Overview
What is Great Lakes Bay Foundation?
The Great Lakes Bay Foundation is a nonprofit organization situated in Bay City, Michigan, specifically at 122 Uptown Drive Suite 204. Its primary mission is to foster, promote, and commemorate regional collaboration and initiatives that contribute to the economic growth and enhanced quality of life in the Great Lakes Bay region. To achieve this goal, the foundation has partnered with the Michigan Health Improvement Alliance (MIHIA) and the Great Lakes Bay Regional Alliance (GLBRA) through the Great Lakes Bay Health and Economic Initiative. This collaboration aims to improve the region's health and sustain economic growth. The foundation has contracted with a consulting group to develop a strategic plan, which includes identifying a portfolio of interventions to enhance the region's overall health and economy.
Official website here: www.greatlakesbay.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star Rating
The Great Lakes Bay Foundation has received a score of 77%, resulting in a Three-Star rating from Charity Navigator, which indicates a fair level of accountability and financial health. This score is solely derived from the Accountability & Finance category, reflecting the extent to which the organization manages its resources responsibly.
Strengths of the foundation include its fully independent board, which scores 8 out of 8 points, and transparency in financial oversight, including a strong audit and oversight committee that garnered the maximum score. The organization also demonstrates a high commitment to program expenditure, with a program expense ratio of 92.30%, indicating that the majority of its funds are directed towards its mission-related activities.
However, the foundation's liabilities to assets ratio of 81.37% has negatively impacted its overall accountability score, contributing to the lower end of the rating scale. This suggests that while the organization is managing many aspects effectively, it may face challenges concerning its financial leverage. Overall, while the Great Lakes Bay Foundation displays strong governance and financial management practices, potential donors may consider the implications of its liability ratio.
This AI summary has been generated from information found on Charity Navigator.
Is Great Lakes Bay Foundation legitimate?
Great Lakes Bay Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Great Lakes Bay 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $76,422
Professional Fundraising Fees: $0
Other Salaries and Wages: $238,567
For more financial information, click here
Official website here: www.greatlakesbay.com
What is the mission statement of Great Lakes Bay Foundation?
The Great Lakes Bay Foundation's mission is to foster and promote regional collaboration and initiatives aimed at enhancing the economic vitality and quality of life within the Great Lakes Bay region. The organization encourages and supports such initiatives, serving as a celebratory platform for their success. The foundation's activities are focused on improving the economic well-being and overall quality of life within the region, striving to create a thriving and prosperous community.
In partnership with the Great Lakes Bay Regional Alliance (GLBRA) and the Michigan Health Improvement Alliance (MIHIA), the foundation has launched the Great Lakes Bay Health and Economic Initiative. This joint effort aims to deliver improved health outcomes and sustained economic growth within the region. To achieve this goal, they have engaged a consulting group to help develop a strategic plan, identifying a portfolio of interventions that can improve the region's health and economy effectively.
Official website here: www.greatlakesbay.com
Who is the CEO of Great Lakes Bay Foundation?
Matthew Felan is the President of Great Lakes Bay Foundation.
Official website here: www.greatlakesbay.com
What is the revenue of Great Lakes Bay Foundation?
Great Lakes Bay Foundation's revenue in 2022 was $525,507.
Official website here: www.greatlakesbay.com
Who are the executives of Great Lakes Bay Foundation and what are their salaries?
Here are 50 key members and their salaries:
- Compensation: $76,423
- Related: $91,878
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Official website here: www.greatlakesbay.com
Where can I find the form 990 for Great Lakes Bay Foundation?
Great Lakes Bay Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.greatlakesbay.com
Learn more at the official website: www.greatlakesbay.com
Mission Statement of Great Lakes Bay Foundation
The Great Lakes Bay Foundation's mission is centered around encouraging, supporting, and celebrating regional collaboration and initiatives. Its primary goal is to enhance the economic vitality and quality of life in the Great Lakes Bay region. By fostering collaboration and initiating projects, the foundation aims to bring about positive changes that benefit the community as a whole.
In pursuit of this mission, the Great Lakes Bay Foundation has partnered with the Great Lakes Bay Regional Alliance (GLBRA) and the Michigan Health Improvement Alliance (MIHIA) to launch the Great Lakes Bay Health and Economic Initiative. This joint venture aims to improve the region's health and promote sustained economic growth. To achieve this, the foundation has engaged a consulting group to help develop a strategic plan, identifying a strategic portfolio of interventions that can improve the region's health and economy. This approach demonstrates the foundation's commitment to a comprehensive and thoughtful approach to regional development.
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Impact
July, 2024
The Great Lakes Bay Foundation's impact is focused on encouraging, supporting, and celebrating regional collaboration and initiatives that aim to improve the economic vitality and quality of life in the Great Lakes Bay region. One of their significant initiatives is the Great Lakes Bay Health and Economic Initiative, a collaboration between the Great Lakes Bay Regional Alliance and the Michigan Health Improvement Alliance. This initiative is aimed at delivering improved health outcomes and sustained economic growth in the region. By developing a strategic plan and identifying interventions to enhance the region's health and economy, the foundation is making a tangible impact on the well-being and prosperity of the Great Lakes Bay community.
This information is meant to be a general summary of Great Lakes Bay 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: $13
- Program Service Revenue: $54,000
- Gross Receipts: $525,507
Assets and Liabilities:
- Total Assets: $220,903
- Total Liabilities: $179,752
- Net Assets: $41,151
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION FEE
Revenue
$54,000
Organization Details
Founding Year
2007
Phone
(989) 695-6100Principal Officer
Matthew Felan
Main Address
122 UPTOWN DRIVE SUITE 204, BAY CITY, MI, 48708
Website
www.greatlakesbay.comNTEE Category
Code: P20 - Human services
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