Overview
What is Millers Island-Edgemere Business Assoc Charities?
Millers Island-Edgemere Business Assoc Charities is a nonprofit organization situated in Fort Howard, Maryland. Their primary objective is to enhance the economic business environment of the Millers Island and Edgemere communities. To achieve this, they provide financial assistance to various charitable organizations from the surrounding area. This support is aimed at uplifting the local community and addressing pressing social needs through these charitable entities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
The Millers Island-Edgemere Business Association Charities has received a One-Star rating from Charity Navigator, indicating significant concerns with its overall accountability and financial health. The score reflects a low program expense ratio of 33.78%, which suggests that a relatively small portion of its expenses directly supports its charitable programs. There are positive aspects, such as full independence of board members and comprehensive conflict of interest, whistleblower, and document retention policies, which demonstrate a commitment to governance and transparency.
However, the charity's financial management raises red flags, particularly highlighted by the 0% score in the liabilities-to-assets ratio. This indicates potential financial instability or ineffective asset management, which can be detrimental to its operational sustainability. Additionally, the absence of the required tax form on its website further detracts from its accountability, representing a breach of expected transparency for nonprofit organizations.
In summary, while the Millers Island-Edgemere Business Association Charities exhibits strengths in governance practices, its low performance in financial metrics and program spending suggests that it may not effectively utilize its resources to achieve its charitable mission. Stakeholders should consider these factors when evaluating the charity’s impact and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Millers Island-Edgemere Business Assoc Charities legitimate?
Millers Island-Edgemere Business Assoc Charities is a legitimate nonprofit organization registered as a 501(c)(3) entity. Millers Island-Edgemere Business Assoc Charities 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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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Millers Island-Edgemere Business Assoc Charities?
The Millers Island-Edgemere Business Assoc Charities has a mission to foster a thriving economic and business environment. One of their primary objectives is to extend financial aid to various charities within their surrounding areas. Their goal is to contribute positively to the communities they serve by providing financial assistance to numerous groups and organizations. This philanthropic organization aims to make a significant impact in the lives of those in need by offering monetary support.
Who is the CEO of Millers Island-Edgemere Business Assoc Charities?
Gary Ewing is the Principal Officer of Millers Island-Edgemere Business Assoc Charities.
What is the revenue of Millers Island-Edgemere Business Assoc Charities?
Millers Island-Edgemere Business Assoc Charities's revenue in 2022 was $24,506.
Who are the executives of Millers Island-Edgemere Business Assoc Charities and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Millers Island-Edgemere Business Assoc Charities?
Millers Island-Edgemere Business Assoc Charities's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Millers Island-Edgemere Business Assoc Charities
Millers Island-Edgemere Business Assoc Charities is an organization with a mission to foster a thriving economic and business environment in the Millers Island and Edgemere communities. Beyond this, the charity extends its reach by providing financial assistance to various charitable organizations within its vicinity. By doing so, Millers Island-Edgemere Business Assoc Charities aims to contribute positively to the local community, supporting a wide range of groups in need. The charity's primary objective is to promote the economic growth of the Millers Island and Edgemere communities while simultaneously helping charitable organizations through financial aid.
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Impact
October, 2024
Millers Island-Edgemere Business Assoc Charities plays a vital role in enhancing the economic landscape of the Millers Island and Edgemere communities. By focusing on promoting local business growth, the organization fosters a thriving economic environment that benefits residents and local entrepreneurs alike.
Additionally, it provides crucial financial assistance to various charities and organizations in the surrounding areas, ensuring that essential services and support reach those in need. This dual approach not only uplifts the local economy but also addresses community needs through charitable contributions, ultimately enriching the quality of life for all residents. The emphasis on education further amplifies its impact, as resources directed towards educational initiatives can empower individuals and strengthen community ties.
This information is meant to be a general summary of Millers Island-Edgemere Business Assoc Charities. 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 2022.
- Investment Income: $53
- Gross Receipts: $24,506
Assets and Liabilities:
- Total Assets: $74,495
- Total Liabilities: $0
- Net Assets: $74,495
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Organization Details
Founding Year
1998
Phone
(410) 284-3030Principal Officer
Gary Ewing
Main Address
PO BOX 26, FORT HOWARD, MD, 21052
NTEE Category
Code: B82 - Education
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