Overview
What is Wilmington Flower Market Inc?
Wilmington Flower Market Inc. is a Delaware-based nonprofit organization, specifically located at PO Box 3525, Greenville, DE 19807. Their primary mission is to enhance the well-being of Delaware's underprivileged children. This is achieved through their annual activities, allowing them to distribute funds for the children's health needs. The organization aims to raise funds by managing and supervising the Wilmington Flower Market and other projects, with the ultimate goal of contributing to the spiritual, moral, and physical welfare of the people of Delaware. The profits from these activities are then donated to local nonprofit agencies to support children in need.
Official website here: www.wilmingtonflowermarket.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, earning a Two-Star out of Four Star rating. This rating indicates that Wilmington Flower Market Inc has room for improvement in its overall accountability and financial practices. While the organization demonstrates strong governance through having a fully independent board and a favorable liabilities to assets ratio, the lack of key policies such as conflict of interest and whistleblower policies raises concerns about transparency and ethical standards.
Strengths of the organization include a high percentage of program expenses, indicating that a significant portion of their funds is directed toward their mission-related activities. Additionally, their board is entirely independent, which enhances governance and reduces potential conflicts of interest. However, the absence of several critical policies and the failure to post documents like their tax form on their website suggests shortcomings in their operational transparency.
While Wilmington Flower Market Inc shows promise in its governance structure and financial management, the lack of certain policies and transparency measures may hinder its reputation and effectiveness. Addressing these issues could improve their rating and strengthen public trust in their operations.
This AI summary has been generated from information found on Charity Navigator.
Is Wilmington Flower Market Inc legitimate?
Wilmington Flower Market Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wilmington Flower Market 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:
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Official website here: www.wilmingtonflowermarket.com
What is the mission statement of Wilmington Flower Market Inc?
The mission of Wilmington Flower Market Inc. is centered around raising funds for charitable purposes, specifically benefiting needy children within the State of Delaware. The organization's primary objective is to organize and manage the Wilmington Flower Market event annually, with all profits being donated to nonprofit agencies. These agencies then utilize the funds to support the spiritual, moral, and physical well-being of the state's residents, particularly children. The organization also aims to promote services that contribute to the betterment of the community's people, aligning with its purpose of enhancing their overall welfare.
Official website here: www.wilmingtonflowermarket.com
What is the revenue of Wilmington Flower Market Inc?
Wilmington Flower Market Inc's revenue in 2024 was $60,416.
Official website here: www.wilmingtonflowermarket.com
Who are the executives of Wilmington Flower Market Inc and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.wilmingtonflowermarket.com
Where can I find the form 990 for Wilmington Flower Market Inc?
Wilmington Flower Market Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.wilmingtonflowermarket.com
Learn more at the official website: www.wilmingtonflowermarket.com
Mission Statement of Wilmington Flower Market Inc
Wilmington Flower Market Inc, a charitable organization, is established with the primary mission of promoting the health and welfare of needy children within Delaware. The organization's purpose is multifaceted, involving the organization, promotion, management, and supervision of the Wilmington Flower Market and other projects as deemed necessary. These initiatives aim to raise funds that will be entirely utilized for charitable purposes within the state.
Beyond fundraising, Wilmington Flower Market Inc is committed to enhancing the spiritual, moral, and physical well-being of Delaware's residents. It strives to render service towards these ends within the state. The organization's ultimate objective is to donate all profits from its annual enterprise to nonprofit agencies operating within Delaware. These agencies will then utilize these funds on behalf of the children of Delaware, thereby directly impacting their lives and contributing to their overall development.
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Impact
August, 2024
Wilmington Flower Market Inc has a significant impact on the health and welfare of needy children in Delaware. Through its fundraising activities, the organization raises funds that are then distributed to various beneficiaries to support the well-being of children in the state. By donating all profits from its annual enterprise to nonprofit agencies that work on behalf of children in Delaware, Wilmington Flower Market Inc plays a vital role in promoting the spiritual, moral, and physical welfare of the community. The organization's mission to provide for the health and welfare of needy children underscores its commitment to making a positive difference in the lives of those in need.
This information is meant to be a general summary of Wilmington Flower Market 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 2024.
- Investment Income: $97
- Gross Receipts: $308,244
Assets and Liabilities:
- Total Assets: $111,782
- Total Liabilities: $0
- Net Assets: $111,782
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Organization Details
Founding Year
1921
Principal Officer
Karin Meis
NTEE Category
Code: E30I - Health
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