Overview
What is Morris County Retirees Education Association Philanthropic Fund Inc?
Morris County Retirees Education Association Philanthropic Fund Inc is a nonprofit organization situated in Randolph, New Jersey, specifically at PLAZA 447 RTE 10 EAST STE 12. Their primary mission is to offer financial assistance in the form of scholarships to students who have completed their education in a Morris County, New Jersey public school. These students are then expected to pursue a career in the field of education by earning a bachelor's degree from an accredited college or university. This philanthropic fund aims to support the growth and development of future educators within the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 73%)
The Morris County Retirees Education Association Philanthropic Fund Inc has received a two-star rating from Charity Navigator, indicating that its performance requires improvement. With an overall score of 73%, the organization demonstrates strengths in areas such as having a fully independent board and a solid liabilities to assets ratio, which suggests financial stability. Additionally, the organization has a high program expense ratio of 100%, showing that it directs all its expenses towards its charitable programs.
However, there are significant weaknesses in governance and transparency aspects. The organization lacks key policies, including a conflict of interest policy, whistleblower policy, and document retention and destruction policy, which are essential for ensuring accountability and trust. Furthermore, the tax form is not posted on the nonprofit's website, which could hinder transparency for potential donors and stakeholders.
Overall, while the Morris County Retirees Education Association Philanthropic Fund Inc displays financial stability and a commitment to its charitable mission, it faces challenges in governance practices that may affect its credibility and operational effectiveness. Addressing these issues could improve its rating and enhance public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Morris County Retirees Education Association Philanthropic Fund Inc legitimate?
Morris County Retirees Education Association Philanthropic Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Morris County Retirees Education Association Philanthropic 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.
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Other Salaries and Wages: $0
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What is the mission statement of Morris County Retirees Education Association Philanthropic Fund Inc?
The Morris County Retirees Education Association Philanthropic Fund Inc has a mission to provide scholarship aid to students who have completed their education at a Morris County, New Jersey public school, and are planning to pursue a career in education by obtaining a bachelor's degree from an accredited college or university. Their primary objective is to support and encourage students in the field of education. The fund aims to contribute to the future of education by assisting individuals who demonstrate potential in this field. This philanthropic initiative is committed to investing in the future educators of society.
Who is the CEO of Morris County Retirees Education Association Philanthropic Fund Inc?
Susan Beekman is the Chairperson of Morris County Retirees Education Association Philanthropic Fund Inc.
What is the revenue of Morris County Retirees Education Association Philanthropic Fund Inc?
Morris County Retirees Education Association Philanthropic Fund Inc's revenue in 2023 was $32,201.
Who are the executives of Morris County Retirees Education Association Philanthropic Fund Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Morris County Retirees Education Association Philanthropic Fund Inc?
Morris County Retirees Education Association Philanthropic Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Morris County Retirees Education Association Philanthropic Fund Inc
Morris County Retirees Education Association Philanthropic Fund Inc is dedicated to supporting students pursuing careers in education. This nonprofit organization aims to provide scholarship aid to individuals who have completed their education at a Morris County, New Jersey public school, and are now preparing to earn a bachelor's degree from an accredited college or university. By offering this financial assistance, Morris County Retirees Education Association Philanthropic Fund Inc is helping to nurture the next generation of educators and contribute to the betterment of the educational system.
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Impact
August, 2024
The Morris County Retirees Education Association Philanthropic Fund Inc's impact is felt in the support it provides to students who have graduated from Morris County, New Jersey public schools and are pursuing a career in education by obtaining a bachelor's degree from an accredited college or university. Through scholarships, this organization helps future educators achieve their academic goals and contribute positively to the field of education. By investing in these students, the fund plays a crucial role in shaping the future of education in the Morris County community.
This information is meant to be a general summary of Morris County Retirees Education Association Philanthropic 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 2023.
- Investment Income: $14,320
- Gross Receipts: $32,201
Assets and Liabilities:
- Total Assets: $563,224
- Total Liabilities: $0
- Net Assets: $563,224
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Organization Details
Founding Year
2015
Phone
(973) 366-0202Principal Officer
Susan Beekman
Main Address
PLAZA 447 RTE 10 EAST STE 12, RANDOLPH, NJ, 07869
NTEE Category
Code: B82 - Education
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