Overview
What is Buena Regional Education Foundation Inc?
Buena Regional Education Foundation Inc is a nonprofit organization situated in Vineland, New Jersey. Their primary focus is on making donations to the Buena Regional School District, aiming to provide scholarships for graduating seniors to continue their education and cover various educational expenses that the school district may require. The foundation's mission is centered around supporting the educational growth of students in their community, contributing to their future success.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70%, Two-Star out of Four Star rating
Buena Regional Education Foundation Inc has received a two-star rating from Charity Navigator, reflecting a 70% score in overall evaluation. The organization demonstrates strong accountability in board governance, with a fully independent board and no material diversion of assets. However, significant shortcomings were noted in their transparency, particularly regarding tax form disclosures and essential organizational policies.
The foundation's financial metrics show a favorable liabilities to assets ratio and a solid program expense ratio, indicating prudent financial management. Despite these strengths, the lack of essential disclosures such as a conflict of interest policy and missing documentation of board meeting minutes raises concerns about operational transparency and adherence to best practices.
While the foundation has a sound governance structure, addressing the identified limitations in policy disclosures and website transparency could enhance its rating. Improving these areas would not only boost their accountability score but also build greater trust with potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Buena Regional Education Foundation Inc legitimate?
Buena Regional Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Buena Regional Education 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.
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What is the mission statement of Buena Regional Education Foundation Inc?
The Buena Regional Education Foundation Inc's primary objective is to provide financial aid in the form of scholarships to graduating seniors within the Buena Regional School District. This financial assistance is intended to support their continued education and cover any additional educational expenses that may be necessary for the school district. By doing so, the foundation aims to help these students further their academic pursuits and achieve their educational goals. The foundation's mission is primarily centered around supporting the educational growth and future prospects of the district's graduating seniors.
Who is the CEO of Buena Regional Education Foundation Inc?
Louis L Petrini Sr is the President of Buena Regional Education Foundation Inc.
What is the revenue of Buena Regional Education Foundation Inc?
Buena Regional Education Foundation Inc's revenue in 2023 was $78,377.
Who are the executives of Buena Regional Education Foundation Inc and what are their salaries?
There 16 volunteers at Buena Regional Education Foundation Inc.
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Where can I find the form 990 for Buena Regional Education Foundation Inc?
Buena Regional Education Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Buena Regional Education Foundation Inc
Buena Regional Education Foundation Inc is committed to supporting the Buena Regional School District by providing scholarships and financial aid to graduating seniors for their higher education and other necessary educational expenses. The organization's mission is to contribute financially to the school district, thereby enabling deserving students to pursue their academic journeys beyond high school. By offering scholarships, Buena Regional Education Foundation Inc aims to alleviate the financial burden on these students and provide them with the opportunity to further their education. This mission reflects the organization's dedication to investing in the future of its community's youth, thereby contributing to their personal growth and the overall development of society.
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Impact
August, 2024
Buena Regional Education Foundation Inc has a significant impact on the educational opportunities available to graduating seniors in the Buena Regional School District. By providing scholarships and financial support for further education and other educational expenses, the foundation directly contributes to the academic and personal growth of these students. This creates a ripple effect that not only benefits the individual recipients but also enriches the community by investing in the future leaders and professionals of tomorrow. Through its mission of supporting students in their pursuit of higher education, the foundation plays a vital role in promoting access to educational opportunities and helping students achieve their full potential.
This information is meant to be a general summary of Buena Regional Education 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: $3,943
- Gross Receipts: $87,634
Assets and Liabilities:
- Total Assets: $91,742
- Total Liabilities: $0
- Net Assets: $91,742
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Organization Details
Founding Year
2000
Phone
(856) 692-6900Principal Officer
Louis L Petrini Sr
Main Address
100 N MAIN RD, VINELAND, NJ, 08360
NTEE Category
Code: N20 - Recreation
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