Overview
What is Somerset County Business Partnership Foundation?
The Somerset County Business Partnership Foundation is a nonprofit organization situated in Bridgewater, New Jersey. With a strong commitment to fostering business growth and sustainability, they offer a variety of resources to their members and the wider business community. These resources include networking opportunities, educational events, and educational services. Their primary mission is to establish robust connections between public, private, and business sector partners, aiming to craft a thriving and long-lasting future. Their key program areas cover member services, tourism, and economic development, contributing positively to the prosperity of Somerset County.
Official website here: www.scbp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Somerset County Business Partnership Foundation has received a Three-Star rating from Charity Navigator, reflecting an overall score of 81%. This rating is primarily based on the organization's accountability and finance practices, which are deemed strong, indicating responsible financial management and transparency.
Key strengths include a fully independent board, with all members meeting the criteria for independence, and a robust financial oversight structure that includes an audit committee. The organization also demonstrates effective governance practices through the implementation of policies such as conflict of interest and whistleblower protections, contributing to its high accountability score.
While the financial health indicators are positive, it's important to note that the rating does not reflect programmatic effectiveness or impact, as these aspects are not included in the score. Therefore, potential donors may want to consider additional factors beyond financial metrics when evaluating the Foundation's overall performance and mission effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Somerset County Business Partnership Foundation legitimate?
Somerset County Business Partnership Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Somerset County Business Partnership 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: $175,157
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.scbp.org
What is the mission statement of Somerset County Business Partnership Foundation?
The Somerset County Business Partnership Foundation aims to foster strong connections between its public, private partners, members, and the business community. Their mission is geared towards establishing a prosperous and sustainable future for all. The organization offers a variety of business resources, including networking events and educational services, to its members and the local business community. Their primary focus areas include member services, tourism, and economic development.
Official website here: www.scbp.org
Who is the CEO of Somerset County Business Partnership Foundation?
Chris Edwards is the Chairperson of Somerset County Business Partnership Foundation. The CEO's salary of Somerset County Business Partnership Foundation is $0 and their total compensation is $137,513.
Official website here: www.scbp.org
What is the revenue of Somerset County Business Partnership Foundation?
Somerset County Business Partnership Foundation's revenue in 2022 was $959,404.
Official website here: www.scbp.org
Who are the executives of Somerset County Business Partnership Foundation and what are their salaries?
There 35 volunteers at Somerset County Business Partnership Foundation.
Here are 6 key members and their salaries (Somerset County Business Partnership Foundation's CEO's salary is $0 and their total compensation is $137,513):
- 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: $137,513
- Other: $0
Official website here: www.scbp.org
Where can I find the form 990 for Somerset County Business Partnership Foundation?
Somerset County Business Partnership Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.scbp.org
Learn more at the official website: www.scbp.org
Mission Statement of Somerset County Business Partnership Foundation
The Somerset County Business Partnership Foundation is dedicated to fostering strong connections between its public, private, and business partners with the objective of establishing a flourishing and sustainable future. Their mission is centered around building a cohesive network among these entities, aiming to drive prosperity and growth in the business community. The organization offers a variety of resources to its members and the wider business community, including networking events and educational services, focusing on three primary areas: member services, tourism, and economic development.
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Impact
October, 2024
The Somerset County Business Partnership Foundation fosters vibrant connections among public and private partners, members, and the broader business community, playing a pivotal role in building a prosperous and sustainable future. By providing a diverse range of business resources, including networking opportunities and educational events, the Foundation enhances the capabilities of its members and supports economic development in the region.
Through its three core program areas—member services, tourism, and economic development—the Foundation contributes significantly to community improvement and local economic vitality. By facilitating collaboration among various stakeholders, it helps to drive initiatives that stimulate growth and sustainability, ensuring that Somerset County remains a vibrant place for both businesses and residents. The impact of its work is evident in the strengthened relationships and enhanced resources available to the business community, ultimately leading to a more prosperous and interconnected local economy.
This information is meant to be a general summary of Somerset County Business Partnership 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.
- Program Service Revenue: $350,253
- Gross Receipts: $959,404
Assets and Liabilities:
- Total Assets: $54,044
- Total Liabilities: $303,082
- Net Assets: -$249,038
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Projects and Events
Revenue
$350,253
Organization Details
Founding Year
2002
Phone
(908) 218-4300Principal Officer
Chris Edwards
Main Address
360 GROVE STREET, BRIDGEWATER, NJ, 08807
Website
www.scbp.orgNTEE Category
Code: S31 - Community improvement
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