Caramel Connection Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 862381817 ✦ Point pleasant beach, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Caramel Connection Foundation Inc?

Caramel Connection Foundation Inc is a nonprofit organization located in Point Pleasant Beach, New Jersey. Established with the primary objective of supporting the financial needs of Our Lady of Mt. Carmel School, this foundation aims to create a substantial endowment of several million dollars. The purpose of this endowment is to provide long-term financial assistance to both inner-city and immigrant youth, ensuring their educational needs are met for many years to come. The foundation's mission is aligned with this objective, focusing on providing the necessary financial support to its affiliated school and the aforementioned youth communities.

Is Caramel Connection Foundation Inc legitimate?

Caramel Connection Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Caramel Connection 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

What is the mission statement of Caramel Connection Foundation Inc?

The Caramel Connection Foundation Inc is a non-profit organization with a mission to support the financial needs of Our Lady of Mt. Carmel School. Their primary objective is to establish a multi-million dollar endowment, which will provide long-term financial assistance to both inner-city and immigrant youth for several years. This endeavor aims to ensure the continuity of educational opportunities for these groups, thereby fostering their growth and development.

Who is the CEO of Caramel Connection Foundation Inc?

Timothy Andree is the Trustee of Caramel Connection Foundation Inc.

What is the revenue of Caramel Connection Foundation Inc?

Caramel Connection Foundation Inc's revenue in 2022 was $228,077.

Who are the executives of Caramel Connection Foundation Inc and what are their salaries?


Here are 7 key members and their salaries:


Peter Abitanto (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lauren Andree (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Timothy Andree (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Theresa Craig (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Katie O'Meara (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sr Jude Boyce Ssj (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fr Miguel Virella Svd (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Caramel Connection Foundation Inc?

Caramel Connection Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Caramel Connection Foundation Inc

The Caramel Connection Foundation Inc is a non-profit organization established with a primary mission to support the financial needs of Our Lady of Mt. Carmel School. Their main objective is to raise a substantial multi-million dollar endowment, which will serve to aid both inner-city and immigrant youth for an extended period. By accomplishing this goal, the foundation aims to provide continuous support to these youth groups, ensuring their educational and financial needs are met for numerous years to come.

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Impact




October, 2024

Caramel Connection Foundation Inc significantly impacts the community by addressing the financial needs of Our Lady of Mt. Carmel School. By focusing on funding a multi-million dollar endowment, the foundation aims to create enduring support for inner-city and immigrant youth, ensuring they have access to quality education for generations. This commitment to educational equity not only enhances the lives of individual students but also strengthens the broader community by fostering opportunities and promoting social mobility. Through its efforts, the foundation plays a crucial role in nurturing a supportive environment where diverse youth can thrive academically and personally.




This information is meant to be a general summary of Caramel Connection 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.

Revenue
$228,077 (2022)
Expenses
$1,643 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $18,077
  • Gross Receipts: $375,369

Assets and Liabilities:

  • Total Assets: $326,174
  • Total Liabilities: $0
  • Net Assets: $326,174

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Organization Details

Founding Year

2016

Principal Officer

Timothy Andree

Main Address

401 ATLANTIC AVENUE, POINT PLEASANT BEACH, NJ, 08742

NTEE Category

Code: B12 - Education

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