Overview
What is Daniel Federici Memorial Foundation?
The Daniel Federici Memorial Foundation, situated in East Longmeadow, Massachusetts, is a nonprofit organization that raises funds primarily through an annual golf tournament and various donations. Their mission is to honor the memory of Daniel Federici by providing scholarships to deserving high school students, including those from St. Mary's Academy. The foundation holds this annual event to generate financial support, which subsequently is distributed as scholarships for promising young individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33% (Zero-Star out of Four Star rating)
The Daniel Federici Memorial Foundation has received a low score of 33%, which translates to a Zero-Star rating. This score primarily reflects concerns in its Accountability & Finance metrics, where significant areas such as the absence of key policies (conflict of interest, whistleblower, document retention) have negatively impacted its rating. The foundation does exhibit strengths, including a fully independent board and a record indicating no material diversion of assets.
While the foundation has some positive aspects, its overall financial accountability raises red flags. Notably, it reported a program expense ratio of only 28.77%, indicating that a significant portion of its expenses may not be directed towards its core mission. Additionally, essential documents and policies that enhance transparency and good governance are missing from its operations and website.
In summary, potential donors and supporters should exercise caution due to the foundation's low accountability score and the lack of vital governance policies. Addressing these limitations would be crucial for improving its standing and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Daniel Federici Memorial Foundation legitimate?
Daniel Federici Memorial Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Daniel Federici Memorial 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
What is the mission statement of Daniel Federici Memorial Foundation?
The Daniel Federici Memorial Foundation's mission is centered around raising funds through annual golf tournaments and various events. The primary objective of these fundraising activities is to provide scholarships for deserving high school students. The foundation also accepts miscellaneous donations, which contribute to the funding of these scholarships. The scholarships are awarded to students from high schools and St. Mary's Academy, serving as a tribute to Daniel Federici's memory. The foundation's mission aims to support the educational aspirations of deserving students, thereby contributing to their future prospects.
Who is the CEO of Daniel Federici Memorial Foundation?
Paul L Federici is the Director of Daniel Federici Memorial Foundation.
What is the revenue of Daniel Federici Memorial Foundation?
Daniel Federici Memorial Foundation's revenue in 2022 was $31,682.
Who are the executives of Daniel Federici Memorial Foundation and what are their salaries?
Here are 4 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
Where can I find the form 990 for Daniel Federici Memorial Foundation?
Daniel Federici Memorial Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Daniel Federici Memorial Foundation
The Daniel Federici Memorial Foundation is an organization committed to honoring the memory of Daniel Federici by raising funds through annual golf tournaments and various events. Their primary mission is to provide scholarships for deserving high school students, utilizing the proceeds from these events and additional donations. The foundation aims to assist students in continuing their education, thereby providing them with opportunities to pursue their dreams and achieve their full potential. The scholarships granted by the Daniel Federici Memorial Foundation serve as a testament to the foundation's dedication to nurturing the future generation by supporting those who demonstrate promise and merit.
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 Daniel Federici Memorial Foundation has a significant impact on the education sector by providing scholarships to deserving high school students. Through their annual golf tournament and other fundraising events, they are able to raise funds to support students in pursuing their educational goals. This support not only helps students financially but also provides motivation and encouragement for them to excel academically. Overall, the foundation's commitment to honoring Daniel Federici's memory through promoting education demonstrates a meaningful and lasting impact on the lives of students in East Longmeadow, Massachusetts.
This information is meant to be a general summary of Daniel Federici Memorial 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.
- Program Service Revenue: $26,086
- Gross Receipts: $31,682
Assets and Liabilities:
- Total Assets: $37,109
- Total Liabilities: $0
- Net Assets: $37,109
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GOLF TOURNAMENT
Revenue
$26,086
Organization Details
Founding Year
2018
Phone
(413) 537-0493Principal Officer
Paul L Federici
Main Address
19 HAMPDEN ROAD, EAST LONGMEADOW, MA, 01028
NTEE Category
Code: B82 - Education
If you are a representative of Daniel Federici Memorial Foundation 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.