Overview
What is Senior Friends Endowment Fund Inc?
Senior Friends Endowment Fund Inc., situated in Hartford, Wisconsin, serves as a supporting organization for Senior Friends Inc. Its primary mission is to bolster the activities of its parent organization within the human services sector. By functioning as a single organization support organization, it contributes to Senior Friends Inc.'s initiatives, ensuring their continued operation and impact within their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33% (Zero-Star out of Four Star rating)
The Senior Friends Endowment Fund Inc has received a low overall rating of 33%, indicating significant concerns regarding its accountability and financial practices. The score is entirely derived from a single beacon focused on Accountability & Finance, highlighting areas where the organization has not met best practices for transparency and governance.
Despite having a fully independent board and no material diversion of assets, the organization has several critical deficiencies. Notably, it lacks essential governance policies, including a conflict of interest policy and a whistleblower policy, which can compromise the integrity of the organization. Furthermore, vital documents like the charity's website and tax forms are not posted as required, contributing to its low score.
On a positive note, the organization does maintain comprehensive board meeting minutes, showing some level of operational transparency. However, with a program expense ratio of only 47.57%, there are questions about how effectively funds are utilized for their intended programs. Overall, the Senior Friends Endowment Fund Inc needs to address its governance and transparency issues to improve its standing and demonstrate accountability to donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Senior Friends Endowment Fund Inc legitimate?
Senior Friends Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Senior Friends Endowment 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: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Senior Friends Endowment Fund Inc?
The Senior Friends Endowment Fund, in its mission, supports the activities of Senior Friends Inc. Acting as a human services organization, its primary goal is to provide aid and assistance to this entity, ensuring they can carry out their work effectively. The Endowment Fund's role is crucial in providing the necessary resources and backing, allowing Senior Friends Inc. to continue its operations and make a positive impact in their field. By supporting Senior Friends Inc., the Endowment Fund contributes to the betterment of various services aimed at benefiting the community.
Who is the CEO of Senior Friends Endowment Fund Inc?
Scott Lopas is the Secretary of Senior Friends Endowment Fund Inc.
What is the revenue of Senior Friends Endowment Fund Inc?
Senior Friends Endowment Fund Inc's revenue in 2022 was $87,839.
Who are the executives of Senior Friends Endowment Fund 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
Where can I find the form 990 for Senior Friends Endowment Fund Inc?
Senior Friends Endowment Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Senior Friends Endowment Fund Inc
Senior Friends Endowment Fund, as a human services organization, is dedicated to backing the activities of Senior Friends Inc. Its primary mission is to provide financial support, enabling Senior Friends Inc. to carry out its initiatives effectively. By functioning as a single organization support entity, Senior Friends Endowment Fund plays a crucial role in ensuring the continuity and success of Senior Friends Inc.'s projects.
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Impact
October, 2024
The Senior Friends Endowment Fund Inc. plays a crucial role in enhancing the quality of life for seniors in Hartford, WI. By providing financial support to Senior Friends Inc., the Fund enables a variety of programs and services designed to address the specific needs of the elderly community. These activities foster social connections, promote wellness, and facilitate access to essential resources, ultimately empowering seniors to lead fulfilling lives.
Through its commitment to human services, the Fund not only supports individual seniors but also strengthens the broader community by promoting inclusivity and engagement among its older residents. The initiatives funded by the Endowment contribute to building a supportive environment where seniors can connect with one another, receive vital assistance, and remain active participants in their community. Overall, the Senior Friends Endowment Fund Inc. significantly impacts the well-being and vitality of senior citizens in Hartford, making a lasting difference in their lives.
This information is meant to be a general summary of Senior Friends Endowment 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.
- Investment Income: $86,789
- Gross Receipts: $87,839
Assets and Liabilities:
- Total Assets: $1,813,521
- Total Liabilities: $0
- Net Assets: $1,813,521
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Organization Details
Founding Year
2017
Principal Officer
Scott Lopas
Main Address
730 HIGHLAND AVE, HARTFORD, WI, 53027
NTEE Category
Code: P11 - Human services
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