Overview
What is B Loved Foundation Inc?
B Loved Foundation Inc is a compassionate nonprofit organization located in Fort Worth, Texas. Their mission is to support orphaned children in Sodo, Ethiopia, who have lost their parents due to HIV or illness. They achieve this by offering financial assistance and providing facilities for the families of these children to live together, under the care of a house mother. This setup enables siblings to grow up together, fostering a sense of family and community during a challenging time in their lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52%, One-Star out of Four Stars
B Loved Foundation Inc has received a low rating of 52%, which indicates serious concerns regarding its governance and financial practices. This rating is derived solely from its Accountability & Finance beacon, highlighting critical deficiencies in transparency and board independence. The nonprofit has no independent board members and lacks essential policies such as conflict of interest and whistleblower protections.
Despite these governance issues, the organization has a strong program expense ratio of 93.94%, suggesting that a significant portion of its funds is directed towards its programs rather than administrative costs. However, the absence of financial statements and missing documents on its website raises questions about its overall accountability and financial health.
The lack of fundamental policies and independent oversight could hinder the organization's credibility and donor trust. Prospective supporters should consider these factors carefully when evaluating their potential contributions to B Loved Foundation Inc.
This AI summary has been generated from information found on Charity Navigator.
Is B Loved Foundation Inc legitimate?
B Loved Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. B Loved Foundation Inc 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 B Loved Foundation Inc?
The B Loved Foundation Inc's mission is centered around providing assistance to orphaned children in Sodo, Ethiopia, who have lost their parents due to HIV or illness. Its primary objective is to offer financial support and establish facilities that allow siblings to grow up together under the care of a house mother. This organization strives to provide a nurturing environment for these children, helping them overcome their tough circumstances. The foundation aims to offer these children a sense of family and a chance at a better life.
Who is the CEO of B Loved Foundation Inc?
David L Simpson is the President of B Loved Foundation Inc.
What is the revenue of B Loved Foundation Inc?
B Loved Foundation Inc's revenue in 2022 was $837,724.
Who are the executives of B Loved Foundation Inc and what are their salaries?
Here are 3 key members and their salaries:
- 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 B Loved Foundation Inc?
B Loved Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of B Loved Foundation Inc
B Loved Foundation Inc is a nonprofit organization with a mission to provide financial support and facilities for orphaned children in Sodo, Ethiopia. This organization is dedicated to helping children who have been orphaned due to the loss of their parents to HIV or sickness. By offering facilities for the families of these orphaned children to grow up together, under the care of a house mother, B Loved Foundation Inc aims to provide a supportive environment for these children to thrive. The foundation's mission is to offer aid and support to these children, ensuring they have the necessary resources to live and grow in a loving and nurturing environment.
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Impact
July, 2024
B Loved Foundation Inc is making a significant impact by providing financial support for orphaned children in Sodo, Ethiopia, who have lost their parents to HIV or sickness. The organization is dedicated to ensuring these children have access to facilities that allow them to grow up together with a house mother, creating a supportive environment for their well-being and development. This initiative is particularly crucial for the families of brothers and sisters who have experienced such loss. By focusing on the specific needs of these children in Sodo, B Loved Foundation Inc is actively contributing to improving their lives and giving them a chance for a brighter future.
This information is meant to be a general summary of B Loved Foundation Inc. 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: $871,359
Assets and Liabilities:
- Total Assets: $126,003
- Total Liabilities: $3
- Net Assets: $126,000
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Organization Details
Founding Year
2011
Phone
(817) 263-3505Principal Officer
David L Simpson
Main Address
6608 BRYANT IRVIN RD, FORT WORTH, TX, 761324217
NTEE Category
Code: Q33 - International
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