Overview
What is Maina Foundation Incorporated?
Maina Foundation Incorporated is a nonprofit organization situated in Old Lyme, Connecticut. The foundation's primary mission is to raise awareness about breast cancer, promote early screening and diagnosis, and aid economically disadvantaged patients undergoing cancer treatment by collaborating with hospitals. Their activities encompass both raising awareness and providing financial assistance to those in need of cancer treatment.
Official website here: www.mainafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
Maina Foundation Incorporated has achieved an 83% rating from Charity Navigator, reflecting strong accountability and financial management. The score is derived solely from the Accountability & Finance beacon, indicating a solid fiscal responsibility. The foundation has a fully independent board, with 100% of its members meeting this criterion, and demonstrates exemplary practices in areas such as asset diversion, program expenses, and financial transparency.
The organization excels in maintaining a high program expense ratio of 91.17%, ensuring that most of its funds are directed toward its mission rather than administrative costs. Additionally, the foundation adheres to stringent governance policies, with all necessary documents and policies in place, apart from the absence of a whistleblower policy and a document retention policy, which have been noted as gaps in their governance structure.
While the lack of certain policies may raise concerns regarding operational transparency, the overall financial health and commitment to programmatic spending position Maina Foundation as a trustworthy nonprofit organization. Their commitment to accountability is reinforced by their strong ratings in various governance aspects, although addressing the missing policies could further enhance their overall standing.
This AI summary has been generated from information found on Charity Navigator.
Is Maina Foundation Incorporated legitimate?
Maina Foundation Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Maina Foundation Incorporated 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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Official website here: www.mainafoundation.org
What is the mission statement of Maina Foundation Incorporated?
The Maina Foundation Incorporated is dedicated to increasing breast cancer awareness and promoting early screening and diagnosis. Their mission extends to collaborating with hospitals to assist economically disadvantaged patients in managing their cancer treatment costs. In essence, the foundation seeks to raise awareness about breast cancer, facilitate early detection, and provide financial support to those who may struggle with cancer treatment expenses.
Official website here: www.mainafoundation.org
Who is the CEO of Maina Foundation Incorporated?
Alka Shrikhande is the Trustee of Maina Foundation Incorporated.
Official website here: www.mainafoundation.org
What is the revenue of Maina Foundation Incorporated?
Maina Foundation Incorporated's revenue in 2023 was $43,443.
Official website here: www.mainafoundation.org
Who are the executives of Maina Foundation Incorporated and what are their salaries?
There 10 volunteers at Maina Foundation Incorporated.
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Official website here: www.mainafoundation.org
Where can I find the form 990 for Maina Foundation Incorporated?
Maina Foundation Incorporated's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mainafoundation.org
Learn more at the official website: www.mainafoundation.org
Mission Statement of Maina Foundation Incorporated
Maina Foundation Incorporated is committed to increasing breast cancer awareness, promoting early screening and diagnosis of the disease, and assisting economically disadvantaged patients in their cancer treatment. The organization works closely with hospitals to achieve these goals, serving as a bridge between medical facilities and those in need. By raising awareness about breast cancer, Maina Foundation Incorporated aims to encourage regular screenings and early detection, which can significantly improve survival rates. Furthermore, the foundation provides support to financially struggling patients, helping them access necessary cancer treatments. This dual focus on awareness and financial assistance enables Maina Foundation Incorporated to make a meaningful impact in the lives of those affected by breast cancer.
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Impact
August, 2024
Maina Foundation Incorporated's impact is focused on increasing breast cancer awareness, promoting early screening and diagnosis of breast cancer, and providing assistance to economically disadvantaged patients with cancer treatment. Through their activities, they aim to improve health outcomes for individuals affected by breast cancer, especially those facing financial challenges. Their work in collaboration with hospitals helps ensure that more people have access to necessary care and support, ultimately contributing to better outcomes and quality of life for those affected by breast cancer.
This information is meant to be a general summary of Maina Foundation Incorporated. 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: $977
- Gross Receipts: $43,443
Assets and Liabilities:
- Total Assets: $72,048
- Total Liabilities: $0
- Net Assets: $72,048
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Organization Details
Founding Year
2007
Phone
(860) 434-3984Principal Officer
Alka Shrikhande
Main Address
8 PEPPERMINT RIDGE, OLD LYME, CT, 06371
Website
www.mainafoundation.orgNTEE Category
Code: E60 - Health
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