Overview
What is Big Brothers Big Sisters Of Miami Foundation Inc?
Big Brothers Big Sisters Of Miami Foundation Inc is a charitable organization established in Miami, Florida, adhering to the state's legal framework. Its primary goal is to raise funds and manage them for the benefit of Big Brothers Big Sisters of Miami, Inc., a recognized non-profit organization. The Foundation's mission involves contributing financially to this parent organization to support its initiatives, ultimately aiming to make a positive impact on the community. In fiscal year 2019, the Foundation shifted its focus to settling outstanding pledges and managing collected funds for Big Brothers Big Sisters of Miami, Inc.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
Big Brothers Big Sisters of Miami Foundation Inc has achieved an impressive 94% score, reflecting a strong commitment to accountability and finance. With a Four-Star rating, the organization demonstrates excellence in financial health and transparency, indicating that it effectively utilizes its resources to support its mission.
The foundation boasts an independent board with 83% of its members being independent, which contributes to its integrity and governance. It has no reported material diversion of assets and has established comprehensive policies, such as conflict of interest and whistleblower policies, enhancing its operational reliability. The organization allocates a significant majority of its budget (84.35%) directly to program expenses, underscoring its focus on delivering impactful services.
While the organization shows strength in various operational areas, maintaining a high level of accountability and fiscal responsibility will be essential for its continued success and community trust. Overall, the ratings reflect positively on the foundation’s efforts to foster youth mentorship in Miami.
This AI summary has been generated from information found on Charity Navigator.
Is Big Brothers Big Sisters Of Miami Foundation Inc legitimate?
Big Brothers Big Sisters Of Miami Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Big Brothers Big Sisters Of Miami 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 Big Brothers Big Sisters Of Miami Foundation Inc?
The Big Brothers Big Sisters of Miami Foundation Inc's mission is centered around raising funds and managing these resources for the benefit of Big Brothers Big Sisters of Miami Inc., a non-profit organization. The foundation was established in 2011 under Florida state laws with this primary objective. In 2019, the foundation ceased its fundraising activities but continued to collect outstanding pledges and manage the collected funds for the benefit of the agency. The Foundation's role is to support the work of Big Brothers Big Sisters of Miami Inc. by providing financial resources.
Who is the CEO of Big Brothers Big Sisters Of Miami Foundation Inc?
Gale S Nelson is the Co-Chair of Big Brothers Big Sisters Of Miami Foundation Inc. The CEO's salary of Big Brothers Big Sisters Of Miami Foundation Inc is $0 and their total compensation is $222,727.
What is the revenue of Big Brothers Big Sisters Of Miami Foundation Inc?
Big Brothers Big Sisters Of Miami Foundation Inc's revenue in 2022 was $76,897.
Who are the executives of Big Brothers Big Sisters Of Miami Foundation Inc and what are their salaries?
There 6 volunteers at Big Brothers Big Sisters Of Miami Foundation Inc.
Here are 7 key members and their salaries (Big Brothers Big Sisters Of Miami Foundation Inc's CEO's salary is $0 and their total compensation is $222,727):
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $210,740
- Other: $11,987
- Compensation: $0
- Related: $137,785
- Other: $7,711
Where can I find the form 990 for Big Brothers Big Sisters Of Miami Foundation Inc?
Big Brothers Big Sisters Of Miami Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Big Brothers Big Sisters Of Miami Foundation Inc
Big Brothers Big Sisters of Miami Foundation Inc is a non-profit organization with a mission to raise funds and administer these funds for the benefit of Big Brothers Big Sisters of Miami, Inc. Established in November 2011, this foundation serves as a financial support system for its sister organization, ensuring their continued operations and services. In the fiscal year 2019, the foundation ceased its fundraising activities on behalf of the agency and has since been collecting outstanding pledges and managing the collected funds for the benefit of Big Brothers Big Sisters of Miami, Inc. This charitable foundation plays a vital role in supporting the mission of its sister organization, which aims to positively impact the lives of children in Miami by providing them with mentors.
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Impact
August, 2024
Big Brothers Big Sisters of Miami Foundation Inc has a significant impact on the community by raising funds and administering them for the benefit of Big Brothers Big Sisters of Miami, Inc. This translates into supporting mentorship programs that make a positive difference in the lives of children and youth in Miami. By providing resources and financial assistance, the foundation helps the agency carry out its mission of fostering meaningful relationships and promoting the well-being of young individuals. Through these efforts, Big Brothers Big Sisters of Miami Foundation Inc contributes to the growth and development of the next generation, ultimately creating a more connected and supportive community.
This information is meant to be a general summary of Big Brothers Big Sisters Of Miami 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.
- Investment Income: $76,897
- Gross Receipts: $76,897
Assets and Liabilities:
- Total Assets: $4,819,245
- Total Liabilities: $8,725
- Net Assets: $4,810,520
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Organization Details
Founding Year
2011
Phone
(305) 644-0066Principal Officer
Gale S Nelson
Main Address
550 NW LEJEUNE RD, MIAMI, FL, 33126
NTEE Category
Code: P11 - Human services
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