Torch Foundation
Torch Foundation
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About this organization
Revenue
$190,979
Expenses
$139,784
Mission
The Torch Foundation Ltd is a non-for-profit organization within the real estate, design and construction community established to give something back to our industry and the children of our society.
About
Dinner/Dance Golf Outing- Revenue generated was given to charities in Schedule 1
Interesting data from their 2019 990 filing
The purpose of the non-profit is listed in the filing as “The torch foundation ltd is a non- for- profit organization within the real estate, design and construction community established to give something back to our industry and the children of our society.”.
When discussing its operations, they were characterized as: “The torch foundation ltd is a non- for- profit organization within the real estate, design and construction community established to give something back to our industry and the children of our society.”.
- The non-profit's legally reported state of operation is NY.
- The filing states that the non-profit's address in the year 2019 is 5 RAVEN DRIVE, COMMACK, NY, 11725.
- The form submitted by the non-profit for 2019 shows a total of 0 employees.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are between $100,000 and $250,000.
- Revenue is between $100,000 and $250,000.
- Revenue less expenses is $51,195.
- The remuneration plan for the CEO of the organization is based on a review and approval process by a neutral entity.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 5 independent voting members.
- The organization was formed in 1991.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule O.
- The organization's financial statements were compiled or reviewed by an accountant.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization has grants to organizations.