Overview
What is Evelyn & Bernard Woolman Family Foundation Inc?
The Evelyn & Bernard Woolman Family Foundation Inc is a charitable organization that prioritizes social welfare initiatives. They achieve this by providing financial assistance to various institutions, enabling them to strengthen their services and better cater to their clients and students. Aligned with the objectives of the Jewish Federation of Palm Beach County, Inc., the foundation's goal is to enhance the capabilities of these institutions, thereby positively impacting the lives of those they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars (33%)
The Evelyn & Bernard Woolman Family Foundation Inc has received a low rating of 33%, which translates to a Zero-Star out of Four Star rating on Charity Navigator. This score is derived solely from the Accountability & Finance beacon, where the foundation has shown some strengths in governance but significant weaknesses in financial management.
The foundation boasts a fully independent board with 100% of its members being independent, which is a positive aspect reflected in a perfect score for board independence. Additionally, the organization documents its board meeting minutes, indicating good governance practices. However, the foundation's overall accountability score is heavily impacted by a poor liabilities to assets ratio and a low program expense ratio, suggesting that a significant portion of its resources may not be directed towards its intended programs.
While the governance structure appears strong, the financial metrics raise concerns about the foundation's effectiveness and capacity to fulfill its mission. A program expense ratio of only 40.72% indicates that a substantial portion of its funds may not be effectively utilized for programmatic purposes, prompting potential questions about its impact on the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Evelyn & Bernard Woolman Family Foundation Inc legitimate?
Evelyn & Bernard Woolman Family Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Evelyn & Bernard Woolman Family 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.
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What is the mission statement of Evelyn & Bernard Woolman Family Foundation Inc?
The Evelyn & Bernard Woolman Family Foundation's mission is to aid social welfare programs by providing financial assistance to institutions. This support aims to strengthen these institutions' capacity to cater to their clients and students, aligning with the objectives set by the Jewish Federation of Palm Beach County, Inc. The foundation's primary goal is to enhance the delivery of services in these areas, thereby contributing to the betterment of the community.
Who is the CEO of Evelyn & Bernard Woolman Family Foundation Inc?
Edwin Goldsmith is the President of Evelyn & Bernard Woolman Family Foundation Inc.
What is the revenue of Evelyn & Bernard Woolman Family Foundation Inc?
Evelyn & Bernard Woolman Family Foundation Inc's revenue in 2022 was $42,702.
Who are the executives of Evelyn & Bernard Woolman Family Foundation Inc and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Evelyn & Bernard Woolman Family Foundation Inc?
Evelyn & Bernard Woolman Family Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Evelyn & Bernard Woolman Family Foundation Inc
The Evelyn & Bernard Woolman Family Foundation is committed to supporting social welfare programs. This nonprofit organization accomplishes this by providing financial assistance to various institutions. Their goal is to enhance these institutions' abilities to serve their clients and students in alignment with the objectives of the Jewish Federation of Palm Beach County, Inc. By doing so, the Evelyn & Bernard Woolman Family Foundation aims to contribute positively to the well-being of those in need, thereby promoting social welfare and bettering the lives of many.
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Impact
October, 2024
The Evelyn & Bernard Woolman Family Foundation Inc significantly impacts social welfare by providing essential funding to various institutions. This financial support enhances these organizations' capacity to effectively serve their clients and students, fostering improved community well-being. Aligned with the objectives of the Jewish Federation of Palm Beach County, the foundation's efforts contribute to a broader mission of social responsibility and community support, enriching the lives of those in need throughout West Palm Beach, Florida. By focusing on philanthropy, the foundation plays a vital role in strengthening social welfare programs and promoting positive outcomes for individuals and families in the region.
This information is meant to be a general summary of Evelyn & Bernard Woolman Family 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: $42,702
- Gross Receipts: $42,702
Assets and Liabilities:
- Total Assets: $2,742,716
- Total Liabilities: $0
- Net Assets: $2,742,716
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Organization Details
Founding Year
1997
Phone
(561) 478-0700Principal Officer
Edwin Goldsmith
Main Address
1 Harvard Circle Suite 100, West Palm Beach, FL, 33409
NTEE Category
Code: T70Z - Philanthropy
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