Overview
What is Fayette County Bar Foundation Inc?
Fayette County Bar Foundation Inc is a nonprofit organization situated in Lexington, Kentucky, specifically at 110 W Vine Street 415. Their primary focus is on soliciting tax-exempt contributions and distributing grants to other charitable organizations with a focus on law-related projects, activities, and education. By doing so, they aim to support various initiatives that enhance legal knowledge and promote legal activities within their community.
Official website here: www.fcbf.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Stars)
The Fayette County Bar Foundation Inc has earned a three-star rating from Charity Navigator, reflecting an overall score of 83%. This rating is based entirely on the organization's Accountability & Finance practices, indicating a strong emphasis on responsible financial management. Notably, the foundation has achieved a perfect score for having a fully independent board as well as a low ratio of liabilities to assets, demonstrating financial stability.
Strengths of the organization include a high program expense ratio of 75.44%, which suggests that a significant portion of its funding is utilized directly for its programs rather than administrative costs. The foundation's policies regarding conflict of interest and its transparent documentation of board meeting minutes further enhance its accountability and governance standards.
However, the organization has some limitations, including the absence of a whistleblower policy and a document retention and destruction policy, which received a score of zero in these areas. Addressing these gaps could improve the foundation’s overall accountability score and strengthen its operational policies, ensuring greater transparency and trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Fayette County Bar Foundation Inc legitimate?
Fayette County Bar Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fayette County Bar 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.fcbf.net
What is the mission statement of Fayette County Bar Foundation Inc?
The Fayette County Bar Foundation Inc's primary mission is to collect tax-exempt contributions and subsequently distribute these funds as grants. These grants are intended for tax-exempt charitable organizations engaged in law-related projects, activities, and education. The foundation's goal is to support these organizations in their endeavors, contributing to the advancement of legal projects and education.
Official website here: www.fcbf.net
Who is the CEO of Fayette County Bar Foundation Inc?
Ellen M Sharp is the President of Fayette County Bar Foundation Inc.
Official website here: www.fcbf.net
What is the revenue of Fayette County Bar Foundation Inc?
Fayette County Bar Foundation Inc's revenue in 2022 was $45,140.
Official website here: www.fcbf.net
Who are the executives of Fayette County Bar Foundation Inc and what are their salaries?
Here are 25 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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.fcbf.net
Where can I find the form 990 for Fayette County Bar Foundation Inc?
Fayette County Bar Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fcbf.net
Learn more at the official website: www.fcbf.net
Mission Statement of Fayette County Bar Foundation Inc
The Fayette County Bar Foundation Inc is an organization dedicated to raising funds through the solicitation of tax-exempt contributions. Their primary mission is to distribute these collected funds as grants to various tax-exempt charitable organizations. These organizations engage in law-related projects, activities, and educational initiatives. By doing so, the Fayette County Bar Foundation Inc plays a crucial role in supporting the advancement of legal knowledge and promoting legal aid in the community. Their work ultimately aims to enhance the overall legal landscape and contribute to the betterment of society.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Fayette County Bar Foundation Inc's impact is centered around soliciting tax-exempt contributions and distributing grants to charitable organizations for law-related projects, activities, and education. By doing so, the foundation plays a significant role in supporting initiatives that promote legal education, improve access to justice, and enhance the legal system in the community. Through its philanthropic efforts, Fayette County Bar Foundation Inc contributes to the advancement of the legal sector and fosters positive change in the region.
This information is meant to be a general summary of Fayette County Bar 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: $19,574
- Gross Receipts: $371,397
Assets and Liabilities:
- Total Assets: $1,003,025
- Total Liabilities: $0
- Net Assets: $1,003,025
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2006
Phone
(859) 225-9897Principal Officer
Ellen M Sharp
Main Address
110 W VINE ST 415, LEXINGTON, KY, 40507
Website
www.fcbf.netNTEE Category
Code: T30 - Philanthropy
If you are a representative of Fayette County Bar Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.