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Admirals Cove Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 593786373 ✦ Jupiter, FL ✦ Designated as a 501(c)(3)

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Overview

What is Admirals Cove Foundation Inc?

Admirals Cove Foundation Inc is a philanthropic organization based in Jupiter, Florida, primarily supported by the generosity of its members during annual giving campaigns. The foundation's primary focus is on providing grants solely within Palm Beach County, specifically in the areas of education, health, and social services. By collaborating with various local nonprofit organizations, Admirals Cove Foundation aims to make a significant impact on the lives of individuals and families in the community, embodying a culture of giving and prioritizing support for the most vulnerable populations. With a small team of two dedicated individuals, the foundation is committed to enhancing the well-being of Palm Beach County residents through its philanthropic efforts.


Official website here: www.admiralscovefoundation.org

What are the reviews and ratings of this charity?

93%

Admirals Cove Foundation Inc has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, highlighting its strong performance across various metrics. The organization's accountability and finance score of 87 is complemented by exceptional scores in impact and measurement (99) and leadership and adaptability (100), indicating a well-managed and effective nonprofit focused on making a significant impact in the community.

Strengths of the foundation include its high program expense ratio of 97.22%, which demonstrates a commitment to using funds effectively for its mission. Additionally, the organization benefits from a fully independent board, extensive feedback mechanisms, and robust policies regarding conflict of interest and whistleblowing. These attributes suggest a transparent and responsible governance structure that prioritizes community involvement and accountability.

While the foundation exhibits numerous strengths, one area to note is the potential for improvement in its accountability and finance score, which, despite being strong, is lower than its other performance metrics. Overall, Admirals Cove Foundation Inc appears to be a reliable and impactful organization, dedicated to fostering a culture of giving within its community.


This AI summary has been generated from information found on Charity Navigator.

Is Admirals Cove Foundation Inc legitimate?

Admirals Cove Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Admirals Cove 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: $108,501

For more financial information, click here


Official website here: www.admiralscovefoundation.org

What is the mission statement of Admirals Cove Foundation Inc?

The Admirals Cove Foundation is a community philanthropic organization, primarily supported by the residents of the Club at Admirals Cove. Their mission is to enhance lives by fostering a culture of giving. The foundation focuses on addressing the needs of the most vulnerable individuals in Palm Beach County by providing financial assistance to local nonprofit organizations. Their philanthropic efforts are made possible through the generous contributions of their members during the annual giving campaign. The foundation's grants are exclusively allocated in Palm Beach County, primarily in the sectors of education, health, and social services. The foundation and its volunteer committees collaborate with various organizations that significantly impact the lives of individuals and families in the area.


Official website here: www.admiralscovefoundation.org

Who is the CEO of Admirals Cove Foundation Inc?

Eric Becker is the President of Admirals Cove Foundation Inc.


Official website here: www.admiralscovefoundation.org

What is the revenue of Admirals Cove Foundation Inc?

Admirals Cove Foundation Inc's revenue in 2023 was $3,228,168.


Official website here: www.admiralscovefoundation.org

Who are the executives of Admirals Cove Foundation Inc and what are their salaries?

The average compensation at Admirals Cove Foundation Inc during 2023 was $54,250. There are 2 employees and 72 volunteers at Admirals Cove Foundation Inc.


Here are 9 key members and their salaries:


Eric Becker (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suzanne Carroll (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Margot Lessans (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jill Riehl (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Ezrine (Assistant Tr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Kahn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Mccart (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Erica Scherzer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Altman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.admiralscovefoundation.org

Where can I find the form 990 for Admirals Cove Foundation Inc?

Admirals Cove Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.admiralscovefoundation.org

Learn more at the official website: www.admiralscovefoundation.org

Mission Statement of Admirals Cove Foundation Inc

Admirals Cove Foundation, a philanthropic organization led by the residents of The Club at Admirals Cove, is dedicated to improving lives through a culture of giving. Their mission is centered around supporting the most needy individuals in Palm Beach County by granting funds to local nonprofit organizations. The foundation's philanthropic efforts are made possible by the generous contributions of its members during the annual giving campaign. The grants awarded by Admirals Cove Foundation are focused in three key areas: education, health, and social services, with the aim of making a meaningful impact on the lives of individuals and families in Palm Beach County. The foundation works closely with a variety of organizations that share this goal, collaborating with them to make a difference in their community.

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Impact




July, 2024

The impact of Admirals Cove Foundation Inc is felt in Palm Beach County, where it focuses its philanthropic efforts in the areas of education, health, and social services. By working alongside various local organizations, the foundation strives to make a meaningful difference in the lives of individuals and families in need. Through the generous support of its members during the annual giving campaign, the foundation is able to provide grants that contribute to improving the overall well-being of the community. By fostering a vital culture of giving, Admirals Cove Foundation Inc plays a crucial role in making a positive impact on the most vulnerable populations in Palm Beach County.




This information is meant to be a general summary of Admirals Cove 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.

Revenue
$3,228,168 (2023)
Expenses
$2,947,841 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Gross Receipts: $3,283,040

Assets and Liabilities:

  • Total Assets: $769,600
  • Total Liabilities: $131,290
  • Net Assets: $638,310

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Organization Details

Founding Year

2005

Principal Officer

Eric Becker

Main Address

200 ADMIRALS COVE BLVD, JUPITER, FL, 33477

NTEE Category

Code: T30 - Philanthropy

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