Overview
What is 10 Elm Foundation Inc?
10 Elm Foundation Inc is a dedicated nonprofit organization based in Boxford, Massachusetts, located at 10 Elm Street. Their primary mission is to establish a vibrant community gathering place in the heart of the village that is both safe and accessible for all residents. Through their efforts, they successfully raised funds and completed the construction of a new senior/community center, receiving a Certificate of Occupancy. The newly built center has been furnished and equipped with necessary fixtures. The grand opening of the center was celebrated on April 15, 2023. The foundation continues to be an active contributor to the Boxford community, providing a welcoming space for local residents.
Official website here: www.10elmfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star rating.
The 10 Elm Foundation Inc has received a Three-Star rating from Charity Navigator, with an overall score of 76%. This rating reflects a strong emphasis on accountability and finance, particularly highlighted by a program expense ratio of 98.57%, indicating that nearly all funds are directed towards its programs. The foundation also boasts a fully independent board with consistent governance practices.
However, there are notable limitations regarding its governance policies. The organization lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are crucial for transparency and ethical management. Additionally, while the foundation's tax form is listed on its website, other required documents, such as the minutes from board meetings and the tax form itself, are missing from public view.
Despite these shortcomings, the foundation demonstrates a strong commitment to its mission through efficient financial management and an independent board structure, which are critical factors for potential donors when assessing nonprofit organizations.
This AI summary has been generated from information found on Charity Navigator.
Is 10 Elm Foundation Inc legitimate?
10 Elm Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 10 Elm Foundation 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.10elmfoundation.org
What is the mission statement of 10 Elm Foundation Inc?
The 10 Elm Foundation's mission is to establish a vibrant communal space in the heart of a village, ensuring it's safe and accessible for all individuals. Their primary objective is to raise funds for the construction of a new senior/community center. Through their outreach efforts, they successfully managed to secure resources for this project. The construction of the center was completed, and it received a certificate of occupancy. Subsequently, furniture and fixtures were installed, and the grand opening of the new senior/community center took place on April 15, 2023.
Official website here: www.10elmfoundation.org
Who is the CEO of 10 Elm Foundation Inc?
Kenneth Thompson is the President of 10 Elm Foundation Inc.
Official website here: www.10elmfoundation.org
What is the revenue of 10 Elm Foundation Inc?
10 Elm Foundation Inc's revenue in 2023 was $80,436.
Official website here: www.10elmfoundation.org
Who are the executives of 10 Elm Foundation Inc and what are their salaries?
There 14 volunteers at 10 Elm Foundation Inc.
Here are 8 key members and their salaries:
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Official website here: www.10elmfoundation.org
Where can I find the form 990 for 10 Elm Foundation Inc?
10 Elm Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.10elmfoundation.org
Learn more at the official website: www.10elmfoundation.org
Mission Statement of 10 Elm Foundation Inc
The 10 Elm Foundation's mission revolves around establishing a vibrant gathering place in the heart of a village, ensuring it is secure and accessible for all individuals. This mission primarily focuses on raising funds for the construction of a new senior/community center. The organization has been proactive in reaching out to various groups and individuals within the area to garner support for this community project. After a successful fundraising campaign, the construction of the new senior/community center in Boxford, Massachusetts, was completed. The organization received a Certificate of Occupancy, signifying the center's readiness for use. Subsequently, furniture and fixtures were installed, and the center held its grand opening on April 15, 2023. This new senior/community center now serves as a central hub for the community, offering a safe and welcoming space for all.
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Impact
August, 2024
10 Elm Foundation Inc has significantly impacted the community of Boxford by successfully funding and constructing a new senior/community center in the heart of the village. This dynamic gathering place provides a safe and accessible space for all residents. The organization's outreach efforts have brought together various groups and individuals to raise funds for this important community project. With the grand opening of the senior/community center, 10 Elm Foundation Inc has fulfilled its mission to enhance the quality of life for the residents of Boxford, Massachusetts.
This information is meant to be a general summary of 10 Elm Foundation 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 2023.
- Investment Income: $86
- Gross Receipts: $80,436
Assets and Liabilities:
- Total Assets: $83,669
- Total Liabilities: $0
- Net Assets: $83,669
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Organization Details
Founding Year
2019
Phone
(978) 887-6802Principal Officer
Kenneth Thompson
Main Address
10 ELM STREET, BOXFORD, MA, 01921
Website
www.10elmfoundation.orgNTEE Category
Code: P20 - Human services
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