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Spring Lake Toys Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 812662629 ✦ Franklin lakes, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Spring Lake Toys Foundation Inc?

Spring Lake Toys Foundation Inc is a charitable organization situated in Franklin Lakes, New Jersey. The foundation's primary mission is to offer financial aid to families who face financial hardships due to their child's uninsured medical and related expenses associated with a serious illness or special need. In demonstration of their commitment, they recently granted a handicap-accessible home renovation to the Santucci family in Fair Lawn, NJ, whose three sons suffer from Leukodystrophy, a rare and terminal illness. The Foundation's activities and mission strive to provide essential support to families navigating challenging medical circumstances, thereby easing their financial burdens and improving their quality of life.


Official website here: www.springlaketoysfoundation.org

Is Spring Lake Toys Foundation Inc legitimate?

Spring Lake Toys Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spring Lake Toys Foundation 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: $105,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.springlaketoysfoundation.org

What is the mission statement of Spring Lake Toys Foundation Inc?

The Spring Lake Toys Foundation Inc's mission is centered around providing financial aid to families who encounter financial hardships in paying for their child's medical and related expenses, which are not covered by insurance. This assistance is extended to children with serious illnesses or special needs. The organization's activities are geared towards alleviating the financial burden that often comes with managing such health conditions, thereby offering support to these families during challenging times. A notable example of their work is a handicap accessible home renovation they provided for a family with three sons diagnosed with Leukodystrophy, a rare and terminal illness.


Official website here: www.springlaketoysfoundation.org

Who is the CEO of Spring Lake Toys Foundation Inc?

Paulette Pera Laurenzi is the President of Spring Lake Toys Foundation Inc.


Official website here: www.springlaketoysfoundation.org

What is the revenue of Spring Lake Toys Foundation Inc?

Spring Lake Toys Foundation Inc's revenue in 2022 was $454,314.


Official website here: www.springlaketoysfoundation.org

Who are the executives of Spring Lake Toys Foundation Inc and what are their salaries?

There 185 volunteers at Spring Lake Toys Foundation Inc.


Here are 5 key members and their salaries:


Paulette Pera Laurenzi (President)
  • Compensation: $105,000
  • Related: $0
  • Other: $5,784
Salvatore V Frassetto (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Karen Rutherford (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kathleen Fuenning Cariddi (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Walsh Matthews (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.springlaketoysfoundation.org

Where can I find the form 990 for Spring Lake Toys Foundation Inc?

Spring Lake Toys Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.springlaketoysfoundation.org

Learn more at the official website: www.springlaketoysfoundation.org

Mission Statement of Spring Lake Toys Foundation Inc

Spring Lake Toys Foundation Inc is an organization dedicated to aiding families who find themselves financially strained due to uncovered medical expenses related to their child's serious illness or special needs. The mission of this nonprofit is to extend financial assistance to such families, thereby alleviating some of the financial burden they face. One example of Spring Lake Toys Foundation Inc's benevolent work is their provision of a handicap-accessible home renovation for the Santucci family in Fair Lawn, New Jersey, whose three sons are diagnosed with Leukodystrophy, a rare and terminal illness. This act of kindness highlights the organization's commitment to supporting families navigating the challenges that come with caring for a child with a serious medical condition.

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Impact




October, 2024

Spring Lake Toys Foundation Inc significantly alleviates the financial burdens faced by families with children who have serious illnesses or special needs. By providing crucial financial assistance for medical expenses not covered by insurance, the organization ensures that families can focus on care rather than financial strain. A notable example of their impact is the renovation of a handicap-accessible home for the Santucci family in Fair Lawn, NJ, which supports their three sons diagnosed with the rare and terminal illness, Leukodystrophy. This type of support not only addresses immediate needs but also fosters a greater sense of independence and quality of life for children and their families in challenging circumstances.




This information is meant to be a general summary of Spring Lake Toys Foundation 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.

Revenue
$454,314 (2022)
Expenses
$580,201 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $197
  • Gross Receipts: $495,568

Assets and Liabilities:

  • Total Assets: $160,362
  • Total Liabilities: $14,008
  • Net Assets: $146,354

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Organization Details

Founding Year

2016

Principal Officer

Paulette Pera Laurenzi

Main Address

852 Franklin Avenue, Franklin Lakes, NJ, 07417

NTEE Category

Code: P20 - Human services

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