Overview
What is Salem Foundation?
The Salem Foundation is a philanthropic organization situated in Chino, California. Its primary objective is to collect funds for Salem Christian Homes, Inc., contributing to its mission as a human services organization. The Salem Foundation serves as a bridge between donors and Salem Christian Homes, Inc., distributing funds to support their operations. This nonprofit organization is committed to raising funds, thereby contributing significantly to the betterment of the services provided by Salem Christian Homes, Inc.
Official website here: www.salemchristianhomes.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
The Salem Foundation has received a two-star rating, indicating a need for improvement in its financial transparency and governance practices. While the overall score of 69% reflects some strong points, such as a 92.97% program expense ratio, indicating that a significant portion of funds are directed toward programs, there are several areas of concern that impact its accountability score.
The foundation boasts a fully independent board, which is a positive aspect, as all board members are independent. However, the absence of critical governance policies, such as a conflict of interest policy and a whistleblower policy, detracts from its overall accountability. Additionally, the lack of financial statements and transparency regarding financial practices raises questions about the foundation's operations and long-term sustainability.
Despite these limitations, the foundation has demonstrated good financial health, evidenced by a zero liabilities to assets ratio. However, the need for improvement in documentation and clarity on governance practices suggests that potential donors should exercise caution and seek more information before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Salem Foundation legitimate?
Salem Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Salem 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
For more financial information, click here
Official website here: www.salemchristianhomes.org
What is the mission statement of Salem Foundation?
The Salem Foundation's mission is centered around raising funds for Salem Christian Homes, Inc. This is accomplished through various programs and functions, acting as a bridge between donors and the organization. The primary role of the Salem Foundation is to function as a human services fundraising and distribution organization, effectively channeling resources to support its affiliated organization, Salem Christian Homes, Inc.
Official website here: www.salemchristianhomes.org
Who is the CEO of Salem Foundation?
Ted Degroot is the President of Salem Foundation.
Official website here: www.salemchristianhomes.org
What is the revenue of Salem Foundation?
Salem Foundation's revenue in 2023 was $538,156.
Official website here: www.salemchristianhomes.org
Who are the executives of Salem Foundation and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.salemchristianhomes.org
Where can I find the form 990 for Salem Foundation?
Salem Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.salemchristianhomes.org
Learn more at the official website: www.salemchristianhomes.org
Mission Statement of Salem Foundation
The Salem Foundation, a nonprofit organization, is dedicated to raising funds for Salem Christian Homes, Inc. Its primary mission involves supporting this human services organization through various programs. Operating as a fundraising and distribution entity, the Salem Foundation works tirelessly to accumulate resources for the betterment of Salem Christian Homes, Inc. By doing so, it contributes to the overall success and continuity of the organization's initiatives.
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Impact
July, 2024
Salem Foundation plays a crucial role in raising funds for Salem Christian Homes, Inc., based in Chino, CA. Through its fundraising programs, it supports the mission of Salem Christian Homes, Inc., which provides essential human services to those in need. By channeling financial resources towards this cause, Salem Foundation significantly impacts the lives of individuals benefiting from the services provided by Salem Christian Homes, Inc.
This information is meant to be a general summary of Salem 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: $139,629
- Gross Receipts: $7,943,515
Assets and Liabilities:
- Total Assets: $7,407,838
- Total Liabilities: $0
- Net Assets: $7,407,838
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Organization Details
Phone
(909) 614-0575Principal Officer
Ted Degroot
Main Address
6921 EDISON AVE BLDG 1, CHINO, CA, 91710
Website
www.salemchristianhomes.orgNTEE Category
Code: P73Z - Human services
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