Overview
What is The Sephardic Food Fund Inc C/O Middlegate Securities?
The Sephardic Food Fund Inc C/O Middlegate Securities is a charitable nonprofit organization situated in New York City, specifically at 8 WEST 40TH ST FL 4. Their primary objective is to collect and manage funds for philanthropic purposes, primarily focusing on providing food assistance to families in need. They achieve this by issuing credit cards with a predetermined monthly balance, exclusively for purchasing food and basic necessities at authorized retailers. The organization employs a team of seven individuals, devoted to fulfilling their mission.
Official website here: www.thesff.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 82% (Three-Star out of Four Star rating)
The Sephardic Food Fund Inc has earned a commendable Three-Star rating on Charity Navigator, reflecting strong performance in accountability and finance metrics. The charity’s overall score is based solely on its Accountability & Finance score, which stands at 82%. This indicates a solid reputation for financial management and transparency, essential for donor confidence.
One of the organization’s notable strengths is its high program expense ratio of 96.30%, suggesting that a significant majority of its funds are directed towards its mission-related activities. Additionally, the charity has an excellent track record of financial oversight, demonstrated by a perfect score in areas such as independent board membership and the management of financial statements.
However, while the organization showcases impressive financial health with a liabilities to assets ratio of 0.00% and a fundraising efficiency ratio of only $0.02, the overall score indicates there may be areas for growth in other operational aspects that are not highlighted. Overall, The Sephardic Food Fund Inc demonstrates a commitment to accountability and effective resource use, positioning it as a trustworthy nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is The Sephardic Food Fund Inc C/O Middlegate Securities legitimate?
The Sephardic Food Fund Inc C/O Middlegate Securities is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Sephardic Food Fund Inc C/O Middlegate Securities 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: $275,608
Professional Fundraising Fees: $0
Other Salaries and Wages: $137,138
For more financial information, click here
Official website here: www.thesff.org
What is the mission statement of The Sephardic Food Fund Inc C/O Middlegate Securities?
The organization, The Sephardic Food Fund Inc C/O Middlegate Securities, is committed to receiving and maintaining funds for charitable purposes. A significant portion of these funds is allocated towards providing food assistance to those in need. To accomplish this mission, the organization issues credit cards with predetermined monthly balances, which can be utilized exclusively at food stores, enabling needy families to purchase essentials such as food and basic necessities.
Official website here: www.thesff.org
Who is the CEO of The Sephardic Food Fund Inc C/O Middlegate Securities?
Elliot Sutton is the Executive Director of The Sephardic Food Fund Inc C/O Middlegate Securities.
Official website here: www.thesff.org
What is the revenue of The Sephardic Food Fund Inc C/O Middlegate Securities?
The Sephardic Food Fund Inc C/O Middlegate Securities's revenue in 2022 was $4,924,279.
Official website here: www.thesff.org
Who are the executives of The Sephardic Food Fund Inc C/O Middlegate Securities and what are their salaries?
The average compensation at The Sephardic Food Fund Inc C/O Middlegate Securities during 2022 was $58,964. There are 7 employees at The Sephardic Food Fund Inc C/O Middlegate Securities.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $185,608
- Related: $0
- Other: $90,000
Official website here: www.thesff.org
Where can I find the form 990 for The Sephardic Food Fund Inc C/O Middlegate Securities?
The Sephardic Food Fund Inc C/O Middlegate Securities's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thesff.org
Learn more at the official website: www.thesff.org
Mission Statement of The Sephardic Food Fund Inc C/O Middlegate Securities
The Sephardic Food Fund Inc C/O Middlegate Securities is a charitable organization with a mission to collect and manage funds for benevolent purposes. At its core, this mission involves providing food and basic necessities to families in need. To accomplish this, the organization issues credit cards to eligible families, each card having a predetermined monthly balance that can only be used at food stores. This innovative approach allows the Sephardic Food Fund Inc C/O Middlegate Securities to assist those struggling financially in procuring essential items, thereby alleviating some of their hardships.
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Impact
July, 2024
The Sephardic Food Fund Inc, operating through Middlegate Securities, directly impacts the needy by providing them with a practical solution to access food and basic necessities. Through the provision of credit cards with preloaded monthly balances, this initiative ensures that struggling families can purchase essential items from designated food stores. This targeted approach helps alleviate food insecurity and provides tangible support to those facing financial hardship.
This information is meant to be a general summary of The Sephardic Food Fund Inc C/O Middlegate Securities. 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: $37,681
- Gross Receipts: $4,946,099
Assets and Liabilities:
- Total Assets: $3,104,180
- Total Liabilities: $0
- Net Assets: $3,104,180
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Organization Details
Founding Year
2003
Phone
(212) 382-9500Principal Officer
Elliot Sutton
Main Address
8 WEST 40TH ST FL 4, NEW YORK, NY, 10018
Website
www.thesff.orgNTEE Category
Code: K31 - Food
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