Overview
What is Shamrock Foundation Incorporation?
Shamrock Foundation Incorporation is a nonprofit organization situated in Montclair, California. Their primary goal is to establish a safe environment for individuals experiencing homelessness. By providing a refuge, the foundation aims to cater to the essential needs of these individuals, ensuring their well-being and stability. The organization's mission is deeply rooted in this commitment to offering a sanctuary for those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Star rating.
The Shamrock Foundation Incorporation has received a low score of 52%, reflecting significant weaknesses in accountability and finance. The rating is primarily based on a single beacon score that highlights a lack of independent board members, with none of the eight members being independent. Additionally, the organization has not provided essential financial statements or critical governance policies, which raises concerns about its financial transparency and accountability.
Despite these shortcomings, the foundation has demonstrated a strong program expense ratio of 83.46%, indicating that a substantial portion of its funding is allocated to its programs. However, the absence of a conflict of interest policy, whistleblower policy, and other governance documents suggests a need for improved oversight and operational protocols. The organization has acknowledged its board meeting minutes but lacks several other key transparency components, which could affect stakeholder trust.
Overall, while the Shamrock Foundation Incorporation has achieved commendable program spending, its governance and accountability practices are critically lacking. Addressing these issues would be essential for enhancing its credibility and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Shamrock Foundation Incorporation legitimate?
Shamrock Foundation Incorporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shamrock Foundation Incorporation 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 Shamrock Foundation Incorporation?
The Shamrock Foundation Incorporation's mission is centered around providing a safe refuge for individuals experiencing homelessness. Their primary activity and mission are aligned, aiming to create an environment that offers a sanctuary for those in need. The foundation's goal is to contribute positively to this community, ensuring that those without a permanent home can find a secure space.
Who is the CEO of Shamrock Foundation Incorporation?
Olayinka Latinwo is the Pres of Shamrock Foundation Incorporation.
What is the revenue of Shamrock Foundation Incorporation?
Shamrock Foundation Incorporation's revenue in 2022 was $1,716,131.
Who are the executives of Shamrock Foundation Incorporation and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Shamrock Foundation Incorporation?
Shamrock Foundation Incorporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Shamrock Foundation Incorporation
Shamrock Foundation Incorporation is committed to providing a secure environment for individuals experiencing homelessness. Their mission is fundamentally centered around creating a refuge where those in need can find solace and safety. By offering a sanctuary, the foundation aims to make a significant difference in the lives of those who are homeless, providing them with a sense of security and stability.
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Impact
July, 2024
Shamrock Foundation Incorporation provides a safe refuge for homelessness in the city of Montclair, CA. Their mission is to offer a secure environment for those who are experiencing homelessness, ultimately aiming to improve the lives of individuals in need. Their focus on housing as a key area of impact demonstrates their commitment to addressing the urgent issue of homelessness in their community.
This information is meant to be a general summary of Shamrock Foundation Incorporation. 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: $156
- Gross Receipts: $1,716,131
Assets and Liabilities:
- Total Assets: $2,836,101
- Total Liabilities: $0
- Net Assets: $2,836,101
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Organization Details
Founding Year
2018
Principal Officer
Olayinka Latinwo
Main Address
8880 BENSON AVE STE 120, Montclair, CA, 91763
NTEE Category
Code: L99 - Housing
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