Overview
What is Broadcasters Foundation Of America?
The Broadcasters Foundation of America is a charitable organization situated in New York City, specifically at 125 WEST 55TH STREET 4TH FLOOR. Its primary objective is to enhance the lives of professionals in the television and radio broadcasting industry and their families who encounter unforeseen hardships due to illness, age, the loss of a spouse, or other unfortunate circumstances. The organization offers two types of grant programs: monthly grants for those unable to work and emergency grants for those affected by natural disasters or home emergencies. During the previous year, the foundation distributed a total of $1,763,325 in financial assistance to professionals in the broadcast industry. Their assistance is anonymous, ensuring the recipients' privacy.
Official website here: www.broadcastersfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Star rating)
The Broadcasters Foundation of America has achieved an impressive score of 98%, reflecting a high level of accountability and financial health. With a perfect score in Accountability & Finance, the organization demonstrates robust practices, including an independent board comprising 97% of its members. Their commitment to financial transparency is evident, with no material diversion of assets and a strong program expense ratio of 78.11%.
While the charity excels in financial management and governance, scoring 100 in both Leadership & Adaptability and Accountability & Finance, there are areas that show room for improvement. Their Culture & Community score of 87 indicates a positive environment but suggests potential for more engagement or outreach initiatives. User feedback may focus on how the organization can enhance its community impact and foster a stronger connection with beneficiaries.
Overall, the Broadcasters Foundation of America stands out for its solid financial practices and leadership. However, enhancing community engagement may further strengthen its overall effectiveness and reputation within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Broadcasters Foundation Of America?
92% of the six reviews on Facebook recommend the Broadcasters Foundation of America. Here is a summary of their insights:
Most users express optimism about the organization’s mission and the support it offers to those in the broadcasting industry. The sentiment is largely positive, with a strong call for community support and understanding among peers. However, one review stands out as not recommending the nonprofit, indicating that opinions may vary among specific individuals.
Overall, the majority seem to appreciate the foundation's efforts and encourage positivity, highlighting a supportive environment for members of the broadcasting community.
This AI summary has been generated from reviews found on Facebook.
Is Broadcasters Foundation Of America legitimate?
Broadcasters Foundation Of America is a legitimate nonprofit organization registered as a 501(c)(3) entity. Broadcasters Foundation Of America 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: $34,000
Other Salaries and Wages: $872,442
For more financial information, click here
Official website here: www.broadcastersfoundation.org
What is the mission statement of Broadcasters Foundation Of America?
The Broadcasters Foundation of America's mission is to enhance the lives of professionals in the television and radio broadcast industry and their families who face challenging circumstances beyond their control. The foundation extends its aid anonymously in situations of critical illness, advanced age, loss of a spouse, accidents, and significant misfortunes, reaching out nationwide to provide the necessary assistance.
Official website here: www.broadcastersfoundation.org
Who is the CEO of Broadcasters Foundation Of America?
Timothy Mccarthy is the Co-President of Broadcasters Foundation Of America.
Official website here: www.broadcastersfoundation.org
What is the revenue of Broadcasters Foundation Of America?
Broadcasters Foundation Of America's revenue in 2022 was $2,430,687.
Official website here: www.broadcastersfoundation.org
Who are the executives of Broadcasters Foundation Of America and what are their salaries?
The average compensation at Broadcasters Foundation Of America during 2022 was $145,407. There are 6 employees at Broadcasters Foundation Of America.
Here are 49 key members and their salaries:
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Official website here: www.broadcastersfoundation.org
Where can I find the form 990 for Broadcasters Foundation Of America?
Broadcasters Foundation Of America's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.broadcastersfoundation.org
Learn more at the official website: www.broadcastersfoundation.org
Mission Statement of Broadcasters Foundation Of America
The Broadcasters Foundation of America is a nonprofit organization with a mission to enhance the lives of professional individuals working in the television and radio broadcast industry and their families. In situations where they are facing challenges beyond their control, such as critical illness, advanced age, the loss of a spouse, accidents, or serious misfortunes, the foundation extends a helping hand anonymously. It reaches out across the nation to identify these individuals in need and provides the necessary assistance to alleviate their distress.
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Impact
July, 2024
The Broadcasters Foundation of America provides crucial support to professional men and women in the television and radio broadcast industry and their families who are facing acute need through no fault of their own. This assistance extends to cases of critical illness, advanced age, death of a spouse, accidents, and serious misfortune. The foundation's impact is evident in its provision of financial aid totaling $1,763,325 during the calendar year. This aid is disseminated monthly to beneficiaries nationwide, ensuring that those in crisis receive the necessary support promptly. Additionally, the foundation offers emergency grants to individuals affected by natural disasters and home emergencies, further demonstrating its commitment to improving the quality of life for broadcasting professionals during times of difficulty.
This information is meant to be a general summary of Broadcasters Foundation Of America. 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: $160,247
- Gross Receipts: $6,903,994
Assets and Liabilities:
- Total Assets: $5,868,979
- Total Liabilities: $75,145
- Net Assets: $5,793,834
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Organization Details
Founding Year
1960
Phone
(212) 373-8250Principal Officer
Timothy Mccarthy
Main Address
125 WEST 55TH STREET 4TH FLOOR, NEW YORK, NY, 100195366
NTEE Category
Code: A30 - Arts
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