Overview
What is William Raveis Charitable Fund Inc?
William Raveis Charitable Fund Inc is a dedicated nonprofit organization based in Shelton, Connecticut. Its primary mission is to support cutting-edge cancer research, with a particular focus on various cancer types. The fund achieves this by partnering with esteemed organizations such as the Damon Runyon Cancer Research Foundation and the Dana-Farber Cancer Institute. Through these collaborations, the charity has raised substantial funds, contributing $4 million to Damon Runyon and $1 million to Dana-Farber over the years. The charity's efforts have directly funded 24 scientists conducting research on 11 different types of cancer at 10 different institutions in Connecticut, Massachusetts, and New York. The William Raveis Charitable Fund Inc's core objective is to raise awareness and provide financial support for cancer research, ultimately contributing to the development of future cures.
Official website here: www.raveisridewalk.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
William Raveis Charitable Fund Inc has achieved a Three-Star rating from Charity Navigator, reflecting an overall score of 86%, which is derived entirely from its Accountability & Finance metrics. The organization demonstrates strong financial management, evidenced by a program expense ratio of 72.34%, indicating that a significant portion of its expenditures supports its charitable programs.
The governance structure of the charity is commendable, with 83% of its board members being independent. This independence contributes to effective oversight, alongside a robust audit and oversight committee that received full marks. Additionally, the organization has maintained a strong financial position, indicated by a liabilities to assets ratio of just 0.04%.
However, there are notable gaps in governance practices, such as the absence of a whistleblower policy and a document retention and destruction policy, which each received a score of zero. Furthermore, the lack of documented board meeting minutes raises concerns regarding transparency and accountability in decision-making processes. Overall, while the charity exhibits strong financial health and governance, addressing these limitations could enhance its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is William Raveis Charitable Fund Inc legitimate?
William Raveis Charitable Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. William Raveis Charitable 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: $0
Professional Fundraising Fees: $24,893
Other Salaries and Wages: $63,933
For more financial information, click here
Official website here: www.raveisridewalk.com
What is the mission statement of William Raveis Charitable Fund Inc?
The William Raveis Charitable Fund Inc's mission is centered around supporting and raising awareness for cancer research. They accomplish this by partnering with two renowned organizations: the Damon Runyon Cancer Research Foundation and the Dana-Farber Cancer Institute. The fund aims to back promising scientists conducting cutting-edge cancer research through the Damon Runyon Cancer Research Foundation. Simultaneously, it collaborates with the Dana-Farber Cancer Institute, which is committed to providing the best cancer treatment available while also working on future cures through advanced research. Over the years, the William Raveis Charitable Fund has made significant contributions, raising $4 million for the Damon Runyon Cancer Research Foundation and $4 million for the Dana-Farber Cancer Institute. Through these collaborations, the fund has supported 24 researchers working on 11 different types of cancer at 10 different institutions across Connecticut, Massachusetts, and New York.
Official website here: www.raveisridewalk.com
Who is the CEO of William Raveis Charitable Fund Inc?
William M Raveis Jr is the Managing Director of William Raveis Charitable Fund Inc.
Official website here: www.raveisridewalk.com
What is the revenue of William Raveis Charitable Fund Inc?
William Raveis Charitable Fund Inc's revenue in 2022 was $672,633.
Official website here: www.raveisridewalk.com
Who are the executives of William Raveis Charitable Fund Inc and what are their salaries?
There 5 volunteers at William Raveis Charitable Fund Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $50,000
- Other: $0
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- 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
Official website here: www.raveisridewalk.com
Where can I find the form 990 for William Raveis Charitable Fund Inc?
William Raveis Charitable Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.raveisridewalk.com
Learn more at the official website: www.raveisridewalk.com
Mission Statement of William Raveis Charitable Fund Inc
The William Raveis Charitable Fund Inc is committed to raising awareness and supporting cancer research. To accomplish this, the organization partners with two esteemed institutions: the Damon Runyon Cancer Research Foundation and the Dana-Farber Cancer Institute. The Damon Runyon Cancer Research Foundation focuses on funding promising scientists conducting cutting-edge cancer research, while the Dana-Farber Cancer Institute offers innovative treatments for adults and children battling cancer and works towards developing tomorrow's cures through advanced research.
Through its collaboration with these organizations, the William Raveis Charitable Fund Inc has made significant contributions. Over eight years of partnership with the Damon Runyon Cancer Research Foundation, the fund has raised $4 million. Similarly, during a three-year period of collaboration with the Dana-Farber Cancer Institute, the fund has also contributed substantial funds. The William Raveis Charitable Fund Inc has directly supported 24 scientists who are currently researching various types of cancer at ten different institutions in Connecticut, Massachusetts, and New York. Notably, 100% of the donations made to the fund are directed towards advancing research at these two esteemed institutions.
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Impact
July, 2024
William Raveis Charitable Fund Inc's impact lies in supporting cutting-edge research against all forms of cancer. Partnering with the Damon Runyon Cancer Research Foundation and the Dana-Farber Cancer Institute, this organization has raised $4 million for Damon Runyon over their eight-year collaboration and for Dana-Farber over their three-year collaboration. They have funded 24 scientists researching 11 different types of cancer at 10 different institutions in Connecticut, Massachusetts, and New York. Importantly, 100% of donations go directly to the Damon Runyon Cancer Research Foundation and the Dana-Farber Cancer Institute, ensuring maximum impact in the fight against cancer.
This information is meant to be a general summary of William Raveis Charitable 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 2022.
- Gross Receipts: $726,108
Assets and Liabilities:
- Total Assets: $487,477
- Total Liabilities: $203
- Net Assets: $487,274
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Organization Details
Founding Year
2004
Phone
(203) 925-4541Principal Officer
William M Raveis Jr
Main Address
7 TRAP FALLS RD, SHELTON, CT, 06484
Website
www.raveisridewalk.comNTEE Category
Code: G123 - Disease
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