Overview
What is Bay Area Community Foundation?
The Bay Area Community Foundation is a nonprofit organization situated in Bay City, Michigan, specifically at 1000 Adams St Suite 200. Its primary role involves awarding grants to various 501(c)(3) nonprofit organizations, municipalities, and educational institutions. In 2022, they distributed 314 grants across various sectors, including arts and culture, community development, education, environment, health and human services, recreation, and youth activities. The foundation's mission is to fulfill diverse charitable wishes within Bay and Arenac counties, Michigan, by establishing permanent endowment funds and promoting community improvement through effective grantmaking and collaboration. They currently employ a team of nine individuals, dedicated to serving their community's needs.
Official website here: www.bayfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97% (Four-Star out of Four Star rating)
The Bay Area Community Foundation has achieved a commendable Four-Star rating from Charity Navigator, reflecting its exceptional accountability and financial management. With a perfect score in the Accountability & Finance category, the organization demonstrates strong governance practices, including a fully independent board, effective oversight, and a commitment to transparency.
Strengths of the foundation include a high Program Expense Ratio of 80.64%, indicating that a significant portion of its funds is directed toward its mission-related programs. The organization also maintains a solid Financial Efficiency Ratio, showcasing a well-managed fundraising approach. Its exemplary policies, including conflict of interest and whistleblower protections, reinforce its commitment to ethical practices.
While the foundation's overall performance is impressive, it's essential for potential supporters to consider reviewing the specific programs and initiatives that the foundation funds to understand its impact fully. The high accountability score indicates robust management; however, additional insights into program outcomes could further enhance stakeholder confidence in its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Bay Area Community Foundation legitimate?
Bay Area Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bay Area Community 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: $120,489
Professional Fundraising Fees: $0
Other Salaries and Wages: $334,028
For more financial information, click here
Official website here: www.bayfoundation.org
What is the mission statement of Bay Area Community Foundation?
The Bay Area Community Foundation's mission is centered around fulfilling various charitable wishes of donors. It achieves this by establishing permanent endowment funds and serving as a catalyst for community improvement through strategic grantmaking and collaboration. The foundation's grantmaking activities encompass 501(c)(3) nonprofit organizations, municipalities, and educational institutions. In 2022, the foundation awarded 314 grants in areas such as arts and culture, community development, education, environment, health and human services, recreation, and youth activities.
Official website here: www.bayfoundation.org
Who is the CEO of Bay Area Community Foundation?
Diane M Mahoney is the Chair of Bay Area Community Foundation. The CEO's salary of Bay Area Community Foundation is $108,634 and their total compensation is $120,489.
Official website here: www.bayfoundation.org
What is the revenue of Bay Area Community Foundation?
Bay Area Community Foundation's revenue in 2022 was $5,645,663.
Official website here: www.bayfoundation.org
Who are the executives of Bay Area Community Foundation and what are their salaries?
The average compensation at Bay Area Community Foundation during 2022 was $50,502. There are 9 employees and 273 volunteers at Bay Area Community Foundation.
Here are 21 key members and their salaries (Bay Area Community Foundation's CEO's salary is $108,634 and their total compensation is $120,489):
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- Compensation: $108,634
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Official website here: www.bayfoundation.org
Where can I find the form 990 for Bay Area Community Foundation?
Bay Area Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bayfoundation.org
Learn more at the official website: www.bayfoundation.org
Mission Statement of Bay Area Community Foundation
The Bay Area Community Foundation, a renowned organization, is dedicated to fulfilling the charitable wishes of various donors within Bay and Arenac Counties. Its mission is twofold: firstly, to establish permanent endowment funds, and secondly, to serve as a catalyst for community improvement through strategic grantmaking and collaboration. By doing so, the foundation aims to address a wide array of societal needs, ranging from arts and culture to health and human services, in a comprehensive manner. In 2022, the foundation awarded 314 grants to various eligible organizations, including 501(c)(3) nonprofits, municipalities, and educational institutions, demonstrating its commitment to supporting local initiatives.
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Impact
July, 2024
Bay Area Community Foundation fulfills a wide array of donors' charitable wishes throughout Bay and Arenac counties by providing grants to a variety of organizations, municipalities, and educational institutions. In 2022, the foundation awarded 314 grants in areas such as arts & culture, community development, education, environment, health & human services, recreation, and youth activities. Through effective grantmaking and collaboration, the foundation serves as a leader for community improvement in Bay City, Michigan.
This information is meant to be a general summary of Bay Area Community 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 2022.
- Investment Income: $1,258,338
- Gross Receipts: $6,911,754
Assets and Liabilities:
- Total Assets: $49,136,215
- Total Liabilities: $2,516,822
- Net Assets: $46,619,393
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Organization Details
Founding Year
1982
Phone
(989) 893-4438Principal Officer
Diane M Mahoney
Main Address
1000 ADAMS ST SUITE 200, BAY CITY, MI, 48708
Website
www.bayfoundation.orgNTEE Category
Code: T31 - Philanthropy
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