Overview
What is Borrego Valley Endowment Fund Inc?
Borrego Valley Endowment Fund Inc is a community-focused nonprofit organization based in Borrego Springs, California. Established with a mission to provide financial support for charitable programs, the organization extends its aid to various sectors such as education, health, culture, science, literature, civic activities, and more, specifically within the Borrego Valley region. One of their primary objectives is to prevent the placement of "sexually violent predators" in their community by offering legal assistance. The organization operates as a community foundation, granting funds to eligible programs and initiatives that align with its mission.
Official website here: www.bvefund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Borrego Valley Endowment Fund Inc has received an overall score of 81%, which reflects its solid performance in accountability and finance. This rating is based entirely on a single beacon score, emphasizing the organization’s commitment to financial health and transparency. The high scores in various categories, such as having a fully independent board and no material diversion of assets, underscore the organization's accountability.
Strengths of the Borrego Valley Endowment Fund include its 100% independent board members and a favorable liabilities to assets ratio of just 0.12%. Additionally, the organization has good practices in place, such as maintaining a conflict of interest policy and providing access to key documents, including board meeting minutes and tax forms on its website. The program expense ratio of 73.54% indicates that a significant portion of its expenses is directed toward programs rather than administrative costs.
However, there are some noted limitations, including the absence of a whistleblower policy, which can be a critical component of organizational integrity and accountability. While overall the organization displays a strong commitment to responsible governance, addressing the missing policy could further enhance its credibility and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Borrego Valley Endowment Fund Inc legitimate?
Borrego Valley Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Borrego Valley Endowment Fund 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: $1,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,063
For more financial information, click here
Official website here: www.bvefund.org
What is the mission statement of Borrego Valley Endowment Fund Inc?
The Borrego Valley Endowment Fund Inc operates a community foundation, providing financial support to various charitable programs. This support is not limited and can extend to charitable, cultural, scientific, literary, civic, health, and educational initiatives. The organization's mission specifically aims to contribute to programs within the Borrego Valley community. Additionally, the fund has a focus on providing legal assistance to help prevent the placement of "sexually violent predators" within the Borrego Valley.
Official website here: www.bvefund.org
Who is the CEO of Borrego Valley Endowment Fund Inc?
Marshal Brecht is the Director (Thru 05/22) of Borrego Valley Endowment Fund Inc.
Official website here: www.bvefund.org
What is the revenue of Borrego Valley Endowment Fund Inc?
Borrego Valley Endowment Fund Inc's revenue in 2023 was $961,629.
Official website here: www.bvefund.org
Who are the executives of Borrego Valley Endowment Fund Inc and what are their salaries?
There 12 volunteers at Borrego Valley Endowment Fund Inc.
Here are 14 key members and their salaries:
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- Compensation: $1,000
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Official website here: www.bvefund.org
Where can I find the form 990 for Borrego Valley Endowment Fund Inc?
Borrego Valley Endowment Fund Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bvefund.org
Learn more at the official website: www.bvefund.org
Mission Statement of Borrego Valley Endowment Fund Inc
Borrego Valley Endowment Fund Inc is dedicated to operating a community foundation that extends financial aid to various charitable programs. The organization's mission is specifically geared towards supporting charitable, cultural, scientific, literary, civic, health, and educational initiatives within its sphere. In addition to these, Borrego Valley Endowment Fund Inc also focuses on providing financial assistance for legal aid, with the primary goal of preventing the placement of sexually violent predators within their community. By undertaking these initiatives, the nonprofit aims to contribute positively to the well-being of its community and the broader society.
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Impact
October, 2024
The Borrego Valley Endowment Fund Inc significantly contributes to the well-being and safety of the Borrego Springs community through financial support for various charitable programs. By focusing on legal assistance, the fund plays a crucial role in preventing the placement of "sexually violent predators" in the area, thereby enhancing public safety and community peace of mind.
In addition to its efforts related to legal challenges, the fund supports a range of initiatives that promote health, education, culture, and civic engagement within the Borrego Valley. This comprehensive approach not only addresses immediate community concerns but also fosters long-term growth and development in the area, ensuring a vibrant and resilient community for future generations.
This information is meant to be a general summary of Borrego Valley Endowment Fund 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: $261,680
- Gross Receipts: $1,274,331
Assets and Liabilities:
- Total Assets: $9,128,762
- Total Liabilities: $11,500
- Net Assets: $9,117,262
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Organization Details
Founding Year
1994
Phone
(714) 329-9879Principal Officer
Marshal Brecht
Main Address
PO BOX 2714, BORREGO SPRINGS, CA, 920042714
Website
www.bvefund.orgNTEE Category
Code: E12 - Health
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