Overview
What is Moles Charitable Fund Inc?
Moles Charitable Fund Inc is a nonprofit organization situated in Montvale, New Jersey. The primary objective of this charity is to contribute to a charitable fund, furthering the vision and purposes of the Moles. This involves undertaking various philanthropic activities, such as providing scholarships, internships, and educational support to deserving individuals. Additionally, the fund supports other charitable purposes that align with its vision. During 2022, scholarships were awarded to academically qualified students at participating colleges and universities. The recipients were chosen by the respective engineering school deans, with no requirement of the student having a connection to any Mole member or their associated company.
Official website here: www.themoles.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 69%)
Moles Charitable Fund Inc has received a Two-Star rating from Charity Navigator, indicating that the organization has room for improvement in its overall operations and accountability practices. While the charity scores well in several areas, such as having a majority of independent board members and a strong liabilities to assets ratio, it falls short in key governance policies, including the absence of a whistleblower and document retention policies.
The charity demonstrates good financial practices, with a program expense ratio that indicates a decent allocation of resources towards its mission. However, the lack of transparency in publicly posting essential documents on its website and the absence of certain governance policies may raise concerns for potential donors regarding the organization's commitment to accountability and ethical practices.
Overall, while Moles Charitable Fund Inc exhibits some strengths in its board structure and financial stability, the identified shortcomings in governance and transparency highlight areas that need attention to enhance trust and effectiveness in its charitable activities.
This AI summary has been generated from information found on Charity Navigator.
Is Moles Charitable Fund Inc legitimate?
Moles Charitable Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Moles Charitable 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
For more financial information, click here
Official website here: www.themoles.net
What is the mission statement of Moles Charitable Fund Inc?
Moles Charitable Fund Inc's mission is to establish and manage a charitable fund, with the aim of furthering the general vision and purposes of the Moles. This involves supporting various charitable causes, such as maintaining and funding scholarships, internships, and educational outreach. The fund also extends its support to these initiatives and other charitable purposes that align with its vision. The fund has the discretion to determine which causes are consistent with its mission.
Official website here: www.themoles.net
Who is the CEO of Moles Charitable Fund Inc?
David Puza is the Director of Moles Charitable Fund Inc.
Official website here: www.themoles.net
What is the revenue of Moles Charitable Fund Inc?
Moles Charitable Fund Inc's revenue in 2022 was $713,020.
Official website here: www.themoles.net
Who are the executives of Moles Charitable Fund Inc and what are their salaries?
There 6 volunteers at Moles Charitable Fund Inc.
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $240,043
- Other: $0
- Compensation: $0
- Related: $72,917
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.themoles.net
Where can I find the form 990 for Moles Charitable Fund Inc?
Moles Charitable Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.themoles.net
Learn more at the official website: www.themoles.net
Mission Statement of Moles Charitable Fund Inc
Moles Charitable Fund Inc is established with the mission to collect, manage, and administer a charitable fund. This fund is intended to support and foster the broader vision and objectives of the Moles. The fund's charitable purposes encompass various altruistic endeavors, such as maintaining and funding scholarships, internships, and educational outreach. Moreover, it extends its support to these initiatives, ensuring their continuity and growth. The fund is also open to considering and supporting other charitable objectives that align with its vision, as it deems appropriate.
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Impact
July, 2024
Moles Charitable Fund Inc's impact lies in its dedication to furthering the educational pursuits of deserving students through scholarships. By providing financial support to academically qualified individuals at participating colleges and universities, the fund directly contributes to the advancement of education and the empowerment of future leaders. Additionally, the fund's focus on scholarships, internships, and educational outreach reflects its commitment to supporting various charitable endeavors aligned with the overarching vision and purposes of the organization. Through these initiatives, Moles Charitable Fund Inc significantly impacts individuals' lives and helps create opportunities for academic growth and professional development.
This information is meant to be a general summary of Moles Charitable 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 2022.
- Investment Income: $5,101
- Gross Receipts: $1,328,234
Assets and Liabilities:
- Total Assets: $1,886,607
- Total Liabilities: $2,000
- Net Assets: $1,884,607
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Organization Details
Founding Year
2018
Phone
(201) 930-1923Principal Officer
David Puza
Main Address
50 CHESTNUT RIDGE ROAD 102, MONTVALE, NJ, 07645
Website
www.themoles.netNTEE Category
Code: X99 - Religion related
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