Overview
What is Suny Maritime Foundation Inc?
Suny Maritime Foundation Inc, based in Bronx, New York, primarily functions as a fundraising organization for Suny Maritime College. They solicit and manage private financial support from various sources, such as individuals, corporations, foundations, and other organizations. This funding primarily aids the college by providing scholarships and contributing to its educational objectives. The foundation's mission is to enhance the educational quality of the college, its students, and faculty by leveraging these financial resources.
Official website here: www.see schedule o
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Suny Maritime Foundation Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization's score is derived solely from its accountability and finance beacon, showcasing an excellent commitment to transparency and responsible financial management.
Key strengths include a majority independent board with 78% independent members and a robust financial oversight framework, evidenced by a comprehensive audit and oversight committee. The foundation has no material diversion of assets and maintains a high program expense ratio of 93.73%, indicating that the vast majority of its funds are directed towards its mission. Additionally, its fundraising efficiency is commendable, with minimal costs associated with fundraising efforts.
While the organization exhibits strong financial health and governance practices, it is important for donors to remain aware of the overall impact and effectiveness of its programs. Continued monitoring of program outcomes and community engagement will be essential for demonstrating the long-term benefits of its initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Suny Maritime Foundation Inc legitimate?
Suny Maritime Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Suny Maritime 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
Official website here: www.see schedule o
What is the mission statement of Suny Maritime Foundation Inc?
The Suny Maritime Foundation Inc serves as the primary organization responsible for raising and managing private financial support for Suny Maritime College. This financial assistance aids the college in achieving its mission and vision while enhancing the educational quality for students and faculty. The foundation accomplishes this by soliciting, accepting, and managing contributions from individuals, corporations, foundations, and other organizations. The gathered funds are then utilized to provide scholarships and further the educational objectives of the college.
Official website here: www.see schedule o
Who is the CEO of Suny Maritime Foundation Inc?
Roxanne Thompson is the Executive Director of Suny Maritime Foundation Inc.
Official website here: www.see schedule o
What is the revenue of Suny Maritime Foundation Inc?
Suny Maritime Foundation Inc's revenue in 2022 was $3,117,030.
Official website here: www.see schedule o
Who are the executives of Suny Maritime Foundation Inc and what are their salaries?
There 8 volunteers at Suny Maritime Foundation Inc.
Here are 12 key members and their salaries:
- Compensation: $0
- Related: $51,535
- Other: $32,298
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- Related: $260,025
- Other: $0
- Compensation: $0
- Related: $141,810
- Other: $26,095
- Compensation: $0
- Related: $162,714
- Other: $16,271
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.see schedule o
Where can I find the form 990 for Suny Maritime Foundation Inc?
Suny Maritime Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.see schedule o
Learn more at the official website: www.see schedule o
Mission Statement of Suny Maritime Foundation Inc
The Suny Maritime Foundation Inc, serving as the primary organization, is committed to raising and managing private financial support for Suny Maritime College. This mission aims to bolster the college's mission and vision, enriching the educational quality for both students and faculty. The foundation accomplishes this mission by soliciting, accepting, and managing financial contributions from various entities, such as individuals, corporations, foundations, and other organizations. These funds are then utilized to provide scholarships and further the academic objectives of the college. By doing so, the Suny Maritime Foundation Inc plays a vital role in supporting the college's financial needs and contributing to the success of its students and faculty.
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Impact
July, 2024
Suny Maritime Foundation Inc's impact lies in its ability to provide critical financial support to Suny Maritime College. By managing private funding from individuals, corporations, foundations, and other organizations, the foundation is able to offer scholarships and contribute to the educational objectives of the college. This support not only helps the college achieve its mission and vision but also enriches the educational quality for students and faculty. The foundation's efforts have a direct and tangible impact on the advancement of education and opportunities at Suny Maritime College.
This information is meant to be a general summary of Suny Maritime 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 2022.
- Investment Income: $279,852
- Gross Receipts: $5,203,540
Assets and Liabilities:
- Total Assets: $12,907,558
- Total Liabilities: $24,747
- Net Assets: $12,882,811
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Organization Details
Founding Year
2015
Phone
(718) 409-5475Principal Officer
Roxanne Thompson
Main Address
6 PENNYFIELD AVENUE, BRONX, NY, 10465
Website
www.see schedule oNTEE Category
Code: B11 - Education
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