Overview
What is New Bremen Foundation Inc?
New Bremen Foundation Inc, based in New Bremen, Ohio, serves as a charitable organization with a mission to support various sectors within its local community and beyond. Operating within a 200-mile radius of the village, it provides funds to scientific, literary, educational, religious, and governmental organizations, as well as engaging in other charitable activities. Established with a purpose of operating exclusively for charitable, scientific, literary, educational, and religious purposes, the foundation is dedicated to contributing to the betterment of its surrounding area.
Official website here: www.newbremenfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Overall Score: 73% - Two-Star out of Four Star rating
The New Bremen Foundation Inc has received a two-star rating from Charity Navigator, indicating that while it excels in certain areas, there are significant shortcomings that need addressing. The organization demonstrates strong accountability and financial practices, highlighted by its perfect score in areas such as independent board member representation and material diversion of assets. Additionally, the program expense ratio is commendable, suggesting that a substantial portion of its funds is directed toward its mission.
However, the foundation faces notable deficiencies in key governance policies. Missing policies on whistleblower protection and document retention have resulted in a lack of transparency, which can undermine stakeholder confidence. The absence of its tax documents on its website further raises concerns regarding accessibility and accountability.
Overall, while the New Bremen Foundation Inc shows strengths in financial management and governance, it must prioritize the establishment of missing policies and improve its information accessibility to enhance its rating and better serve its mission.
This AI summary has been generated from information found on Charity Navigator.
Is New Bremen Foundation Inc legitimate?
New Bremen Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Bremen 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.newbremenfoundation.org
What is the mission statement of New Bremen Foundation Inc?
The New Bremen Foundation Inc. is established with a charitable purpose, primarily focusing on scientific, literary, educational, and religious endeavors. Its mission is to provide financial support to organizations that align with these objectives. The foundation extends its reach beyond its immediate scope, offering aid to organizations within a 200-mile radius of New Bremen, Ohio, or any other charitable activities. In essence, the New Bremen Foundation Inc. serves as a benefactor, contributing to various sectors with the aim of fostering growth and development.
Official website here: www.newbremenfoundation.org
Who is the CEO of New Bremen Foundation Inc?
James This is the Trustee of New Bremen Foundation Inc.
Official website here: www.newbremenfoundation.org
What is the revenue of New Bremen Foundation Inc?
New Bremen Foundation Inc's revenue in 2022 was $3,337,307.
Official website here: www.newbremenfoundation.org
Who are the executives of New Bremen Foundation Inc and what are their salaries?
There 7 volunteers at New Bremen Foundation Inc.
Here are 7 key members and their salaries:
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Official website here: www.newbremenfoundation.org
Where can I find the form 990 for New Bremen Foundation Inc?
New Bremen Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newbremenfoundation.org
Learn more at the official website: www.newbremenfoundation.org
Mission Statement of New Bremen Foundation Inc
The New Bremen Foundation, established with a charitable purpose, is dedicated to supporting various organizations that fall under the categories of scientific, literary, educational, religious, or governmental endeavors. This nonprofit organization's mission is to provide financial assistance to these organizations, aiming to contribute positively to activities that impact its surrounding area, which is within a 200-mile radius of the Village of New Bremen, Ohio. The New Bremen Foundation plays a vital role in promoting charitable activities, channeling its resources towards initiatives that align with its stated mission.
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Impact
October, 2024
New Bremen Foundation Inc has a significant impact by providing essential financial support to various organizations dedicated to scientific, literary, educational, religious, and governmental purposes within and around New Bremen, Ohio. By channeling funds to these areas, the Foundation fosters community growth and enhances the quality of life for residents. Its mission not only bolsters local initiatives but also cultivates a spirit of philanthropy, enabling a wide range of charitable activities that address the needs and interests of the community. Through its efforts, New Bremen Foundation Inc plays a crucial role in enriching cultural and educational opportunities, thereby contributing to the overall development and well-being of the New Bremen area and its surroundings.
This information is meant to be a general summary of New Bremen 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 2022.
- Investment Income: $2,597,287
- Gross Receipts: $13,817,394
Assets and Liabilities:
- Total Assets: $18,719,638
- Total Liabilities: $0
- Net Assets: $18,719,638
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Organization Details
Founding Year
1996
Phone
(419) 629-2311Principal Officer
James This
Main Address
PO BOX 97, NEW BREMEN, OH, 45869
Website
www.newbremenfoundation.orgNTEE Category
Code: T31 - Philanthropy
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