Overview
What is Bridge Boston Foundation Inc?
Bridge Boston Foundation Inc is a nonprofit organization, headquartered at 435 Warren Street, Roxbury, MA 02119. Its primary mission is to enhance the financial well-being of Bridge Boston Charter School. To accomplish this, the foundation engages in fundraising activities, collecting and managing funds to support the school's full-service and educational programs. The foundation's objective is to contribute to the school's operations and ensure its success in providing quality education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating.
Bridge Boston Foundation Inc has earned an 86% score from Charity Navigator, indicating a solid level of accountability and finance management. The rating reflects a strong emphasis on financial oversight, with 100% of the board members being independent and a well-structured Audit and Oversight Committee. Additionally, the organization demonstrates a high program expense ratio of 98.83%, suggesting that a significant portion of its funds is directed towards its mission.
The foundation's governance is notably robust, evidenced by the absence of material diversion of assets and thorough documentation of board meeting minutes. Each aspect of financial management, from conflict of interest policies to liabilities relative to assets, shows that the organization maintains a transparent and responsible approach in its operations.
While the overall score is commendable, it is derived entirely from the Accountability & Finance category, indicating that there may be limited insight into other areas such as impact and program effectiveness. Nonetheless, the positive indicators in governance and financial health make Bridge Boston Foundation Inc a trustworthy nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Bridge Boston Foundation Inc legitimate?
Bridge Boston Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bridge Boston 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Bridge Boston Foundation Inc?
The Bridge Boston Foundation Inc was established with a mission to strengthen the financial health of Bridge Boston Charter School. This is accomplished by securing and managing funds for the school's operations. The primary objective of the foundation is to financially support various full-service and educational activities within the school, thereby contributing to its overall growth and development.
Who is the CEO of Bridge Boston Foundation Inc?
Paul Karger is the President of Bridge Boston Foundation Inc.
What is the revenue of Bridge Boston Foundation Inc?
Bridge Boston Foundation Inc's revenue in 2023 was $1,588,278.
Who are the executives of Bridge Boston Foundation Inc and what are their salaries?
There 7 volunteers at Bridge Boston Foundation Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Bridge Boston Foundation Inc?
Bridge Boston Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Bridge Boston Foundation Inc
Bridge Boston Foundation Inc is established with a mission to bolster the financial stability of Bridge Boston Charter School. This mission is accomplished by soliciting, receiving, and managing funds to sustain the school's operations and various full-service and educational activities. The foundation's primary goal is to ensure the financial well-being of the school, thereby contributing to its overall success and ability to provide quality education to its students. By raising funds, Bridge Boston Foundation Inc supports a wide range of initiatives that enhance the learning experience and overall development of the students at Bridge Boston Charter School.
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Impact
October, 2024
Bridge Boston Foundation Inc plays a crucial role in enhancing the educational landscape for students at Bridge Boston Charter School. By focusing on the financial well-being of the school, it diligently raises funds that directly support a variety of full-service and educational activities. This financial support enables the school to provide enriched learning experiences, contribute to the overall development of students, and address the diverse needs of the community it serves in Roxbury, MA. Through its efforts, the foundation fosters a more robust educational environment, ensuring that students receive the resources and opportunities necessary for their academic and personal growth.
This information is meant to be a general summary of Bridge Boston 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: $663,976
- Gross Receipts: $1,588,278
Assets and Liabilities:
- Total Assets: $13,794,692
- Total Liabilities: $2,895,313
- Net Assets: $10,899,379
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Organization Details
Founding Year
2011
Phone
(857) 229-1601Principal Officer
Paul Karger
Main Address
435 WARREN STREET, ROXBURY, MA, 02119
NTEE Category
Code: B112 - Education
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