Overview
What is Bma Tenpoint Inc?
Bma Tenpoint Inc, based in Boston, Massachusetts, serves as a fiscal partnership initiative. Their primary goal is to offer administrative back-office services to eligible nonprofit organizations, including community-based and faith-based organizations, at an affordable cost. This initiative aims to bolster the operational efficiency of smaller nonprofits, thereby enabling them to expand their impact in addressing the social issues and needs of their local communities. Bma Tenpoint Inc's mission aligns with that of its member pastors, who strive to provide faith-based solutions to the challenges confronting Boston's residents.
Official website here: www.bmaboston.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82%, Three-Star out of Four Star rating
Bma Tenpoint Inc has received a Three-Star rating from Charity Navigator, reflecting a solid score of 82% based on its accountability and finance practices. This rating is particularly significant as it indicates a strong commitment to transparency and responsible financial management, with a perfect score in board independence and financial audits, which showcases the organization’s strong governance structure.
The organization benefits from an entirely independent board, which enhances its accountability. Furthermore, it has demonstrated effective financial practices, achieving a favorable liabilities to assets ratio and a program expense ratio that, while slightly below ideal, indicates a substantial commitment to its mission-driven activities. The presence of policies for conflict of interest and document retention further supports its credibility.
However, one notable limitation is the absence of a whistleblower policy, which could raise concerns about internal transparency and reporting mechanisms. Despite this, the overall financial health and accountability practices highlighted in the rating suggest that Bma Tenpoint Inc is a responsible choice for donors seeking to support nonprofit initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Bma Tenpoint Inc legitimate?
Bma Tenpoint Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bma Tenpoint 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $471,649
For more financial information, click here
Official website here: www.bmaboston.com
What is the mission statement of Bma Tenpoint Inc?
Bma Tenpoint Inc's mission is centered around assisting its member pastors in providing faith-based solutions to the societal challenges and needs that affect the residents of various communities. By doing so, the organization aims to contribute positively to these communities. The Fiscal Partnerships Initiative (FPI), a program under Bma Tenpoint Inc, provides administrative back-office services to qualified nonprofit organizations, including faith-based ones. This initiative aims to offer high-quality administrative services in a cost-effective manner, enabling smaller community-based and faith-based organizations to grow in effectiveness.
Official website here: www.bmaboston.com
Who is the CEO of Bma Tenpoint Inc?
David Wright is the President of Bma Tenpoint Inc.
Official website here: www.bmaboston.com
What is the revenue of Bma Tenpoint Inc?
Bma Tenpoint Inc's revenue in 2022 was $1,390,686.
Official website here: www.bmaboston.com
Who are the executives of Bma Tenpoint Inc and what are their salaries?
Here are 17 key members and their salaries:
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Official website here: www.bmaboston.com
Where can I find the form 990 for Bma Tenpoint Inc?
Bma Tenpoint Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bmaboston.com
Learn more at the official website: www.bmaboston.com
Mission Statement of Bma Tenpoint Inc
Bma Tenpoint Inc, as a nonprofit organization, is committed to assisting its member pastors in providing faith-based solutions to the needs and social problems that affect the residents of Boston's communities. Their mission is to help these pastors effectively address the challenges faced by their communities, offering faith-based solutions as a way to uplift and support those in need.
To achieve this mission, Bma Tenpoint Inc has introduced the Fiscal Partnerships Initiative (FPI). This program provides administrative back-office services to qualified nonprofit organizations, including smaller community-based and faith-based organizations. The purpose of FPI is to offer these organizations a cost-effective method of obtaining high-quality administrative services, thereby allowing them to focus on their primary mission of serving their communities. Additionally, Bma Tenpoint Inc leverages its organizational strengths to support these smaller organizations, enabling them to grow in effectiveness.
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Impact
July, 2024
Bma Tenpoint Inc's impact is focused on helping member pastors provide faith-based solutions to the needs and social problems that confront the residents of the communities of Boston. Through their Fiscal Partnerships Initiative (FPI), they provide administrative back office services for qualified organizations, particularly smaller community-based and faith-based organizations. This allows these smaller organizations to obtain high-quality administrative services in a cost-effective manner, helping them grow in effectiveness. By supporting these organizations, Bma Tenpoint Inc plays a vital role in strengthening the capacity of the community to address various social issues and improve the lives of residents in Boston.
This information is meant to be a general summary of Bma Tenpoint 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: $200
- Program Service Revenue: $76,379
- Gross Receipts: $1,390,686
Assets and Liabilities:
- Total Assets: $761,364
- Total Liabilities: $154,126
- Net Assets: $607,238
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$63,623
OTHER PROGRAM FEES
Revenue
$12,756
Organization Details
Founding Year
1998
Phone
(617) 445-2737Principal Officer
David Wright
Main Address
2010 COLUMBUS AVENUE, BOSTON, MA, 02119
Website
www.bmaboston.comNTEE Category
Code: X21 - Religion related
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