Overview
What is Boston Bruins Charitable Foundation Inc?
The Boston Bruins Charitable Foundation Inc, established by the Jacob family in 2003, is a 501(c)(3) nonprofit organization situated in Boston, Massachusetts. Their primary mission is to aid charitable organizations demonstrating a strong commitment to improving children's lives in the New England community. This is achieved through various fundraising events, resulting in over $35 million raised since its inception. The foundation focuses on supporting organizations that prioritize academics, athletics, health, and community outreach programs, believing these pillars will create a robust support system to enhance the community as a whole. The Boston Bruins Charitable Foundation Inc provides grants to eligible organizations, aiming to enrich the lives of children and their families in the New England region.
Official website here: www.bruins.nhl.com/foundation
What are the reviews and ratings of this charity?
Charity Navigator rating: 91% (Four-Star out of Four Stars)
The Boston Bruins Charitable Foundation Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. The organization scored 91%, with the overall rating derived entirely from its Accountability & Finance metrics. This high score indicates effective management of its financial resources and adherence to best practices in transparency and governance.
One of the organization's key strengths is its independent board governance, with a perfect score of 10 out of 10 for having a majority of independent board members. The foundation also excels in its financial oversight, as evidenced by its robust audit and oversight committee and a program expense ratio of 96.03%, showing that a significant majority of its funds are directed toward programs rather than administrative costs.
While the organization demonstrates strong fiscal responsibility and transparency, it is important to consider that this rating is heavily focused on financial metrics. User feedback beyond financial data was not provided, so it is unclear how the foundation's impact is perceived by the community it serves. Overall, the Boston Bruins Charitable Foundation Inc appears well-managed and dedicated to its mission, standing out in terms of accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Boston Bruins Charitable Foundation Inc legitimate?
Boston Bruins Charitable Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boston Bruins Charitable 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.bruins.nhl.com/foundation
What is the mission statement of Boston Bruins Charitable Foundation Inc?
The Boston Bruins Charitable Foundation Inc is committed to aiding charitable organizations that exhibit a strong dedication to improving the quality of life for children within their community. Their mission extends beyond this, focusing on organizations that prioritize academics, athletics, community outreach, and health and wellness. The foundation believes that these pillars will establish a robust support system, ultimately leading to the betterment of the community as a whole. The organization's goal is to assist these charitable entities, thereby contributing to the overall well-being of children and their families throughout New England.
Official website here: www.bruins.nhl.com/foundation
Who is the CEO of Boston Bruins Charitable Foundation Inc?
Robert Sweeney is the President of Boston Bruins Charitable Foundation Inc.
Official website here: www.bruins.nhl.com/foundation
What is the revenue of Boston Bruins Charitable Foundation Inc?
Boston Bruins Charitable Foundation Inc's revenue in 2022 was $3,967,130.
Official website here: www.bruins.nhl.com/foundation
Who are the executives of Boston Bruins Charitable Foundation Inc and what are their salaries?
There 100 volunteers at Boston Bruins Charitable Foundation Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $212,533
- Other: $24,061
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bruins.nhl.com/foundation
Where can I find the form 990 for Boston Bruins Charitable Foundation Inc?
Boston Bruins Charitable Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bruins.nhl.com/foundation
Learn more at the official website: www.bruins.nhl.com/foundation
Mission Statement of Boston Bruins Charitable Foundation Inc
The Boston Bruins Charitable Foundation Inc is committed to assisting charitable organizations that show a strong dedication to improving the quality of life for children in their community. Their mission is centered around supporting organizations that demonstrate a commitment to enhancing the lives of children and their families throughout New England. The foundation primarily focuses on organizations that are concentrated on academics, athletics, community outreach, and health and wellness. By investing in these areas, the Boston Bruins Charitable Foundation Inc believes that it can create a robust support system that will ultimately lead to the betterment of their community.
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Impact
October, 2024
The Boston Bruins Charitable Foundation Inc significantly enhances the quality of life for children and their families throughout New England. By addressing key areas such as athletics, academics, health, and community outreach, the foundation supports organizations dedicated to these pillars, which are crucial for building a strong support system for youth.
Since its inception in 2003, the foundation has raised over $35 million through various fundraising events, demonstrating a robust commitment to philanthropy. This financial support translates into meaningful grants for charitable organizations that align with its mission, fostering positive change in local communities. The foundation's efforts contribute to enriching the lives of children, empowering them to thrive in safe, healthy, and nurturing environments.
Through collaboration and investment in impactful programs, the Boston Bruins Charitable Foundation plays a pivotal role in shaping a brighter future for the youth of New England.
This information is meant to be a general summary of Boston Bruins Charitable 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: $72
- Gross Receipts: $5,475,829
Assets and Liabilities:
- Total Assets: $2,200,804
- Total Liabilities: $937,434
- Net Assets: $1,263,370
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Organization Details
Founding Year
2003
Phone
(617) 624-1900Principal Officer
Robert Sweeney
Main Address
100 LEGENDS WAY, BOSTON, MA, 02114
NTEE Category
Code: T30 - Philanthropy
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