Overview
What is New Braunfels Area Community Foundation?
The New Braunfels Area Community Foundation is a local nonprofit organization situated in New Braunfels, Texas. Its primary role is to facilitate charitable and philanthropic endeavors for donors by offering a range of fund options. This foundation encourages philanthropy by managing gifts, distributing funds, investing assets, and granting to charitable organizations on behalf of donors, ultimately benefiting the community at large. With a small team of two dedicated individuals, the New Braunfels Area Community Foundation plays a significant role in promoting philanthropy and fostering positive change in the area.
Official website here: www.nbacf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
The New Braunfels Area Community Foundation has received an impressive Three-Star rating from Charity Navigator, indicating a strong emphasis on accountability and financial management. The foundation scored 87% overall, reflecting robust fiscal practices and a commitment to transparency. This score is solely based on the organization’s accountability and finance metrics, suggesting a clear focus on maintaining high standards in these areas.
The foundation demonstrates several organizational strengths, including a fully independent board of 15 members, effective control over assets, and comprehensive policies related to conflict of interest, whistleblower protections, and document retention. With no material diversion of assets reported and a remarkable program expense ratio of 88.05%, the foundation shows a dedication to utilizing funds effectively for its community initiatives.
However, while the organization excels in accountability, the available data does not provide insights into its programmatic impact or community outreach effectiveness. Future evaluations would benefit from assessing the outcomes of its initiatives to provide a fuller picture of its effectiveness in serving the New Braunfels area.
This AI summary has been generated from information found on Charity Navigator.
Is New Braunfels Area Community Foundation legitimate?
New Braunfels Area Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Braunfels Area 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
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Other Salaries and Wages: $51,594
For more financial information, click here
Official website here: www.nbacf.org
What is the mission statement of New Braunfels Area Community Foundation?
The New Braunfels Area Community Foundation promotes philanthropy by accepting donations, managing funds, investing assets, and granting money to charitable organizations. Their mission is to enhance the community's welfare by acting on behalf of donors, ultimately benefiting the area as a whole. The foundation provides various fund options to assist donors in their charitable and philanthropic pursuits. By accepting gifts and administering funds, they encourage a culture of giving and contribute to the betterment of the community.
Official website here: www.nbacf.org
Who is the CEO of New Braunfels Area Community Foundation?
Brit King is the Past Chair of New Braunfels Area Community Foundation. The CEO's salary of New Braunfels Area Community Foundation is $111,943 and their total compensation is $111,943.
Official website here: www.nbacf.org
What is the revenue of New Braunfels Area Community Foundation?
New Braunfels Area Community Foundation's revenue in 2022 was $3,377,443.
Official website here: www.nbacf.org
Who are the executives of New Braunfels Area Community Foundation and what are their salaries?
The average compensation at New Braunfels Area Community Foundation during 2022 was $25,797. There are 2 employees at New Braunfels Area Community Foundation.
Here are 16 key members and their salaries (New Braunfels Area Community Foundation's CEO's salary is $111,943 and their total compensation is $111,943):
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Official website here: www.nbacf.org
Where can I find the form 990 for New Braunfels Area Community Foundation?
New Braunfels Area Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nbacf.org
Learn more at the official website: www.nbacf.org
Mission Statement of New Braunfels Area Community Foundation
The New Braunfels Area Community Foundation plays a significant role in fostering a culture of philanthropy. They accomplish this by accepting donations, managing funds, investing assets, and making grants to charitable organizations on behalf of donors. Their ultimate goal is to benefit the community as a whole. The foundation encourages philanthropic efforts by providing a range of fund options, assisting donors in their charitable and benevolent pursuits.
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Impact
July, 2024
The New Braunfels Area Community Foundation plays a vital role in developing and encouraging a culture of philanthropy in the area. By accepting gifts, administering funds, investing assets, and making grants to charitable organizations on behalf of donors, the foundation significantly contributes to the greater benefit of the community. Through its services to donors, providing various fund options, the foundation assists individuals in their charitable and philanthropic endeavors, thereby fostering a spirit of giving and community improvement in New Braunfels.
This information is meant to be a general summary of New Braunfels Area 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 2022.
- Investment Income: $657,148
- Program Service Revenue: $153,838
- Gross Receipts: $5,830,455
Assets and Liabilities:
- Total Assets: $11,809,419
- Total Liabilities: $1,782,429
- Net Assets: $10,026,990
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$153,838
Organization Details
Founding Year
2012
Phone
(830) 606-9536Principal Officer
Brit King
Main Address
801 W SAN ANTONIO ST, NEW BRAUNFELS, TX, 78130
Website
www.nbacf.orgNTEE Category
Code: S20 - Community improvement
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