Overview
What is Bc Matthew Ryan Memorial Fund Inc?
Bc Matthew Ryan Memorial Fund Inc, based in Seaford, New York, is a nonprofit organization that provides financial assistance to the children of active, retired, or deceased first responders. Their mission is to alleviate the financial burden associated with pursuing trade school, higher education, or vocational training. The fund awards two grants of $1,000 each annually, distributing one grant to Chaminade High School and another to SUNY Geneseo. This philanthropic endeavor aims to support the educational aspirations of the children whose parents have dedicated their lives to ensuring public safety.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating
The Bc Matthew Ryan Memorial Fund Inc has received a score of 73%, which translates to a Two-Star rating. This rating is primarily based on its accountability and finance measures, reflecting a strong commitment to transparency and responsible financial management. The organization scored exceptionally well in several areas, including having 100% independent board members and no material diversion of assets, indicating a high level of integrity in its operations.
Strengths include a robust board structure with four independent members and clear documentation of board meeting minutes. Additionally, the charity maintains a favorable liabilities to assets ratio of 0.00%, which showcases its financial stability. The organization allocates all its expenses directly to its programs, achieving a program expense ratio of 100.00%, demonstrating that it effectively directs resources towards its mission.
Despite its strengths, the overall rating of Two Stars suggests that there may be areas for improvement in the organization. While it excels in accountability and finance, prospective donors may want to consider this rating when evaluating the charity's effectiveness and impact. More comprehensive metrics or performance evaluations could enhance its standing and provide a fuller picture of its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Bc Matthew Ryan Memorial Fund Inc legitimate?
Bc Matthew Ryan Memorial Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bc Matthew Ryan Memorial 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
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What is the mission statement of Bc Matthew Ryan Memorial Fund Inc?
The Bc Matthew Ryan Memorial Fund Inc is committed to providing financial assistance to the children of active, retired, or deceased first responders. This aid is intended to cover the expenses associated with trade school, higher education, or vocational school. The organization's mission is to ensure that these children have the opportunity to pursue their educational goals, regardless of their parents' employment status or unfortunate circumstances. The fund has previously granted 2,000 dollars each to Chaminade High School and SUNY Geneseo.
Who is the CEO of Bc Matthew Ryan Memorial Fund Inc?
Margaret Ryan is the Secretary of Bc Matthew Ryan Memorial Fund Inc.
What is the revenue of Bc Matthew Ryan Memorial Fund Inc?
Bc Matthew Ryan Memorial Fund Inc's revenue in 2023 was $15,016.
Who are the executives of Bc Matthew Ryan Memorial Fund Inc and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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- Other: $0
- Compensation: $0
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Where can I find the form 990 for Bc Matthew Ryan Memorial Fund Inc?
Bc Matthew Ryan Memorial Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Bc Matthew Ryan Memorial Fund Inc
The BC Matthew Ryan Memorial Fund Inc is an organization dedicated to providing financial assistance to the children of active, retired, or deceased first responders. This assistance is intended to cover the costs of trade school, higher education, or vocational school. The nonprofit's mission is to alleviate the financial burden associated with furthering one's education for these children, ensuring they have the opportunity to pursue their chosen paths. The fund has provided grants to various educational institutions, including Chaminade High School and SUNY Geneseo, to support this cause. By offering financial aid, the BC Matthew Ryan Memorial Fund Inc is making a significant contribution to the future of these children, honoring the service and sacrifice of their first responder parents.
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Impact
August, 2024
The Bc Matthew Ryan Memorial Fund Inc provides crucial financial assistance to the children of active, retired, or deceased first responders, enabling them to pursue trade school, higher education, or vocational training. Through grants, such as the $2,000 awarded to two students at Chaminade High School and SUNY Geneseo, this organization directly impacts the educational and professional futures of these deserving individuals. By easing the financial burden of education, the fund contributes to the development of a skilled and educated workforce while honoring the service and sacrifice of first responders.
This information is meant to be a general summary of Bc Matthew Ryan Memorial 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 2023.
- Investment Income: $41
- Gross Receipts: $15,016
Assets and Liabilities:
- Total Assets: $216,454
- Total Liabilities: $0
- Net Assets: $216,454
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Organization Details
Founding Year
2017
Phone
(516) 314-1686Principal Officer
Margaret Ryan
Main Address
709 ARLINGTON DRIVE, SEAFORD, NY, 11783
NTEE Category
Code: B82 - Education
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