Overview
What is Beth Israel Foundation For The Aged?
Beth Israel Foundation for the Aged is a nonprofit organization, situated in Aurora, Colorado, specifically at 14800 East Belleview Drive. Their primary mission is to support and subsidize the care of the elderly residing at Shalom Park. This includes operating Shalom Cares Wellness Center, which further enhances the well-being of the elderly population under their care. The foundation accepts donations and invests the proceeds to fulfill their mission, contributing to the overall welfare of the elderly individuals they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star Rating)
The Beth Israel Foundation For The Aged has achieved a high rating of 90% from Charity Navigator, which signifies strong accountability and financial health. The organization demonstrates a commitment to transparency with an independent board and effective financial oversight, as indicated by perfect scores in several governance metrics. Notably, they report no significant asset diversions and maintain a solid financial foundation, reflected in a low liabilities to assets ratio.
Strengths of the organization include an impressive program expense ratio of 87.01%, indicating that a significant portion of its funding is directed towards its mission-related activities. Additionally, the foundation shows exceptional fundraising efficiency, requiring only $0.022 to raise a dollar, which highlights its effective use of resources. The presence of a comprehensive conflict of interest policy and proper documentation of board meeting minutes further enhance the organization's credibility and governance practices.
While the foundation appears well-managed and financially stable, potential donors and stakeholders should consider ongoing assessments of program impact and community needs to ensure that resources are aligned with the goals of the aged population it serves. Overall, the Beth Israel Foundation For The Aged stands out as a responsible nonprofit with a strong track record.
This AI summary has been generated from information found on Charity Navigator.
Is Beth Israel Foundation For The Aged legitimate?
Beth Israel Foundation For The Aged is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beth Israel Foundation For The Aged 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: $314,481
For more financial information, click here
What is the mission statement of Beth Israel Foundation For The Aged?
The Beth Israel Foundation for the Aged has a mission to support the care of the elderly residing at Shalom Park. This is achieved by accepting contributions and investing the funds, with the earnings subsequently used to subsidize their care. The foundation's activities extend beyond just subsidizing care, as evidenced by the use of funds to operate the Shalom Cares Wellness Center. In essence, the Beth Israel Foundation's primary goal is to enhance the living conditions and well-being of the elderly population under its care.
Who is the CEO of Beth Israel Foundation For The Aged?
Marc Penner is the CEO of Beth Israel Foundation For The Aged The CEO's salary of Beth Israel Foundation For The Aged is $0 and their total compensation is $369,658.
What is the revenue of Beth Israel Foundation For The Aged?
Beth Israel Foundation For The Aged's revenue in 2023 was $2,207,360.
Who are the executives of Beth Israel Foundation For The Aged and what are their salaries?
There 8 volunteers at Beth Israel Foundation For The Aged.
Here are 10 key members and their salaries (Beth Israel Foundation For The Aged's CEO's salary is $0 and their total compensation is $369,658):
- Compensation: $0
- Related: $335,412
- Other: $34,246
- Compensation: $0
- Related: $126,384
- Other: $18,752
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Beth Israel Foundation For The Aged?
Beth Israel Foundation For The Aged's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Beth Israel Foundation For The Aged
Beth Israel Foundation for the Aged is committed to its mission of accepting donations and investing funds. This organization utilizes the resulting earnings to subsidize the care of elderly individuals residing at Shalom Park. By doing so, Beth Israel Foundation for the Aged plays a significant role in ensuring that these elderly individuals receive the necessary care and support they require. Additionally, the foundation's funds have been instrumental in operating the Shalom Cares Wellness Center, further enhancing the overall well-being of the elders under its care. In essence, Beth Israel Foundation for the Aged is dedicated to alleviating the financial burden associated with elderly care, thereby enabling these individuals to live with dignity and comfort.
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Impact
July, 2024
Beth Israel Foundation For the Aged has a significant impact on the community by subsidizing the care of elders at Shalom Park in Aurora, CO. The funds provided by the foundation help support the operations of Shalom Cares Wellness Center, ensuring that elderly individuals receive the care they need. Through its mission to accept contributions and invest funds, the foundation plays a crucial role in supporting the well-being and health of seniors in the area.
This information is meant to be a general summary of Beth Israel Foundation For The Aged. 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 2023.
- Investment Income: $404,199
- Program Service Revenue: $194,307
- Gross Receipts: $2,607,414
Assets and Liabilities:
- Total Assets: $14,701,461
- Total Liabilities: $337,812
- Net Assets: $14,363,649
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP INCOME
Revenue
$116,485
BISTRO & GIFT SHOP
Revenue
$56,721
NURSING REVENUE
Revenue
$20,514
BEAUTY & BARBER
Revenue
$587
Organization Details
Founding Year
1981
Principal Officer
Marc Penner
NTEE Category
Code: E91 - Health
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