Overview
What is Boys And Girls Club Of Fullerton Endowment Fund?
The Boys and Girls Club of Fullerton Endowment Fund is a nonprofit organization dedicated to managing investment funds and offering financial support to the Boys and Girls Club of Fullerton. This club, located in Fullerton, serves young individuals aged 7 to 18, providing them with various services. The Endowment Fund's primary mission is to bolster the work of the Boys and Girls Club of Fullerton, ensuring its continued operation and impact on the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%, Two-Star out of Four Star rating)
The Boys And Girls Club Of Fullerton Endowment Fund has received a two-star rating from Charity Navigator, indicating areas that require improvement despite strong financial accountability and governance practices. The organization boasts a perfect score in accountability and finance, showcasing its commitment to ethical management and transparency. With a 100% accountability score, it has demonstrated effective oversight, including a fully independent board and no material diversion of assets.
Strengths of this organization include its high program expense ratio of 95%, which suggests a significant portion of its funds is directed towards its mission-related activities. Additionally, the board is composed solely of independent members, ensuring unbiased decision-making, and it consistently documents meeting minutes, contributing to transparent governance.
However, the overall rating reflects some concerns that may need to be addressed to enhance its operational effectiveness and donor confidence. While the financial indicators appear strong, the need for improvement in specific areas may suggest challenges in program delivery or outreach that the nonprofit should consider addressing to better fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Boys And Girls Club Of Fullerton Endowment Fund legitimate?
Boys And Girls Club Of Fullerton Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boys And Girls Club Of Fullerton Endowment Fund 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
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What is the mission statement of Boys And Girls Club Of Fullerton Endowment Fund?
The Boys and Girls Club of Fullerton Endowment Fund serves a crucial role by managing investment funds and providing financial assistance to support the operations of the Boys and Girls Club of Fullerton. This club, in turn, offers a range of services catering to children between the ages of 7 and 18. The endowment fund's primary objective is to contribute to the well-being and development of these young individuals. By providing financial support, the Endowment Fund helps ensure that the Boys and Girls Club of Fullerton can continue to offer its valuable services, fostering growth and opportunities for the children it serves.
What is the revenue of Boys And Girls Club Of Fullerton Endowment Fund?
Boys And Girls Club Of Fullerton Endowment Fund's revenue in 2023 was $94,080.
Who are the executives of Boys And Girls Club Of Fullerton Endowment Fund and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Boys And Girls Club Of Fullerton Endowment Fund?
Boys And Girls Club Of Fullerton Endowment Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Boys And Girls Club Of Fullerton Endowment Fund
The Boys and Girls Club of Fullerton Endowment Fund is dedicated to managing investment funds and providing financial support for the Boys and Girls Club of Fullerton. This latter organization serves young individuals between the ages of 7 and 18 in the city of Fullerton. The Endowment Fund's mission is to bolster the operations and services provided by the Boys and Girls Club of Fullerton, thereby contributing to the well-being and development of these young people. By managing its investment funds effectively, the Endowment Fund ensures a steady flow of funds to support the Club's various activities and initiatives. The Boys and Girls Club of Fullerton, in turn, offers a range of services to its members, fostering their personal growth, social development, and academic success.
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Impact
October, 2024
The Boys and Girls Club of Fullerton Endowment Fund plays a vital role in empowering the youth of Fullerton by managing and allocating financial resources to support a range of services for children aged 7-18. By providing funding, the endowment ensures the continuity and enhancement of programs that foster personal development, academic success, and social skills among local boys and girls.
The impact of this fund resonates throughout the community, as it enables access to safe environments where young people can engage in constructive activities. Beyond recreational opportunities, the Club offers mentorship, educational support, and life skills training, which collectively contribute to the growth and well-being of its members.
Through its financial stability and commitment to investing in youth services, the Boys and Girls Club of Fullerton Endowment Fund not only addresses immediate community needs but also promotes long-term positive outcomes for the next generation, laying a strong foundation for their future success.
This information is meant to be a general summary of Boys And Girls Club Of Fullerton Endowment Fund. 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: $74,647
- Gross Receipts: $369,317
Assets and Liabilities:
- Total Assets: $1,777,074
- Total Liabilities: $0
- Net Assets: $1,777,074
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Organization Details
Founding Year
1985
Principal Officer
James White
NTEE Category
Code: Z99Z - Unknown
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