Overview
What is The Bay Village Foundation?
The Bay Village Foundation is a nonprofit organization dedicated to preserving and promoting the historical, cultural, and educational heritage of Bay Village. They accomplish this by funding various projects and programs. One of their notable initiatives includes offering a scholarship for tennis court and community events, demonstrating their commitment to fostering a vibrant and engaging community. The foundation's mission is to support endeavors that enhance the city's rich heritage, ensuring its continued growth and appreciation.
Official website here: www.thevillagefdn.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star Rating)
The Bay Village Foundation has achieved an overall score of 83%, which indicates a solid performance in terms of accountability and finance. The rating is solely derived from a single beacon score, emphasizing the organization’s commitment to financial transparency and responsible management practices. The fiscal year reviewed is FY2022, highlighting recent performance metrics.
Strengths of the foundation include a fully independent board comprised of 20 members, excellent marks for the absence of material asset diversion, and a perfect program expense ratio of 100%. These factors contribute positively to the foundation's financial health and governance practices. Additionally, the organization has a conflict of interest policy in place and maintains documented board meeting minutes.
However, there are some noted limitations, particularly concerning the absence of a whistleblower policy and missing document retention and destruction policies, which received zero points. Addressing these gaps could further enhance the foundation's accountability framework and reassure stakeholders of its commitment to ethical governance. Overall, The Bay Village Foundation demonstrates a strong commitment to financial stewardship, but improvement in policy completeness could strengthen its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is The Bay Village Foundation legitimate?
The Bay Village Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Bay Village 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.
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Official website here: www.thevillagefdn.org
What is the mission statement of The Bay Village Foundation?
The Bay Village Foundation's mission is centered around providing support for initiatives that nurture the city's historical, cultural, and educational legacy. They strive to accomplish this objective by backing various projects and programs. One of their key initiatives is offering a scholarship for tennis courts and community events, contributing to the overall welfare and engagement of the community.
Official website here: www.thevillagefdn.org
Who is the CEO of The Bay Village Foundation?
Richard Veres is the President of The Bay Village Foundation.
Official website here: www.thevillagefdn.org
What is the revenue of The Bay Village Foundation?
The Bay Village Foundation's revenue in 2022 was $94,355.
Official website here: www.thevillagefdn.org
Who are the executives of The Bay Village Foundation and what are their salaries?
Here are 21 key members and their salaries:
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Official website here: www.thevillagefdn.org
Where can I find the form 990 for The Bay Village Foundation?
The Bay Village Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thevillagefdn.org
Learn more at the official website: www.thevillagefdn.org
Mission Statement of The Bay Village Foundation
The Bay Village Foundation is dedicated to supporting initiatives that preserve and celebrate the historical, cultural, and educational heritage of its community. By providing financial backing for various projects and programs, this organization plays a significant role in upholding the city's rich legacy. One of their key initiatives is offering a scholarship for tennis court and community events, furthering their commitment to fostering a sense of unity and shared experiences among its residents.
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Impact
October, 2024
The Bay Village Foundation significantly impacts the community by supporting projects and programs that enhance the historical, cultural, and educational heritage of Bay Village. Through its initiatives, the Foundation fosters a sense of connection and pride among residents, preserving the city’s rich history while promoting educational opportunities. Notably, it provides scholarships for tennis courts and community events, which encourages engagement and participation in local activities. By focusing on these areas, the Foundation contributes to a vibrant community atmosphere and helps sustain the unique character of Bay Village for future generations.
This information is meant to be a general summary of The Bay Village 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: $1,521
- Gross Receipts: $94,355
Assets and Liabilities:
- Total Assets: $704,043
- Total Liabilities: $8,532
- Net Assets: $695,511
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Organization Details
Phone
(440) 617-9700Principal Officer
Richard Veres
Main Address
P O BOX 40122, BAY VILLAGE, OH, 441400122
Website
www.thevillagefdn.orgNTEE Category
Code: T31 - Philanthropy
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