Overview
What is The Exuma Foundation Co Chamberlin Owen & Co Inc?
The Exuma Foundation Co Chamberlin Owen & Co Inc, based in Erlanger, Kentucky, is a nonprofit organization that focuses on enhancing the quality of life for the people of Exuma Island in the Bahamas. They achieve this goal by encouraging and managing gifts for operating capital and endowment, addressing community needs through grant-making, and providing philanthropic leadership. One of their notable initiatives includes providing scholarships for 10 students to attend a private school in Exuma, offering smaller class sizes and more educational resources. By doing so, they aim to empower local residents and contribute to the island's future generations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that while The Exuma Foundation Co Chamberlin Owen & Co Inc demonstrates some strengths in its financial practices and governance, there are areas that could be improved to enhance overall accountability and effectiveness.
The organization boasts a fully independent board, with 100% of its members meeting this criterion. Additionally, it has reported no material diversion of assets and maintains excellent documentation of board meeting minutes. Its liabilities to assets ratio stands at an impressive 0.00%, showcasing sound financial management.
However, despite these strengths, the overall rating reflects some limitations in their performance metrics. While the program expense ratio is commendable at 94.36%, the overall score suggests there may be room for improvement in other operational aspects to elevate the organization's impact and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is The Exuma Foundation Co Chamberlin Owen & Co Inc legitimate?
The Exuma Foundation Co Chamberlin Owen & Co Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Exuma Foundation Co Chamberlin Owen & Co 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Exuma Foundation Co Chamberlin Owen & Co Inc?
The Exuma Foundation aims to enhance the quality of life for individuals residing on the island of Exuma, Bahamas, both presently and for future generations. They accomplish this by encouraging and managing gifts for operating capital and endowment, addressing community needs through grant-making, and providing philanthropic leadership. The organization's mission is to act as a catalyst for positive change, ensuring a better future for the community. Recently, they provided scholarships to 10 students of the Exuma Christian Academy, enabling local residents to send their children to a private school with smaller class sizes and more educational resources.
Who is the CEO of The Exuma Foundation Co Chamberlin Owen & Co Inc?
Barry Benjamin is the President of The Exuma Foundation Co Chamberlin Owen & Co Inc.
What is the revenue of The Exuma Foundation Co Chamberlin Owen & Co Inc?
The Exuma Foundation Co Chamberlin Owen & Co Inc's revenue in 2022 was $125,784.
Who are the executives of The Exuma Foundation Co Chamberlin Owen & Co Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for The Exuma Foundation Co Chamberlin Owen & Co Inc?
The Exuma Foundation Co Chamberlin Owen & Co Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Exuma Foundation Co Chamberlin Owen & Co Inc
The Exuma Foundation Co Chamberlin Owen & Co Inc is committed to improving the lives of the people living on the island of Exuma in the Bahamas, both currently and for future generations. This is achieved by encouraging and managing gifts for operating capital and endowment, addressing community needs through grant-making, and providing philanthropic leadership. The foundation takes a proactive approach to enhancing the quality of life in the community, utilizing its resources to address various needs and empower the local population. By providing philanthropic leadership, The Exuma Foundation Co Chamberlin Owen & Co Inc plays a significant role in shaping the future of the island and its inhabitants.
In addition to its philanthropic efforts, The Exuma Foundation Co Chamberlin Owen & Co Inc also demonstrates its commitment to the community by offering financial assistance in the form of scholarships. During the 2022-2023 academic year, the foundation provided ten scholarships to students attending the Exuma Christian Academy. These scholarships enabled local Exuma residents to send their children to a private school with smaller class sizes and more educational resources, potentially providing them with a better educational foundation for their future. By investing in the education of its youth, The Exuma Foundation Co Chamberlin Owen & Co Inc is not only supporting the current generation but also ensuring a brighter future for the community as a whole.
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Impact
October, 2024
The Exuma Foundation Co Chamberlin Owen & Co Inc significantly enhances the quality of life for the residents of Exuma, Bahamas. By managing gifts for operating capital and endowment, the foundation addresses critical community needs through its grant-making efforts. Notably, scholarships were awarded to ten students at the Exuma Christian Academy for the 2022-2023 academic year. These scholarships empower local families to access private education with smaller class sizes and improved educational resources, fostering a more conducive learning environment for children in the community.
Beyond educational support, the foundation's commitment to philanthropic leadership ensures a sustainable approach to addressing the island's challenges, benefiting current and future generations. Through its initiatives, The Exuma Foundation plays a vital role in promoting the long-term wellbeing of the island's population, cultivating a sense of community and shared progress.
This information is meant to be a general summary of The Exuma Foundation Co Chamberlin Owen & Co 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: $153
- Gross Receipts: $125,784
Assets and Liabilities:
- Total Assets: $91,028
- Total Liabilities: $0
- Net Assets: $91,028
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Organization Details
Founding Year
1998
Phone
(859) 431-0700Principal Officer
Barry Benjamin
Main Address
3216 DIXIE HWY, ERLANGER, KY, 41018
NTEE Category
Code: Q300 - International
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