Overview
What is Bruce L Crary Foundation Inc?
The Bruce L Crary Foundation Inc, located within the Adirondack area, is a nonprofit organization that primarily focuses on granting scholarship aid to local college students. Beyond this, they also contribute to various public educational, benevolent, and charitable initiatives within their community. Their mission encompasses a wide range of support, aiming to enhance the educational opportunities and overall wellbeing of the area's residents.
Official website here: www.craryfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating. The rating indicates that the Bruce L Crary Foundation Inc meets some standards of accountability and transparency but falls short in several critical areas. With an overall score of 73 in Accountability & Finance, the foundation demonstrates a strong commitment to having an independent board, with 100% of its board members being independent.
While the organization shows solid financial health with a low liabilities to assets ratio of 0.03% and a program expense ratio of nearly 70%, there are significant gaps in its governance practices. Notably, the foundation lacks a whistleblower policy and has not provided financial statements on its website, which could raise concerns for potential donors regarding transparency and oversight.
Overall, while the Bruce L Crary Foundation Inc has strengths in board independence and financial management, its lack of essential governance policies and missing documentation on its website highlight areas for improvement. Donors may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Bruce L Crary Foundation Inc legitimate?
Bruce L Crary Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bruce L Crary 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $56,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,404
For more financial information, click here
Official website here: www.craryfoundation.org
What is the mission statement of Bruce L Crary Foundation Inc?
The Bruce L Crary Foundation's mission is centered around providing scholarly support. It extends scholarship aid to students pursuing higher education within their local area. Beyond this educational initiative, the foundation also engages in public, benevolent, and charitable activities aimed at bettering the community within the Adirondack region. Specifically, the foundation's programs focus on scholarship assistance for college students.
Official website here: www.craryfoundation.org
Who is the CEO of Bruce L Crary Foundation Inc?
Colin Wells is the Govenor of Bruce L Crary Foundation Inc.
Official website here: www.craryfoundation.org
What is the revenue of Bruce L Crary Foundation Inc?
Bruce L Crary Foundation Inc's revenue in 2023 was $809,549.
Official website here: www.craryfoundation.org
Who are the executives of Bruce L Crary Foundation Inc and what are their salaries?
The average compensation at Bruce L Crary Foundation Inc during 2023 was $30,452. There are 2 employees at Bruce L Crary Foundation Inc.
Here are 8 key members and their salaries:
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Official website here: www.craryfoundation.org
Where can I find the form 990 for Bruce L Crary Foundation Inc?
Bruce L Crary Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.craryfoundation.org
Learn more at the official website: www.craryfoundation.org
Mission Statement of Bruce L Crary Foundation Inc
The Bruce L Crary Foundation, a nonprofit organization, is dedicated to providing scholarship aid to college students in its area of operation. Beyond this primary mission, the foundation also supports various public educational, benevolent, and charitable endeavors. The foundation's programs are designed to cater to the educational needs of college students, offering them financial aid to pursue their higher education. The Bruce L Crary Foundation's mission reflects its commitment to fostering learning and personal growth among young individuals, contributing to the betterment of society as a whole.
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Impact
October, 2024
The Bruce L Crary Foundation Inc plays a vital role in enhancing educational opportunities for college students in the Adirondack area. By providing scholarship aid, the foundation empowers local students to pursue higher education, alleviating some of the financial burdens associated with college tuition and related costs. This support not only facilitates individual academic journeys but also contributes to the overall educational landscape of the region.
Beyond scholarships, the foundation's commitment extends to various benevolent and charitable initiatives that benefit the community. Its efforts help foster a culture of education and support in Elizabethtown and surrounding areas, ultimately promoting lifelong learning and community development. Through its programs, the foundation helps cultivate a more educated workforce and encourages the realization of academic and professional aspirations among young individuals.
This information is meant to be a general summary of Bruce L Crary 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: $789,294
- Gross Receipts: $813,895
Assets and Liabilities:
- Total Assets: $9,476,803
- Total Liabilities: $3,500
- Net Assets: $9,473,303
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Organization Details
Founding Year
1973
Phone
(518) 873-6496Principal Officer
Colin Wells
Main Address
PO BOX 396 8273 RIVER STREET, ELIZABETHTOWN, NY, 12932
Website
www.craryfoundation.orgNTEE Category
Code: B82Z - Education
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