Overview
What is Brookings Foundation?
The Brookings Foundation is a nonprofit organization located in Brookings, South Dakota. Its primary mission is to provide assistance to meet various needs within the community by managing twenty-one separate funds, predominantly donor-designated funds. During the Covid-19 pandemic, they established a fund titled "Covid-19 Relief Fund," which offers grants to nonprofit agencies aiming to support individuals and families impacted by the crisis. The organization, with a modest team of one employee, operates in accordance with its mission to positively impact the community of Brookings, South Dakota.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91%, Four-Star out of Four Star Rating
The Brookings Foundation has achieved an impressive 91% score, which translates to a Four-Star rating from Charity Navigator. This high rating reflects a strong emphasis on both Accountability & Finance and Impact & Measurement. The organization scored particularly well in Impact & Measurement, with a perfect score of 100, indicating effective evaluation of its programs and services.
Strengths of the Brookings Foundation include a substantial program expense ratio of 93.53%, which indicates that a significant portion of its expenditures directly supports its mission. Additionally, the organization has established strong governance frameworks, evidenced by comprehensive policies on conflict of interest, whistleblower protections, and document retention, all of which received full marks. The foundation's low liabilities to assets ratio further showcases its financial stability.
However, the accountability aspect shows some limitations, particularly the absence of financial statements, which resulted in a score of 79 in that category. Despite this, the foundation's overall focus on maximizing the impact of its programs remains evident, as seen in its success in increasing scholarship recipients' income significantly.
This AI summary has been generated from information found on Charity Navigator.
Is Brookings Foundation legitimate?
Brookings Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brookings 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: $6,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Brookings Foundation?
The Brookings Foundation's mission is to offer aid in addressing various needs, primarily through the use of donor-designated funds distributed across twenty-one separate funds. This organization's main objective is to provide assistance in an effort to improve the circumstances of individuals and families. Notably, the foundation has established a specific fund titled "Covid-19 Relief Fund," which provides grants to nonprofit organizations to support those affected by the pandemic.
Who is the CEO of Brookings Foundation?
Kurt Osborne is the President of Brookings Foundation.
What is the revenue of Brookings Foundation?
Brookings Foundation's revenue in 2023 was $592,231.
Who are the executives of Brookings Foundation and what are their salaries?
The average compensation at Brookings Foundation during 2023 was $6,600. There is 1 employee and 7 volunteers at Brookings Foundation.
Here are 8 key members and their salaries:
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- Compensation: $6,600
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- Other: $0
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Where can I find the form 990 for Brookings Foundation?
Brookings Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Brookings Foundation
The Brookings Foundation, a nonprofit organization, is dedicated to fulfilling the needs of its community in Brookings, South Dakota. Primarily, it accomplishes this mission through the management of twenty-one separate funds, the majority of which are donor-designated. This foundation serves as a conduit, channeling resources to various organizations and initiatives that align with its donors' intentions.
One of its significant initiatives is the Covid-19 Relief Fund. This particular fund provides grants to nonprofit agencies, aiming to assist individuals and families impacted by the pandemic. By doing so, the Brookings Foundation plays a crucial role in alleviating some of the hardships faced by its community during these challenging times. By providing much-needed financial assistance, the foundation helps these nonprofits maintain their services and continue supporting the people of Brookings.
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Impact
July, 2024
Brookings Foundation has made a significant impact in the community of Brookings, South Dakota by providing assistance to meet various needs through its twenty-one separate funds. These funds, which consist primarily of donor designated funds, address a range of issues and support nonprofit agencies in their efforts to help individuals and families in the area. One notable initiative is the "Covid-19 Relief Fund," which offers grants to nonprofit agencies assisting those affected by the pandemic. The foundation plays a vital role in supporting philanthropic endeavors and contributing to the welfare of the Brookings community.
This information is meant to be a general summary of Brookings 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 2023.
- Investment Income: $35,337
- Gross Receipts: $592,231
Assets and Liabilities:
- Total Assets: $2,782,219
- Total Liabilities: $0
- Net Assets: $2,782,219
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Organization Details
Founding Year
1977
Phone
(605) 274-6012Principal Officer
Kurt Osborne
Main Address
c/o Kurt Osborne 1028 7th Ave, Brookings, SD, 57006
NTEE Category
Code: T900 - Philanthropy
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