Overview
What is The Mad Foundation Inc?
The Mad Foundation Inc, based in Brooklyn, New York, is a philanthropic organization that supports Komiteen for MAD Symposium, a charitable entity in Denmark. Their primary purpose is to provide grants, enabling MAD to operate and instigate change in food systems, contribute to the planet's health, and improve the lives of individuals working in the food sector. The Mad Foundation has established an academy to educate leaders in the hospitality industry about sustainability, leadership, and business practices, empowering them to address pressing global issues such as climate change, environment, and health. By fostering a global cooking community with a social consciousness, curiosity, and an appetite for change, the Mad Foundation enables chefs and food system leaders to collaborate and drive innovations in sustainable food practices.
Official website here: www.madfeed.co
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
The Mad Foundation Inc has received an 88% rating from Charity Navigator, which reflects a strong performance in Accountability and Finance. The organization scored particularly well in several areas, including a perfect score for having a majority of independent board members, a well-sized board, and a high program expense ratio of 85.58%. These factors suggest that the foundation effectively channels its resources towards fulfilling its mission.
While the organization's fiscal management appears commendable, there are some limitations worth noting. The absence of a whistleblower policy and a document retention policy are significant gaps in governance, as well as missing tax forms on the nonprofit's website. These shortcomings could impact transparency and accountability, which are essential for donor trust and organizational integrity.
In summary, The Mad Foundation Inc demonstrates solid financial practices and governance structures, but it could enhance its overall score by addressing the noted deficiencies in its policies and documentation. Addressing these areas could further bolster its reputation and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is The Mad Foundation Inc legitimate?
The Mad Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Mad 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: $171,215
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.madfeed.co
What is the mission statement of The Mad Foundation Inc?
The Mad Foundation Inc's mission is centered around fostering a global community of chefs and food system leaders with a social consciousness, curiosity, and desire for change. They aim to address pressing issues such as climate change, the environment, and health through a dynamic network, events, and publications. The foundation supports Komiteen for MAD Symposyum, a charitable organization in Denmark, through various grants. These grants enable MAD to operate and drive change in food systems, contribute to the health of the planet, and improve the lives of those working in the food industry. Furthermore, The Mad Foundation has established an academy to teach sustainability, leadership, and business practices for leaders in the hospitality sector.
Official website here: www.madfeed.co
What is the revenue of The Mad Foundation Inc?
The Mad Foundation Inc's revenue in 2023 was $1,093,555.
Official website here: www.madfeed.co
Who are the executives of The Mad Foundation Inc and what are their salaries?
There 9 volunteers at The Mad Foundation Inc.
Here are 11 key members and their salaries:
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Official website here: www.madfeed.co
Where can I find the form 990 for The Mad Foundation Inc?
The Mad Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.madfeed.co
Learn more at the official website: www.madfeed.co
Mission Statement of The Mad Foundation Inc
The Mad Foundation Inc, a nonprofit organization, dedicatedly works towards fostering a global cooking community with a social conscience, curiosity, and a drive for change. This community of chefs and food system leaders aims to address pressing issues such as climate change, environmental degradation, and health through innovative networking, events, and publications.
The Mad Foundation provides grants to Komiteen for MAD Symposyum, a charitable organization based in Denmark. These grants are instrumental in enabling MAD to drive change in food systems, contribute to the health of the planet, and improve the lives of individuals working within the food industry. Beyond grant support, The Mad Foundation has established an Academy that focuses on educating leaders in the hospitality sector about sustainability, leadership, and business practices. This Academy serves as a platform for fostering change and innovation in the food industry.
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Impact
July, 2024
The Mad Foundation Inc's impact lies in empowering chefs and food system leaders to address pressing global issues such as climate change, environment, and health. Through grants and support provided to MAD, a charitable organization in Denmark, they enable initiatives that drive change in food systems, contribute to the health of the planet, and improve the lives of those working in the food industry. MAD's Academy teaches about sustainability, leadership, and business practices for hospitality leaders, creating a dynamic network focused on positive transformation.
This information is meant to be a general summary of The Mad 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 2023.
- Investment Income: $11,952
- Program Service Revenue: $2,080
- Gross Receipts: $1,093,555
Assets and Liabilities:
- Total Assets: $978,497
- Total Liabilities: $4,520
- Net Assets: $973,977
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRAVEL PROGRAM REVENUE
Revenue
$2,080
Organization Details
Founding Year
2015
Principal Officer
Kelli Hayes
Website
www.madfeed.coNTEE Category
Code: B90 - Education
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