Overview
What is Business Education Foundation?
The Business Education Foundation, located in Bristol, Connecticut, at 440 North Main Street, is a nonprofit organization committed to fostering business education within the community. This foundation grants resources to local teachers and schools, enabling them to execute numerous projects throughout the year. The primary objective of the organization is to champion business education in Bristol, Connecticut, as stated in their exempt purpose. The organization operates under the name CO Central CT Chambers of Commerce.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
The Business Education Foundation has received a Two-Star rating from Charity Navigator, indicating a need for improvement in certain operational areas. The organization scored well in aspects of accountability, with a fully independent board and no material diversion of assets, showcasing a solid foundation in governance and financial management. Its program expense ratio is healthy at 72.40%, reflecting a commitment to its mission.
Despite these strengths, the foundation has notable deficiencies that contribute to its low rating. Key policies, such as a conflict of interest policy, whistleblower policy, and document retention policy, are missing, which raises concerns about transparency and accountability. Additionally, the absence of the nonprofit's website listed on tax forms and the failure to post the tax form on its website further highlight areas for improvement in communication and compliance.
Overall, while the Business Education Foundation demonstrates strong financial stewardship, it must address its governance policies and enhance its online presence to improve its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Business Education Foundation legitimate?
Business Education Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Business Education 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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What is the mission statement of Business Education Foundation?
The Business Education Foundation's primary objective is to foster business education. This mission is executed by providing grants to educators and schools, enabling them to develop numerous projects throughout the year. By doing so, the foundation contributes to the enhancement of business education, ultimately promoting knowledge and skills in this field.
Who is the CEO of Business Education Foundation?
Cynthia Bombard is the Trustee/Dire of Business Education Foundation.
What is the revenue of Business Education Foundation?
Business Education Foundation's revenue in 2022 was $19,474.
Who are the executives of Business Education Foundation and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Business Education Foundation?
Business Education Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Business Education Foundation
The Business Education Foundation, as stated, is dedicated to advancing business education in its primary exempt purpose. This organization fulfills its mission by providing grants to teachers and schools within its sphere, enabling them to develop various educational projects throughout the year. In doing so, the Foundation plays a crucial role in promoting business education across its community.
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Impact
August, 2024
The Business Education Foundation's impact is primarily seen in its promotion of business education in Bristol, CT. By providing grants to Bristol teachers and schools, the foundation offers the opportunity to create various educational projects throughout the year. This support helps enhance the quality of business education in the community, ultimately benefiting students and preparing them for future success in the business world.
This information is meant to be a general summary of Business Education 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: $111
- Gross Receipts: $22,351
Assets and Liabilities:
- Total Assets: $88,359
- Total Liabilities: $0
- Net Assets: $88,359
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Organization Details
Founding Year
1990
Phone
(860) 584-7043Principal Officer
Cynthia Bombard
Main Address
440 NORTH MAIN STREET, BRISTOL, CT, 06010
NTEE Category
Code: B95Z - Education
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