Overview
What is Madelyns Fund?
Madelyns Fund is a small nonprofit organization situated in Charlotte, North Carolina, with a modest workforce of two individuals. Their primary focus is to provide support and aid to families who endure the challenging experience of having an infant or child in the Neonatal Intensive Care Unit (NICU). Beyond this, they offer assistance to families who have undergone the trauma of infant loss. Their mission encompasses both supporting the wellbeing of these infants and children and helping their families navigate through this difficult period. Madelyns Fund aims to offer comfort and resources to those in need, contributing to a more compassionate and understanding community.
Official website here: www.madelynsfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 69%)
Madelyns Fund has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. While the organization boasts a strong independent board with 100% of its members being independent and a high program expense ratio of 96.61%, which reflects a strong commitment to its mission, significant weaknesses were also noted in areas such as financial transparency and governance policies.
The absence of essential financial statements and a lack of key governance documents, such as a conflict of interest policy and a whistleblower policy, raise concerns about the organization’s overall accountability. Additionally, the nonprofit has not posted its tax form on its website, which hinders transparency and could affect public trust.
On a positive note, Madelyns Fund demonstrates effective management of its assets, with a very low liabilities to assets ratio. However, addressing the identified gaps in governance and transparency will be crucial for improving its rating and building stakeholder confidence in the future.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Madelyns Fund?
100% of the reviewers on Facebook recommend Madelyn's Fund, confirming its positive impact on the community. Many express appreciation for the organization's dedication to assisting NICU parents, highlighting the sense of support and family it fosters among those in need.
The heartfelt testimonials underscore the significant role Madelyn's Fund plays in providing resources and caring assistance, making a real difference in the lives of families during challenging times. Reviewers encourage others to engage with the organization's mission, indicating that their contributions are truly valued.
Overall, it’s clear that this nonprofit not only meets but exceeds the expectations of those it serves, successfully creating a supportive environment for NICU families.
This AI summary has been generated from reviews found on Facebook.
Is Madelyns Fund legitimate?
Madelyns Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madelyns Fund 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: $76,998
For more financial information, click here
Official website here: www.madelynsfund.org
What is the mission statement of Madelyns Fund?
Madelyn's Fund is dedicated to its mission of providing support to families with infant and pediatric patients in Neonatal Intensive Care Units (NICUs). Additionally, the organization extends its aid to families who have gone through the distressing experience of infant loss. The primary goal of Madelyn's Fund is to offer comfort and assistance during these challenging times. The organization's activities aim to provide emotional support and resources to help families navigate through their journey.
Official website here: www.madelynsfund.org
Who is the CEO of Madelyns Fund?
Rachel Lee is the President/Sec. of Madelyns Fund.
Official website here: www.madelynsfund.org
What is the revenue of Madelyns Fund?
Madelyns Fund's revenue in 2022 was $616,993.
Official website here: www.madelynsfund.org
Who are the executives of Madelyns Fund and what are their salaries?
The average compensation at Madelyns Fund during 2022 was $38,499. There are 2 employees and 35 volunteers at Madelyns Fund.
Here are 11 key members and their salaries:
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Official website here: www.madelynsfund.org
Where can I find the form 990 for Madelyns Fund?
Madelyns Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.madelynsfund.org
Learn more at the official website: www.madelynsfund.org
Mission Statement of Madelyns Fund
Madelyn's Fund is committed to supporting families who find themselves in the challenging situation of having an infant or pediatric patient in the Neonatal Intensive Care Unit (NICU). Beyond this, the organization extends its aid to individuals who have experienced the heartbreak of infant loss. The mission of Madelyn's Fund is multifaceted, aiming to provide comfort and assistance to these families during their difficult journey. By offering its support, the organization seeks to alleviate some of the emotional and physical stress that often accompanies a stay in the NICU and the trauma of infant loss.
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Impact
July, 2024
Madelyns Fund's impact is significant in supporting infant and pediatric patients in the NICU and their families. They provide crucial assistance to those who experience the trauma of infant loss, offering support and resources during a difficult time. Their presence is particularly felt in Charlotte, NC, where they work tirelessly to aid families in the Neonatal Intensive Care Unit. Through their compassionate efforts, Madelyns Fund makes a difference in the lives of those facing challenging medical circumstances, providing much-needed comfort and care.
This information is meant to be a general summary of Madelyns Fund. 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: $14,622
- Gross Receipts: $787,244
Assets and Liabilities:
- Total Assets: $832,448
- Total Liabilities: $14,484
- Net Assets: $817,964
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Organization Details
Founding Year
2017
Principal Officer
Rachel Lee
Main Address
227 Hempstead Place, Charlotte, NC, 28207
Website
www.madelynsfund.orgNTEE Category
Code: G12 - Disease
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