Overview
What is Maryland School For The Deaf Foundation Inc?
Maryland School For The Deaf Foundation Inc is a nonprofit organization based in Frederick, Maryland. Its primary mission is to raise funds to support the education of students at the Maryland School for the Deaf (MSD), offering scholarships and resources to enhance their learning experience. The foundation actively engages in community involvement to raise awareness about MSD and manages over $1,000,000 in assets derived from charitable donations, bequests, and fundraising events. By acting as a responsible solicitor and prudent manager, the Maryland School For The Deaf Foundation aims to improve the educational opportunities for MSD students.
Official website here: www.msd-foundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, Two-Star out of Four Star rating.
The Maryland School For The Deaf Foundation Inc has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. With a solid Accountability & Finance score of 68%, the organization demonstrates strengths in having a fully independent board and no material diversion of assets. These factors contribute positively to its overall governance structure.
However, there are significant weaknesses in the foundation's policies and transparency. The absence of a conflict of interest policy, whistleblower policy, and document retention and destruction policy has resulted in low scores in these areas. Additionally, the nonprofit has not posted its tax form on its website, which detracts from its transparency and accessibility for stakeholders.
Financially, the organization maintains a low liabilities to assets ratio at 0.06%, which is a positive indicator of financial stability. Its program expense ratio of 63.81% suggests that a majority of funds are allocated towards its intended programs. However, the lack of essential governance policies may raise concerns for potential donors regarding the overall accountability of the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Maryland School For The Deaf Foundation Inc legitimate?
Maryland School For The Deaf Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maryland School For The Deaf 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:
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For more financial information, click here
Official website here: www.msd-foundation.org
What is the mission statement of Maryland School For The Deaf Foundation Inc?
The Maryland School for the Deaf Foundation's mission is to raise funds for scholarships and resources that enhance the educational experiences of its students. The organization seeks to stimulate awareness about the school through community involvement and acts as a responsible solicitor and prudent manager of assets generated through charitable gifts, bequests, and fundraising. Its primary goal is to support the education of students at the Maryland School for the Deaf, fostering their academic growth and success.
Official website here: www.msd-foundation.org
Who is the CEO of Maryland School For The Deaf Foundation Inc?
Patrick Fava is the President of Maryland School For The Deaf Foundation Inc.
Official website here: www.msd-foundation.org
What is the revenue of Maryland School For The Deaf Foundation Inc?
Maryland School For The Deaf Foundation Inc's revenue in 2021 was $166,670.
Official website here: www.msd-foundation.org
Who are the executives of Maryland School For The Deaf Foundation Inc and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.msd-foundation.org
Where can I find the form 990 for Maryland School For The Deaf Foundation Inc?
Maryland School For The Deaf Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.msd-foundation.org
Learn more at the official website: www.msd-foundation.org
Mission Statement of Maryland School For The Deaf Foundation Inc
The Maryland School for the Deaf Foundation's mission is centered around raising funds to enhance the educational experiences of its students at the Maryland School for the Deaf (MSD). This nonprofit organization seeks to stimulate awareness about MSD within the community, acting as a responsible solicitor and prudent manager of assets generated through charitable gifts, bequests, and fundraising events. The primary goal of the Maryland School for the Deaf Foundation is to provide scholarships and resources that contribute to the betterment of MSD students' education. By doing so, the foundation aims to empower these students, enabling them to reach their full potential and succeed in their academic pursuits.
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Impact
October, 2024
Maryland School For The Deaf Foundation Inc significantly enhances the educational experience of students at the Maryland School for the Deaf by raising funds for scholarships and essential resources. This financial support directly aids students, enabling them to access a quality education tailored to their needs.
By engaging in community involvement, the foundation raises awareness about the unique challenges and opportunities faced by deaf students. This outreach fosters a deeper understanding and support for the school within the community, encouraging broader participation in the foundation's initiatives.
With prudent management of over $1,000,000 in assets derived from charitable gifts, bequests, and fundraising efforts, the foundation acts responsibly to ensure that contributions are used effectively to benefit MSD students. Additionally, it sponsors various activities that enrich the students' educational and social experiences, which helps cultivate a more inclusive and well-rounded environment.
In sum, the impact of the Maryland School For The Deaf Foundation Inc is profound, providing vital financial support that enhances educational opportunities, promotes community awareness, and fosters a supportive atmosphere for deaf students in Maryland.
This information is meant to be a general summary of Maryland School For The Deaf 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 2021.
- Investment Income: $113,325
- Gross Receipts: $486,121
Assets and Liabilities:
- Total Assets: $1,870,862
- Total Liabilities: $0
- Net Assets: $1,870,862
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Organization Details
Founding Year
1987
Phone
(301) 788-2880Principal Officer
Patrick Fava
Main Address
PO BOX 636, FREDERICK, MD, 21705
Website
www.msd-foundation.orgNTEE Category
Code: B28 - Education
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