Overview
What is Barrington Area Comm Foundation Inc?
Barrington Area Comm Foundation Inc, situated in Barrington, Illinois, is a nonprofit organization dedicated to providing financial assistance to local community-based tax-exempt organizations. Their primary mission is to make donations to these 501(C)(3) organizations, aiming to support various community initiatives. The Foundation operates with a focus on offering specific grants to these organizations, contributing to the betterment of their respective communities.
Official website here: www.barringtonareacommunityfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star Rating)
The Barrington Area Community Foundation Inc has achieved a Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance, as evidenced by a score of 92%. The foundation demonstrates a high level of transparency, with 100% of its board members being independent and an impressive financial statement audit rating of 15 out of 15 points. Furthermore, the organization has a low liabilities-to-assets ratio of just 0.01%, indicating sound financial health.
Despite its strengths, there are some areas where the foundation can improve. Notably, it lacks a whistleblower policy and a document retention and destruction policy, which both received a score of zero. These missing policies could be pivotal in enhancing the overall governance and risk management of the organization.
Overall, the Barrington Area Community Foundation Inc is recognized for its effective financial practices and high accountability standards, yet it should address the noted policy gaps to bolster its governance framework further.
This AI summary has been generated from information found on Charity Navigator.
Is Barrington Area Comm Foundation Inc legitimate?
Barrington Area Comm Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Barrington Area Comm 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.
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Official website here: www.barringtonareacommunityfoundation.org
What is the mission statement of Barrington Area Comm Foundation Inc?
The Barrington Area Comm Foundation Inc is dedicated to providing financial assistance to community-based, 501(C)3 organizations. Their mission can be summarized as channeling donations towards supporting these tax-exempt organizations, thereby contributing to various community initiatives. While the specifics of the grants and the areas they focus on are not explicitly stated, it is clear that their mission is to aid these organizations in their charitable endeavors. The foundation's activities are centered around providing financial aid to these 501(C)(3) organizations, thereby contributing to the betterment of the communities they serve.
Official website here: www.barringtonareacommunityfoundation.org
Who is the CEO of Barrington Area Comm Foundation Inc?
James Fitzgerald is the Director of Barrington Area Comm Foundation Inc.
Official website here: www.barringtonareacommunityfoundation.org
What is the revenue of Barrington Area Comm Foundation Inc?
Barrington Area Comm Foundation Inc's revenue in 2022 was $680,653.
Official website here: www.barringtonareacommunityfoundation.org
Who are the executives of Barrington Area Comm Foundation Inc and what are their salaries?
Here are 21 key members and their salaries:
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Official website here: www.barringtonareacommunityfoundation.org
Where can I find the form 990 for Barrington Area Comm Foundation Inc?
Barrington Area Comm Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.barringtonareacommunityfoundation.org
Learn more at the official website: www.barringtonareacommunityfoundation.org
Mission Statement of Barrington Area Comm Foundation Inc
Barrington Area Comm Foundation Inc is committed to making a difference in the community by providing donations to community-based 501(C)3 organizations. Its mission is focused on offering specific assistance grants to these tax-exempt organizations, thereby contributing to various community initiatives and projects. By providing financial support to these nonprofits, Barrington Area Comm Foundation Inc plays a crucial role in addressing the diverse needs and challenges faced by communities, ultimately contributing to their overall improvement and development.
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Impact
July, 2024
Barrington Area Comm Foundation Inc has a significant impact on the community by providing donations to support various community-based 501(c)(3) organizations. This support takes the form of specific assistance grants, which enable these organizations to continue their important work in Barrington, IL. Through their philanthropic efforts, Barrington Area Comm Foundation Inc plays a vital role in strengthening the social fabric of the community and ensuring the well-being of its residents.
This information is meant to be a general summary of Barrington Area Comm 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: $346,162
- Gross Receipts: $897,586
Assets and Liabilities:
- Total Assets: $8,213,827
- Total Liabilities: $1,537
- Net Assets: $8,212,290
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Organization Details
Founding Year
1998
Phone
(847) 991-9250Principal Officer
James Fitzgerald
Main Address
600 HART ROAD SUITE 205, BARRINGTON, IL, 60010
NTEE Category
Code: T31 - Philanthropy
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