Overview
What is Bill Belichick Foundation Inc?
The Bill Belichick Foundation Inc, based in Wellesley, Massachusetts, is a charitable organization dedicated to supporting athletic organizations and individuals. Through its website, it promotes financial aid opportunities and provides information about upcoming events. The foundation awards educational scholarships to students and grants to organizations in line with its mission statement. Embracing football and lacrosse, the foundation's mission is to offer coaching, mentorship, and financial assistance to individuals, communities, and organizations. The foundation also organizes "Team Belichick" events, furthering its mission to contribute positively to the sports and the community.
Official website here: www.billbelichickfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
The Bill Belichick Foundation Inc has achieved a notable Four-Star rating from Charity Navigator, with an overall score of 96%. This rating reflects strong accountability and financial management within the organization, which is crucial for maintaining donor trust and ensuring effective resource allocation. The organization’s performance is particularly impressive in its financial oversight, as evidenced by a high program expense ratio of 86.96%, indicating a significant portion of funds directly supports its mission.
The foundation benefits from full independence within its board, boasting 100% independent members and a well-structured oversight committee. This governance structure enhances transparency and accountability, which are essential for nonprofit success. Additionally, the organization has established comprehensive policies, including conflict of interest and whistleblower protections, further solidifying its commitment to ethical management practices.
While the foundation's financial health appears robust, with a liabilities to assets ratio of 28.48%, there is always room for continued improvement and adaptation. Overall, the Bill Belichick Foundation Inc demonstrates a strong commitment to its mission, supported by sound financial practices and effective governance, which contribute to its positive reputation within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Bill Belichick Foundation Inc legitimate?
Bill Belichick Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bill Belichick 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.
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Professional Fundraising Fees: $22,430
Other Salaries and Wages: $0
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Official website here: www.billbelichickfoundation.org
What is the mission statement of Bill Belichick Foundation Inc?
The Bill Belichick Foundation Inc's mission, centering around football and lacrosse, is to offer coaching, mentorship, and financial aid to individuals, communities, and organizations. The foundation achieves this objective by promoting its activities through its website, which provides information about upcoming events and accepts donations. It also awards educational scholarships to students and grants to organizations that align with its mission statement. Additionally, the Bill Belichick Foundation organizes "Team Belichick" events, furthering its commitment to supporting its intended recipients.
Official website here: www.billbelichickfoundation.org
What is the revenue of Bill Belichick Foundation Inc?
Bill Belichick Foundation Inc's revenue in 2023 was $541,479.
Official website here: www.billbelichickfoundation.org
Who are the executives of Bill Belichick Foundation Inc and what are their salaries?
Here are 6 key members and their salaries:
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Official website here: www.billbelichickfoundation.org
Where can I find the form 990 for Bill Belichick Foundation Inc?
Bill Belichick Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.billbelichickfoundation.org
Learn more at the official website: www.billbelichickfoundation.org
Mission Statement of Bill Belichick Foundation Inc
The Bill Belichick Foundation Inc, dedicated to football and lacrosse, strives to offer coaching, mentorship, and financial aid to individuals, communities, and organizations. Its mission is twofold, aiming to provide the necessary support and resources to nurture growth and development in these areas. The foundation achieves this by advertising its website, which serves as a platform for athletic organizations seeking financial assistance. The site offers information on upcoming events and encourages donations. Beyond this, the foundation awards educational scholarships to deserving students and grants to organizations that align with its mission statement. Furthermore, the Bill Belichick Foundation organizes "Team Belichick" events, further reinforcing its commitment to fostering growth and development in football and lacrosse communities.
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Impact
July, 2024
The Bill Belichick Foundation Inc's impact lies in providing coaching, mentorship, and financial support to individuals, communities, and organizations through a focus on football and lacrosse. This includes offering educational scholarships to students, providing grants to aligned organizations, and holding "Team Belichick" events. Their efforts aim to enhance youth development and support athletic organizations in pursuing their goals.
This information is meant to be a general summary of Bill Belichick 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 2023.
- Investment Income: $38,057
- Gross Receipts: $601,016
Assets and Liabilities:
- Total Assets: $1,343,689
- Total Liabilities: $382,694
- Net Assets: $960,995
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Organization Details
Founding Year
2013
Principal Officer
Linda Holliday
NTEE Category
Code: O50 - Youth development
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