Overview
What is The Albemarle Foundation Inc?
The Albemarle Foundation Inc is a charitable organization, established with the mission to aid the residents of The Albemarle life care facility who encounter financial difficulties beyond their control. This nonprofit organization provides essential assistance to help these individuals continue residing in the facility, ensuring their well-being and continuity of care. The Foundation's primary objective is to alleviate the financial burden faced by these residents, thereby preserving their quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating. The Albemarle Foundation Inc demonstrates a decent score in terms of accountability and finance, indicating a reasonable level of financial health and transparency. The organization boasts 100% independent board members and has successfully documented board meeting minutes, suggesting strong governance practices.
However, while the foundation has high marks for its program expense ratio and has shown no material diversion of assets, the overall 73% rating reflects certain areas that could be improved. The score indicates that there may be concerns regarding the effectiveness and efficiency of the organization’s operations, even though its governance structure is commendable.
Potential donors and stakeholders may want to consider the foundation’s financial management and operational efficiency before making contributions. Overall, while The Albemarle Foundation Inc has solid governance features, further insights into its programmatic impact and operational outcomes could enhance its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is The Albemarle Foundation Inc legitimate?
The Albemarle Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Albemarle 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
For more financial information, click here
What is the mission statement of The Albemarle Foundation Inc?
The Albemarle Foundation's mission is centered around assisting residents of the Albemarle Life Care Facility who encounter financial difficulties beyond their control. In such circumstances, the foundation strives to provide the necessary support to ensure these individuals can continue residing in the facility. This mission underscores the foundation's commitment to alleviating financial burdens and ensuring residents' continued care. The foundation's efforts contribute to maintaining the residents' quality of life, upholding their dignity, and ensuring they can focus on their well-being, rather than worrying about financial constraints.
Who is the CEO of The Albemarle Foundation Inc?
James C is the Treasurer of The Albemarle Foundation Inc.
What is the revenue of The Albemarle Foundation Inc?
The Albemarle Foundation Inc's revenue in 2022 was $17,368.
Who are the executives of The Albemarle Foundation Inc and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Albemarle Foundation Inc?
The Albemarle Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Albemarle Foundation Inc
The Albemarle Foundation Inc is committed to aiding the residents of the Albemarle Life Care Facility who find themselves unable to meet their financial obligations due to circumstances beyond their control. This nonprofit organization's mission is centered around providing assistance to those in need, ensuring that the residents of the facility continue to receive essential care without facing financial hardships. The Albemarle Foundation Inc stands as a vital support system for these individuals, alleviating the burden of unpaid bills and allowing them to focus on their well-being.
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Impact
August, 2024
The Albemarle Foundation Inc's impact is focused on providing assistance to the residents of The Albemarle Life Care Facility who are unable to pay due to no fault of their own. This assistance helps ensure that these individuals have continued access to housing and care, supporting their well-being and quality of life. By addressing financial barriers to housing, the foundation plays a crucial role in supporting the residents' overall health and stability.
This information is meant to be a general summary of The Albemarle 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 2022.
- Investment Income: $17,368
- Gross Receipts: $17,368
Assets and Liabilities:
- Total Assets: $654,268
- Total Liabilities: $206,196
- Net Assets: $448,072
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Organization Details
Principal Officer
James C
Main Address
PO BOX 519, TARBORO, NC, 27886
NTEE Category
Code: L22I - Housing
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