nonprofit logo

Benchmark One Company Fund Inc

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

EIN: 260411928 ✦ Waltham, MA ✦ Designated as a 501(c)(3)

Overview

What is Benchmark One Company Fund Inc?

Benchmark One Company Fund Inc, based in Waltham, Massachusetts, is a nonprofit organization that provides financial assistance to eligible employees of Benchmark Assisted Living, LLC. Its mission is to offer hardship relief grants to employees who meet specific employment and low-income requirements. In 2022, the fund distributed grants ranging from $185 to $10,000, with a total of $340,186 being distributed to 363 recipients. The fund's activities are primarily focused on providing financial aid to those in need within the organization.


Is Benchmark One Company Fund Inc legitimate?

Benchmark One Company Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Benchmark One Company Fund 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $88,340

For more financial information, click here


What is the mission statement of Benchmark One Company Fund Inc?
Who is the CEO of Benchmark One Company Fund Inc?
What is the revenue of Benchmark One Company Fund Inc?
Who are the executives of Benchmark One Company Fund Inc and what are their salaries?
Where can I find the form 990 for Benchmark One Company Fund Inc?

Mission Statement of Benchmark One Company Fund Inc

Benchmark One Company Fund Inc, a nonprofit organization, is committed to providing hardship relief grants to eligible employees of Benchmark Assisted Living, LLC. The specific criteria for eligibility include meeting certain employee requirements and having a low income. This fund aims to offer financial assistance to those in need within the organization, providing a safety net during challenging times. In 2022, the fund made grants to 363 current and former employees of Benchmark Assisted Living, LLC, with the largest grant amounting to $10,000 and the smallest at $185. The total amount disbursed in grants for that year was $340,186.

Impact

This information is meant to be a general summary of Benchmark One Company Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Benchmark One Company Fund Inc's impact is focused on providing hardship relief to eligible employees of Benchmark Assisted Living, LLC who meet specific low-income requirements. In 2022, the organization made grants totaling $340,186 to 363 members, with the grants ranging from $185 to $10,000. This support directly benefits individuals facing financial challenges within the Benchmark Assisted Living community, offering crucial assistance to those in need.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

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

  • Investment Income: $1,305
  • Program Service Revenue: $0
  • Gross Receipts: $681,527

    • Assets and Liabilities:
  • Total Assets: $546,825
  • Total Liabilities: $72,293
  • Net Assets: $474,532
  • Organization Details

    Founding Year

    2007

    Principal Officer

    Jerry Liang

    Main Address

    201 JONES ROAD 3RD FLOOR WEST, WALTHAM, MA, 02451

    NTEE Category

    Code: P60 - Human services

    If you are a representative of Benchmark One Company Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.