Overview
What is Homer F & Marian G Broome Family Foundation?
The Homer F & Marian G Broome Family Foundation, based in Los Angeles, California, is a nonprofit organization with a mission to empower and uplift young individuals and families. They achieve this goal by providing educational, legal, and supportive services, aiming to foster lives of significance and value for each person and family they assist. One of their notable initiatives, Hope4Families, equips over 200 low-income families with special needs children, enabling them to advocate effectively for their children's unique requirements within their schools. This ultimately ensures their children's success in both academic and personal aspects of life. The foundation operates with a staff of three individuals, demonstrating their commitment to making a difference in the lives of their beneficiaries.
Official website here: www.broomeff.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Star rating)
The Homer F & Marian G Broome Family Foundation has received a low rating of 56%, indicating potential concerns regarding its accountability and financial practices. The foundation scored well in areas such as having a majority of independent board members and a solid program expense ratio, suggesting strong governance in these aspects. However, the organization struggled significantly with financial transparency, receiving zero points for financial statements and liabilities to assets ratio, which raises questions about its financial management.
In terms of governance policies, the foundation also showed weaknesses, receiving no points for its conflict of interest and whistleblower policies. This lack of essential governance frameworks may contribute to transparency and trust issues among stakeholders. While the foundation has met some criteria for board independence and operational integrity, these deficiencies could hinder its overall effectiveness and reputation within the nonprofit sector.
Overall, while the Homer F & Marian G Broome Family Foundation exhibits some strengths in governance structure, its significant shortcomings in financial reporting and essential policies reflect a need for improvement to ensure a higher level of accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Homer F & Marian G Broome Family Foundation legitimate?
Homer F & Marian G Broome Family Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Homer F & Marian G Broome Family 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $160,838
For more financial information, click here
Official website here: www.broomeff.org
What is the mission statement of Homer F & Marian G Broome Family Foundation?
The Homer F & Marian G Broome Family Foundation's mission is centered around empowering and supporting young people and families. They strive to equip these individuals with educational, legal, and other necessary services, aiming to help them lead meaningful lives. The foundation's goal is to make a difference in the lives of one young person and one family at a time. Through their initiative, Hope4Families, they have provided resources to over 200 low-income families with special needs children, enabling them to advocate effectively for their children's unique needs in school and beyond.
Official website here: www.broomeff.org
Who is the CEO of Homer F & Marian G Broome Family Foundation?
Gregory Mcnair is the President of Homer F & Marian G Broome Family Foundation.
Official website here: www.broomeff.org
What is the revenue of Homer F & Marian G Broome Family Foundation?
Homer F & Marian G Broome Family Foundation's revenue in 2021 was $514,495.
Official website here: www.broomeff.org
Who are the executives of Homer F & Marian G Broome Family Foundation and what are their salaries?
The average compensation at Homer F & Marian G Broome Family Foundation during 2021 was $53,613. There are 3 employees at Homer F & Marian G Broome Family Foundation.
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Official website here: www.broomeff.org
Where can I find the form 990 for Homer F & Marian G Broome Family Foundation?
Homer F & Marian G Broome Family Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.broomeff.org
Learn more at the official website: www.broomeff.org
Mission Statement of Homer F & Marian G Broome Family Foundation
The Homer F & Marian G Broome Family Foundation is committed to empowering and encouraging young individuals and families by providing them with educational, legal, and support services. The organization's mission is to help these young people and families build lives of significance and value, one person and one family at a time. To achieve this, the foundation has initiated a program called Hope4Families, which aims to equip and support low-income families with special needs children. Through Hope4Families, the foundation provides these families with the necessary tools to advocate for their children's unique needs, ensuring they receive the services they require to succeed in school and in life. The Broome Family Foundation's work is focused on making a meaningful impact in the lives of young people and families, fostering growth and empowerment.
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Impact
July, 2024
The Homer F & Marian G Broome Family Foundation has a significant impact on low-income families with special needs children in Los Angeles, California. Through its program Hope4Families, the foundation has equipped over 200 families with the tools they need to advocate for their children with unique needs. This support ensures that these families and children receive the necessary services from their schools to be successful in both academics and in life. The foundation's work directly contributes to the empowerment and well-being of these families, making a tangible difference in their lives.
This information is meant to be a general summary of Homer F & Marian G Broome Family 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 2021.
- Program Service Revenue: $483,095
- Gross Receipts: $514,495
Assets and Liabilities:
- Total Assets: $17,266
- Total Liabilities: $186,713
- Net Assets: -$169,447
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Legal ServiceS
Revenue
$483,095
Organization Details
Founding Year
2009
Principal Officer
Gregory Mcnair
Main Address
4559 W SLAUSON AVE STE 515, Los Angeles, CA, 90056
Website
www.broomeff.orgNTEE Category
Code: B80 - Education
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