Overview
What is The Maaser Fund Corp?
The Maaser Fund Corp is a nonprofit organization dedicated to assisting disadvantaged families and charitable tax-exempt organizations. They provide essential support to families in need by offering financial aid, food, clothing, and necessary supplies. Simultaneously, they grant money and resources to other charitable organizations to aid them in leading more productive lives and returning to a secure and normal lifestyle. By doing so, The Maaser Fund Corp aims to contribute positively to the well-being of those in need and enhance the overall community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Stars
The Maaser Fund Corp has received a low rating of 53%, translating to a One-Star designation. This rating is primarily based on the organization's accountability and finance practices, suggesting significant room for improvement in governance and transparency.
One key strength noted is that the organization has no material diversion of assets, scoring a perfect 10 out of 10 in that category. Furthermore, it has a favorable program expense ratio of 100%, indicating that all reported expenditures are directed toward its charitable programs. However, the organization faces serious shortcomings, including a complete lack of independent board members and missing critical governance policies, which negatively impacts its overall rating.
The absence of essential documentation, such as a conflict of interest policy and a whistleblower policy, also raises concerns regarding the organization's operational integrity. Additionally, important information like the nonprofit's website is not listed on its tax forms, further highlighting transparency issues. This combination of strengths and limitations suggests that while The Maaser Fund Corp is effectively utilizing its funds for programs, there are significant governance and transparency issues that potential donors should consider.
This AI summary has been generated from information found on Charity Navigator.
Is The Maaser Fund Corp legitimate?
The Maaser Fund Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Maaser Fund Corp 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 The Maaser Fund Corp?
The Maaser Fund Corp is established with a mission to aid disadvantaged families by offering financial assistance, essential supplies such as food and clothing, and grants to charitable tax-exempt organizations. The primary objective is to help these families lead more productive lives and return to a secure and normal living situation. Additionally, The Maaser Fund Corp provides financial aid to these charitable organizations, enabling them to carry out their activities more effectively and improve their overall impact.
Who is the CEO of The Maaser Fund Corp?
Elie Bassalian is the President of The Maaser Fund Corp.
What is the revenue of The Maaser Fund Corp?
The Maaser Fund Corp's revenue in 2022 was $82,531.
Who are the executives of The Maaser Fund Corp and what are their salaries?
Here are 3 key members and their salaries:
- 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 The Maaser Fund Corp?
The Maaser Fund Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Maaser Fund Corp
The Maaser Fund Corp, a nonprofit organization, is established with a mission to aid disadvantaged families. It provides essential resources such as financial assistance, food, clothing, and supplies to those in need. Additionally, the organization extends its support by offering monetary grants to charitable tax-exempt organizations. These organizations utilize these funds to enhance their capabilities and ultimately help their beneficiaries lead more productive lives, ultimately enabling them to return to a normal and safe way of living. By providing both direct aid and financial assistance to other charities, The Maaser Fund Corp aims to make a significant impact on the lives of disadvantaged families and communities, empowering them to rebuild and thrive.
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Impact
October, 2024
The Maaser Fund Corp plays a vital role in supporting disadvantaged families by offering essential financial assistance, food, clothing, and supplies to those in need. Its impactful programs not only cater to the immediate needs of individuals and families but also extend resources to charitable tax-exempt organizations. By providing grants and funding, The Maaser Fund helps these organizations enhance their ability to serve communities, ultimately enabling beneficiaries to lead more productive lives and work towards a stable and safe existence. Operating out of Great Neck, NY, The Maaser Fund Corp addresses pressing social challenges, focusing on upliftment and empowerment for disadvantaged families, fostering a sense of community and support where it is most needed.
This information is meant to be a general summary of The Maaser Fund Corp. 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: $82,531
- Gross Receipts: $82,531
Assets and Liabilities:
- Total Assets: $19,174
- Total Liabilities: $0
- Net Assets: $19,174
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DIRECT PUBLIC SUPPORT
Revenue
$82,531
Organization Details
Founding Year
2018
Phone
(516) 858-3516Principal Officer
Elie Bassalian
Main Address
185 GREAT NECK ROAD SUITE 420, GREAT NECK, NY, 11021
NTEE Category
Code: P40 - Human services
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