Overview
What is Debra C Parmentola Foundation?
The Debra C Parmentola Foundation, situated in Lincroft, New Jersey, is a charitable organization that prioritizes providing educational support to deserving individuals. Specifically, they award college scholarships to graduates from Communication High School in Wall, New Jersey, and Dancers Plus from Little Silver, New Jersey. Their mission is centered around fostering academic growth and success among these worthy candidates by offering financial aid and related educational resources. The Foundation's address, 188 Everett Road, serves as their base of operations in Lincroft, New Jersey.
Official website here: www.debraparmfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating.
The Debra C Parmentola Foundation has received a Three-Star rating from Charity Navigator, reflecting a solid performance primarily in the area of Accountability & Finance. The foundation boasts a fully independent board, with 100% of its members being independent, and it has a strong program expense ratio of 87.92%, indicating effective allocation of funds towards its mission.
However, the organization has some significant limitations, particularly regarding governance policies. It lacks critical policies such as a conflict of interest policy, a whistleblower policy, and document retention and destruction protocols, all of which have impacted its overall score. Additionally, while it does post board meeting minutes, it fails to make its tax form available on its website, which could affect transparency with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Debra C Parmentola Foundation legitimate?
Debra C Parmentola Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Debra C Parmentola Foundation 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.debraparmfoundation.org
What is the mission statement of Debra C Parmentola Foundation?
The Debra C Parmentola Foundation's mission is centered around providing scholarships and educational support to deserving candidates. In pursuit of this mission, the foundation awards college scholarships to eligible high school graduates from Communication High School in Wall, New Jersey, and Dancers Plus from Little Silver, New Jersey. By offering these educational resources, the foundation aims to contribute positively to the academic journeys of its recipients.
Official website here: www.debraparmfoundation.org
Who is the CEO of Debra C Parmentola Foundation?
Paul M Parentola is the Principal Officer of Debra C Parmentola Foundation.
Official website here: www.debraparmfoundation.org
What is the revenue of Debra C Parmentola Foundation?
Debra C Parmentola Foundation's revenue in 2022 was $74,514.
Official website here: www.debraparmfoundation.org
Who are the executives of Debra C Parmentola Foundation and what are their salaries?
There 7 volunteers at Debra C Parmentola Foundation.
Here are 7 key members and their salaries:
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Official website here: www.debraparmfoundation.org
Where can I find the form 990 for Debra C Parmentola Foundation?
Debra C Parmentola Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.debraparmfoundation.org
Learn more at the official website: www.debraparmfoundation.org
Mission Statement of Debra C Parmentola Foundation
The Debra C Parmentola Foundation is dedicated to providing scholarships and various educational support to deserving candidates. This nonprofit organization's mission is to empower individuals by offering financial aid for higher education, aiding high school graduates from Communication High School in Wall, New Jersey, and Dancers Plus from Little Silver, New Jersey, in their academic pursuits. The foundation's mission is a testament to its commitment to investing in the future leaders of society by providing them with the necessary educational resources.
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Impact
August, 2024
The Debra C Parmentola Foundation's impact is significant in providing scholarships and educational support to deserving candidates. Specifically, the foundation has granted college scholarships to high school graduates from Communication HS in Wall, NJ, and Dancers Plus from Little Silver, NJ. By offering these opportunities, the foundation is helping these individuals pursue higher education and achieve their academic goals. This direct support contributes to the improvement of the community by investing in the education and future success of promising students.
This information is meant to be a general summary of Debra C Parmentola Foundation. 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: -$38,102
- Gross Receipts: $460,468
Assets and Liabilities:
- Total Assets: $553,696
- Total Liabilities: $0
- Net Assets: $553,696
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Organization Details
Founding Year
2017
Phone
(732) 648-8406Principal Officer
Paul M Parentola
Main Address
188 EVERETT ROAD, LINCROFT, NJ, 07738
Website
www.debraparmfoundation.orgNTEE Category
Code: S80 - Community improvement
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