Overview
What is Madruga Foundation Inc?
Madruga Foundation Inc, located at 15 Verbena Ave, Floral Park, NY 11001, is a charitable organization dedicated to alleviating poverty and enhancing living conditions for individuals in need. This New York-based nonprofit provides essential aid, such as food, clothing, and shelter, to those struggling financially. Additionally, it offers referrals to organizations that can assist with employment and housing opportunities. The foundation also strives to foster economic growth opportunities for the community, furthering its mission to uplift and support those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (53%)
The Madruga Foundation Inc has received a low rating of 1 Star from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With an overall score of 53%, the organization exhibits several shortcomings, including a lack of independent board members and missing essential policies such as conflict of interest, whistleblower, and document retention protocols. These factors contribute to a lack of transparency and governance oversight.
On a positive note, the foundation has demonstrated a commitment to program expenses, with a program expense ratio of 100%. This suggests that all of its expenditures are directed towards its programs rather than administrative costs, which could indicate a focus on fulfilling its mission. Additionally, the organization has a favorable liabilities to assets ratio, showcasing sound financial health in that regard.
However, the absence of critical governance documents, including a conflict of interest policy and whistleblower protections, raises red flags about the foundation's operational integrity. Potential donors and stakeholders may want to proceed with caution, considering these governance deficiencies before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Madruga Foundation Inc legitimate?
Madruga Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madruga 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
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What is the mission statement of Madruga Foundation Inc?
The Madruga Foundation Inc's mission is centered around alleviating poverty and enhancing living conditions for individuals in need. They aim to provide essential aid, such as food, clothing, and shelter, to those residing in challenging circumstances. Furthermore, the organization offers referrals to organizations that focus on improving employment opportunities and providing housing solutions. Additionally, the foundation strives to offer guidance and economic growth prospects for the people it serves.
What is the revenue of Madruga Foundation Inc?
Madruga Foundation Inc's revenue in 2023 was $85,029.
Who are the executives of Madruga Foundation Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Madruga Foundation Inc?
Madruga Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Madruga Foundation Inc
Madruga Foundation Inc, as a charitable organization, is committed to making a positive impact in the lives of those living in poverty and in need in New York. Its mission is to ameliorate poverty, improve living conditions, and provide aid to individuals who are lacking essentials such as food, clothing, and shelter. To accomplish this, Madruga Foundation Inc offers various services. It provides individuals with essential items like food, clothing, and shelter. Additionally, the organization refers those in need to organizations that can help improve their employment opportunities and provide housing options. Madruga Foundation Inc's mission extends beyond just offering assistance; it also aims to guide and foster economic growth opportunities for the people of New York. By doing so, the foundation strives to empower those in need and help them build a better life.
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Impact
October, 2024
Madruga Foundation Inc plays a crucial role in addressing poverty and improving living conditions for individuals in New York. By providing vital resources such as food, clothing, and shelter, the organization directly supports those in need and helps enhance their quality of life. The foundation also focuses on offering referrals to organizations that can assist with employment and housing opportunities, making a significant impact on the economic stability of individuals in the community. Furthermore, by promoting guidance and opportunities for economic growth, Madruga Foundation Inc contributes to long-term positive changes in the lives of those it serves, fostering a more resilient and supported population in Floral Park and beyond.
This information is meant to be a general summary of Madruga 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.
- Gross Receipts: $85,029
Assets and Liabilities:
- Total Assets: $3,898
- Total Liabilities: $0
- Net Assets: $3,898
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Organization Details
Founding Year
2015
Principal Officer
Jorge Madruga
NTEE Category
Code: P20 - Human services
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