Overview
What is Fellowship Foundation Inc?
Fellowship Foundation Inc, established on July 16, 2019, is a charitable organization aiming to support Fellowship Senior Living's initiatives. Based in Basking Ridge, New Jersey, the Foundation's primary goal is to enhance programs, services, and facilities at Fellowship Village, while also providing benevolent care, team member education, and emergency assistance. It accomplishes this through various initiatives, such as the Annual Gala, individual donations, corporate matching gifts, and a car donation program, among others. The Fellowship Foundation's mission is to support Fellowship Village residents and older adults in the region by providing philanthropic aid. It accomplishes this by funding various projects and programs, including home-health services, hospice, Fellowship Freedom Plans, and therapy services. Fellowship Village is home to over 400 residents and offers a range of living options, from independent homes to skilled nursing and memory care facilities. The Foundation's recent contribution of $60,910 to Fellowship Village, Inc., supported the Healthcare Heroes Program, which aided in covering the costs of protective equipment and providing hazard pay for frontline team members during the recent pandemic. The Fellowship Foundation is dedicated to working with like-minded organizations within the broader community to advance senior living.
Official website here: www.fellowshipseniorliving.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1-Star out of Four Stars (56%)
Fellowship Foundation Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial health. The charity's overall score is primarily affected by its low program expense ratio of 24.91%, which suggests that a minimal portion of its expenses is directed toward its programs. Additionally, the liabilities to assets ratio is 1.08%, reflecting potential financial instability.
Despite these financial challenges, the organization demonstrates strengths in governance and accountability. The foundation boasts a fully independent board of directors, with 90% of its members being independent. It also scores well in areas such as having an audit and oversight committee and maintaining a conflict of interest policy, among other governance practices.
However, the absence of its tax form on the nonprofit's website is a notable limitation, as it impacts transparency and accessibility for potential donors and stakeholders. To improve its standing, the organization may need to focus on increasing program expenditures and enhancing financial transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Fellowship Foundation Inc legitimate?
Fellowship Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fellowship 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: $138,221
For more financial information, click here
Official website here: www.fellowshipseniorliving.com
What is the mission statement of Fellowship Foundation Inc?
The Fellowship Foundation's mission is to support the Fellowship Village, benefiting older adults in the region. This is achieved through philanthropic activities, programs, services, and community enhancements. The foundation works in partnership with like-minded organizations to enhance the quality of life for these individuals. Established by Fellowship Senior Living, the foundation provides opportunities to raise funds for Fellowship Village, enhancing programs and services, upgrading facilities, and offering benevolent care. The foundation supports various initiatives, including the annual gala, individual donations, corporate matching gifts, and memorial donations, among others. Recently, the Foundation dispersed funds to support the Healthcare Heroes Program, providing essential protective equipment and hazard pay for frontline team members during the pandemic.
Official website here: www.fellowshipseniorliving.com
Who is the CEO of Fellowship Foundation Inc?
Lisa Marie Arieno is the Principal Officer of Fellowship Foundation Inc. The CEO's salary of Fellowship Foundation Inc is $0 and their total compensation is $854,598.
Official website here: www.fellowshipseniorliving.com
What is the revenue of Fellowship Foundation Inc?
Fellowship Foundation Inc's revenue in 2022 was $1,618,532.
Official website here: www.fellowshipseniorliving.com
Who are the executives of Fellowship Foundation Inc and what are their salaries?
There 10 volunteers at Fellowship Foundation Inc.
Here are 13 key members and their salaries (Fellowship Foundation Inc's CEO's salary is $0 and their total compensation is $854,598):
- Compensation: $0
- Related: $786,490
- Other: $68,108
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $24,581
- Other: $910
- Compensation: $0
- Related: $70,901
- Other: $79
Official website here: www.fellowshipseniorliving.com
Where can I find the form 990 for Fellowship Foundation Inc?
Fellowship Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fellowshipseniorliving.com
Learn more at the official website: www.fellowshipseniorliving.com
Mission Statement of Fellowship Foundation Inc
Fellowship Foundation Inc, with a commitment to philanthropy, supports Fellowship Village, a community dedicated to older adults. The foundation's mission is to advance Fellowship Village's objective by providing financial assistance. It does so by funding various projects, services, and community enhancements intended to benefit Fellowship Village residents. The foundation works in collaboration with like-minded organizations in the broader community to enhance programs, services, and physical facilities at Fellowship Village, while also supporting benevolent care, team member education, and emergency needs.
To raise funds for its initiatives, Fellowship Foundation Inc has established various programs, such as the annual gala, individual donations, corporate matching gifts, pledges, a car donation program, memorial donations, bequests, naming opportunities, and membership in the Main Stage Society. These efforts support Fellowship Village, a community that offers senior living options, including single-family independent living homes, villas, apartments, assisted living, skilled nursing, and memory care homes. The Life Plan Community (CCRC) provides a wide range of lifestyle enhancements, including five-star dining. Recent projects, supported in part by the Fellowship Foundation, include the addition of a cultural arts center, a state-of-the-art theater, an upscale bar and lounge, an expanded medical center, and a fitness center. These initiatives help Fellowship Village remain a leader in senior living.
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Impact
July, 2024
Fellowship Foundation Inc's impact lies in advancing the Fellowship Village mission through providing philanthropic support to benefit residents and older adults in the region. By raising funds through various initiatives like annual galas, individual donations, and corporate matching gifts, the Foundation supports Fellowship Village projects and programs. This includes enhancing services such as home-health services, hospice care, and therapies for seniors both on and off campus. The Foundation recently dispersed funds to support the Healthcare Heroes program, aiding frontline team members during the pandemic. Through its contributions, Fellowship Foundation Inc ensures that Fellowship Village remains a leader in senior living, offering a range of lifestyle enhancements and healthcare services to over 400 residents in Basking Ridge, NJ.
This information is meant to be a general summary of Fellowship 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 2022.
- Investment Income: $27,611
- Gross Receipts: $2,861,477
Assets and Liabilities:
- Total Assets: $4,324,723
- Total Liabilities: $46,908
- Net Assets: $4,277,815
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Organization Details
Founding Year
2019
Phone
(973) 580-3875Principal Officer
Lisa Marie Arieno
Main Address
8000 FELLOWSHIP ROAD, BASKING RIDGE, NJ, 07920
NTEE Category
Code: P75 - Human services
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