Overview
What is Samuelson Foundation?
The Samuelson Foundation, situated in Los Angeles, California, is a 501(c)(3) nonprofit organization with a mission to support individuals in need. They strive to provide essential resources such as food, shelter, healthcare, and education in a setting that fosters social and economic freedom. The foundation's primary objective is to perform acts of kindness and love, aiming to improve the lives of those less fortunate. They contribute financially to support the mission of La Canada Presbyterian Church, a Christian community-focused organization.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%
The Samuelson Foundation has received a rating of 33%, resulting in a Zero-Star out of Four Star rating. This score indicates significant concerns regarding the organization's accountability and financial practices. While the foundation benefits from a fully independent board and has no material diversion of assets, it lacks key transparency measures, such as having a website listed on its tax form and essential policies like conflict of interest and whistleblower protections.
Strengths of the Samuelson Foundation include its strong governance structure, with a fully independent board and proper documentation for board meeting minutes. However, the limitations are quite pronounced as the foundation fails to meet several critical accountability standards, which are essential for maintaining donor trust and ensuring effective oversight.
Overall, while the Samuelson Foundation demonstrates some positive governance aspects, the lack of transparency and accountability measures raises concerns about its operational integrity. Potential donors and stakeholders may want to consider these factors when evaluating the foundation's effectiveness and reputation. For more information, visit their Charity Navigator page.
This AI summary has been generated from information found on Charity Navigator.
Is Samuelson Foundation legitimate?
Samuelson Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Samuelson 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 Samuelson Foundation?
The Samuelson Foundation is committed to demonstrating acts of kindness and love towards those in need. They accomplish this by providing essential resources such as food, shelter, healthcare, and education. Their goal is to create an environment that fosters both social and economic freedom for the individuals they assist.
Who is the CEO of Samuelson Foundation?
Reid G Samuelson is the Trustee of Samuelson Foundation.
What is the revenue of Samuelson Foundation?
Samuelson Foundation's revenue in 2022 was $22,086.
Who are the executives of Samuelson 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 Samuelson Foundation?
Samuelson Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Samuelson Foundation
The Samuelson Foundation is committed to showing compassion and love towards individuals in need by offering essential resources such as food, housing, healthcare, and education. Operating under the belief in social and economic freedom, this organization strives to make a positive impact on people's lives. By providing these necessities, the Samuelson Foundation aims to create an environment that fosters growth and prosperity for those who are struggling.
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Impact
October, 2024
The Samuelson Foundation significantly impacts the community by actively engaging in acts of kindness and love for those in need. It focuses on providing essential resources such as food, shelter, healthcare, and education while fostering an environment of social and economic freedom. Through its contributions, particularly to organizations like the La Canada Presbyterian Church, the Foundation supports efforts that encourage individuals to follow Christian teachings and become involved in their communities. This holistic approach not only addresses immediate needs but also promotes a sense of belonging and empowerment within the community in Los Angeles, CA.
This information is meant to be a general summary of Samuelson 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 2022.
- Investment Income: $22,086
- Gross Receipts: $2,222,086
Assets and Liabilities:
- Total Assets: $4,346,024
- Total Liabilities: $1,575,689
- Net Assets: $2,770,335
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Organization Details
Founding Year
2000
Phone
(818) 500-0155Principal Officer
Reid G Samuelson
Main Address
5000 EDENHURST AVENUE, LOS ANGELES, CA, 90039
NTEE Category
Code: T12 - Philanthropy
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