Overview
What is Bbchs Academic Foundation Ltd?
Bbchs Academic Foundation Ltd is a nonprofit organization situated in Bradley, Illinois, specifically at 700 W North Street. Their primary mission is to boost the educational quality and possibilities for the community served by Bradley Bourbonnais Community High School District. To achieve this goal, they grant scholarships and awards to graduates and teachers from the high school. This foundation aims to expand educational opportunities within their locality, contributing positively to the development of the community's future leaders.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating, 73%
Bbchs Academic Foundation Ltd has received a two-star rating from Charity Navigator, indicating that the organization has areas that need improvement. With an overall score of 73%, it demonstrates a solid performance in certain accountability and finance measures, particularly with a 0% liabilities to assets ratio and a high program expense ratio of 79.16%, suggesting a strong focus on its mission-driven activities.
The organization excels in governance, boasting 100% independent board members and a sufficient number of board members overall. However, significant gaps exist in its transparency and accountability practices, including missing policies on conflict of interest, whistleblower protection, and document retention. The absence of a website listed on its tax form and failure to post important documents like the tax form on its website also detracts from its accountability score.
While Bbchs Academic Foundation Ltd demonstrates strong financial health and commitment to its programs, the lack of essential policies and transparency measures highlights areas that need attention. Improving these aspects could enhance trust and confidence among stakeholders and support the organization's overall mission.
This AI summary has been generated from information found on Charity Navigator.
Is Bbchs Academic Foundation Ltd legitimate?
Bbchs Academic Foundation Ltd is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bbchs Academic Foundation Ltd 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: $7,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Bbchs Academic Foundation Ltd?
The mission of Bbchs Academic Foundation Ltd, as stated, is focused on enhancing the educational quality and prospects for individuals residing within the Bradley Bourbonnais Community High School District. To achieve this objective, the foundation provides college grants and scholarships to graduates and teachers from the BBCHS. By doing so, it aims to expand the educational opportunities available to its community members, thereby fostering their academic growth and success.
What is the revenue of Bbchs Academic Foundation Ltd?
Bbchs Academic Foundation Ltd's revenue in 2024 was $156,407.
Who are the executives of Bbchs Academic Foundation Ltd and what are their salaries?
The average compensation at Bbchs Academic Foundation Ltd during 2024 was $7,000. There is 1 employee at Bbchs Academic Foundation Ltd.
Here are 18 key members and their salaries:
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Where can I find the form 990 for Bbchs Academic Foundation Ltd?
Bbchs Academic Foundation Ltd's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Bbchs Academic Foundation Ltd
The Bbchs Academic Foundation Ltd is committed to enhancing the educational quality and prospects for the community residing within the Bradley Bourbonnais Community High School District. Their mission, in essence, is to expand the educational opportunities for this particular populace. To accomplish this, the foundation awards college grants and scholarships to graduates of Bradley Bourbonnais Community High School and even extends this support to its dedicated teachers. By doing so, the Bbchs Academic Foundation Ltd plays a significant role in fostering a thriving educational environment, thereby empowering the local community.
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Impact
October, 2024
Bbchs Academic Foundation Ltd significantly enhances the educational landscape for residents of the Bradley Bourbonnais Community High School District by providing vital financial support in the form of college grants and scholarships. These resources empower both graduates and teachers, enabling students to pursue higher education and fostering professional development among educators.
By investing in the academic futures of individuals within the community, the foundation plays a critical role in improving educational outcomes and broadening opportunities. This assistance not only alleviates financial barriers for students but also promotes a culture of achievement and continuous learning within the district. As a result, Bbchs Academic Foundation Ltd contributes to the overall enrichment of the community, helping to cultivate a more educated and engaged citizenry.
This information is meant to be a general summary of Bbchs Academic Foundation Ltd. 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 2024.
- Investment Income: $50,894
- Gross Receipts: $172,901
Assets and Liabilities:
- Total Assets: $790,021
- Total Liabilities: $0
- Net Assets: $790,021
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Organization Details
Founding Year
1996
Principal Officer
Jay Grimes
NTEE Category
Code: B99 - Education
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