape May Inc, with a focus on Cape Island communities, is dedicated to promoting beautification and preservation efforts. Its mission is multifaceted, involving the enhancement of public spaces and the provision of educational programs that foster active citizenship among the youth. The organization begins its initiatives by revitalizing Rotary Park, collaborating with various municipal, public, and non-profit entities to accomplish these objectives. By doing so, the Fund for Cape May Inc aims to contribute positively to its community, encouraging the involvement and growth of its younger generation.
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Impact
August, 2024
Fund For Cape May Inc's impact is felt directly in the Cape Island communities through beautification projects, preservation efforts, and educational programs that promote active citizenship among the youth. Specifically, donations received by the fund are strategically used for the beautification of Rotary Park in Cape May, NJ. By focusing on enhancing the aesthetic appeal of public spaces and fostering a sense of civic engagement, Fund For Cape May Inc contributes to creating a more vibrant and inclusive community for residents and visitors alike.
This information is meant to be a general summary of Fund For Cape May 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.
- Investment Income: $8
- Gross Receipts: $37,669
Assets and Liabilities:
- Total Assets: $11,262
- Total Liabilities: $10,021
- Net Assets: $1,241
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Organization Details
Founding Year
2014
Phone
(609) 884-9300Principal Officer
Curtis J Bashaw
Main Address
29 PERRY STREET, CAPE MAY, NJ, 08204
Website
www.fundforcm.orgNTEE Category
Code: N32 - Recreation
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