Overview
What is Bhcare Foundation Inc?
Bhcare Foundation Inc, based in North Haven, Connecticut, serves as a fundraising entity to support the initiatives of BHcare, Inc. This 501(c)(3) organization is committed to enhancing community health and improving the quality of life for individuals. Bhcare Foundation Inc specifically focuses on raising funds to aid BHcare in providing essential services, including mental health, addiction, and domestic violence support. The foundation's contributions help BHcare in its mission to offer these vital resources to individuals and families in need.
Official website here: www.bhcare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating
Bhcare Foundation Inc has achieved an impressive 97% score, securing a Four-Star rating, which highlights its strong performance in accountability and finance. This rating indicates that the organization is well-managed and effectively utilizes its resources, with a focus on transparency and responsible financial practices.
The foundation demonstrates several organizational strengths, including a fully independent board of directors and a commitment to ethical governance, reflected in their comprehensive policies such as conflict of interest and whistleblower protection. Additionally, the foundation allocates a significant portion of its expenses to program services, with a program expense ratio of 76.14%, signaling a commitment to fulfilling its mission.
While the financial performance is commendable, notable salaries for key positions, such as the President/CEO earning $273,973, may raise questions about compensation relative to organizational size and scope. However, the foundation's strong accountability measures help mitigate concerns regarding financial management. Overall, Bhcare Foundation Inc stands out as a reputable organization with a solid commitment to its core mission and responsible governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Bhcare Foundation Inc legitimate?
Bhcare Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bhcare 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: $136,439
For more financial information, click here
Official website here: www.bhcare.org
What is the mission statement of Bhcare Foundation Inc?
Bhcare Foundation Inc's mission is centered around raising funds to support BHcare, a 501(c)(3) organization. The primary focus of BHcare is to enhance community health and improve the quality of life for individuals. They accomplish this by offering mental health, addiction, and domestic violence services. The mission of Bhcare Foundation Inc, therefore, is to contribute financially to these initiatives, ultimately aiding BHcare in achieving its objective of improving the well-being of individuals in the community.
Official website here: www.bhcare.org
Who is the CEO of Bhcare Foundation Inc?
Lorraine Branecky is the Chief Financial Officer of Bhcare Foundation Inc. The CEO's salary of Bhcare Foundation Inc is $273,973 and their total compensation is $322,444.
Official website here: www.bhcare.org
What is the revenue of Bhcare Foundation Inc?
Bhcare Foundation Inc's revenue in 2023 was $488,383.
Official website here: www.bhcare.org
Who are the executives of Bhcare Foundation Inc and what are their salaries?
There 50 volunteers at Bhcare Foundation Inc.
Here are 5 key members and their salaries (Bhcare Foundation Inc's CEO's salary is $273,973 and their total compensation is $322,444):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $273,973
- Related: $0
- Other: $48,471
- Compensation: $154,283
- Related: $0
- Other: $26,376
Official website here: www.bhcare.org
Where can I find the form 990 for Bhcare Foundation Inc?
Bhcare Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bhcare.org
Learn more at the official website: www.bhcare.org
Mission Statement of Bhcare Foundation Inc
Bhcare Foundation Inc is dedicated to raising funds to support the mission of Bhcare, Inc., a 501(c)(3) organization. Bhcare, Inc.'s mission, in turn, is to enhance community health and improve the quality of life for individuals by offering essential services in the areas of mental health, addiction, and domestic violence. By providing financial backing for Bhcare, Inc.'s programs, Bhcare Foundation Inc plays a crucial role in helping this nonprofit organization achieve its goals and contribute positively to the well-being of local individuals.
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Impact
July, 2024
The impact of Bhcare Foundation Inc is significant in improving community health and the quality of life of individuals. Through fundraising efforts, the foundation supports BHcare, Inc., a 501(c)(3) organization that provides vital mental health, addiction, and domestic violence services. By raising funds for these programs, Bhcare Foundation Inc plays a crucial role in ensuring that individuals in need have access to essential support and resources in NORTH HAVEN, CT.
This information is meant to be a general summary of Bhcare 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 2023.
- Investment Income: $53,708
- Gross Receipts: $783,574
Assets and Liabilities:
- Total Assets: $1,423,436
- Total Liabilities: $297,211
- Net Assets: $1,126,225
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Organization Details
Founding Year
1985
Phone
(203) 446-9739Principal Officer
Lorraine Branecky
Main Address
C/O BHcare 127 Washington Avenue, North Haven, CT, 06473
Website
www.bhcare.orgNTEE Category
Code: Z99Z - Unknown
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