Overview
What is Businessindustry Foundation Of Middlesex County Inc?
Businessindustry Foundation Of Middlesex County Inc is a nonprofit organization situated in Middletown, Connecticut. With a workforce of 97 individuals, its primary mission is to contribute positively to the business community in Middlesex County. This is achieved through various educational seminars and employment-related programs. One of their key initiatives involves helping welfare recipients and disadvantaged youth develop work-related disciplines, while another focuses on providing job training. Additionally, they offer an entrepreneurial and business development course, designed to assist minority small businesses in becoming more successful by fostering the right attitudes, skills, and qualities for successful business ownership.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star Rating
The Business Industry Foundation of Middlesex County Inc has achieved a high rating of 94% from Charity Navigator, reflecting excellent accountability and financial practices. This rating is derived solely from its strong performance in accountability and finance, which is critical for establishing trust with donors and the community.
The foundation demonstrates robust governance, with 100% of its board members being independent, ensuring unbiased decision-making. Additionally, the organization has comprehensive policies in place, including a conflict of interest policy and a whistleblower policy, which further enhances its operational transparency and ethical standards.
Financially, the foundation exhibits remarkable efficiency, with 97.81% of expenses allocated directly to its programs. This indicates a strong commitment to its mission, though the data does not provide specific information on program outcomes or areas for improvement. Overall, the foundation showcases a solid financial health and governance structure, making it a trustworthy nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Businessindustry Foundation Of Middlesex County Inc legitimate?
Businessindustry Foundation Of Middlesex County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Businessindustry Foundation Of Middlesex County 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: $114,539
For more financial information, click here
What is the mission statement of Businessindustry Foundation Of Middlesex County Inc?
The Businessindustry Foundation of Middlesex County Inc's mission is focused on enhancing the business community. They achieve this by conducting educational seminars and employment-related programs. Their activities include providing workshops to help individuals develop work-related disciplines, particularly for welfare recipients and disadvantaged youth. Additionally, they offer job training programs and an entrepreneurial and business development course, aimed at assisting minority small businesses in becoming more successful. The course aims to instill necessary attitudes, skills, and qualities for effective business ownership and success.
Who is the CEO of Businessindustry Foundation Of Middlesex County Inc?
Johanna Bond is the Former Secretary - Through 12/31/22 of Businessindustry Foundation Of Middlesex County Inc.
What is the revenue of Businessindustry Foundation Of Middlesex County Inc?
Businessindustry Foundation Of Middlesex County Inc's revenue in 2023 was $782,497.
Who are the executives of Businessindustry Foundation Of Middlesex County Inc and what are their salaries?
The average compensation at Businessindustry Foundation Of Middlesex County Inc during 2023 was $1,181. There are 97 employees and 500 volunteers at Businessindustry Foundation Of Middlesex County Inc.
Here are 14 key members and their salaries:
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- Other: $5,144
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- Other: $10,452
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Where can I find the form 990 for Businessindustry Foundation Of Middlesex County Inc?
Businessindustry Foundation Of Middlesex County Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Businessindustry Foundation Of Middlesex County Inc
The Businessindustry Foundation of Middlesex County Inc is dedicated to serving the business community in an impactful manner. Their primary mission involves conducting educational seminars and employment-related programs, aimed at benefiting businesses in the area. Through these initiatives, the foundation aims to prepare workers and provide them with necessary skills, including those designed for welfare recipients and disadvantaged youth.
In addition to worker preparation and training programs, the foundation offers an entrepreneurial and business development course. This course is specifically designed to assist minority small business owners in becoming more successful by fostering the necessary attitudes, skills, and qualities for effective business ownership and success. By offering these comprehensive programs, the Businessindustry Foundation of Middlesex County Inc plays a significant role in supporting the growth and success of businesses within the community.
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Impact
October, 2024
Businessindustry Foundation Of Middlesex County Inc significantly enhances the local business landscape by offering programs tailored to the needs of the community. The organization focuses on worker preparation and training, equipping welfare recipients and disadvantaged youth with essential work-related disciplines. Through its job training initiatives, it empowers individuals to gain valuable skills, increasing their employability and fostering economic mobility.
Additionally, the foundation provides an entrepreneurial and business development course specifically designed to support minority small businesses. This program cultivates the necessary attitudes, skills, and qualities that contribute to effective business ownership and success. By conducting educational seminars and employment-related programs, the foundation plays a crucial role in nurturing a robust business environment in Middlesex County, ultimately contributing to the growth and success of the local economy.
This information is meant to be a general summary of Businessindustry Foundation Of Middlesex County 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: $580
- Gross Receipts: $782,497
Assets and Liabilities:
- Total Assets: $908,895
- Total Liabilities: $293,137
- Net Assets: $615,758
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Organization Details
Founding Year
1986
Phone
(860) 347-6924Principal Officer
Johanna Bond
Main Address
393 MAIN STREET, MIDDLETOWN, CT, 06457
NTEE Category
Code: J20Z - Employment
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