Overview
What is Bay Rama Inc?
Bay Rama Inc, a nonprofit organization situated in New Baltimore, MI, is dedicated to uplifting its local communities. This is achieved through various initiatives, including park development, providing scholarships for students, and contributing to local charities. By focusing on park maintenance and development, Bay Rama Inc ensures that its citizens have access to green spaces and recreational facilities. Additionally, the organization extends its support by granting funds to non-profit organizations, further strengthening the community. This multifaceted approach enables Bay Rama Inc to contribute positively to its local communities, enhancing their quality of life.
Official website here: www.bay-rama.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%
Bay Rama Inc has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score of 36% suggests that the organization struggles with maintaining key transparency and governance standards. While the charity boasts a fully independent board and has documented board meeting minutes, it lacks several critical policies that are essential for proper governance.
The organization's strengths include a complete independent board and a good record of not diverting assets. However, the absence of important policies, such as a conflict of interest policy and whistleblower policy, raises red flags about governance practices. Additionally, the organization has not made its tax forms available on its website, which is a requirement for transparency.
Financially, Bay Rama Inc shows a relatively low program expense ratio of 40.93%, indicating that less than half of its expenditures are directed toward its programs. This low ratio combined with a high liabilities to assets ratio suggests that the charity may not be managing its resources effectively, which could impact its sustainability and operational effectiveness in the long run.
This AI summary has been generated from information found on Charity Navigator.
Is Bay Rama Inc legitimate?
Bay Rama Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bay Rama 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: $0
For more financial information, click here
Official website here: www.bay-rama.com
What is the mission statement of Bay Rama Inc?
Bay Rama Inc's mission is centered around improving local communities. They accomplish this through various initiatives, including the development and maintenance of parks, providing scholarships to students, and offering support to local charities. This organization strives to enhance the quality of life in its community by investing in these areas, aiming to create a more enriching environment for all.
Official website here: www.bay-rama.com
Who is the CEO of Bay Rama Inc?
Stephanie Yenna is the Vice President of Bay Rama Inc.
Official website here: www.bay-rama.com
What is the revenue of Bay Rama Inc?
Bay Rama Inc's revenue in 2022 was $167,208.
Official website here: www.bay-rama.com
Who are the executives of Bay Rama Inc and what are their salaries?
There 100 volunteers at Bay Rama Inc.
Here are 5 key members and their salaries:
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Official website here: www.bay-rama.com
Where can I find the form 990 for Bay Rama Inc?
Bay Rama Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bay-rama.com
Learn more at the official website: www.bay-rama.com
Mission Statement of Bay Rama Inc
Bay Rama Inc, a non-profit organization, is dedicated to enhancing the well-being of local communities. Their mission is multifaceted, encompassing park development, charitable support, and scholarship programs for students. Through park development, Bay Rama contributes to the aesthetic and recreational aspects of their localities, ensuring that communities have accessible and well-maintained green spaces.
Beyond park development, Bay Rama extends its reach to the local charitable sector. They provide financial support to various non-profit organizations, aiding them in their respective missions. This philanthropic endeavor strengthens the fabric of the communities, as these organizations often cater to the unique needs and challenges faced by local residents.
Lastly, Bay Rama Inc offers scholarships to students, investing in the future leaders and innovators of their communities. By providing financial aid, they empower youth to pursue their educational goals and contribute positively to society. In essence, Bay Rama Inc's mission is to improve the lives of community members, both present and future, through various initiatives that foster a sense of unity, well-being, and progress.
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Impact
October, 2024
Bay Rama Inc plays a significant role in enhancing the quality of life in New Baltimore, MI, through its dedicated efforts in park development, local charity support, and student scholarships. By focusing on park development, they create green spaces that serve as recreational areas for families and individuals, promoting community well-being and environmental sustainability. Their commitment to maintaining and developing parks enriches the community's outdoor experience and fosters a sense of belonging.
In addition to enhancing public spaces, Bay Rama Inc contributes to the local economy and social fabric by providing scholarships for students. These scholarships empower young individuals to pursue their educational goals, making a lasting impact on their futures and, by extension, the community's future.
The organization also supports local charities, which helps address various community needs, thereby strengthening social ties and ensuring that essential services and support systems are accessible to residents. Through their multifaceted approach, Bay Rama Inc directly contributes to the betterment of local communities, fostering a vibrant, connected, and thriving environment in New Baltimore.
This information is meant to be a general summary of Bay Rama 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 2022.
- Investment Income: $662
- Gross Receipts: $292,150
Assets and Liabilities:
- Total Assets: $521,627
- Total Liabilities: $650
- Net Assets: $520,977
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Organization Details
Founding Year
1968
Phone
(810) 278-1890Principal Officer
Stephanie Yenna
Main Address
PO BOX 25, NEW BALTIMORE, MI, 48047
Website
www.bay-rama.comNTEE Category
Code: P20 - Human services
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