Overview
What is Bennington Community Foundation?
The Bennington Community Foundation is a nonprofit organization located in Bennington, NE (PO Box 201). Its primary purpose is to promote philanthropy, channeling funds towards charitable programs and organizations that benefit the Bennington community. They establish strategic relationships to foster community development and economic growth, acting as responsible stewards of philanthropic donations. The foundation's mission involves building these relationships to support the community's betterment and facilitate economic development.
Official website here: www.benningtonfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Bennington Community Foundation has earned a 76% rating from Charity Navigator, which reflects its solid performance in accountability and finance. The organization boasts a fully independent board of 14 members and has no material diversion of assets, indicating strong governance practices. Additionally, the foundation demonstrates an effective use of funds with a program expense ratio of 76.43%.
However, the organization does have areas for improvement, particularly in its governance policies. It lacks a conflict of interest policy, a whistleblower policy, and a document retention policy, which could raise concerns about transparency and accountability. These shortcomings suggest that while the foundation performs well in certain financial aspects, it could benefit from enhancing its governance framework to better safeguard its operations and stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is Bennington Community Foundation legitimate?
Bennington Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bennington Community Foundation 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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Official website here: www.benningtonfoundation.com
What is the mission statement of Bennington Community Foundation?
The Bennington Community Foundation's mission is centered around building strategic relationships to enhance community betterment and foster economic development. They achieve this by acting as stewards of philanthropic gifts. The organization's primary goal is to promote philanthropy, using donations to fund charitable programs and organizations that serve the Bennington community. By doing so, they aim to contribute to the improvement and development of the community at large.
Official website here: www.benningtonfoundation.com
Who is the CEO of Bennington Community Foundation?
Timothy Clark is the President of Bennington Community Foundation.
Official website here: www.benningtonfoundation.com
What is the revenue of Bennington Community Foundation?
Bennington Community Foundation's revenue in 2022 was $108,230.
Official website here: www.benningtonfoundation.com
Who are the executives of Bennington Community Foundation and what are their salaries?
There 25 volunteers at Bennington Community Foundation.
Here are 14 key members and their salaries:
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Official website here: www.benningtonfoundation.com
Where can I find the form 990 for Bennington Community Foundation?
Bennington Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.benningtonfoundation.com
Learn more at the official website: www.benningtonfoundation.com
Mission Statement of Bennington Community Foundation
Bennington Community Foundation, a philanthropic organization, is dedicated to fostering strategic relationships aimed at enhancing community betterment and encouraging economic development. Acting as stewards of charitable gifts, their mission is to facilitate these initiatives, ultimately promoting philanthropy that funds various programs and organizations serving the Bennington community. By doing so, they aim to contribute to the betterment of their community, fostering a sense of growth and development.
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Impact
October, 2024
The Bennington Community Foundation plays a crucial role in enhancing the quality of life in Bennington by fostering strategic relationships that drive community betterment. Through its stewardship of philanthropic gifts, the foundation actively promotes philanthropy, fueling funding for charitable programs and organizations that directly serve the local community. This commitment not only supports social initiatives but also facilitates economic development, creating a robust environment for growth and collaboration. By connecting donors with impactful projects, the foundation cultivates a thriving culture of giving that empowers residents and strengthens community ties.
This information is meant to be a general summary of Bennington Community Foundation. 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: $132
- Gross Receipts: $129,856
Assets and Liabilities:
- Total Assets: $446,886
- Total Liabilities: $2,254
- Net Assets: $444,632
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Organization Details
Founding Year
2005
Phone
(402) 578-2407Principal Officer
Timothy Clark
Main Address
PO BOX 201, BENNINGTON, NE, 68007
Website
www.benningtonfoundation.comNTEE Category
Code: T30 - Philanthropy
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