Overview
What is Big Brothers Big Sisters Foundation?
Big Brothers Big Sisters Foundation is a nonprofit organization based in Kansas City, Missouri, specifically at 1709 Walnut Street. Their primary activity involves soliciting used, re-saleable clothing and small household items from the community. These items are then sold to their retail partner, Savers. The revenue generated from these sales covers the cost of collection bins, trucks, employee salaries, and other operational expenses. The excess funds are utilized to further the mission of Big Brothers Big Sisters of Greater Kansas City. This mission is to provide mentorship and guidance to children in need, aiming to foster positive growth and development. The organization employs a team of 11 individuals to carry out its operations.
Official website here: www.bbbskc.org/donationcenter
What are the reviews and ratings of this charity?
Charity Navigator rating: 72%, Two-Star out of Four Star rating.
Big Brothers Big Sisters Foundation has garnered a Two-Star rating from Charity Navigator, which indicates that while the organization displays strong accountability and financial practices, there are critical areas requiring improvement. The organization excels in having an independent board and robust financial oversight, with perfect scores in several governance-related categories, demonstrating a commitment to transparency and ethical management.
However, significant concerns arise from its fundraising efficiency and financial health. The foundation received a score of $0.00 in fundraising efficiency, suggesting that the costs to raise funds may be unsustainably high. Additionally, the liabilities to assets ratio of 81.19% indicates that the organization has a high level of debt relative to its assets, which raises questions about its financial stability and operational capacity in the long term.
While the program expense ratio is commendable at 96.50%, showing a strong commitment to programmatic spending, the overall financial health of Big Brothers Big Sisters Foundation presents challenges that could impact its ability to effectively serve its mission in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Big Brothers Big Sisters Foundation legitimate?
Big Brothers Big Sisters Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Big Brothers Big Sisters 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: $413,351
For more financial information, click here
Official website here: www.bbbskc.org/donationcenter
What is the mission statement of Big Brothers Big Sisters Foundation?
Big Brothers Big Sisters Foundation solicits used, resalable clothing and small household items from the community. The collected items are then sold to their retail partner, Savers. The revenue generated from these sales covers the costs associated with collection bins, trucks, employee salaries, and overhead expenses. Any excess funds are utilized to support the mission of Big Brothers Big Sisters of Greater Kansas City, which aims to foster mentoring relationships between youth and adult volunteers. This mission aims to empower young individuals and guide them towards becoming responsible and confident adults.
Official website here: www.bbbskc.org/donationcenter
Who is the CEO of Big Brothers Big Sisters Foundation?
Micheal Lawrence is the Board Member of Big Brothers Big Sisters Foundation. The CEO's salary of Big Brothers Big Sisters Foundation is $0 and their total compensation is $0.
Official website here: www.bbbskc.org/donationcenter
What is the revenue of Big Brothers Big Sisters Foundation?
Big Brothers Big Sisters Foundation's revenue in 2022 was $2,162,648.
Official website here: www.bbbskc.org/donationcenter
Who are the executives of Big Brothers Big Sisters Foundation and what are their salaries?
The average compensation at Big Brothers Big Sisters Foundation during 2022 was $37,577. There are 11 employees at Big Brothers Big Sisters Foundation.
Here are 14 key members and their salaries (Big Brothers Big Sisters Foundation's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.bbbskc.org/donationcenter
Where can I find the form 990 for Big Brothers Big Sisters Foundation?
Big Brothers Big Sisters Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bbbskc.org/donationcenter
Learn more at the official website: www.bbbskc.org/donationcenter
Mission Statement of Big Brothers Big Sisters Foundation
Big Brothers Big Sisters Foundation, through its donation center, collects used, re-saleable clothing and small household items from the community. This initiative serves a dual purpose: firstly, it helps fund the operations of the organization, as the donated items are sold to retail partner Savers. The revenue generated from these sales covers the expenses associated with collection bins, trucks, employee salaries, and overhead costs. Secondly, the excess funds raised are utilized to support the mission of Big Brothers Big Sisters of Greater Kansas City. This mission involves fostering meaningful, mentoring relationships between adult volunteers (known as Bigs) and children (Littles) in the community, aiming to positively impact the lives of these children by providing them with guidance, support, and role models. The donation center, therefore, plays a crucial role in financially sustaining and furthering the charitable objectives of Big Brothers Big Sisters Foundation.
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Impact
July, 2024
Big Brothers Big Sisters Foundation's impact is significant in supporting their mission of helping children in Greater Kansas City. Through their donation center, they solicit used, re-saleable clothing and small household items from the community. These donations are then sold to their retail partner, Savers, to generate funds. These funds cover the costs of collection bins, trucks, employee salaries, and overhead expenses. Any excess funds are utilized to further the mission of Big Brothers Big Sisters of Greater Kansas City, ultimately benefiting children in need. Their work in human services has a direct and positive impact on the community they serve.
This information is meant to be a general summary of Big Brothers Big Sisters 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.
- Gross Receipts: $4,325,247
Assets and Liabilities:
- Total Assets: $802,307
- Total Liabilities: $651,445
- Net Assets: $150,862
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Organization Details
Founding Year
1998
Phone
(816) 561-5269Principal Officer
Micheal Lawrence
Main Address
1709 WALNUT ST, KANSAS CITY, MO, 64108
NTEE Category
Code: P40 - Human services
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