Overview
What is Anchor Bay Community Foundation?
The Anchor Bay Community Foundation, located in New Baltimore, Michigan, serves as a crucial link between the community and various opportunities for growth. Primarily, it offers scholarships to individuals, enabling them to finance their post-secondary education in diverse fields of interest. Beyond this, the foundation plays a significant role in enriching the community through art, music, social, cultural, and educational events. By providing these avenues, the Anchor Bay Community Foundation fosters a sense of connection and development within its locality.
Official website here: www.abcf.us
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star Rating)
The Anchor Bay Community Foundation has received a commendable Three-Star rating from Charity Navigator, with an overall score of 77%. This rating indicates a solid performance in terms of accountability and finance, reflecting the foundation's commitment to transparency and responsible financial management. The rating is primarily based on factors such as an independent board, absence of material asset diversion, and a high program expense ratio.
One of the notable strengths of the foundation is its fully independent board, which consists of nine members. This demonstrates a commitment to good governance and eliminates potential conflicts of interest. Additionally, there is a strong emphasis on maintaining accurate records, as evidenced by their listing of board meeting minutes and compliance with document retention policies.
However, the foundation does have one significant limitation: the absence of a whistleblower policy, which could affect the overall governance framework. Despite this, the foundation's high program expense ratio of 86.72% suggests that a majority of its resources are directed towards fulfilling its mission. Overall, the Anchor Bay Community Foundation is positioned as a responsible and transparent organization, though improvements could be made in its governance policies.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Anchor Bay Community Foundation?
While there are currently no formal ratings for the Anchor Bay Community Foundation, the reviews available reflect a positive sentiment towards the organization. One reviewer expresses strong support, emphasizing their admiration for the foundation and highlighting the compassionate service they provide to the community.
It’s clear that the members and activities of the foundation are appreciated, focusing on their mission of serving others with kindness and dedication. This sentiment suggests that the community values the foundation's efforts and believes it plays a vital role in local support initiatives. Overall, the feedback indicates a promising perception of the Anchor Bay Community Foundation and its impact.
This AI summary has been generated from reviews found on Facebook.
Is Anchor Bay Community Foundation legitimate?
Anchor Bay Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Anchor Bay 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: $3,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.abcf.us
What is the mission statement of Anchor Bay Community Foundation?
The Anchor Bay Community Foundation serves as a connecting point for the community, offering opportunities in art, music, social, cultural, and educational realms. Its primary role is to act as a bridge, fostering growth and development within the community. As part of its mission, the foundation provides financial aid in the form of scholarships to individuals, enabling them to pursue post-secondary education in various fields of interest. This support aims to empower individuals and contribute to the community's overall progress.
Official website here: www.abcf.us
Who is the CEO of Anchor Bay Community Foundation?
Kevin Woehler is the Director of Anchor Bay Community Foundation.
Official website here: www.abcf.us
What is the revenue of Anchor Bay Community Foundation?
Anchor Bay Community Foundation's revenue in 2022 was $894,876.
Official website here: www.abcf.us
Who are the executives of Anchor Bay Community Foundation and what are their salaries?
Here are 10 key members and their salaries:
- Compensation: $3,100
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- Other: $0
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Official website here: www.abcf.us
Where can I find the form 990 for Anchor Bay Community Foundation?
Anchor Bay Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.abcf.us
Learn more at the official website: www.abcf.us
Mission Statement of Anchor Bay Community Foundation
Anchor Bay Community Foundation plays a crucial role in bridging its community by offering various opportunities in art, music, social, cultural, and educational fields. This nonprofit organization serves as a heartbeat, providing a platform for individuals to pursue their interests beyond secondary education. One of its primary missions is to offer scholarships, enabling individuals to finance their post-secondary education in a wide range of fields of interest. By providing these scholarships, Anchor Bay Community Foundation empowers its community members to pursue their passions and contribute to society in meaningful ways.
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Impact
July, 2024
Anchor Bay Community Foundation's impact can be seen in the support it provides to individuals seeking post-secondary education through scholarships. By offering financial assistance in a variety of fields of interest, the foundation is empowering members of the community to pursue their educational goals. Additionally, the foundation's efforts in promoting art, music, social, and cultural opportunities contribute to the enrichment of the Anchor Bay community, fostering a vibrant and connected environment. Through these initiatives, the foundation plays a crucial role in enhancing the community's educational and cultural landscape.
This information is meant to be a general summary of Anchor Bay 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: $41,020
- Gross Receipts: $912,645
Assets and Liabilities:
- Total Assets: $1,912,847
- Total Liabilities: $0
- Net Assets: $1,912,847
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Organization Details
Founding Year
1995
Phone
(586) 281-3275Principal Officer
Kevin Woehler
Main Address
PO BOX 88, NEW BALTIMORE, MI, 48047
Website
www.abcf.usNTEE Category
Code: T310 - Philanthropy
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