Overview
What is Beatrice F Kroesche Foundation?
The Beatrice F Kroesche Foundation, situated in Newport Beach, California, is a nonprofit organization dedicated to offering endowments for various charitable causes and educational scholarships. Their mission encompasses supporting charities in their respective endeavors through endowments and contributing to humanitarian initiatives. The foundation's activities primarily focus on providing financial aid for charitable organizations, thereby helping them further their objectives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 73%)
The Beatrice F Kroesche Foundation has received a Two-Star rating from Charity Navigator, indicating a need for improvement in certain operational areas. While the foundation boasts a perfect score for accountability metrics such as an independent board and no material diversion of assets, it falls short in transparency and governance practices.
Strengths of the organization include a solid program expense ratio of 100%, meaning all funds are directed towards its programs. Additionally, the foundation upholds good practices with an independent board and maintains a low liabilities to assets ratio, reflecting financial stability. However, the lack of critical policies such as a conflict of interest policy and whistleblower protection raises concerns about governance oversight.
Overall, while the foundation demonstrates strong financial management and a dedicated board, improvements are necessary in transparency and policy documentation to enhance its accountability and public trust. Addressing these limitations will be crucial for the foundation's future ratings and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is Beatrice F Kroesche Foundation legitimate?
Beatrice F Kroesche Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beatrice F Kroesche Foundation 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 Beatrice F Kroesche Foundation?
The Beatrice F Kroesche Foundation focuses on providing endowments for various charitable and humanitarian purposes. Their mission encompasses supporting charities with their causes and offering educational scholarships. The foundation aims to contribute financially to charitable initiatives and higher education, thereby contributing to societal betterment. By offering endowments, the foundation seeks to make a meaningful impact in various sectors, ultimately serving the greater good.
Who is the CEO of Beatrice F Kroesche Foundation?
Thomas R Kroesche is the Director of Beatrice F Kroesche Foundation.
What is the revenue of Beatrice F Kroesche Foundation?
Beatrice F Kroesche Foundation's revenue in 2022 was $57,580.
Who are the executives of Beatrice F Kroesche Foundation and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Beatrice F Kroesche Foundation?
Beatrice F Kroesche Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Beatrice F Kroesche Foundation
The Beatrice F Kroesche Foundation is committed to providing support for charitable organizations, educational scholarships, and various humanitarian initiatives. Its mission is centered around offering endowments, which are long-term investments that generate a steady stream of income to be used for charitable purposes. By doing so, the foundation aims to contribute to causes that align with its charitable and humanitarian objectives. The Beatrice F Kroesche Foundation does not specify the types of charities or humanitarian initiatives it supports, but its mission implies a broad scope, encompassing various sectors and communities in need.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
The impact of the Beatrice F Kroesche Foundation can be seen in its support for charitable causes, educational scholarships, and humanitarian purposes. Through providing endowments for charities, the foundation helps these organizations continue their valuable work and make a positive difference in communities. By offering educational scholarships, the foundation enables individuals to access education and opportunities that may have otherwise been out of reach. Overall, the Beatrice F Kroesche Foundation plays a crucial role in promoting philanthropy and supporting initiatives that benefit society.
This information is meant to be a general summary of Beatrice F Kroesche Foundation. 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 2022.
- Investment Income: $6,412
- Gross Receipts: $102,346
Assets and Liabilities:
- Total Assets: $742,343
- Total Liabilities: $0
- Net Assets: $742,343
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Principal Officer
Thomas R Kroesche
Main Address
221 CANAL STREET, NEWPORT BEACH, CA, 92663
NTEE Category
Code: T22 - Philanthropy
If you are a representative of Beatrice F Kroesche Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.