Overview
What is Bwi Community Develop Foundation Inc?
Bwi Community Develop Foundation Inc, often referred to as "The Partnership Foundation," is a 501(c)(3) nonprofit organization established in 2008. Based in Linthicum Heights, Maryland, its primary mission is to revitalize and transform the Central Maryland region. It achieves this goal by supporting and implementing initiatives within its strategic focus areas, which include transportation, economic development, community development, workforce development, education, hospitality, tourism, and local military support. One of its notable projects is the County Connector, a free shuttle service connecting workforce, jobseekers, and residents to key locations like BWI Marshall Airport, Live Casino & Hotel, Arundel Mills Mall, and BWI MARC/AMTRAK stations, making employment opportunities more accessible for those with limited transportation options.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Star rating)
Bwi Community Development Foundation Inc has received a low overall score of 56%, indicating areas of concern that potential donors may want to consider. While the organization demonstrates a strong commitment to accountability with a fully independent board and robust policies regarding conflicts of interest, the overall financial health appears problematic, particularly indicated by its liabilities to assets ratio, which is significantly high at 170.12%.
The Foundation excels in its program expense ratio, allocating nearly all its funding directly to its programs. This reflects a strong dedication to its mission and suggests effective use of funds in areas intended to create impact. It is noteworthy that there have been no reported material diversions of assets, showcasing integrity in financial management.
However, the high liabilities relative to its assets raise red flags regarding the organization's financial stability. Donors may want to exercise caution and consider these financial challenges when deciding to support the Foundation. Overall, while there are commendable aspects of governance and program expenditure, the financial distress should be a critical factor in decision-making.
This AI summary has been generated from information found on Charity Navigator.
Is Bwi Community Develop Foundation Inc legitimate?
Bwi Community Develop Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bwi Community Develop 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:
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What is the mission statement of Bwi Community Develop Foundation Inc?
The Bwi Community Development Foundation, often referred to as "The Partnership Foundation," is a 501(c)(3) non-profit organization established in 2008. Its primary mission is to revitalize and transform the Central Maryland region by backing and executing initiatives within its strategic focus areas. These areas include transportation, economic development, community and workforce growth, education, hospitality, tourism, and local military support. The foundation aims to support and implement projects within these sectors to enhance the region's overall well-being.
What is the revenue of Bwi Community Develop Foundation Inc?
Bwi Community Develop Foundation Inc's revenue in 2023 was $1,210,372.
Who are the executives of Bwi Community Develop Foundation Inc and what are their salaries?
There 7 volunteers at Bwi Community Develop Foundation Inc.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Bwi Community Develop Foundation Inc?
Bwi Community Develop Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Bwi Community Develop Foundation Inc
The Bwi Community Development Foundation, also known as "The Partnership Foundation," is a 501(c)(3) non-profit organization established in 2008. Its mission is to transform and revitalize the central Maryland region by supporting and implementing initiatives within its strategic focus areas. These areas include transportation, economic development, community and workforce development, education, hospitality, tourism, and local military support. The foundation seeks to contribute positively to its community by investing in projects that align with these sectors, aiming to improve the overall quality of life in the region.
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Impact
October, 2024
BWI Community Development Foundation Inc significantly impacts the central Maryland region through targeted initiatives aimed at revitalization and community support. One of its primary programs, the County Connector, offers a free shuttle service that bridges gaps in transportation for job seekers, residents, and individuals with limited access to public transit. This program connects users to key locations including BWI Marshall Airport, Live Casino & Hotel, Arundel Mills Mall, and BWI MARC/Amtrak stations, effectively facilitating access to employment opportunities.
By prioritizing strategic focus areas such as transportation, economic development, community and workforce development, education, hospitality, tourism, and local military support, the organization fosters economic growth and community integration. Its efforts not only enhance mobility but also contribute to the overall prosperity of the region, making it more accessible and supportive for all residents. Through these initiatives, the foundation plays a crucial role in transforming the region and creating valuable opportunities that uplift the community.
This information is meant to be a general summary of Bwi Community Develop 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.
- Program Service Revenue: $16,475
- Gross Receipts: $1,210,372
Assets and Liabilities:
- Total Assets: $168,220
- Total Liabilities: $286,186
- Net Assets: -$117,966
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUMMER YOUTH INITIATIVE
Revenue
$16,475
Organization Details
Founding Year
2008
Principal Officer
Mary Linda Greene
NTEE Category
Code: T31 - Philanthropy
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