Overview
What is Frank Fernicola Charitable Foundation?
The Frank Fernicola Charitable Foundation is a nonprofit organization situated in San Diego, California. Its primary mission is to support children in the county by funding their education and contributing to charitable causes. Furthermore, the foundation extends its aid to children beyond their teenage years by supporting organizations that benefit them. Additionally, the foundation provides assistance to individuals who have faced financial hardships or have low income, acknowledging their commendable actions that benefit others, such as veterans.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Star rating)
The Frank Fernicola Charitable Foundation has received a 66% score from Charity Navigator, indicating a moderate level of accountability and financial health. With a program expense ratio of 99.10%, the foundation demonstrates a strong commitment to dedicating its resources toward its charitable mission. However, the organization faces significant challenges in governance areas, such as the lack of an independent board size and missing essential policies like conflict of interest and whistleblower protections.
Strengths include a fully independent board member representation, scoring a perfect 10 out of 10 in that area, and a favorable liabilities to assets ratio at 0.00%, which suggests solid financial stability. The foundation has also ensured that its tax forms are accessible online, enhancing transparency in its operations. Nonetheless, the absence of a website listed on its tax form raises concerns about its online presence and accessibility to the public.
The limitations highlighted in the rating emphasize the need for the foundation to strengthen its governance policies and improve overall transparency. Addressing these gaps could enhance trust and credibility within the community it seeks to serve. Overall, while the foundation shows promise in financial management, it must prioritize improving its governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Frank Fernicola Charitable Foundation legitimate?
Frank Fernicola Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frank Fernicola Charitable Foundation 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
What is the mission statement of Frank Fernicola Charitable Foundation?
The Frank Fernicola Charitable Foundation is dedicated to providing aid to children, specifically in their educational pursuits in San Diego County. Moreover, the foundation supports organizations that benefit children up until their teenage years. Additionally, it extends its assistance to individuals who have experienced financial hardships or have a low income, recognizing their merits if they have contributed positively to the benefit of others. This support extends to veterans as well. Overall, the foundation's mission is to provide aid and support to these various groups in need.
Who is the CEO of Frank Fernicola Charitable Foundation?
Frank Fernicola is the Director, President of Frank Fernicola Charitable Foundation.
What is the revenue of Frank Fernicola Charitable Foundation?
Frank Fernicola Charitable Foundation's revenue in 2022 was $202.
Who are the executives of Frank Fernicola Charitable Foundation 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 Frank Fernicola Charitable Foundation?
Frank Fernicola Charitable Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Frank Fernicola Charitable Foundation
The Frank Fernicola Charitable Foundation is committed to providing aid to a variety of individuals and causes. One of its primary focuses is on assisting children in San Diego County with their education. Beyond this, the foundation also supports organizations that benefit children throughout their teenage years. Additionally, the foundation extends its aid to individuals who have experienced financial hardship or have a low income, providing assistance due to their actions that positively impact others, including veterans. In essence, the Frank Fernicola Charitable Foundation seeks to make a difference in the lives of children and those in need by offering financial aid and support.
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Impact
October, 2024
The Frank Fernicola Charitable Foundation significantly impacts the lives of children and families in San Diego County by providing vital educational support and assisting various charitable causes. Focused on aiding children through their educational journeys, the foundation actively supports organizations that benefit young people up through their teenage years.
In addition to educational assistance, the foundation addresses the needs of individuals facing financial hardship, ensuring that deserving families receive support in challenging times. This includes helping veterans who have contributed positively to their communities. Through its dedicated efforts, the foundation fosters a sense of community and encourages the pursuit of education and well-being for those who need it most.
This information is meant to be a general summary of Frank Fernicola Charitable Foundation. 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: $202
- Gross Receipts: $202
Assets and Liabilities:
- Total Assets: $66,152
- Total Liabilities: $0
- Net Assets: $66,152
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Organization Details
Founding Year
2018
Phone
(858) 900-2364Principal Officer
Frank Fernicola
Main Address
4135 CASS ST, SAN DIEGO, CA, 92109
NTEE Category
Code: T30 - Philanthropy
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