Overview
What is Fop Jim Fogelman Lodge 50 Foundation Incorporated?
The Fop Jim Fogelman Lodge 50 Foundation Incorporated is a charitable organization based in Palm Springs, Florida. Its primary mission is to support various community projects and aid families of fallen law enforcement officers. The foundation carries out this mission through various programs such as providing clothing for homeless veterans, offering disaster relief, supporting the Florida State Law Enforcement Officers' Memorial, and providing educational and critical incident programs. Furthermore, the foundation offers scholarship opportunities for the children and grandchildren of its FOP Lodge 50 members. The organization operates under Section 501(c)(3) of the Internal Revenue Code, making it a tax-exempt charitable entity.
Official website here: www.five0foundation.unionactive.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57%, One-Star out of Four Star Rating
The Fop Jim Fogelman Lodge 50 Foundation Incorporated has received a score of 57%, resulting in a One-Star rating. This rating indicates that the organization may have challenges in key areas of financial accountability and transparency. While it shows strengths such as having a fully independent board and adhering to policies regarding conflict of interest and whistleblowing, other financial metrics suggest a need for improvement.
One of the notable strengths is the charity's commitment to maintaining an independent board, which is crucial for governance. The organization has also demonstrated proper documentation practices, as evidenced by the availability of board meeting minutes and policies on document retention. However, the absence of the tax form on the nonprofit's website is a significant shortcoming, reflecting poorly on its transparency efforts.
Financially, the organization has a concerning program expense ratio of 28.10%, indicating that a smaller portion of its funds is being directed towards its intended programs. Additionally, the liabilities to assets ratio is reported at 0.00%, which may raise concerns about the charity's financial stability and ability to sustain its operations over time. Overall, while there are positive aspects to the foundation, significant areas need improvement to enhance accountability and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Fop Jim Fogelman Lodge 50 Foundation Incorporated legitimate?
Fop Jim Fogelman Lodge #50 Foundation Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fop Jim Fogelman Lodge #50 Foundation Incorporated 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.five0foundation.unionactive.com
What is the mission statement of Fop Jim Fogelman Lodge 50 Foundation Incorporated?
The Fop Jim Fogelman Lodge 50 Foundation Incorporated is dedicated to serving charitable, religious, educational, and scientific purposes. It achieves this by providing financial support to organizations that fall under Section 501(c)(3) of the Internal Revenue Code or its corresponding section in future tax codes. The foundation's primary objective is to make distributions to these qualified exempt organizations, furthering their charitable endeavors.
Official website here: www.five0foundation.unionactive.com
Who is the CEO of Fop Jim Fogelman Lodge 50 Foundation Incorporated?
Luis Blasco is the President of Fop Jim Fogelman Lodge #50 Foundation Incorporated.
Official website here: www.five0foundation.unionactive.com
What is the revenue of Fop Jim Fogelman Lodge 50 Foundation Incorporated?
Fop Jim Fogelman Lodge 50 Foundation Incorporated's revenue in 2022 was $4,954.
Official website here: www.five0foundation.unionactive.com
Who are the executives of Fop Jim Fogelman Lodge 50 Foundation Incorporated and what are their salaries?
There 3 volunteers at Fop Jim Fogelman Lodge 50 Foundation Incorporated.
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
Official website here: www.five0foundation.unionactive.com
Where can I find the form 990 for Fop Jim Fogelman Lodge 50 Foundation Incorporated?
Fop Jim Fogelman Lodge 50 Foundation Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.five0foundation.unionactive.com
Learn more at the official website: www.five0foundation.unionactive.com
Mission Statement of Fop Jim Fogelman Lodge 50 Foundation Incorporated
The Fop Jim Fogelman Lodge 50 Foundation Incorporated is established with a mission to serve charitable, religious, educational, and scientific purposes. This nonprofit organization is structured to make distributions to organizations that fall under Section 501(c)(3) of the Internal Revenue Code, or any future corresponding section. In essence, the Fop Jim Fogelman Lodge 50 Foundation Incorporated is dedicated to contributing to causes that promote betterment in various aspects of life, including but not limited to, religious, educational, and scientific initiatives. The organization's primary goal is to support other charitable organizations that meet the criteria for tax-exempt status, thereby amplifying their impact and contributing to a more harmonious and enlightened society.
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Impact
August, 2024
The impact of FOP Jim Fogelman Lodge 50 Foundation Incorporated extends to supporting various projects and activities that foster community involvement and provide assistance to the families of those who have made the ultimate sacrifice in the line of duty. This includes initiatives such as providing clothing for homeless veterans, disaster relief efforts, contributing to the Florida State Law Enforcement Officers' Memorial, offering educational programs, critical incident support, and providing scholarship opportunities for the children and grandchildren of FOP Lodge 50 members. Through these endeavors, the foundation plays a crucial role in honoring and supporting individuals within the law enforcement community and beyond.
This information is meant to be a general summary of Fop Jim Fogelman Lodge 50 Foundation Incorporated. 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: $4,948
- Gross Receipts: $148,349
Assets and Liabilities:
- Total Assets: $1,817,912
- Total Liabilities: $0
- Net Assets: $1,817,912
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Organization Details
Founding Year
2018
Phone
(561) 891-9580Principal Officer
Luis Blasco
Main Address
3175 So Congress Avenue 304, Palm Springs, FL, 33461
NTEE Category
Code: T50 - Philanthropy
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