Overview
What is Beckley Area Foundation Inc?
Beckley Area Foundation Inc, located in Beckley, West Virginia, serves as a catalyst for charitable giving within its community. Operating with a team of six dedicated individuals, the foundation primarily focuses on distributing grants from its unallocated funds for community benefit projects. Its core mission is to motivate and foster generous philanthropy, aiming to enhance the local community's well-being and development.
Official website here: www.bafwv.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
The Beckley Area Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial management. The foundation's overall score is based entirely on its accountability and finance metrics, showcasing its strong governance practices and operational transparency. A perfect score in several key areas demonstrates the organization's commitment to responsible oversight and effective use of resources.
Strengths of the foundation include a fully independent board, effective financial oversight, and rigorous policies in place for conflict of interest, whistleblower protections, and document retention. The organization has maintained a solid program expense ratio of 75.43%, indicating that a significant majority of its funds are directed towards its programs rather than administrative costs. Additionally, the foundation boasts a favorable liabilities to assets ratio and substantial working capital, which enhances its financial stability.
However, while the foundation's fundraising efficiency score is notably low at $0.002, this may suggest that it relies on other forms of revenue generation or that its fundraising costs are high relative to the funds raised. Overall, the Beckley Area Foundation Inc exhibits a strong commitment to its mission and operational integrity, making it a reliable choice for donors seeking to support a well-managed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Beckley Area Foundation Inc legitimate?
Beckley Area Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beckley Area 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: $192,646
Professional Fundraising Fees: $0
Other Salaries and Wages: $78,335
For more financial information, click here
Official website here: www.bafwv.org
What is the mission statement of Beckley Area Foundation Inc?
The Beckley Area Foundation Inc's mission is to inspire and facilitate generous charitable giving, contributing to the betterment of the community. This is achieved by supporting various community benefit projects and grants from the foundation's unallocated funds. The organization's goal is to foster a culture of philanthropy, thereby improving the community's overall well-being.
Official website here: www.bafwv.org
Who is the CEO of Beckley Area Foundation Inc?
Dena Cushman is the President of Beckley Area Foundation Inc.
Official website here: www.bafwv.org
What is the revenue of Beckley Area Foundation Inc?
Beckley Area Foundation Inc's revenue in 2023 was $4,467,832.
Official website here: www.bafwv.org
Who are the executives of Beckley Area Foundation Inc and what are their salaries?
The average compensation at Beckley Area Foundation Inc during 2023 was $45,164. There are 6 employees and 200 volunteers at Beckley Area Foundation Inc.
Here are 17 key members and their salaries:
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- Compensation: $77,849
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Official website here: www.bafwv.org
Where can I find the form 990 for Beckley Area Foundation Inc?
Beckley Area Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bafwv.org
Learn more at the official website: www.bafwv.org
Mission Statement of Beckley Area Foundation Inc
Beckley Area Foundation Inc is dedicated to inspiring and facilitating generous charitable giving that contributes to the betterment of the community. Their mission is to encourage philanthropy and direct funds towards community benefit projects. The foundation leverages its unlimited funds to support various initiatives that advance the community as a whole.
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Impact
October, 2024
Beckley Area Foundation Inc has made a significant impact on its community by inspiring and facilitating charitable giving that supports various projects and initiatives. By managing unrestricted funds, the foundation has been able to provide valuable grants that address pressing needs and enhance the quality of life in Beckley, West Virginia. Through its commitment to philanthropy, it has enabled community benefit projects that foster growth, development, and a stronger sense of community. The foundation plays a vital role in mobilizing resources, encouraging local involvement, and advancing initiatives that lead to positive outcomes for residents, thereby contributing to a vibrant and sustainable community.
This information is meant to be a general summary of Beckley Area 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: $2,025,102
- Gross Receipts: $19,137,903
Assets and Liabilities:
- Total Assets: $60,688,007
- Total Liabilities: $48,714
- Net Assets: $60,639,293
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Organization Details
Founding Year
1985
Phone
(304) 253-3806Principal Officer
Dena Cushman
Main Address
1210 S KANAWHA STREET, BECKLEY, WV, 25801
Website
www.bafwv.orgNTEE Category
Code: T31 - Philanthropy
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