Overview
What is Philmat Inc?
Philmat Inc is a nonprofit organization located in New Orleans, Louisiana. With a team of 68 dedicated individuals, their primary mission is to enhance the well-being of their community. They achieve this by serving as a local agent for the Commodity Supplemental Food and Warehouse Program, specifically focusing on the Food for Seniors program. Through this initiative, they provide approximately 56,000 senior citizens with nutritional boxes, ensuring their nourishment and overall health. Philmat Inc also undertakes broader social action programs, aiming to offer self-development opportunities and contribute to physical environment improvements within their community.
Official website here: www.ccano.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 81% (Three-Star out of Four Star rating)
Philmat Inc has received a commendable Three-Star rating, indicating a solid performance in accountability and finance. The score of 81% reflects strengths in various areas, particularly in financial oversight and transparency, with no material diversion of assets reported and complete financial statements available. The organization scored well on policies regarding conflict of interest, whistleblower protections, and document retention, which contribute positively to overall governance.
However, the organization struggles with board independence, having only one independent member on its board, which has led to lower scores in that area. The majority of board members are not independent, which could hinder objectivity in governance and decision-making processes. Additionally, while the program expense ratio is notably high at 93.89%, indicating that most funds are directed towards programs, the limited board independence presents a concern for potential conflicts of interest.
Overall, Philmat Inc demonstrates strong financial practices and accountability, making it a reliable choice for donors prioritizing these aspects. However, improvements in board independence would further enhance its governance and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Philmat Inc?
90% of 74 reviewers on Facebook recommend Philmat Inc. Here is a summary of their reviews:
Overall sentiment is quite positive, with many highlighting the significant contributions the organization makes to the community. Users appreciate the impactful services provided by Philmat Inc, noting that the nonprofit effectively addresses local needs and supports vulnerable populations.
Many reviewers express satisfaction with their experiences, emphasizing the dedication and hard work exhibited by the staff. It’s evident that Philmat Inc is viewed as a reliable and trustworthy entity within the community, further reinforcing its reputation for delivering on its promises.
This AI summary has been generated from reviews found on Facebook.
Is Philmat Inc legitimate?
Philmat Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Philmat 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: $100,178
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,865,463
For more financial information, click here
Official website here: www.ccano.org
What is the mission statement of Philmat Inc?
Philmat Inc, as stated in its mission declaration, aims to carry out non-sectarian social action programs. These programs are geared towards providing self-development opportunities and improving the physical environment. The corporation plays a significant role as a local agent for the Commodity Supplemental Food and Warehouse Program, specifically focusing on the Food for Seniors program. Through this initiative, Philmat Inc provides nutritional boxes to approximately 56,000 senior citizens, addressing their food needs. This mission is a manifestation of the organization's commitment to uplifting and supporting its community.
Official website here: www.ccano.org
Who is the CEO of Philmat Inc?
Sr Marjorie A Hebert M is the Principal Officer of Philmat Inc. The CEO's salary of Philmat Inc is $0 and their total compensation is $152,283.
Official website here: www.ccano.org
What is the revenue of Philmat Inc?
Philmat Inc's revenue in 2022 was $4,783,804.
Official website here: www.ccano.org
Who are the executives of Philmat Inc and what are their salaries?
The average compensation at Philmat Inc during 2022 was $28,906. There are 68 employees and 590 volunteers at Philmat Inc.
Here are 5 key members and their salaries (Philmat Inc's CEO's salary is $0 and their total compensation is $152,283):
- Compensation: $0
- Related: $140,366
- Other: $11,726
- Compensation: $0
- Related: $0
- Other: $152,283
- Compensation: $0
- Related: $125,811
- Other: $6,877
- Compensation: $40,543
- Related: $0
- Other: $10,548
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ccano.org
Where can I find the form 990 for Philmat Inc?
Philmat Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ccano.org
Learn more at the official website: www.ccano.org
Mission Statement of Philmat Inc
Philmat Inc, a non-sectarian organization, is dedicated to carrying out social action programs that cater to the provision of self-development opportunities and physical environment improvements. Its primary mission is to act as an agent for the Commodity Supplemental Food and Warehouse Program, specifically the Food for Seniors initiative. Through this program, Philmat Inc provides nutritional boxes to approximately 56,000 senior citizens, thereby ensuring their access to essential nourishment. The organization's objectives extend beyond food provision, aiming to enhance the overall well-being of its beneficiaries by providing them with opportunities for self-improvement and improving their living environments.
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Impact
July, 2024
Philmat Inc's impact lies in its provision of essential food resources to approximately 56,000 seniors through programs like Food for Families and Food for Seniors. By acting as a local agent for the Commodity Supplemental Food and Warehouse Program in New Orleans, Philmat Inc fulfills a vital role in addressing food insecurity among the elderly population. Additionally, the organization's mission to operate non-sectarian social action programs focused on self-development opportunities and physical environment improvements further demonstrates its commitment to enhancing the well-being of the community.
This information is meant to be a general summary of Philmat 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: $68,269
- Gross Receipts: $4,783,804
Assets and Liabilities:
- Total Assets: $3,302,467
- Total Liabilities: $211,947
- Net Assets: $3,090,520
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Organization Details
Founding Year
1972
Phone
(504) 523-3755Principal Officer
Sr Marjorie A Hebert M
Main Address
PO BOX 58009, NEW ORLEANS, LA, 701588009
Website
www.ccano.orgNTEE Category
Code: K33Z - Food
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