Overview
What is The Grotto Foundation Inc C/O Richard O'Connor?
The Grotto Foundation Inc C/O Richard O'Connor is a nonprofit organization situated at 77 Brant Ave 105, Clark, New Jersey 07066. Their primary mission is to support and foster youth organizations that encourage an interest in Science, Technology, Engineering, and Mathematics (STEM) across New Jersey. By providing assistance to these organizations, they aim to inspire and nurture the next generation in these vital fields.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (53%)
The Grotto Foundation Inc has received a rating of 53%, which is categorized as a One-Star rating. This score reflects significant concerns regarding the charity's accountability and financial practices. Notably, the organization has a 0% independent board, which raises questions about governance and oversight.
The charity does exhibit some strengths, with a program expense ratio of 100%, indicating that all of its expenses are directed towards its programs. Additionally, there is no material diversion of assets, which suggests a good level of financial integrity. However, the absence of essential policies, such as a conflict of interest policy and whistleblower policy, points to a lack of transparency and risk management.
Overall, while The Grotto Foundation Inc shows commitment to its programming, the lack of independent board members and missing governance policies may limit its effectiveness and reliability as a nonprofit organization. Potential donors should consider these factors when evaluating their support.
This AI summary has been generated from information found on Charity Navigator.
Is The Grotto Foundation Inc C/O Richard O'Connor legitimate?
The Grotto Foundation Inc C/O Richard O'Connor is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Grotto Foundation Inc C/O Richard O'Connor 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
What is the mission statement of The Grotto Foundation Inc C/O Richard O'Connor?
The Grotto Foundation Inc, in its mission, focuses on providing assistance to various youth organizations. These organizations share a common goal of fostering interest in Science, Technology, Engineering, and Mathematics (STEM). By offering aid, the foundation seeks to encourage and support the growth of these interests among young individuals. The organization's efforts are aimed at nurturing the next generation of innovators and problem-solvers, thereby contributing to the advancement of these critical fields.
Who is the CEO of The Grotto Foundation Inc C/O Richard O'Connor?
Richard O' Connor is the President of The Grotto Foundation Inc C/O Richard O'Connor.
What is the revenue of The Grotto Foundation Inc C/O Richard O'Connor?
The Grotto Foundation Inc C/O Richard O'Connor's revenue in 2022 was $3,988.
Who are the executives of The Grotto Foundation Inc C/O Richard O'Connor and what are their salaries?
Here are 5 key members and their salaries:
- 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 Grotto Foundation Inc C/O Richard O'Connor?
The Grotto Foundation Inc C/O Richard O'Connor's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Grotto Foundation Inc C/O Richard O'Connor
The Grotto Foundation Inc C/O Richard O'Connor is dedicated to supporting youth organizations that foster an interest in Science, Technology, Engineering, and Mathematics (STEM). This nonprofit organization provides assistance to these organizations with the aim of encouraging young minds to explore and engage with STEM subjects. By doing so, The Grotto Foundation Inc C/O Richard O'Connor aims to inspire and empower the next generation of innovators and problem solvers.
The mission of The Grotto Foundation Inc C/O Richard O'Connor is to recognize and support the vital role that youth organizations play in igniting a passion for STEM. By providing assistance, the foundation seeks to enhance the capabilities and reach of these organizations, thereby enabling more young people to explore and excel in STEM fields. The organization's efforts are focused on promoting STEM education and fostering an interest in these subjects among youth, which is crucial for the advancement of society and the development of future leaders in technology and innovation.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
The Grotto Foundation Inc, under the guidance of Richard O'Connor, has had a significant impact by providing assistance to youth organizations that promote interest in STEM fields. Through its support, the foundation has been able to contribute towards fostering a greater passion for science, technology, engineering, and mathematics among youth in New Jersey. This dedication to encouraging STEM interest plays a crucial role in shaping the future workforce and advancing innovation in the region.
This information is meant to be a general summary of The Grotto Foundation Inc C/O Richard O'Connor. 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: $5,073
Assets and Liabilities:
- Total Assets: $187
- Total Liabilities: $0
- Net Assets: $187
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2016
Phone
(908) 272-8901Principal Officer
Richard O' Connor
Main Address
77 BRANT AVE 105, CLARK, NJ, 07066
NTEE Category
Code: T50 - Philanthropy
If you are a representative of The Grotto Foundation Inc C/O Richard O'Connor and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.