Overview
What is The Battery Foundation?
The Battery Foundation, operating under the name Battery Powered, is a nonprofit organization situated in San Francisco, California. With a team of three dedicated individuals, its mission is to promote charitable giving by linking philanthropists to nonprofit organizations and causes addressing some of society's most pressing issues. In 2022, the foundation focused on donor education and grant distribution in areas such as journalism and media, housing and homelessness, and the future of food. The organization also responded to the ongoing conflict in Ukraine by organizing a pop-up event for education and fundraising, and reinstated its volunteer program.
Official website here: www.thebatterysf.com/batterypowered
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
The Battery Foundation has achieved an impressive 95% rating from Charity Navigator, reflecting strong performance in accountability and finance. The organization is governed by a fully independent board, enhancing its integrity and decision-making processes. Key financial health indicators, such as a high program expense ratio of 93.27% and excellent fundraising efficiency, suggest that the foundation effectively utilizes its resources to further its mission.
The foundation's commitment to transparency is evident through its well-documented governance policies, including a conflict of interest policy and a whistleblower policy, both of which contribute to its strong oversight practices. Additionally, there are no instances of material diversion of assets, indicating sound management of resources. The foundation's audit and oversight committee received a perfect score, further demonstrating robust financial practices.
However, the working capital ratio stands at 0.42 years, which may suggest some limitations in liquidity. While this is not a critical concern, it highlights an area where the organization could improve its financial stability. Overall, The Battery Foundation is a well-managed nonprofit with strong accountability practices and a significant impact on its mission.
This AI summary has been generated from information found on Charity Navigator.
Is The Battery Foundation legitimate?
The Battery Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Battery 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: $227,138
Professional Fundraising Fees: $0
Other Salaries and Wages: $172,643
For more financial information, click here
Official website here: www.thebatterysf.com/batterypowered
What is the mission statement of The Battery Foundation?
The Battery Foundation's mission is centered around increasing charitable giving by facilitating connections between philanthropists and nonprofit organizations tackling some of society's most pressing issues. Their objective is to amplify the impact of charitable contributions in addressing these challenges. In 2022, the foundation provided donor education and granted funds in the areas of journalism and media, housing and homelessness, and the future of food. Additionally, they responded to the ongoing conflict in Ukraine with a pop-up education and fundraising event, and reinstated their volunteer program.
Official website here: www.thebatterysf.com/batterypowered
Who is the CEO of The Battery Foundation?
Colleen Gregerson is the Executive Director of The Battery Foundation.
Official website here: www.thebatterysf.com/batterypowered
What is the revenue of The Battery Foundation?
The Battery Foundation's revenue in 2022 was $3,829,282.
Official website here: www.thebatterysf.com/batterypowered
Who are the executives of The Battery Foundation and what are their salaries?
The average compensation at The Battery Foundation during 2022 was $133,260. There are 3 employees and 7 volunteers at The Battery Foundation.
Here are 9 key members and their salaries:
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- Compensation: $198,795
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- Other: $28,343
- Compensation: $130,783
- Related: $0
- Other: $10,937
Official website here: www.thebatterysf.com/batterypowered
Where can I find the form 990 for The Battery Foundation?
The Battery Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thebatterysf.com/batterypowered
Learn more at the official website: www.thebatterysf.com/batterypowered
Mission Statement of The Battery Foundation
The Battery Foundation, a renowned organization, is committed to boosting charitable contributions by facilitating connections between philanthropists and nonprofit organizations tackling some of society's most challenging issues. Its mission is centered around fostering a culture of generosity and supporting causes that address complex societal problems. By bridging the gap between wealthy individuals and nonprofits, The Battery Foundation aims to amplify the impact of charitable giving and contribute to meaningful societal change.
In 2022, The Battery Foundation demonstrated its commitment to this mission by providing donor education and distributing grants in various sectors. The organization showed particular interest in journalism and the media, housing and homelessness, and the future of food. Moreover, in response to the ongoing war in Ukraine, The Battery Foundation organized a pop-up education and fundraising event, demonstrating its adaptability and responsiveness to global crises. Additionally, the foundation reinstated its volunteer program, further emphasizing its dedication to making a positive impact on society.
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Impact
July, 2024
The Battery Foundation has made a significant impact by increasing charitable giving and connecting philanthropists to organizations and causes that are addressing some of society's most pressing challenges. In 2022, the foundation provided donor education and new grants in key areas such as journalism & the media, housing & homelessness, and the future of food. Additionally, they responded swiftly to the war in Ukraine with a pop-up education and fundraising event. The foundation also reinstated its volunteer program, further engaging the community in their mission. Based in San Francisco, CA, The Battery Foundation is dedicated to facilitating philanthropy and supporting initiatives that make a positive difference in the world.
This information is meant to be a general summary of The Battery 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: $11,859
- Gross Receipts: $3,829,282
Assets and Liabilities:
- Total Assets: $2,802,296
- Total Liabilities: $1,288,424
- Net Assets: $1,513,872
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Organization Details
Founding Year
2014
Phone
(415) 230-8000Principal Officer
Colleen Gregerson
Main Address
717 BATTERY STREET, SAN FRANCISCO, CA, 94111
NTEE Category
Code: T30 - Philanthropy
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