Overview
What is Mrs Jc Farley Foundation Inc?
Mrs. Jc Farley Foundation Inc, located in Corea, Maine, is a nonprofit organization dedicated to promoting music and arts education. Their mission involves nurturing young artists, expanding their global reach, and organizing youth arts events. To achieve this, they collaborate with educators and community groups, aiming to instill hope, confidence, and a sense of community spirit in young minds. Through fundraising and operations, they support this cause, contributing positively to the development of future artists.
Official website here: www.mjcfound.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Stars
The Mrs Jc Farley Foundation Inc received a low rating of 56%, indicating significant weaknesses in accountability and finance. Key issues include the lack of independent board members, which scored 0%, as well as missing essential governance policies like conflict of interest and whistleblower policies. Although the charity does have a good program expense ratio of 88.60%, reflecting a commitment to its mission, these governance shortcomings raise concerns about its overall management practices.
Strengths noted in the evaluation include a lack of material diversion of assets, which scored the maximum points possible. The organization also maintains proper documentation for board meeting minutes, which is a positive aspect of its operational transparency. However, the absence of several critical policies and the lack of transparency in disclosing the tax form on its website detract from its credibility.
Overall, the Mrs Jc Farley Foundation Inc faces significant challenges in governance and accountability, which are essential for building trust with donors and the community. Improvement in these areas could enhance its rating and overall effectiveness in achieving its charitable goals.
This AI summary has been generated from information found on Charity Navigator.
Is Mrs Jc Farley Foundation Inc legitimate?
Mrs Jc Farley Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mrs Jc Farley 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
For more financial information, click here
Official website here: www.mjcfound.org/
What is the mission statement of Mrs Jc Farley Foundation Inc?
The Mrs. Jc Farley Foundation Inc's mission is centered around fostering the development of music and arts education. They achieve this by promoting the reach of young artists globally, organizing youth arts events, and collaborating with educators and community groups. This initiative aims to instill a sense of hope, confidence, and community spirit in young minds. The foundation's activities extend beyond just education; they also host events that contribute to this cause.
Official website here: www.mjcfound.org/
Who is the CEO of Mrs Jc Farley Foundation Inc?
William F Mathewson is the President of Mrs Jc Farley Foundation Inc.
Official website here: www.mjcfound.org/
What is the revenue of Mrs Jc Farley Foundation Inc?
Mrs Jc Farley Foundation Inc's revenue in 2020 was $34,548.
Official website here: www.mjcfound.org/
Who are the executives of Mrs Jc Farley Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mjcfound.org/
Where can I find the form 990 for Mrs Jc Farley Foundation Inc?
Mrs Jc Farley Foundation Inc's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.mjcfound.org/
Learn more at the official website: www.mjcfound.org/
Mission Statement of Mrs Jc Farley Foundation Inc
The Mrs. Jc Farley Foundation Inc is dedicated to fostering the development of music and arts education among young artists. Their mission is to extend the reach of these talented individuals across the globe, organize youth arts events, and collaborate with educators and community groups. Through these efforts, the foundation aims to instill a sense of hope, confidence, and community spirit within the minds of the youth. The foundation achieves this by providing essential funding and operational support for music and arts education.
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Impact
August, 2024
The Mrs Jc Farley Foundation Inc has a significant impact on fostering the development of music and arts education. Through their efforts in furthering young artists' reach in the world, organizing youth arts events, and collaborating with educators and community groups, they instill young minds with a sense of hope, confidence, and community spirit. By providing music and arts education through fundraising and operations, the foundation contributes to the enrichment of youth in Corea, ME, and beyond, ultimately promoting creativity and cultural expression.
This information is meant to be a general summary of Mrs Jc Farley 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 2020.
- Investment Income: $300
- Gross Receipts: $34,548
Assets and Liabilities:
- Total Assets: $487,039
- Total Liabilities: $222,188
- Net Assets: $264,851
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Organization Details
Founding Year
2016
Phone
(757) 284-6426Principal Officer
William F Mathewson
Main Address
9 CROWLEY ISLAND ROAD, COREA, ME, 04624
Website
www.mjcfound.org/NTEE Category
Code: A25 - Arts
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