Overview
What is Dadefund Inc?
Dadefund Inc, based in Miami, Florida, is a nonprofit organization that carries out its mission by distributing grants to 501(c)(3) charities, contributing to the local community's areas of need. As per their dissolution plan, they recently granted funds to 14 such organizations. The nonprofit's primary activity involves supporting various initiatives within the community by providing financial assistance to eligible nonprofit organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Dadefund Inc has achieved a solid score of 79% on Charity Navigator, reflecting a commendable level of accountability and financial health. The organization boasts a perfect score for its board composition, with all members being independent, which enhances governance and oversight. Additionally, it has implemented various policies, such as a conflict of interest and whistleblower policy, contributing to its strong operational framework.
Financially, Dadefund Inc shows robust program expense effectiveness, with an impressive program expense ratio of 85.44%, indicating that a significant portion of its resources is directed towards its mission-related activities. However, the organization has room for improvement in its liabilities to assets ratio, which scored 0 out of 15 points, suggesting potential concerns regarding financial stability or asset management.
Overall, while Dadefund Inc demonstrates transparency and a commitment to its mission, prospective donors and supporters may want to consider its financial management practices, particularly regarding liabilities, when evaluating the organization's long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Dadefund Inc legitimate?
Dadefund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dadefund 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 Dadefund Inc?
Dadefund Inc, as a philanthropic organization, focuses on granting funds to 501(c)(3) nonprofits in areas of need within the local community. Their mission is to support these organizations in addressing various societal issues, thereby contributing to the betterment of their respective communities. Upon dissolution, the organization distributed grants to 14 nonprofit organizations, further emphasizing its commitment to community development and assistance.
Who is the CEO of Dadefund Inc?
Rebecca Fishman Lipsey is the Chairperson of Dadefund Inc. The CEO's salary of Dadefund Inc is $0 and their total compensation is $160,059.
What is the revenue of Dadefund Inc?
Dadefund Inc's revenue in 2020 was $29,705.
Who are the executives of Dadefund Inc and what are their salaries?
Here are 7 key members and their salaries (Dadefund Inc's CEO's salary is $0 and their total compensation is $160,059):
- Compensation: $0
- Related: $0
- Other: $0
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- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $153,327
- Other: $16,211
- Compensation: $0
- Related: $142,098
- Other: $17,961
Where can I find the form 990 for Dadefund Inc?
Dadefund Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Dadefund Inc
Dadefund Inc, as a grant-making organization, is dedicated to supporting 501(c)(3) nonprofits in addressing areas of need within the local community. Their mission is to distribute financial aid to these organizations, aiming to contribute positively to the community's wellbeing. Upon its dissolution, Dadefund Inc granted funds to 14 nonprofit organizations, demonstrating its commitment to making a tangible impact in the community.
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Impact
October, 2024
Dadefund Inc significantly impacts the local community by making grants to 501(c)(3) organizations that address pressing needs. In its efforts to support various initiatives, Dadefund distributed grants to 14 different organizations as part of its dissolution plan. This activity demonstrates a strong commitment to enhancing human services and addressing local challenges in Miami, Florida. Through these grants, Dadefund Inc plays a crucial role in empowering organizations that are dedicated to improving the welfare of the community, ultimately fostering a more resilient and supportive environment for residents in need.
This information is meant to be a general summary of Dadefund 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 2020.
- Investment Income: $12,211
- Gross Receipts: $29,705
Assets and Liabilities:
- Total Assets: $3,023
- Total Liabilities: $2,500
- Net Assets: $523
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Organization Details
Founding Year
1993
Phone
(305) 371-2711Principal Officer
Rebecca Fishman Lipsey
Main Address
40 NW 3RD STREET NO 305, MIAMI, FL, 33128
NTEE Category
Code: P11 - Human services
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