Overview
What is Foundation Financial Officers Group Inc?
Foundation Financial Officers Group Inc, based in Mt Royal, New Jersey, is a nonprofit organization primarily focused on fostering connections among financial and investment leaders of private foundations. Situated at 19 Mantua Road, they organize semi-annual meetings to discuss current trends and best practices in managing private foundations. Their objective is to promote the exchange of information and ideas, as well as encourage networking among members, thereby aiding in their professional growth as financial and investment specialists in foundation management.
Official website here: www.ffog.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating
Foundation Financial Officers Group Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization scored 82% in the Accountability & Finance category for its most recent fiscal year (FY2022), indicating a commendable level of financial health and governance practices. Notably, the charity boasts a fully independent board, with 12 members, and has clear policies in place regarding conflicts of interest and whistleblower protections.
The organization achieved full scores in several key areas, such as the audit and oversight committee, material diversion of assets, and website transparency. This demonstrates a strong commitment to financial integrity and transparency, which are essential for maintaining donor trust. Furthermore, its liabilities to assets ratio of 29.61% indicates a favorable position in terms of financial stability.
However, the program expense ratio stands at 58.60%, which suggests that while the charity operates effectively, a significant portion of its expenses does not directly support its programs. This could be an area for improvement, as donors often prefer a higher percentage of funds directed toward mission-related activities. Overall, the Foundation Financial Officers Group Inc shows a responsible financial management structure but may need to enhance its program investment to raise its overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation Financial Officers Group Inc legitimate?
Foundation Financial Officers Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation Financial Officers Group 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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For more financial information, click here
Official website here: www.ffog.org
What is the mission statement of Foundation Financial Officers Group Inc?
The Foundation Financial Officers Group Inc's mission is centered around facilitating information and idea exchange, as well as encouraging networking among its members. This is done with the aim of aiding in the professional growth of its members, specifically in the field of financial and investment leadership within foundations. The organization hosts semi-annual meetings for chief financial and investment officers of private foundations, focusing on current developments and best practices in the management of such foundations.
Official website here: www.ffog.org
Who is the CEO of Foundation Financial Officers Group Inc?
Tim Otto is the President of Foundation Financial Officers Group Inc.
Official website here: www.ffog.org
What is the revenue of Foundation Financial Officers Group Inc?
Foundation Financial Officers Group Inc's revenue in 2022 was $1,107,434.
Official website here: www.ffog.org
Who are the executives of Foundation Financial Officers Group Inc and what are their salaries?
There 69 volunteers at Foundation Financial Officers Group Inc.
Here are 17 key members and their salaries:
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Official website here: www.ffog.org
Where can I find the form 990 for Foundation Financial Officers Group Inc?
Foundation Financial Officers Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ffog.org
Learn more at the official website: www.ffog.org
Mission Statement of Foundation Financial Officers Group Inc
Foundation Financial Officers Group Inc is committed to fostering a platform for its members to engage in the exchange of knowledge and ideas. By doing so, the organization aims to enhance the professional growth of its members, who hold positions as financial and investment leaders and foundation officers. The group facilitates this through regular semi-annual meetings, where the focus is on current developments and best practices in managing private foundations. This mission is designed to empower its members, enabling them to make informed decisions and contribute effectively to their respective organizations.
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Impact
July, 2024
Foundation Financial Officers Group Inc's impact lies in facilitating opportunities for the exchange of information and ideas among its members to further their development as financial and investment leaders and foundation officers. By organizing semi-annual meetings for chief financial and investment officers of private foundations, the organization helps its members stay updated on current developments and best practices in foundation management. Through networking and knowledge sharing, Foundation Financial Officers Group Inc plays a crucial role in enhancing the capabilities and effectiveness of its members in the realm of philanthropy.
This information is meant to be a general summary of Foundation Financial Officers Group 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: $982
- Program Service Revenue: $945,852
- Gross Receipts: $1,107,434
Assets and Liabilities:
- Total Assets: $1,141,402
- Total Liabilities: $337,991
- Net Assets: $803,411
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$540,350
MEETING REGISTRATION F
Revenue
$405,502
Organization Details
Founding Year
2000
Phone
(856) 423-3156Principal Officer
Tim Otto
Main Address
19 MANTUA ROAD, MT ROYAL, NJ, 08061
Website
www.ffog.orgNTEE Category
Code: T03 - Philanthropy
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