Overview
What is Mec Fund Inc?
Mec Fund Inc, based in Brooklyn, New York, is a nonprofit organization dedicated to promoting and supporting various charitable activities. Their mission encompasses providing grants, funding, and financial assistance to individuals, institutions, and organizations that aid and assist Jewish Orthodox religious institutions both domestically and internationally. Additionally, Mec Fund Inc encourages and supports medical advancements and makes direct charitable grants to the needy and the poor. Their generous contributions and financial assistance extend to aiding and fostering charitable activities through the support of religious institutions in various countries.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Stars)
Mec Fund Inc has earned a Three-Star rating with a score of 75%, reflecting a solid performance in accountability and finance. This rating is based entirely on their Accountability & Finance category, which indicates a strong focus on responsible financial management. The evaluation was conducted for the most recent fiscal year, FY2022, showcasing their commitment to transparency and ethical practices.
The organization demonstrates noteworthy strengths, including a fully independent board with eight members and a strong program expense ratio of 98.53%. They have no reported material diversion of assets, and their policies on conflicts of interest and whistleblowing are well-defined and published. These factors contribute to their overall positive standing, highlighting effective governance and an emphasis on program delivery.
While the rating is commendable, potential donors may wish to consider the limited scope of the evaluation, which is based solely on financial metrics. There is no mention of program impact or community feedback, which are also important when assessing a nonprofit's effectiveness. Overall, Mec Fund Inc appears to be a financially stable organization with a commitment to accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Mec Fund Inc legitimate?
Mec Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mec 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: $29,084
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Mec Fund Inc?
Mec Fund Inc's mission is to promote and support charitable activities by providing grants, funding, and financial assistance to various individuals, institutions, and organizations dedicated to aiding Jewish Orthodox religious institutions both domestically and internationally. The organization also encourages and supports charitable activities through the support of religious institutions in various countries. Furthermore, Mec Fund Inc aims to foster medical advancements and makes direct charitable grants to the needy and the poor. In essence, their mission is to aid and assist Jewish Orthodox religious institutions, promote charitable activities, and support medical advancements.
Who is the CEO of Mec Fund Inc?
Mark Smilow is the Director of Mec Fund Inc.
What is the revenue of Mec Fund Inc?
Mec Fund Inc's revenue in 2022 was $1,267,305.
Who are the executives of Mec Fund Inc 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 Mec Fund Inc?
Mec Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mec Fund Inc
Mec Fund Inc, a charitable organization, is committed to promoting and supporting various charitable activities. It accomplishes this by providing grants, funding, and financial assistance to numerous individuals, institutions, and organizations that are dedicated to aiding and assisting Jewish Orthodox religious institutions within the United States and abroad. The nonprofit also seeks to encourage and support charitable activities through the support of religious institutions in both domestic and foreign countries. Furthermore, Mec Fund Inc is dedicated to fostering medical advancements and making direct charitable grants to the needy and the poor. By pursuing these objectives, Mec Fund Inc aims to contribute to the betterment of society and the well-being of individuals in need.
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Impact
July, 2024
Mec Fund Inc's impact lies in promoting and supporting selected charitable activities aimed at aiding and assisting Jewish Orthodox religious institutions in the United States and abroad. By providing grants, funding, and financial assistance to individuals, institutions, and organizations dedicated to these causes, Mec Fund Inc plays a crucial role in fostering and promoting charitable activities within the religious community. Additionally, the organization's support for medical advancements and direct charitable grants to the needy and poor further contribute to its impactful mission of making a difference in the lives of those in need.
This information is meant to be a general summary of Mec 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.
- Gross Receipts: $1,267,305
Assets and Liabilities:
- Total Assets: $228,104
- Total Liabilities: $0
- Net Assets: $228,104
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Organization Details
Founding Year
2018
Phone
(718) 697-7196Principal Officer
Mark Smilow
Main Address
1478 EAST 28TH STREET, BROOKLYN, NY, 11210
NTEE Category
Code: X99 - Religion related
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