Overview
What is Mann Charitable Foundation?
The Mann Charitable Foundation, located in Sylmar, California, is a nonprofit organization dedicated to honoring the legacy of Alfred E. Mann by raising funds and providing grants. Their mission is to support causes that resonated with Mann, primarily medical research and the arts. By offering financial assistance to eligible tax-exempt charitable organizations, the foundation aims to contribute to various charitable initiatives and help these organizations fulfill their objectives. The foundation's activities center around raising funds in memory of Alfred E. Mann, thereby continuing his philanthropic legacy.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
The Mann Charitable Foundation has received a rating of 64%, indicating a need for improvement in its accountability and financial practices. While the organization does not have independent board members, which raises concerns about governance, it has maintained a strong program expense ratio of 97.73%, suggesting that nearly all its expenses are directed toward programs rather than administrative costs.
Positive indicators include the presence of conflict of interest, whistleblower, and document retention policies, all of which are fully compliant. The foundation also reports no material diversion of assets, achieving full points in that area. However, the lack of transparency through missing financial statements and a website link on the tax form could hinder public trust and accountability.
Overall, while the Mann Charitable Foundation shows strengths in program spending and governance policies, its lack of independent oversight and transparency issues present significant limitations that potential donors should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Mann Charitable Foundation legitimate?
Mann Charitable Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mann 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
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What is the mission statement of Mann Charitable Foundation?
The Mann Charitable Foundation's mission is centered around honoring the legacy of Alfred E. Mann by raising funds and providing support to charitable organizations. This support is primarily focused on two key areas: medical research and the arts. The foundation achieves this by granting funds to relevant tax-exempt charitable organizations. The primary purpose of these donations is to aid these organizations in achieving their goals and objectives. The foundation's activities are geared towards making a positive impact in these selected areas, in memory of Alfred E. Mann.
Who is the CEO of Mann Charitable Foundation?
Michael S Dreyer is the Director, President of Mann Charitable Foundation.
What is the revenue of Mann Charitable Foundation?
Mann Charitable Foundation's revenue in 2023 was $600,027.
Who are the executives of Mann 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 Mann Charitable Foundation?
Mann Charitable Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mann Charitable Foundation
The Mann Charitable Foundation, named in honor of Alfred E. Mann, is committed to raising funds and providing support to charitable organizations that align with his interests in medical research and the arts. Their mission is to achieve this by distributing grants to eligible tax-exempt charitable organizations. By doing so, the foundation aims to assist these organizations in achieving their objectives and goals. The Mann Charitable Foundation's contributions serve as a testament to Alfred E. Mann's legacy, extending his support for these causes beyond his lifetime.
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Impact
July, 2024
Mann Charitable Foundation's impact is felt through its support of various charitable organizations in the areas of medical research and the arts. By raising funds in memory of Alfred E. Mann and directing grants to applicable tax-exempt organizations, the foundation contributes to advancing important causes and initiatives. Through its philanthropic endeavors, Mann Charitable Foundation helps these organizations fulfill their goals and make a positive difference in the world.
This information is meant to be a general summary of Mann 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 2023.
- Investment Income: $27
- Gross Receipts: $600,027
Assets and Liabilities:
- Total Assets: $332,656
- Total Liabilities: $25
- Net Assets: $332,631
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Organization Details
Founding Year
2020
Phone
(818) 833-5309Principal Officer
Michael S Dreyer
Main Address
12744 SAN FERNANDO ROAD STE 600, SYLMAR, CA, 91342
NTEE Category
Code: T12 - Philanthropy
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