Overview
What is The Julio A Martinez Memorial Fund?
The Julio A Martinez Memorial Fund is a nonprofit organization, situated in New York, committed to assisting children from various backgrounds, with a particular focus on the youth from disadvantaged communities. Their mission involves providing academic, emotional, financial, and other relevant support to eligible recipients. This support aims to uplift and empower these children, ensuring they have the necessary resources to thrive. The fund accomplishes this goal through scholarships and grants, demonstrating a strong dedication to the betterment of New York's youth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star rating.
The Julio A Martinez Memorial Fund has received a low rating of 54%, indicating significant concerns regarding its financial practices and accountability. While the organization has a fully independent board and adheres to several best practices, such as having policies for conflict of interest and whistleblower protections, these strengths are overshadowed by poor financial metrics.
Notably, the fund's program expense ratio is only 49.03%, suggesting that less than half of its expenditures are directed towards its stated programs. Additionally, the liabilities to assets ratio is quite unfavorable at 4.51%, which raises concerns about its financial health and sustainability. These factors contribute to the overall low rating, highlighting areas that require improvement for the organization to better fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Julio A Martinez Memorial Fund legitimate?
The Julio A Martinez Memorial Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Julio A Martinez Memorial Fund 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: $73,809
For more financial information, click here
What is the mission statement of The Julio A Martinez Memorial Fund?
The Julio A Martinez Memorial Fund is committed to providing academic, emotional, financial, and other relevant support for children residing in various parts of New York. The primary focus of the fund is on the youth hailing from disadvantaged communities. Through scholarships and grants, the fund aims to assist eligible recipients in their educational and personal growth journeys.
Who is the CEO of The Julio A Martinez Memorial Fund?
Raul Russi is the President Acacia Network of The Julio A Martinez Memorial Fund. The CEO's salary of The Julio A Martinez Memorial Fund is $0 and their total compensation is $576,831.
What is the revenue of The Julio A Martinez Memorial Fund?
The Julio A Martinez Memorial Fund's revenue in 2022 was $210,269.
Who are the executives of The Julio A Martinez Memorial Fund and what are their salaries?
There 6 volunteers at The Julio A Martinez Memorial Fund.
Here are 11 key members and their salaries (The Julio A Martinez Memorial Fund's CEO's salary is $0 and their total compensation is $576,831):
- Compensation: $0
- Related: $848,126
- Other: $68,233
- Compensation: $0
- Related: $532,238
- Other: $44,593
- Compensation: $0
- Related: $517,229
- Other: $37,746
- Compensation: $0
- Related: $404,476
- Other: $38,707
- Compensation: $0
- Related: $306,593
- Other: $37,802
- 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 The Julio A Martinez Memorial Fund?
The Julio A Martinez Memorial Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Julio A Martinez Memorial Fund
The Julio A Martinez Memorial Fund is dedicated to providing support for children from various areas of New York, with a particular focus on those hailing from disadvantaged communities. This nonprofit organization's mission is multifaceted, encompassing academic, emotional, financial, and other relevant assistance. By offering scholarships and grants to eligible recipients, The Julio A Martinez Memorial Fund aims to uplift and empower the youth within these communities, fostering their growth and development.
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Impact
October, 2024
The Julio A Martinez Memorial Fund significantly impacts the lives of children from all areas of New York, particularly those in disadvantaged communities. By offering academic, emotional, and financial support, the fund empowers youth to pursue their educational goals and personal growth. Through scholarships and grants, it alleviates some of the financial burdens that hinder access to quality education and resources.
In addition to financial assistance, the fund provides emotional support, recognizing the challenges faced by young people in disadvantaged settings. This holistic approach fosters resilience, encourages academic achievement, and nurtures the overall well-being of the children it serves. By focusing on youth development, the Julio A Martinez Memorial Fund strives to create a more equitable future, enabling children from all backgrounds to realize their potential and build brighter futures.
This information is meant to be a general summary of The Julio A Martinez Memorial Fund. 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: $717
- Gross Receipts: $249,577
Assets and Liabilities:
- Total Assets: $810,248
- Total Liabilities: $23,171
- Net Assets: $787,077
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Organization Details
Founding Year
2003
Phone
(718) 861-5650Principal Officer
Raul Russi
Main Address
1064 FRANKLIN AVE, BRONX, NY, 10456
NTEE Category
Code: O50 - Youth development
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