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Friends Of Bermuda Community Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 383938349 ✦ Designated as a 501(c)(3)

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Overview

What is Friends Of Bermuda Community Foundation?

Friends of Bermuda Community Foundation is a nonprofit organization, situated at Sterling House, 16 Wesley Street 3rd, Hamilton, Bermuda (HM 11). Their primary mission is to contribute funding to charitable organizations operating within the community, focusing on sectors such as arts, education, environmental conservation, health, and human services. The foundation promotes and supports the objectives and activities of not-for-profit organizations in Bermuda, aligned with Section 501(C)(3) of the U.S. Internal Revenue Code. By facilitating grants to Bermuda-based not-for-profit agencies, the foundation plays a crucial role in strengthening and advancing various community initiatives.


Official website here: www.bermudacommunityfoundation.org

Is Friends Of Bermuda Community Foundation legitimate?

Friends Of Bermuda Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Friends Of Bermuda 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


Official website here: www.bermudacommunityfoundation.org

What is the mission statement of Friends Of Bermuda Community Foundation?

The Friends of Bermuda Community Foundation's mission is centered around promoting and supporting the activities of not-for-profit organizations in Bermuda, whose purposes align with Section 501(C)(3) of the Internal Revenue Code. The primary aim of this foundation is to facilitate grants to Bermuda's not-for-profit agencies. Through their contributions, they support charitable organizations providing services to the community in various sectors, including arts, education, environmental conservation, health, and human services.


Official website here: www.bermudacommunityfoundation.org

Who is the CEO of Friends Of Bermuda Community Foundation?

Myra Virgil is the President of Friends Of Bermuda Community Foundation.


Official website here: www.bermudacommunityfoundation.org

What is the revenue of Friends Of Bermuda Community Foundation?

Friends Of Bermuda Community Foundation's revenue in 2022 was $2,604,309.


Official website here: www.bermudacommunityfoundation.org

Who are the executives of Friends Of Bermuda Community Foundation and what are their salaries?

There 6 volunteers at Friends Of Bermuda Community Foundation.


Here are 5 key members and their salaries:


Myra Virgil (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Holmes (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Cooke (Assistant Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Peter Logie (Vice-President / Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michelle Grant (Administrator)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.bermudacommunityfoundation.org

Where can I find the form 990 for Friends Of Bermuda Community Foundation?

Friends Of Bermuda Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.bermudacommunityfoundation.org

Learn more at the official website: www.bermudacommunityfoundation.org

Mission Statement of Friends Of Bermuda Community Foundation

The Friends of Bermuda Community Foundation, as a philanthropic organization, is committed to promoting and supporting the objectives and activities of not-for-profit organizations in Bermuda. These organizations are required to adhere to Section 501(C)(3) of the Internal Revenue Code, which outlines the criteria for tax-exempt organizations in the United States. The primary mission of the Friends of Bermuda Community Foundation is to facilitate grants to Bermuda not-for-profit agencies. By doing so, they contribute funding to charitable organizations that provide essential services to the community in various sectors, including arts, education, environmental conservation, health, and human services. This support enables these organizations to continue their vital work and positively impact the lives of individuals in Bermuda.

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Impact




October, 2024

Friends Of Bermuda Community Foundation plays a vital role in enhancing the quality of life in Bermuda by promoting and supporting not-for-profit organizations aligned with charitable activities. Through their efforts, they contribute funding to a variety of initiatives in arts, education, environmental conservation, health, and human services. By facilitating grants to Bermuda's not-for-profit agencies, they empower these organizations to serve the community effectively, addressing critical needs and fostering positive change across multiple sectors. Their impact is seen in the way they enable local initiatives, inspire community engagement, and support the broader mission of improving societal well-being in Bermuda.




This information is meant to be a general summary of Friends Of Bermuda 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.

Revenue
$2,604,309 (2022)
Expenses
$2,560,342 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $550
  • Gross Receipts: $2,604,309

Assets and Liabilities:

  • Total Assets: $49,548
  • Total Liabilities: $4,684
  • Net Assets: $44,864

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Organization Details

Founding Year

2014

Principal Officer

Myra Virgil

NTEE Category

Code: T30 - Philanthropy

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