Overview
What is The Foundation For The New Jersey Hall Of Fame Inc?
The Foundation For The New Jersey Hall Of Fame Inc is a nonprofit organization based in Newark, New Jersey, with a mission to celebrate the Garden State, honor its legends, and inspire its children. They achieve this through various activities and programs, such as an annual induction ceremony, a mobile museum, exhibits at Newark Liberty International Airport, educational initiatives like the Arete Scholarship and Legacy Project, and a permanent museum serving as the hub for all their activities. The organization, with a team of two individuals, aims to pay tribute to New Jersey's notable figures and inspire future generations.
Official website here: www.njhalloffame.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 88% (Three-Star out of Four Star rating)
The Foundation For The New Jersey Hall Of Fame Inc has earned a solid Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The organization scored particularly well in areas such as having an entirely independent board and maintaining a healthy liabilities to assets ratio, which reflects good financial health and governance practices.
However, the foundation has noted some weaknesses, particularly regarding its policies and documentation. It lacks a whistleblower policy, document retention and destruction policy, and does not have its tax form posted on its website, which are essential for transparency and accountability. Despite these limitations, the high program expense ratio suggests that a significant portion of its resources is directed towards its mission-related activities.
Overall, while the organization demonstrates effective governance and financial practices, addressing the noted deficiencies in policy documentation would enhance its accountability and trustworthiness moving forward.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about The Foundation For The New Jersey Hall Of Fame Inc?
78% of 14 reviewers on Facebook recommend The Foundation For The New Jersey Hall Of Fame Inc. Here is a summary of their reviews:
Most users found their experience at events, such as the West Orange street fair, to be both engaging and enjoyable. The activities and exhibits offered by the foundation were appreciated for their interesting content, showcasing the state's notable figures and contributions.
Overall, patrons seem to value the foundation's efforts in promoting New Jersey's history and culture, indicating a generally positive sentiment towards its initiatives and public outreach.
This AI summary has been generated from reviews found on Facebook.
Is The Foundation For The New Jersey Hall Of Fame Inc legitimate?
The Foundation For The New Jersey Hall Of Fame Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Foundation For The New Jersey Hall Of Fame 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: $143,111
Professional Fundraising Fees: $0
Other Salaries and Wages: $183,720
For more financial information, click here
Official website here: www.njhalloffame.org
What is the mission statement of The Foundation For The New Jersey Hall Of Fame Inc?
The Foundation for the New Jersey Hall of Fame Inc's mission is centered around celebrating the state of New Jersey, honoring its legends, and inspiring its children. All of their activities, programs, and exhibits are extensions of this mission. This includes their annual induction ceremony, mobile museum, exhibits at Newark Liberty International Airport, educational programs like the Arete Scholarship and Legacy Project, and their permanent museum, which serves as the hub for all their activities and initiatives.
Official website here: www.njhalloffame.org
What is the revenue of The Foundation For The New Jersey Hall Of Fame Inc?
The Foundation For The New Jersey Hall Of Fame Inc's revenue in 2023 was $11,181,102.
Official website here: www.njhalloffame.org
Who are the executives of The Foundation For The New Jersey Hall Of Fame Inc and what are their salaries?
The average compensation at The Foundation For The New Jersey Hall Of Fame Inc during 2023 was $163,416. There are 2 employees and 20 volunteers at The Foundation For The New Jersey Hall Of Fame Inc.
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Official website here: www.njhalloffame.org
Where can I find the form 990 for The Foundation For The New Jersey Hall Of Fame Inc?
The Foundation For The New Jersey Hall Of Fame Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.njhalloffame.org
Learn more at the official website: www.njhalloffame.org
Mission Statement of The Foundation For The New Jersey Hall Of Fame Inc
The Foundation for the New Jersey Hall of Fame Inc has a three-fold mission to celebrate the Garden State, honor its legends, and inspire its children. This mission is reflected in all their activities, programs, and exhibits, such as their annual induction ceremony, the mobile museum, displays at Newark Liberty International Airport, educational initiatives like the Arete Scholarship and Legacy Project, and their permanent museum, serving as the central hub for all their activities and programs. The organization aims to celebrate the unique charm and history of New Jersey, while honoring its distinguished individuals who have made significant contributions in various fields. Furthermore, The Foundation for the New Jersey Hall of Fame Inc is dedicated to inspiring the younger generation by showcasing these role models, encouraging them to strive for excellence and follow in the footsteps of these esteemed figures.
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Impact
July, 2024
The Foundation For The New Jersey Hall Of Fame Inc has a significant impact on celebrating the Garden State, honoring its legends, and inspiring its children. Through activities like the annual Induction Ceremony, the Foundation showcases the achievements of notable individuals and serves as a platform to continue its mission. By hosting educational programs, exhibits, and scholarships, the Foundation enriches the community and preserves the legacy of New Jersey's icons.
This information is meant to be a general summary of The Foundation For The New Jersey Hall Of Fame 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 2023.
- Investment Income: $4,237
- Program Service Revenue: $188,500
- Gross Receipts: $11,181,102
Assets and Liabilities:
- Total Assets: $6,868,457
- Total Liabilities: $1,890,735
- Net Assets: $4,977,722
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INDUCTION CEREMONY
Revenue
$188,500
Organization Details
Founding Year
2014
Principal Officer
Steve Edwards
Website
www.njhalloffame.orgNTEE Category
Code: A50 - Arts
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