Overview
What is Bowen Family Foundation?
The Bowen Family Foundation, located in Waco, Texas, is a small-scale nonprofit organization that actively supports local charities through the organization of various fundraising events. Notably, they have hosted the Bowen Classic Golf Tournament and the Bowen Music Festival, which have proven to be successful in raising funds for these worthy causes. Their primary mission involves sponsoring such events, contributing to the betterment of their community.
Official website here: www.bowenfamilyfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69% (Two-Star out of Four Star rating)
The Bowen Family Foundation receives a Two-Star rating, indicating some weaknesses in its accountability and financial management. The score is primarily based on the Accountability & Finance beacon, where the foundation earned a score of 69%. While the rating shows that the charity has an independent board structure and has not diverted assets, the absence of essential policies such as a conflict of interest policy and a whistleblower policy raises concerns about its governance practices.
The foundation's strengths include a strong program expense ratio of 70.36%, reflecting a commitment to directing funds towards its programs. Additionally, the organization demonstrates good fiscal health with a liabilities to assets ratio of 0.00%, suggesting no outstanding debts. However, the missing governance policies could hinder transparency and accountability, which are critical for building trust with donors and stakeholders.
Overall, while the Bowen Family Foundation displays commendable financial practices and board independence, the lack of necessary governance policies points to areas needing improvement. Potential donors and supporters may want to consider these factors when engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Bowen Family Foundation legitimate?
Bowen Family Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bowen Family 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
Professional Fundraising Fees: $0
Other Salaries and Wages: $25,000
For more financial information, click here
Official website here: www.bowenfamilyfoundation.org
What is the mission statement of Bowen Family Foundation?
The Bowen Family Foundation's mission involves sponsoring fundraising events to benefit local charities. This philanthropic organization actively contributes to the community by hosting events such as the Bowen Classic Golf Tournament and the Bowen Music Festival, which raise funds for various local charitable organizations. By supporting these events, the foundation aims to contribute to the betterment of the community and the causes supported by the charities they partner with.
Official website here: www.bowenfamilyfoundation.org
Who is the CEO of Bowen Family Foundation?
Jill Goss is the President of Bowen Family Foundation.
Official website here: www.bowenfamilyfoundation.org
What is the revenue of Bowen Family Foundation?
Bowen Family Foundation's revenue in 2022 was $667,892.
Official website here: www.bowenfamilyfoundation.org
Who are the executives of Bowen Family Foundation and what are their salaries?
The average compensation at Bowen Family Foundation during 2022 was $25,000. There is 1 employee at Bowen Family Foundation.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $14,334
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.bowenfamilyfoundation.org
Where can I find the form 990 for Bowen Family Foundation?
Bowen Family Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bowenfamilyfoundation.org
Learn more at the official website: www.bowenfamilyfoundation.org
Mission Statement of Bowen Family Foundation
The Bowen Family Foundation, as evident from its activities, is committed to sponsoring fundraising events with the primary objective of benefiting local charities. This philanthropic organization undertakes various initiatives to raise funds for these charitable organizations. Two notable examples of their fundraising events are the Bowen Classic Golf Tournament and the Bowen Music Festival. These events serve as significant platforms to generate funds, which are then channeled towards supporting local charities. The Bowen Family Foundation's mission, therefore, can be paraphrased as an organization that leverages fundraising events to contribute to the welfare of local charities.
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Impact
July, 2024
The Bowen Family Foundation sponsors fundraising events for the benefit of local charities. They have hosted events like the Bowen Classic Golf Tournament and the Bowen Music Festival, raising money for various local charities in Waco, TX. Their impact is felt through the financial support they provide to organizations serving the community in need.
This information is meant to be a general summary of Bowen Family 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: $280
- Gross Receipts: $1,677,105
Assets and Liabilities:
- Total Assets: $825,729
- Total Liabilities: $56
- Net Assets: $825,673
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Organization Details
Founding Year
2013
Phone
(254) 855-7676Principal Officer
Jill Goss
Main Address
PO BOX 21983, WACO, TX, 76702
NTEE Category
Code: Z99 - Unknown
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