Overview
What is Bay Harbor Foundation?
The Bay Harbor Foundation is a nonprofit organization situated in Bay Harbor, Michigan. It primarily focuses on granting funds to other charitable organizations within its geographical area of northern Michigan. The foundation's mission is to support not-for-profit entities engaged in cultural, social service, and artistic activities. By dedicating itself to this cause, the Bay Harbor Foundation aims to contribute positively to the community in its region, employing a single staff member to oversee its operations.
Official website here: www.bayharborfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Star rating)
The Bay Harbor Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance across various evaluation metrics. With a score of 97 in Accountability & Finance and perfect scores of 100 in Impact & Measurement, Culture & Community, and Leadership & Adaptability, the organization demonstrates a high level of transparency and effective governance. The foundation boasts a fully independent board and has no reported material diversions of assets, indicating robust oversight and ethical management.
The foundation's program expense ratio of 81.61% suggests that a significant portion of its funds is directed towards its charitable activities, which is a positive indicator for potential donors. Furthermore, the organization excels in collecting and utilizing feedback, with perfect scores in impact evaluation and feedback usage. This commitment to measuring outcomes and engaging stakeholders underscores its dedication to maximizing its impact within the community.
However, the Bay Harbor Foundation acknowledges its strategic goals, which include diversifying its board and expanding its Scholar Program, showing a proactive approach to growth and inclusivity. The foundation's adaptability during the pandemic, shifting from events to direct donor engagement, highlights its resilience in challenging circumstances. Overall, the Bay Harbor Foundation stands out as a well-managed nonprofit with a clear mission and a commitment to continuous improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Bay Harbor Foundation legitimate?
Bay Harbor Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bay Harbor Foundation 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: $20,531
For more financial information, click here
Official website here: www.bayharborfoundation.org
What is the mission statement of Bay Harbor Foundation?
The Bay Harbor Foundation is committed to assisting not-for-profit organizations focusing on culture, social services, and arts in a specific geographic area. This foundation, in alignment with its members, dedicates its resources to providing aid in this field. By granting funds to these organizations, the Bay Harbor Foundation supports their exempt purposes. The organization's mission is to contribute to the betterment of these sectors, ensuring they can carry out their objectives effectively.
Official website here: www.bayharborfoundation.org
What is the revenue of Bay Harbor Foundation?
Bay Harbor Foundation's revenue in 2023 was $56,553.
Official website here: www.bayharborfoundation.org
Who are the executives of Bay Harbor Foundation and what are their salaries?
The average compensation at Bay Harbor Foundation during 2023 was $10,266. There are 2 employees at Bay Harbor Foundation.
Here are 9 key members and their salaries:
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- Compensation: $8,000
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Official website here: www.bayharborfoundation.org
Where can I find the form 990 for Bay Harbor Foundation?
Bay Harbor Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bayharborfoundation.org
Learn more at the official website: www.bayharborfoundation.org
Mission Statement of Bay Harbor Foundation
Bay Harbor Foundation, a dedicated organization, is committed to providing assistance to not-for-profit cultural, social service, and arts-based organizations within its geographic focus area in Northern Michigan. This mission is carried out in close harmony with its members, reflecting its dedication to supporting these vital organizations that contribute to the well-being of their communities. In pursuit of this mission, Bay Harbor Foundation awards grants to other non-profit organizations, helping them to fulfill their exempt purposes. By providing financial aid and resources, Bay Harbor Foundation plays a significant role in strengthening and sustaining these organizations, thereby enriching the cultural, social, and artistic landscape of Northern Michigan.
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Impact
August, 2024
Bay Harbor Foundation has significantly impacted the Northern Michigan community by providing vital assistance to cultural, social service, and arts-based organizations in the region. Through its grants, the foundation has empowered other nonprofits to fulfill their exempt purposes and enhance the quality of life for individuals in the area. The foundation's dedication to philanthropy has fostered a stronger and more vibrant community in Bay Harbor, Michigan.
This information is meant to be a general summary of Bay Harbor Foundation. 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 2023.
- Investment Income: $7,456
- Gross Receipts: $56,553
Assets and Liabilities:
- Total Assets: $526,430
- Total Liabilities: $0
- Net Assets: $526,430
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Organization Details
Founding Year
2004
Principal Officer
Jason Allen
Website
www.bayharborfoundation.orgNTEE Category
Code: T31 - Philanthropy
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