Overview
What is The Community Foundation Of Oyster Bay Inc?
The Community Foundation of Oyster Bay Inc, located in Oyster Bay, New York, is a nonprofit organization dedicated to supporting various community and charitable initiatives. Their primary mission is to help make up budget deficits and contribute to programs that foster the well-being of youth and families, specifically the Parent-Child Program, Bullock Horizons Program, and Build a Better Oyster Bay Program. In addition, they play an active role in funding and backing worthy local organizations that align with their values and objectives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 67%)
The Community Foundation of Oyster Bay Inc has received a two-star rating from Charity Navigator, indicating that it needs improvement in its accountability and financial practices. While the organization has a fully independent board and maintains a low liabilities to assets ratio, it lacks transparency due to missing financial statements and other essential policies such as conflict of interest and whistleblower protections.
The organization demonstrates a strong commitment to program expenses, with a program expense ratio of 83.98%, meaning the majority of its resources are directed towards its mission. However, the absence of critical governance documents and policies raises concerns about its operational transparency and ethical practices.
Despite commendable aspects like having independent board members and no material diversion of assets, the significant gaps in reporting and policy implementation hinder overall trustworthiness. Stakeholders and potential donors may want to consider these factors when evaluating their support for the foundation.
This AI summary has been generated from information found on Charity Navigator.
Is The Community Foundation Of Oyster Bay Inc legitimate?
The Community Foundation Of Oyster Bay Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Community Foundation Of Oyster Bay 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.
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What is the mission statement of The Community Foundation Of Oyster Bay Inc?
The Community Foundation of Oyster Bay Inc has a mission to support various worthy community and charitable organizations. This mission is carried out through its primary goal of providing financial aid to programs such as Youth & Family Counseling, Parent-Child Program, Bullock Horizons Program, and Build a Better Oyster Bay Program. The foundation aims to help these organizations overcome budget deficits and continue their valuable work within their communities. By providing support, the Community Foundation of Oyster Bay Inc plays a crucial role in strengthening and uplifting the communities it serves.
Who is the CEO of The Community Foundation Of Oyster Bay Inc?
Julia Deming Vaughn is the President of The Community Foundation Of Oyster Bay Inc.
What is the revenue of The Community Foundation Of Oyster Bay Inc?
The Community Foundation Of Oyster Bay Inc's revenue in 2022 was $529,342.
Who are the executives of The Community Foundation Of Oyster Bay Inc and what are their salaries?
Here are 20 key members and their salaries:
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Where can I find the form 990 for The Community Foundation Of Oyster Bay Inc?
The Community Foundation Of Oyster Bay Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Community Foundation Of Oyster Bay Inc
The Community Foundation of Oyster Bay Inc is committed to supporting various worthy community and charitable organizations. At the heart of its mission is a dedication to uplifting youth and families, as evidenced by its focus on funding deficits and backing initiatives such as the Parent-Child Program, Bullock Horizons Program, and Build a Better Oyster Bay Program. By doing so, the foundation aims to contribute positively to the well-being of the community it serves.
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Impact
July, 2024
The Community Foundation Of Oyster Bay Inc's impact is significant in Oyster Bay, NY, where it supports worthy community and charitable organizations. Specifically, its activities such as youth and family counseling help to address budget deficits, support parent-child programs, fund the Bullock Horizons program, and contribute to the Build a Better Oyster Bay program. Through its philanthropic efforts, this organization plays a vital role in improving the well-being and opportunities available to individuals and families in the community.
This information is meant to be a general summary of The Community Foundation Of Oyster Bay 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: $197,874
- Gross Receipts: $678,011
Assets and Liabilities:
- Total Assets: $7,415,111
- Total Liabilities: $10,000
- Net Assets: $7,405,111
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Organization Details
Founding Year
1982
Phone
(516) 922-6144Principal Officer
Julia Deming Vaughn
Main Address
PO BOX 329, OYSTER BAY, NY, 117710329
NTEE Category
Code: T31 - Philanthropy
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