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New York BBB Wise Giving Report for
Centurion Foundation

A BBB Accredited charity

 



Expiration Date:
08/2016
Name:
Centurion Foundation
Address:
477 Madison Avenue- Suite 540
New York, NY 10022
Phone:
212-847-3200
Year, State Incorporated:
1987, New York
Affiliates:
None
Stated Purpose:
" The Centurion Foundation's mission is to provide scholarship and program support to New York City area law enforcement organizations and related organizations as well as recognition of individual members of those organizations through our Centurion of the Month program as well as individual recognition grants. "





Evaluation Conclusions
 

              
Centurion Foundation meets the 20 Standards for Charity Accountability.




Programs
 

              
Centurion Foundation supports program and scholarship needs of the New York City area law enforcement organizations, safety regulations organizations and other law enforcement foundations. The Centurion of the Month program recognizes individual members of these organizations and provides individual recognition grants. In addition, Centurion Foundation provides regular contributions to various support groups of the NYPD for scholarship awards.



Governance
 

              
Chief Executive Officer:
Mr. Joe Dippell, President
Chair of the Board:
Mr. Albert Fried
Chair's Profession / Business Affiliation:
Chief Executive Officer / Albert Fried & Company LLC
Board Size:
24
Paid Staff Size:
0



*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.




Fund Raising
 

              
Method(s) Used:


Board Donations
Fund raising costs were 3.6% of related contributions. (Related contributions, which totaled $217,750, are donations received as a result of fund raising activities.)




Tax Status
 

              
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.




Financial
 

              
The following information is based on Centurion Foundation's Audited Financial Statements for the fiscal year ended October 31, 2013.

Source of Funds  

Contributions-Direct Public support

$217,750

Dividends and Interest from Securites

13,541

Total Income

$231,291

Program Expenses  

Program Services

$239,991
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Expenses in Excess of Income

239,991
7,777
5,341

$253,109

$(21,818)




Uses of Funds as a % of Total Expenses


Programs: 95%  Fund Raising: 3%  Administrative 2% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $492,806
Ending net assets 470,988
Total liabilities 0

Total assets

$470,988






 

A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.