Overview
What is Bobby Labonte Foundation Inc?
The Bobby Labonte Foundation Inc, situated in North Carolina, is a committed nonprofit organization that extends its support to charities within the state. Their primary mission is to aid families and children who are facing hardships and require assistance. The foundation's activities are centered around providing essential help to those in need, demonstrating a strong dedication to the local community.
Official website here: www.bobbylabontefoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%, Zero-Star out of Four Star rating
The Bobby Labonte Foundation Inc has received a low rating of 36%, which classifies it as a Zero-Star charity. This rating is primarily based on its Accountability & Finance score, indicating significant concerns in these areas. While the organization does excel in having a fully independent board and no reported material diversion of assets, the overall financial management raises red flags, particularly the low program expense ratio of 40.40%.
The foundation has a number of strengths, including a commitment to maintaining an independent board, which is crucial for transparency and governance. It also scores well in areas such as listing its website on the tax form and maintaining documented board meeting minutes. However, the absence of essential policies, such as a conflict of interest policy and a whistleblower policy, detracts from its overall accountability.
Limitations in the foundation's financial practices are concerning, particularly the high percentage of liabilities to assets, which stands at 0.00%. This indicates a lack of financial leverage that could impact its operational capacity. Additionally, the charity's program expense ratio raises questions about how effectively funds are being utilized in relation to its mission. Potential donors and supporters may want to consider these factors carefully.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Bobby Labonte Foundation Inc?
100% of 9 reviewers on Facebook recommend the Bobby Labonte Foundation Inc. Here is a summary of their reviews:
The foundation receives high praise for its well-organized and thoughtfully executed events, with many attendees expressing their enjoyment of the activities offered. Reviewers frequently highlight their positive experiences and express a desire to return for future events, indicating a strong appreciation for what the foundation has to offer.
Overall, sentiment toward the Bobby Labonte Foundation is overwhelmingly positive, with supporters feeling engaged and satisfied with the initiatives presented. The foundation clearly delivers a meaningful experience that resonates well with its community.
This AI summary has been generated from reviews found on Facebook.
Is Bobby Labonte Foundation Inc legitimate?
Bobby Labonte Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bobby Labonte Foundation Inc submitted a form 990EZ, 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.
Official website here: www.bobbylabontefoundation.org
What is the mission statement of Bobby Labonte Foundation Inc?
The Bobby Labonte Foundation's mission is to extend aid to families and children in need, contributing to various charities located in North Carolina. By providing support, the foundation seeks to alleviate hardships and improve the lives of those less fortunate. The foundation's activities are centered around identifying and assisting charities that can effectively address the needs of the community's families and children.
Official website here: www.bobbylabontefoundation.org
Who is the CEO of Bobby Labonte Foundation Inc?
Robert A Labonte is the President of Bobby Labonte Foundation Inc.
Official website here: www.bobbylabontefoundation.org
What is the revenue of Bobby Labonte Foundation Inc?
Bobby Labonte Foundation Inc's revenue in 2022 was $20,865.
Official website here: www.bobbylabontefoundation.org
Who are the executives of Bobby Labonte Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.bobbylabontefoundation.org
Where can I find the form 990EZ for Bobby Labonte Foundation Inc?
Bobby Labonte Foundation Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Official website here: www.bobbylabontefoundation.org
Learn more at the official website: www.bobbylabontefoundation.org
Mission Statement of Bobby Labonte Foundation Inc
Bobby Labonte Foundation Inc, a charitable organization, is dedicated to extending aid to families and children in need across North Carolina. Their mission is centered around supporting various charities, ensuring that these vulnerable groups receive the assistance they require to overcome their challenges. The foundation's primary focus is on uplifting families and children, offering them the necessary support to overcome hardships and improve their lives.
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Impact
August, 2024
The Bobby Labonte Foundation Inc's impact is significant in supporting charities throughout North Carolina by providing help to families and children who are in need. Their work focuses on community improvement through various initiatives and programs aimed at making a positive difference in the lives of those facing challenges.
This information is meant to be a general summary of Bobby Labonte 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.
- Gross Receipts: $20,865
Assets and Liabilities:
- Total Assets: $1,860
- Total Liabilities: $0
- Net Assets: $1,860
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Organization Details
Phone
(336) 918-5719Principal Officer
Robert A Labonte
Main Address
265 Eastchester Drive 133, High Point, NC, 27262
NTEE Category
Code: S12 - Community improvement
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