Mission: The Carmel Foundation is a membership organization with over 3,400 members over 55 years of age. Our vision is to facilitate successful aging by providing a broad sp ... (More)
Carmel Foundation is a 501(c)(3) organization, with an IRS ruling year of 1953, and donations are tax-deductible.
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The IRS is significantly delayed in processing nonprofits' annual tax filings (Forms 990). As a result, the Financial and Accountability & Transparency score for Carmel Foundation is outdated and the overall rating may not be representative of its current operations. Please check with the charity directly for any questions you may have.
Charity Navigator evaluates a nonprofit organization’s financial health including measures of stability, efficiency and sustainability. We also track accountability and transparency policies to ensure the good governance and integrity of the organization.
This charity's score is 78.99, earning it a 2-Star rating. Charity Navigator believes donors can "Give with Confidence" to charities with 3- and 4-Star ratings.
This score is calculated from two sub-scores:
Finance: 70.45 View details
Accountability & Transparency: 97.00 View details
This score represents Form 990 data from 2019. More recent filing data is available, but it has not been factored into this score, due to COVID-19's effect on this organization.
View this organization’s historical ratings.
Rating update postponed due to COVID-19's impact on this organization. View Carmel Foundation's response.
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The Program Expense Ratio is determined by Program Expenses divided by Total Expense (average of most recent three 990s).
This measure reflects the percent of its total expenses a charity spends on the programs and services it exists to deliver. Dividing a charity's average program expenses by its average total functional expenses yields this percentage. We calculate the charity's average expenses over its three most recent fiscal years.
Source: IRS Form 990
As reported by charities on their IRS Form 990, this measure reflects what percent of its total budget a charity spends on overhead, administrative staff and associated costs, and organizational meetings. Dividing a charity's average administrative expenses by its average total functional expenses yields this percentage. We calculate the charity's average expenses over its three most recent fiscal years.
Source: IRS Form 990
This measure reflects what a charity spends to raise money. Fundraising expenses can include campaign printing, publicity, mailing, and staffing and costs incurred in soliciting donations, memberships, and grants. Dividing a charity's average fundraising expenses by its average total functional expenses yields this percentage. We calculate the charity's average expenses over its three most recent fiscal years.
Source: IRS Form 990
The Liabilities to Assets Ratio is determined by Total Liabilities divided by Total Assets (most recent 990).
Part of our goal in rating the financial performance of charities is to help donors assess the financial capacity and sustainability of a charity. As do organizations in other sectors, charities must be mindful of their management of total liabilites in relation to their total assets. This ratio is an indicator of an organization’s solvency and or long term sustainability. Dividing a charity's total liabilities by its total assets yields this percentage.
Source: IRS Form 990
The amount spent to raise $1 in charitable contributions. To calculate a charity's fundraising efficiency, we divide its average fundraising expenses by the average total contributions it receives. We calculate the charity's average expenses and average contributions over its three most recent fiscal years.
Source: IRS Form 990
Determines how long a charity could sustain its level of spending using its net available assets, or working capital, as reported on its most recently filed Form 990. We include in a charity's working capital unrestricted and temporarily restricted net assets, and exclude permanently restricted net assets. Dividing these net available assets in the most recent year by a charity's average total expenses, yields the working capital ratio. We calculate the charity's average total expenses over its three most recent fiscal years.
Source: IRS Form 990
We compute the average annual growth of program expenses using the following formula: [(Yn/Y0)(1/n)]-1, where Y0 is a charity's program expenses in the first year of the interval analyzed, Yn is the charity's program expenses in the most recent year, and n is the interval of years passed between Y0 and Yn.
Source: IRS Form 990
Charity Navigator looks to confirm on the Form 990 that the organization has these governance practices in place.
Sources Include: IRS Form 990
Governance: | |
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Independent Voting Board Members ... (More) | |
No Material Diversion of Assets ... (More) A diversion of assets – any unauthorized conversion or use of the organization's assets other than for the organization's authorized purposes, including but not limited to embezzlement or theft – can seriously call into question a charity's financial integrity. We check the charity's last two Forms 990 to see if the charity has reported any diversion of assets. If the charity does report a diversion, then we check to see if it complied with the Form 990 instructions by describing what happened and its corrective action. This metric will be assigned to one of the following categories:
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Audited Financials Prepared by Independent Accountant ... (More) Audited financial statements provide important information about financial accountability and accuracy. They should be prepared by an independent accountant with oversight from an audit committee. (It is not necessary that the audit committee be a separate committee. Often at smaller charities, it falls within the responsibilities of the finance committee or the executive committee.) The committee provides an important oversight layer between the management of the organization, which is responsible for the financial information reported, and the independent accountant, who reviews the financials and issues an opinion based on its findings. We check the charity's Form 990 reporting to see if it meets this criteria.
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Does Not Provide Loan(s) to or Receive Loan(s) From Related Parties ... (More) | |
Documents Board Meeting Minutes ... (More) | |
Distributes 990 to Board Before Filing ... (More) | |
Compensates Board ... (More) |
Charity Navigator looks to confirm on the Form 990, or for some metrics on the charity's website, that the organization has these policies in place.
Sources Include: IRS Form 990 and organization's website
Policies: | |
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Conflict of Interest ... (More) | |
Whistleblower ... (More) | |
Records Retention and Destruction ... (More) | |
CEO Compensation Process ... (More) | |
Donor Privacy ... (More) Donors can be reluctant to contribute to a charity when their name, address, or other basic information may become part of donor lists that are exchanged or sold, resulting in an influx of charitable solicitations from other organizations. Our analysts check the charity's website to see if the organization has a donor privacy policy in place and what it does and does not cover. Privacy policies are assigned to one of the following categories:
The privacy policy must be specific to donor information. A general website policy which references "visitor" or "user" personal information will not suffice. A policy that refers to donor information collected on the website is also not sufficient as the policy must be comprehensive and applicable to both online and offline donors. The existence of a privacy policy of any type does not prohibit the charity itself from contacting the donor for informational, educational, or solicitation purposes. (Less) |
Charity Navigator looks to confirm on the Form 990, or for some metrics on the charity's website, that the organization makes this information easily accessible.
Sources Include: IRS Form 990 and organization's website
Transparency: | |
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CEO Salary Listed on 990 ... (More) | |
Board of Directors Listed on Website ... (More) | |
Key Staff Listed on Website ... (More) | |
Audited Financial Statements on Website ... (More) | |
Form 990 Available on Website ... (More) |
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This chart displays the trend of revenue and expenses over the past several years for this organization, as reported on their IRS Form 990.
Presented here are this organizations key compensated staff members as identified by our analysts. This compensation data includes salary, cash bonuses and expense accounts and is displayed exactly how it is reported to the IRS. The amounts do not include nontaxable benefits, deferred compensation, or other amounts not reported on Form W-2. In some cases, these amounts may include compensation from related organizations. Read the IRS policies for compensation reporting
Current CEO and Board Chair can be found in the Leadership & Adaptability report below.
Source: IRS Form 990 (page 7), filing year 2020
Below are some key data points from the Exempt Organization IRS Business Master File (BMF) for this organization. Learn more about the BMF on the IRS website
Services for the aged (see also 153 ad 382) (BMF activity code: 575)
Housing for the aged (see also 153) (BMF activity code: 382)
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi) (BMF foundation code: 15)
Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). (BMF affiliation code: 3)
The Form 990 is a document that nonprofit organizations file with the IRS annually. We leverage finance and accountability data from it to form Encompass ratings. Click here to view this organization's Forms 990 on the IRS website (if any are available).
This organization was impacted by COVID-19 in a way that effected their financial health in 2020. This normally would have reduced their star rating. Due to the unprecedented nature of the pandemic, we give charities such as this one the opportunity to share the story of COVID's impact on them, and doing this pauses our revision of their rating. Charities may submit their own pandemic responses through their nonprofit portal.
Program Delivery
Fundraising Capacity
Revenue
Staffing
Because of the population we serve, The Carmel Foundation closed its doors prior to the Shelter in Place orders. The decision to do so, while difficult to make, supported our mission of being good stewards of the health and wellbeing of our members, staff, residents and volunteers. Due to the pandemic, our largest fundraising event was likewise cancelled, once again in the interest of health and wellbeing. That event was budgeted to generate $118,000 in funding that was specifically designated to help offset the significant deficit of our low-income housing. As a membership organization, a portion of our revenues come from membership dues. Because our campus had been closed for 16 months, a number of members did not renew during this time, furthering the impact COVID-19 had on our ability to generate funds. As we do not accept government grants, we rely heavily on support from our members and via our events to help fund vital services for seniors in our community.
For years, The Carmel Foundation has offered affordable and nutritious meals to seniors in our community, either onsite or delivered by a friendly volunteer to those that are homebound. Each year, more than 20,000 meals are prepared and enjoyed, enhancing the mental and physical health of the elderly. The majority of these meals are served in our dining room. Because our campus was closed, we were no longer able to offer congregate dining. The Carmel Foundation also offers more than 60 classes and activities on our campus each week to help seniors learn a new skill, partake in a new hobby, and connect with their peers. As our campus was closed, we were no longer able to offer onsite classes and activities.
As we were no longer able to provide congregate meals, the Foundation created a new meal program that enabled individuals to safely pick up nutritious, affordable food via our "Curbside To Go" program. On a daily basis, this program was tremendously successful providing more meals than our traditional onsite program. With strict adherence to safety protocols, we were not only able to maintain our current base of meal deliveries to those homebound, but also increased the number of recipients as well as the number of meals made available to each and have expanded our geographic footprint to include two additional cities in our service area. While our campus was closed, more than 60% of our classes and activities still took place, either virtually or socially-distanced outside at an offsite location. Online happy hours, book clubs and other activities took place while some met outdoors, like our yoga class, to keep physically and mentally healthy during the pandemic.
We continually strive to ensure the services and programs offered are relevant to those we serve through the direct solicitation of feedback from our members. Because of its popularity, we will continue the Curbside To Go program. Paired with feedback received, we will carefully monitor its usage to determine continued interest in the new program, particularly once our onsite dining fully resumes. Our expanded meal delivery services will likewise continue post-pandemic.
Previous: Finance & Accountability / Next: Leadership & Adaptability
This score estimates the actual impact a nonprofit has on the lives of those it serves, and determines whether it is making good use of donor resources to achieve that impact.
Carmel Foundation cannot currently be evaluated by our Encompass Rating Impact & Results methodology because either (A) it is eligible, but we have not yet received data; (B) we have not yet developed an algorithm to estimate its programmatic impact; (C) its programs are not direct services; or (D) it is not heavily reliant on contributions from individual donors.
Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization.
Do you work at Carmel Foundation? Join the waitlist for an updated Impact & Results score.
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Carmel Foundation reported its three largest programs on its FY 2019 Form 990 as:
Spent in most recent FY
Percent of program expenses
Additional Services
Spent in most recent FY
Percent of program expenses
Senior Housing
Spent in most recent FY
Percent of program expenses
Luncheon
Previous: Impact & Results / Next: Culture & Community
This score provides an assessment of the organization's leadership capacity, strategic thinking and planning, and ability to innovate or respond to changes in constituent demand/need or other relevant social and economic conditions to achieve the organization's mission.
out of 100
The score earned by Carmel Foundation is a passing score. This score has no effect on the organization's Star Rating.
Encompass Rating V4 provides an evaluation of the organization's Leadership & Adaptability through the nonprofit organization submitting a survey response directly to Charity Navigator.
The nonprofit organization presents evidence of strategic thinking through articulating the organization’s mission
The Carmel Foundation is a membership organization with over 3,400 members over 55 years of age. Our vision is to facilitate successful aging by providing a broad spectrum of interactive activities and services for the ever-changing physical, social, emotional and cognitive needs of our members. The founders of The Carmel Foundation valued their community, shared a deep appreciation for the growing needs of their fellow neighbors and recognized the necessity for a friendly, homelike place to meet. The purpose, then, as now, is to provide for successful aging by ensuring seniors can remain engaged with life and maintain their independence.
Source: Nonprofit submitted responses
The nonprofit organization presents evidence of strategic thinking through articulating the organization’s vision.
The Carmel Foundation's vision is to facilitate successful aging by providing a broad spectrum of interactive activities and services for the every-changing physical, social, emotional and cognitive needs of our members.
Source: Nonprofit submitted responses
The nonprofit organization presents evidence of strategic thinking and goal setting through sharing their most important strategic goals.
Goal One: Holding true to our mission and vision and building on the work of the past 71 years, while also being relevant for the next generation.
Goal Type: This goal reflects our commitment to further our advocacy work for our organization and or cause area.
Goal Two: To address the needs of a broader range of members, emphasizing enrichment and planning activities that optimize the quality of life in later years.
Goal Type: New program(s) based on observed changes in needs among our constituencies/communities served.
Goal Three: To grow income to cover operating expenses and continue to strengthen our financial position for the future.
Goal Type: Invest in the capacity of our organization (financial, management, technical, etc.).
Source: Nonprofit submitted responses
The nonprofit provides evidence of investment in leadership development
While The Carmel Foundation consistently provides opportunities for its employees to grow, recently one of the directors was provided the opportunity to attend a local, year-long training program offered by a local organization called LEAD that builds and defines leadership skills in individuals. This investment not only benefitted the individual through the development of additional skills, but also benefitted the organization as these tangible skills could be applied in the workplace.
Source: Nonprofit submitted responses
The nonprofit provides evidence of leadership through focusing externally and mobilizing resources for the mission.
Strategic Partnerships
Networks of Collective Impact Efforts
Thought Leadership
Raising Awareness
The Carmel Foundation recognizes the importance of collaboration within our community. To best serve our members, we partner with numerous local businesses and nonprofits to expand the services we offer. Through these partnerships, we can offer free legal services, free Medicare guidance, access to resources for those financially challenged, and other valuable services. Through a recent partnership, we were able to offer a COVID-19 vaccination clinic resulting in close to 400 vaccinations for seniors. Outreach within our community is one of the ways we can serve more seniors. We actively marketing our offerings via weekly e-blasts, monthly newsletters, social media presence, strategic media placements and presentations to local service groups.
Source: Nonprofit submitted responses
The nonprofit has an opportunity to tell the story of how the organization adapted to tremendous external changes in the last year.
For more than 70 years, The Carmel Foundation has been an integral resource for seniors in our community. The Foundation was sparked from conversations held by several men and women who gathered to discuss ways to provide assistance to their aging neighbors. In 1950, The Carmel Foundation was born. Initial services were limited, but as the Foundation took root, the programs offered and the number of people assisted increased significantly. In 1952, the Town House was purchased to serve as a welcome center for anyone in need of companionship. At this time, classes, movies, lectures, concerts and a formal tea service were offered. Soon, a monthly potluck became a regular offering. Recognizing that not all were able to come onsite to enjoy good food, meal delivery to homebound seniors began along with our friendly visitor program. Ten years later, the Foundation acquired its first of several housing complexes enabling low-income housing to become available to 4 seniors in our community. A few years later, the Foundation purchased 2 additional buildings that provided 21 units of low-income housing. In the 1980’s, the Foundation built additional low-income housing, resulting in 24 additional apartments. In the 1990’s, the Blanchard House was purchased and the Computer Learning Center was established. As housing continued to be a challenge for seniors that struggle financially, in 2010 Trevvett Court was rebuilt from the ground up, increasing the Foundation’s total number of low-income apartments to 50. In 2016, the Foundation’s Technology Center was entirely recreated in response to the increasing role technology plays in our world. In 2019, our dining room, serving over 20,000 lunches annually, was completely refurbished to appeal to the Baby Boomer generation, encouraging seniors to enjoy good food while socializing with their peers. At this time, state-of-the-art audio visual equipment was installed for future programming.
Source: Nonprofit submitted responses
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President, CEO
Board Chair
Previous: Leadership & Adaptability
This score provides an assessment of the organization's culture and connectedness to the community it serves. Learn more about how and why we rate Culture & Community.
Carmel Foundation is currently not eligible for a Culture & Community score because we have not received its Constituent Feedback or Diversity, Equity, & Inclusion data. Nonprofit organizations are encouraged to fill out the How We Listen and Equity Practices sections of their Candid profile.
Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization.
This beta feature is currently viewable only on desktop or tablet screens. Check back later for updates.
This organization has not provided information regarding the diversity, equity and inclusion (DEI) practices it is presently implementing. As such, the organization has not earned a score on this metric. Charity Navigator believes nonprofit organizations implementing effective DEI policies and practices can enhance a nonprofit's decision-making, staff motivation, innovation, and effectiveness.
We are utilizing data collected by Candid to document and assess the DEI practices implemented by the organization. Nonprofit organizations are encouraged to fill out the Equity Strategies section of their Candid profiles to receive a rating.
Learn more about the methodology.
Constituent Feedback and Listening Practice data are not available for this organization. Charity Navigator believes nonprofit organizations that engage in inclusive practices, such as collecting feedback from the people and communities they serve, may be more effective.
We've partnered with Candid to survey organizations about their feedback practices. Nonprofit organizations can fill out the How We Listen section of their Candid profile to receive a rating.
Learn more about the methodology.
Like the overall Encompass Rating System, the Culture & Community Beacon is designed to evolve as metrics are developed and ready for integration. Below you can find more information about the metrics we currently evaluate in this beacon and their relevance to nonprofit performance.
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