Overview
What is Friends Of Thunder Bay National Marine Sanctuary?
Friends of Thunder Bay National Marine Sanctuary is a nonprofit organization situated in Alpena, Michigan, specifically at 500 W FLETCHER ST. Their primary objective is to support the operations and programs of the Thunder Bay National Marine Sanctuary. This entails funding and providing educational opportunities both at the sanctuary building and within its boundaries. The organization, with a workforce of 16 individuals, plays a crucial role in promoting awareness and understanding of the marine sanctuary's rich marine ecosystem.
Official website here: www.thunderbayfriends.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, Two-Star out of Four Star Rating
Friends Of Thunder Bay National Marine Sanctuary received a Two-Star rating from Charity Navigator, indicating a moderate level of financial accountability and transparency. The charity scored well in areas such as having a fully independent board and a strong program expense ratio, with 95.02% of its funds allocated to programs. However, significant concerns were noted in their financial reporting, as they did not provide financial statements or post their tax form on their website.
While the organization demonstrates a commitment to governance with an entirely independent board, it falls short in establishing key operational policies, including conflict of interest and whistleblower policies. This lack of essential documentation may affect overall trust and transparency, which are critical for donor confidence.
Additionally, despite having no material diversion of assets and a favorable liabilities to assets ratio, the absence of certain financial documents limits the charity's ability to present a comprehensive view of its financial health. Overall, while Friends Of Thunder Bay National Marine Sanctuary shows strengths in program spending and board independence, improvements in financial transparency and policy creation are needed to enhance their accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Friends Of Thunder Bay National Marine Sanctuary legitimate?
Friends Of Thunder Bay National Marine Sanctuary is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Thunder Bay National Marine Sanctuary 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: $76,159
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Official website here: www.thunderbayfriends.org
What is the mission statement of Friends Of Thunder Bay National Marine Sanctuary?
The mission of Friends of Thunder Bay National Marine Sanctuary is centered around funding and supporting the operations and programs of the Thunder Bay National Marine Sanctuary. This encompasses providing educational opportunities both at the sanctuary's building and within its boundaries. The organization's primary goal is to contribute to the sanctuary's activities, aiming to promote awareness and understanding of marine life and conservation efforts.
Official website here: www.thunderbayfriends.org
Who is the CEO of Friends Of Thunder Bay National Marine Sanctuary?
Charles Wiesen is the Director of Friends Of Thunder Bay National Marine Sanctuary.
Official website here: www.thunderbayfriends.org
What is the revenue of Friends Of Thunder Bay National Marine Sanctuary?
Friends Of Thunder Bay National Marine Sanctuary's revenue in 2023 was $559,979.
Official website here: www.thunderbayfriends.org
Who are the executives of Friends Of Thunder Bay National Marine Sanctuary and what are their salaries?
The average compensation at Friends Of Thunder Bay National Marine Sanctuary during 2023 was $4,760. There are 16 employees and 25 volunteers at Friends Of Thunder Bay National Marine Sanctuary.
Here are 5 key members and their salaries:
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Official website here: www.thunderbayfriends.org
Where can I find the form 990 for Friends Of Thunder Bay National Marine Sanctuary?
Friends Of Thunder Bay National Marine Sanctuary's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thunderbayfriends.org
Learn more at the official website: www.thunderbayfriends.org
Mission Statement of Friends Of Thunder Bay National Marine Sanctuary
Friends of Thunder Bay National Marine Sanctuary is an organization dedicated to funding and supporting the operations and programs of the Thunder Bay National Marine Sanctuary. Their mission is multifaceted, with a primary focus on providing educational opportunities both at the sanctuary building and within the sanctuary's boundaries. This commitment to education aims to engage and enlighten individuals about the marine environment and the significance of preserving it. By doing so, Friends of Thunder Bay National Marine Sanctuary contributes to the sanctuary's mission of protecting and conserving the underwater cultural heritage and natural resources within the sanctuary's boundaries. Their efforts help ensure that future generations can continue to appreciate and learn from this important marine ecosystem.
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Impact
July, 2024
Friends of Thunder Bay National Marine Sanctuary's impact is significant in supporting the operations and programs of the Thunder Bay National Marine Sanctuary. By funding educational opportunities both at the sanctuary building and within its boundaries, the organization actively contributes to the conservation and awareness efforts aimed at preserving this vital marine environment. Through their philanthropic endeavors, Friends of Thunder Bay National Marine Sanctuary play a crucial role in safeguarding the sanctuary's resources for future generations.
This information is meant to be a general summary of Friends Of Thunder Bay National Marine Sanctuary. 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: $1,699
- Program Service Revenue: $100,422
- Gross Receipts: $663,693
Assets and Liabilities:
- Total Assets: $684,714
- Total Liabilities: $7,558
- Net Assets: $677,156
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$54,952
EDUCATIONAL PROGRAMS
Revenue
$32,870
PROGRAM SERVICE DOCKING FEES
Revenue
$12,600
Organization Details
Founding Year
2010
Phone
(989) 356-8805Principal Officer
Charles Wiesen
Main Address
500 W FLETCHER ST, ALPENA, MI, 49707
Website
www.thunderbayfriends.orgNTEE Category
Code: T30 - Philanthropy
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