Overview
What is Daniel James Mccarthy Memorial Fund Inc?
Daniel James Mccarthy Memorial Fund Inc is a nonprofit organization located at 525 Massachusetts Ave Suite A, Acton, MA 01720. Their primary mission is to positively impact the communities of Acton and Boxborough, Massachusetts, by coordinating programming and resources focused on the development of the area's youth. To achieve this goal, the organization has established four subcommittees: Growth and Governance, Fundraising, Community Events and Networking, and Golf. These committees aim to increase participation from board members and volunteers, thereby strengthening the organization's outreach and impact.
Official website here: www.dannys-place.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
The Daniel James McCarthy Memorial Fund Inc has received an overall score of 84%, earning it a Three-Star rating based solely on its Accountability & Finance metrics. This score reflects a strong commitment to financial transparency and governance, as evidenced by a perfect score for major independent board members and a satisfactory liabilities to assets ratio of 7.11%. The organization also showcases a high program expense ratio of 71.69%, indicating that a significant portion of its funds are directed towards its mission-related activities.
However, there are notable areas for improvement, particularly in governance policies. The organization lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, each of which received a score of zero. Additionally, the organization's tax form is not posted on its website, which affects its transparency score. Addressing these gaps could enhance its accountability and trust with donors and stakeholders.
Overall, while the Daniel James McCarthy Memorial Fund Inc demonstrates strong financial management, it would benefit from implementing additional governance policies to further bolster its integrity and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Daniel James Mccarthy Memorial Fund Inc legitimate?
Daniel James Mccarthy Memorial Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Daniel James Mccarthy Memorial Fund 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: $21,864
Professional Fundraising Fees: $0
Other Salaries and Wages: $143,214
For more financial information, click here
Official website here: www.dannys-place.org
What is the mission statement of Daniel James Mccarthy Memorial Fund Inc?
The Daniel James Mccarthy Memorial Fund Inc is committed to benefiting the communities of Acton and Boxborough, Massachusetts, by providing coordinated programming and resources focused on the positive development of the communities' youth. To achieve this goal, they have established four new subcommittees: Growth and Governance, Fundraising, Community Events and Networking, and Golf, aiming to increase participation by board members and some volunteers. The fund's mission is to contribute to the betterment and progress of the youth in these communities.
Official website here: www.dannys-place.org
What is the revenue of Daniel James Mccarthy Memorial Fund Inc?
Daniel James Mccarthy Memorial Fund Inc's revenue in 2024 was $211,759.
Official website here: www.dannys-place.org
Who are the executives of Daniel James Mccarthy Memorial Fund Inc and what are their salaries?
The average compensation at Daniel James Mccarthy Memorial Fund Inc during 2024 was $55,026. There are 3 employees at Daniel James Mccarthy Memorial Fund Inc.
Here are 8 key members and their salaries:
- Compensation: $21,856
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.dannys-place.org
Where can I find the form 990 for Daniel James Mccarthy Memorial Fund Inc?
Daniel James Mccarthy Memorial Fund Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.dannys-place.org
Learn more at the official website: www.dannys-place.org
Mission Statement of Daniel James Mccarthy Memorial Fund Inc
Daniel James McCarthy Memorial Fund Inc is dedicated to enhancing the well-being of the youth in Acton and Boxborough, Massachusetts. Their mission is to facilitate coordinated programming and provide resources that foster the positive development of these communities' young population. By establishing four new subcommittees, namely Growth and Governance, Fundraising, Community Events and Networking, and Golf, the fund aims to increase the involvement of board members and volunteers in its initiatives. This commitment to youth development is a testament to Daniel James McCarthy Memorial Fund Inc's dedication to enriching the lives of the younger generation in the given communities.
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Impact
October, 2024
Daniel James McCarthy Memorial Fund Inc has made a significant impact on the communities of Acton and Boxborough, Massachusetts, by fostering positive youth development. Through coordinated programming and the provision of essential resources, the organization has actively engaged with local young people, promoting their growth and well-being.
The establishment of four new subcommittees—focused on growth and governance, fundraising, community events and networking, and golf—has led to increased participation from board members and volunteers. These initiatives not only enhance the organizational structure but also broaden outreach efforts, allowing for more comprehensive community engagement. By connecting youth with supportive activities and resources, the fund has contributed to a nurturing environment that empowers the next generation within the communities it serves.
This information is meant to be a general summary of Daniel James Mccarthy Memorial Fund 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 2024.
- Investment Income: $5,045
- Program Service Revenue: $695
- Gross Receipts: $266,957
Assets and Liabilities:
- Total Assets: $128,746
- Total Liabilities: $0
- Net Assets: $128,746
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$695
Organization Details
Founding Year
2003
Principal Officer
Kathryn Gorczyca
Website
www.dannys-place.orgNTEE Category
Code: Z99 - Unknown
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