Overview
What is Bridge Builders Community Foundations Fka Venango Area Comm Foundation?
Bridge Builders Community Foundations Fka Venango Area Comm Foundation is a nonprofit organization situated in Oil City, Pennsylvania. With a team of three dedicated individuals, their primary mission is to address the needs of communities in Clarion, Forest, and Venango Counties. They achieve this by managing and distributing funds in the form of scholarships, grants, and other forms of assistance. This nonprofit organization encourages individuals, families, businesses, and organizations to establish permanent funds, which are then invested to generate earnings that support educational, health, humanitarian, and cultural needs within the local communities. The foundation's goal is to help the communities in their service area overcome the challenges of changing times.
Official website here: www.bbcf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating
Bridge Builders Community Foundations, formerly known as the Venango Area Community Foundation, has achieved a perfect score of 100% on Charity Navigator, reflecting its exceptional accountability and financial health. This high rating is primarily based on the organization’s strong governance practices, including an entirely independent board of directors and a comprehensive financial oversight structure.
The foundation demonstrates robust financial management, with a program expense ratio of 86.71%, indicating that a significant portion of its funds is dedicated to its mission-driven programs. Additionally, the organization maintains transparency by providing access to its financial documents and policies on its website, including conflict of interest and whistleblower policies, which further enhance its credibility.
Despite the outstanding ratings and governance, potential donors may want to consider the organization's specific programs and initiatives to ensure alignment with their philanthropic goals. Overall, the Bridge Builders Community Foundations exemplifies strong financial integrity and accountability, making it a trustworthy choice for charitable contributions.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Bridge Builders Community Foundations Fka Venango Area Comm Foundation?
90% of 21 reviewers on Facebook recommend this charity. Here is a summary of their reviews:
Many users appreciate the mission of Bridge Builders Community Foundations, noting its commitment to community growth and improvement. The organization is praised for its proactive approach to addressing local needs, showcasing a genuine dedication to serving the community effectively. Overall, those who have engaged with the foundation feel positive about its impact and the initiatives it supports.
Supporters highlight that the foundation plays an essential role in enhancing the quality of life for community members, making it a reliable choice for those looking to contribute to meaningful causes. The foundation's ongoing development is viewed positively, suggesting that it is evolving to better meet the needs of the population it serves.
This AI summary has been generated from reviews found on Facebook.
Is Bridge Builders Community Foundations Fka Venango Area Comm Foundation legitimate?
Bridge Builders Community Foundations Fka Venango Area Comm Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bridge Builders Community Foundations Fka Venango Area Comm 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: $64,119
Professional Fundraising Fees: $0
Other Salaries and Wages: $75,508
For more financial information, click here
Official website here: www.bbcf.org
What is the mission statement of Bridge Builders Community Foundations Fka Venango Area Comm Foundation?
The Bridge Builders Community Foundations, formerly known as Venango Area Community Foundation, serves the communities of Clarion, Forest, and Venango counties. Its mission is to develop, manage, and distribute funding to cater to the current and future needs of these communities. Individuals, families, businesses, and organizations contribute to building permanent funds, aimed at helping communities overcome the challenges posed by changing times. The foundation invests these funds, utilizing the earnings to fund grants supporting educational, health, humanitarian, and cultural needs of the local population and organizations.
Official website here: www.bbcf.org
Who is the CEO of Bridge Builders Community Foundations Fka Venango Area Comm Foundation?
Trenton Moulin is the Director of Bridge Builders Community Foundations Fka Venango Area Comm Foundation. The CEO's salary of Bridge Builders Community Foundations Fka Venango Area Comm Foundation is $64,119 and their total compensation is $76,346.
Official website here: www.bbcf.org
What is the revenue of Bridge Builders Community Foundations Fka Venango Area Comm Foundation?
Bridge Builders Community Foundations Fka Venango Area Comm Foundation's revenue in 2022 was $1,636,788.
Official website here: www.bbcf.org
Who are the executives of Bridge Builders Community Foundations Fka Venango Area Comm Foundation and what are their salaries?
The average compensation at Bridge Builders Community Foundations Fka Venango Area Comm Foundation during 2022 was $46,542. There are 3 employees and 44 volunteers at Bridge Builders Community Foundations Fka Venango Area Comm Foundation.
Here are 12 key members and their salaries (Bridge Builders Community Foundations Fka Venango Area Comm Foundation's CEO's salary is $64,119 and their total compensation is $76,346):
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- Compensation: $64,119
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- Other: $12,227
Official website here: www.bbcf.org
Where can I find the form 990 for Bridge Builders Community Foundations Fka Venango Area Comm Foundation?
Bridge Builders Community Foundations Fka Venango Area Comm Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bbcf.org
Learn more at the official website: www.bbcf.org
Mission Statement of Bridge Builders Community Foundations Fka Venango Area Comm Foundation
Bridge Builders Community Foundations, formerly known as Venango Area Community Foundation, is dedicated to serving the communities of Clarion, Forest, and Venango counties. Their mission is twofold: firstly, they strive to develop, manage, and distribute funding to address the current and future needs of these communities. Secondly, they encourage individuals, families, businesses, and organizations to establish permanent funds, which are then invested to generate earnings. These earnings are used to grant funds to support a variety of educational, health, humanitarian, and cultural needs in the local areas. By doing so, Bridge Builders Community Foundations aims to help the communities in their service area overcome the challenges presented by changing times.
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Impact
October, 2024
Bridge Builders Community Foundations has a significant impact on the communities of Clarion, Forest, and Venango Counties by cultivating a culture of philanthropy and addressing local needs effectively. By developing, managing, and distributing funding, the foundation responds to the immediate and future challenges faced by these communities.
Individuals, families, businesses, and organizations contribute to creating permanent funds that empower the foundation to grant support where it's most needed. This funding directly impacts educational initiatives, health services, humanitarian efforts, and cultural enrichment, fostering a more resilient and engaged community. The foundation’s approach to investing these funds ensures sustainable resources that continue to benefit future generations. Through scholarships, grants, and other forms of assistance, Bridge Builders profoundly enhances the quality of life and supports the aspirations of the residents in these counties.
This information is meant to be a general summary of Bridge Builders Community Foundations Fka Venango Area Comm 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: $384,146
- Program Service Revenue: $258,051
- Gross Receipts: $1,636,788
Assets and Liabilities:
- Total Assets: $15,946,859
- Total Liabilities: $2,192,787
- Net Assets: $13,754,072
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INVESTMENT MANAGEMENT
Revenue
$258,051
Organization Details
Founding Year
1975
Phone
(814) 677-8687Principal Officer
Trenton Moulin
Main Address
206 SENECA ST NATIONAL TRANSIT BLD, OIL CITY, PA, 16301
Website
www.bbcf.orgNTEE Category
Code: T31 - Philanthropy
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