Overview
What is The Mirasol Foundation Inc?
The Mirasol Foundation Inc, located in Palm Beach Gardens, Florida (specifically at 11600 Mirasol Way), is a nonprofit organization with a mission to raise funds for local charitable organizations. Their primary activity involves collecting and distributing financial resources to numerous local not-for-profit entities. This philanthropic approach allows these organizations to strengthen their services and better serve their respective communities. By supporting various local nonprofits, The Mirasol Foundation Inc plays a crucial role in fostering a more compassionate and interconnected society.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star rating)
The Mirasol Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The overall score reflects a strong emphasis on financial management and governance, achieving a high Accountability & Finance score of 86%. This rating suggests that the organization operates with a significant level of transparency and responsibility in its financial dealings.
One of the key strengths of The Mirasol Foundation is its governance structure, which features a fully independent board with eight members. This ensures that decisions are made without conflicts of interest, contributing to effective oversight. The organization also demonstrates strong financial health, with an impressive program expense ratio of 91.24%, indicating that a large portion of its resources is directed toward its mission-driven activities.
While the data highlights strong aspects of the organization, the focus on accountability and finance means that additional insights into programmatic effectiveness or impact are not provided. Nonetheless, the ratings reflect a commitment to responsible stewardship of resources, making The Mirasol Foundation a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is The Mirasol Foundation Inc legitimate?
The Mirasol Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Mirasol 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Mirasol Foundation Inc?
The Mirasol Foundation Inc's mission is centered around fundraising with the primary objective of distributing these funds to various local, not-for-profit organizations. By doing so, they aim to contribute to the causes and initiatives these organizations are dedicated to, ultimately making a positive impact in their communities. The Foundation's mission reflects its commitment to supporting the local community by leveraging its resources to strengthen the capacity of other non-profit organizations.
Who is the CEO of The Mirasol Foundation Inc?
Edward Bonder is the Director of The Mirasol Foundation Inc.
What is the revenue of The Mirasol Foundation Inc?
The Mirasol Foundation Inc's revenue in 2023 was $515,542.
Who are the executives of The Mirasol Foundation Inc and what are their salaries?
There 57 volunteers at The Mirasol Foundation Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for The Mirasol Foundation Inc?
The Mirasol Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Mirasol Foundation Inc
The Mirasol Foundation Inc is dedicated to raising funds with the primary objective of distributing these resources to various local not-for-profit organizations. Through this mission, the foundation aims to contribute positively to the community by supporting numerous charitable initiatives. By providing financial assistance to these organizations, The Mirasol Foundation Inc plays a significant role in empowering them to fulfill their own missions and make a positive impact in their respective communities. The foundation's mission is a testament to its commitment to supporting local causes and promoting a thriving, united community.
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Impact
July, 2024
The Mirasol Foundation Inc is dedicated to raising funds to distribute to local not-for-profit organizations in Palm Beach Gardens, Florida. This philanthropic endeavor has a direct impact on supporting and empowering various organizations that work towards the betterment of the community. Through its fundraising efforts, The Mirasol Foundation Inc plays a crucial role in providing vital financial support to organizations that address important social issues and contribute to positive change in the local area.
This information is meant to be a general summary of The Mirasol 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $3,109
- Gross Receipts: $624,416
Assets and Liabilities:
- Total Assets: $169,502
- Total Liabilities: $25,959
- Net Assets: $143,543
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Organization Details
Founding Year
2016
Phone
(561) 909-7397Principal Officer
Edward Bonder
Main Address
11600 MIRASOL WAY, PALM BEACH GARDENS, FL, 33418
NTEE Category
Code: T30 - Philanthropy
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