Overview
What is La Societe Francaise De Bienfaisance Mutuelle?
La Societe Francaise De Bienfaisance Mutuelle is a nonprofit organization located in San Francisco, California. Its primary mission is to serve the medical and social needs of individuals of French origin or descent residing in the San Francisco Bay Area. To fulfill this objective, the organization makes donations to various organizations, such as Societe d'Entraide, French-American Foundation for Medical Research and Education, and Notre Dame Des Victories Church & School. The donations aim to aid those in need and support the organizations' purposes. Additionally, La Societe Francaise De Bienfaisance Mutuelle assists French visitors with any problems they may encounter during their stay in the area and lends support to French social and cultural organizations.
Official website here: www.sbmsf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56%, One-Star out of Four Stars
La Societe Francaise De Bienfaisance Mutuelle received a low rating of 56% from Charity Navigator, resulting in a One-Star designation. This rating primarily reflects significant concerns in accountability and finance, particularly due to the absence of independent board members and key policies. The organization has not established a conflict of interest policy, whistleblower policy, or document retention procedures, which raises questions about governance practices.
On a more positive note, the organization demonstrates financial stability with a program expense ratio of 94.33%, indicating that a substantial portion of its expenditures directly supports its programs. Additionally, there are no reported material diversions of assets, which suggests responsible management of resources. The liabilities to assets ratio is also favorable at 0.00%, indicating that La Societe Francaise De Bienfaisance Mutuelle is not facing financial distress.
While the charity performs well in terms of program spending and financial management, the lack of independent oversight and governance policies is a critical limitation. Potential donors and supporters may wish to consider these factors when evaluating the organization's overall effectiveness and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is La Societe Francaise De Bienfaisance Mutuelle legitimate?
La Societe Francaise De Bienfaisance Mutuelle is a legitimate nonprofit organization registered as a 501(c)(3) entity. La Societe Francaise De Bienfaisance Mutuelle 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:
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For more financial information, click here
Official website here: www.sbmsf.org
What is the mission statement of La Societe Francaise De Bienfaisance Mutuelle?
La Societe Francaise De Bienfaisance Mutuelle is an organization dedicated to serving the medical and social needs of individuals of French origin or descent. Its primary goal is to provide assistance during times of need. The organization extends its support beyond the local community, offering aid to French visitors encountering difficulties in the area. Furthermore, La Societe Francaise De Bienfaisance Mutuelle supports various French social and cultural organizations. In line with its mission, the organization has made donations to organizations such as Societe D'Entraide, French-American Foundation for Medical Research and Education, and Notre Dame Des Victories Church & School. These donations aim to assist those in need and further the organization's objectives.
Official website here: www.sbmsf.org
Who is the CEO of La Societe Francaise De Bienfaisance Mutuelle?
Paul Tour-Sarkissian is the Director of La Societe Francaise De Bienfaisance Mutuelle.
Official website here: www.sbmsf.org
What is the revenue of La Societe Francaise De Bienfaisance Mutuelle?
La Societe Francaise De Bienfaisance Mutuelle's revenue in 2023 was $180,143.
Official website here: www.sbmsf.org
Who are the executives of La Societe Francaise De Bienfaisance Mutuelle and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.sbmsf.org
Where can I find the form 990 for La Societe Francaise De Bienfaisance Mutuelle?
La Societe Francaise De Bienfaisance Mutuelle's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sbmsf.org
Learn more at the official website: www.sbmsf.org
Mission Statement of La Societe Francaise De Bienfaisance Mutuelle
La Societe Francaise De Bienfaisance Mutuelle, a nonprofit organization, is dedicated to serving the medical and social needs of individuals of French origin or descent residing in the San Francisco Bay Area. Beyond this primary purpose, the organization extends its support to French visitors encountering challenges in the area and lends aid to French social and cultural organizations. In line with its mission, the organization has made donations to various organizations, such as Societe D'Entreide, French-American Foundation for Medical Research and Education, and Notre Dame Des Victoires Church & School, to aid compatriots in need, support health professionals, and further its objectives, respectively.
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Impact
October, 2024
La Societe Francaise De Bienfaisance Mutuelle significantly impacts the San Francisco Bay Area by addressing the medical and social needs of individuals of French origin or descent. By providing targeted support to this community, the organization fosters a sense of belonging and security among its members.
Financial contributions to various local organizations demonstrate this impact. For example, an $18,000 donation to Societe D’Entraide aids compatriots facing hardship, reinforcing community ties and providing critical assistance. Additionally, a $15,000 grant to the French-American Foundation for Medical Research and Education supports healthcare professionals, enhancing medical resources available to the community. The $9,000 funded to Notre Dame des Victoires Church & School illustrates a commitment to cultural and social cohesion, ensuring that the French community maintains its heritage and support systems.
Furthermore, by assisting French visitors with issues arising during their stay, La Societe Francaise De Bienfaisance Mutuelle extends its impact beyond local residents, showcasing a commitment to hospitality and cultural exchange. This multifaceted support strengthens not only the immediate community but the broader fabric of French culture in the Bay Area.
This information is meant to be a general summary of La Societe Francaise De Bienfaisance Mutuelle. 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: $169,989
- Gross Receipts: $186,864
Assets and Liabilities:
- Total Assets: $3,376,439
- Total Liabilities: $0
- Net Assets: $3,376,439
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Organization Details
Phone
(415) 477-3667Principal Officer
Paul Tour-Sarkissian
Main Address
210 POST STREET SUITE 401, SAN FRANCISCO, CA, 941085106
Website
www.sbmsf.orgNTEE Category
Code: P84 - Human services
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