Overview
What is Bedford Community Foundation?
The Bedford Community Foundation is a nonprofit entity based in Lambertville, Michigan. Their primary mission is to establish endowments, aiming to enhance the living conditions of Bedford area residents in various aspects. These include social, cultural, economic, educational, and environmental aspects of life. They have been actively granting individual college scholarships and providing medical aid, demonstrating their commitment to supporting the community's future generations and healthcare needs. The foundation's role in the Bedford area serves to uplift the overall quality of life for its citizens.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 60% (Two-Star out of Four Stars)
The Bedford Community Foundation has earned a Two-Star rating from Charity Navigator, indicating a moderate level of performance and effectiveness. With an overall score of 60%, the organization demonstrates strengths in program expenses, achieving a 97.75% ratio which suggests that a large portion of its funds is directed towards its mission-related activities. Additionally, it has no material diversion of assets, showcasing financial integrity in its operations.
However, the organization has notable weaknesses in governance and transparency. The foundation scored poorly in the accountability and finance category, particularly due to a lack of independent board members and missing key policies such as whistleblower and document retention. Furthermore, the absence of a website listed on the tax form and failure to post necessary documents on its website raises concerns about transparency and accessibility of information for stakeholders.
Overall, while the Bedford Community Foundation demonstrates effective use of funds for programs, its governance practices and transparency efforts require significant improvement to enhance accountability and build trust with the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Bedford Community Foundation legitimate?
Bedford Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bedford 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Bedford Community Foundation?
The Bedford Community Foundation's mission is centered around creating endowments. These endowments aim to empower citizens in various aspects of life, encompassing social, cultural, economic, educational, and environmental quality. By establishing these endowments, the foundation strives to improve situations and contribute to the betterment of the community. The organization has also been active in administering scholarships and providing medical aid.
Who is the CEO of Bedford Community Foundation?
Linda Torbett is the President of Bedford Community Foundation.
What is the revenue of Bedford Community Foundation?
Bedford Community Foundation's revenue in 2023 was $57,789.
Who are the executives of Bedford Community Foundation and what are their salaries?
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Bedford Community Foundation?
Bedford Community Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Bedford Community Foundation
The Bedford Community Foundation is committed to enhancing the well-being of its community in various aspects. Their mission, as stated, is to establish endowments that empower the citizens of the Bedford area to improve situations relating to social, cultural, economic, educational, and environmental quality of life. By creating these endowments, the foundation aims to foster sustainable change and development within the community, ultimately bettering the living conditions and opportunities for its residents. The Bedford Community Foundation has demonstrated this commitment through its actions, such as administering 41 individual college scholarship grants and providing 4 instances of medical aid.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Bedford Community Foundation's impact is seen in its creation of endowments that empower residents of the Bedford area to enhance various aspects of their lives, including social, cultural, economic, education, and environmental quality. Through administering 41 individual college scholarship grants and providing 4 medical aids, the foundation has directly contributed to the improvement of educational opportunities and healthcare access for individuals in Lambertville, MI. By focusing on philanthropy and enabling citizens to make positive changes in their community, Bedford Community Foundation plays a vital role in fostering growth and development in the Bedford area.
This information is meant to be a general summary of Bedford 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 2023.
- Investment Income: $14,310
- Gross Receipts: $57,789
Assets and Liabilities:
- Total Assets: $1,339,169
- Total Liabilities: $0
- Net Assets: $1,339,169
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2005
Principal Officer
Linda Torbett
Main Address
PO BOX 54, LAMBERTVILLE, MI, 48144
NTEE Category
Code: T31 - Philanthropy
If you are a representative of Bedford Community Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.