Overview
What is The Boston Globe Foundation Inc?
The Boston Globe Foundation Inc is a charitable organization located at 1 Exchange Place Ste 201, Boston, MA 021092132. Their primary focus is on conducting community and public service programs, with a significant portion dedicated to distributing holiday gifts to underprivileged children during the festive season. Additionally, they offer educational scholarships to deserving individuals. Their initiatives are supported by donations, which are utilized to purchase gifts for eligible children, recommended by churches and social agencies after thorough verification. In 2020, over 30,600 children benefited from their Globe Santa Program.
Official website here: www.bostonglobe.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star Rating)
The Boston Globe Foundation Inc has achieved a strong Four-Star rating from Charity Navigator, indicating robust performance in accountability and finance. The foundation's overall score reflects its commitment to transparency and responsible financial management, with a particularly high program expense ratio of 99.92%, demonstrating that nearly all funds are directed towards its programs.
Strengths of the organization include an entirely independent board of directors, which enhances governance quality and decision-making integrity. Additionally, the foundation has effective oversight mechanisms such as an audit and oversight committee, reflecting strong financial stewardship. However, the foundation is noted to be missing a conflict of interest policy, which is an area for improvement in fostering organizational integrity.
Overall, The Boston Globe Foundation Inc is recognized for its financial responsibility and high levels of accountability, with room for developing comprehensive policies that further bolster its governance framework.
This AI summary has been generated from information found on Charity Navigator.
Is The Boston Globe Foundation Inc legitimate?
The Boston Globe Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Boston Globe Foundation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $76,698
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.bostonglobe.com
What is the mission statement of The Boston Globe Foundation Inc?
The Boston Globe Foundation Inc is dedicated to conducting various community and public service programs. A significant part of their mission involves distributing holiday gifts to needy children during the festive season. They achieve this by utilizing funds raised through solicited contributions. These gifts are presented to individuals in need, who have been recommended by appropriate churches and social agencies following a verification process. In addition to this, the foundation provides educational scholarships to support the education of deserving young individuals. In 2020, the Globe Santa program served approximately 30,600 children, demonstrating their commitment to uplifting the lives of children in need.
Official website here: www.bostonglobe.com
Who is the CEO of The Boston Globe Foundation Inc?
Walter Silva is the Chairwomen/Director of The Boston Globe Foundation Inc.
Official website here: www.bostonglobe.com
What is the revenue of The Boston Globe Foundation Inc?
The Boston Globe Foundation Inc's revenue in 2022 was $1,783,029.
Official website here: www.bostonglobe.com
Who are the executives of The Boston Globe Foundation Inc and what are their salaries?
There 175 volunteers at The Boston Globe Foundation Inc.
Here are 6 key members and their salaries:
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Official website here: www.bostonglobe.com
Where can I find the form 990 for The Boston Globe Foundation Inc?
The Boston Globe Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bostonglobe.com
Learn more at the official website: www.bostonglobe.com
Mission Statement of The Boston Globe Foundation Inc
The Boston Globe Foundation, a nonprofit organization, is committed to conducting a variety of community and public service programs. At its core, it focuses on two primary initiatives: distributing holiday gifts to needy children and providing educational scholarships. Through the Globe Santa program, the foundation raises funds to purchase holiday gifts for underprivileged children. These gifts are given to individuals who seek assistance, with potential recipients recommended by churches and social agencies, subject to verification before gifts are distributed. In 2020 alone, the Globe Santa program served approximately 30,600 children. In addition, the foundation offers educational scholarships to support the higher education of deserving individuals, thus contributing to the betterment of the community.
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Impact
July, 2024
The Boston Globe Foundation Inc's impact includes conducting various community and public service programs, such as distributing holiday gifts to needy children and providing educational scholarships. One of its key initiatives is the Globe Santa program, where money raised from solicited contributions is used to purchase holiday gifts for children in need. In 2020, Globe Santa served approximately 30,600 children. This organization's activities directly benefit individuals who request assistance and are recommended by churches and social agencies, subject to verification before gifts are distributed. The Boston Globe Foundation Inc's commitment to philanthropy is evident through its efforts to support and uplift disadvantaged youth in the Boston area.
This information is meant to be a general summary of The Boston Globe Foundation Inc. 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 2022.
- Investment Income: $29,641
- Gross Receipts: $1,803,029
Assets and Liabilities:
- Total Assets: $3,475,027
- Total Liabilities: $121,338
- Net Assets: $3,353,689
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Organization Details
Founding Year
1981
Phone
(617) 929-2092Principal Officer
Walter Silva
Main Address
1 EXCHANGE PLACE STE 201, BOSTON, MA, 021092132
Website
www.bostonglobe.comNTEE Category
Code: T21Z - Philanthropy
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