Overview
What is Tb12 Foundation Inc?
Tb12 Foundation Inc, based in Foxboro, Massachusetts, is a nonprofit organization that focuses on supporting at-risk individuals, particularly high school and college athletes, military service members, and first responders. They do this through a scholarship program, providing innovative health and wellness resources. In addition, they collaborate with schools and other nonprofit organizations with similar goals to support students in their educational and physical activities, aiming to establish lifelong healthy habits. The foundation's mission is to educate and inspire these individuals to excel in both sports and life, offering access to athletic, rehabilitation, and nutrition resources to help them overcome economic or health-related challenges and achieve their performance and life goals, thereby enhancing their longevity and preventing injuries. The foundation is staffed by a team of 3 dedicated individuals.
Official website here: www.tb12foundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95%, Four-Star out of Four Stars
The Tb12 Foundation Inc has received a high rating of 95% from Charity Navigator, reflecting its strong overall performance in accountability and finance. This rating is a significant indicator of the organization's commitment to transparency and effective financial management. The foundation has achieved a perfect score in areas such as its independent board structure and financial oversight, which are critical for building trust with donors and stakeholders.
One of the key strengths of the Tb12 Foundation is its strong oversight mechanisms, evidenced by their independent board members constituting 83% of its board, and the implementation of various policies, such as conflict of interest and whistleblower protections. The foundation’s commitment to maintaining low liabilities relative to its assets further demonstrates its financial stability.
However, while the organization has a commendable program expense ratio of 69.31%, indicating a significant portion of its expenses is directed towards programs, there is still room for improvement in optimizing resources for maximum impact. Overall, the Tb12 Foundation's high rating underscores its effective governance and responsible financial practices, making it a trustworthy nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Tb12 Foundation Inc legitimate?
Tb12 Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tb12 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $125,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,310
For more financial information, click here
Official website here: www.tb12foundation.org
What is the mission statement of Tb12 Foundation Inc?
The Tb12 Foundation Inc's mission is centered around educating and inspiring athletes to excel in both their sports and personal lives. They offer access to athletic, rehabilitation, and nutrition resources to athletes who face economic or health-related challenges, enabling them to achieve their performance and life goals. The foundation aims to educate athletes on how to improve their longevity, prevent injuries, and maintain their passion for sports for a longer period. By providing these services, the Tb12 Foundation Inc helps athletes enhance their performance and longevity on the field, court, track, or course.
Official website here: www.tb12foundation.org
Who is the CEO of Tb12 Foundation Inc?
Lisa Borges is the President/Director of Tb12 Foundation Inc.
Official website here: www.tb12foundation.org
What is the revenue of Tb12 Foundation Inc?
Tb12 Foundation Inc's revenue in 2022 was $810,704.
Official website here: www.tb12foundation.org
Who are the executives of Tb12 Foundation Inc and what are their salaries?
The average compensation at Tb12 Foundation Inc during 2022 was $44,770. There are 3 employees and 40 volunteers at Tb12 Foundation Inc.
Here are 8 key members and their salaries:
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- Related: $494,419
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- Compensation: $120,193
- Related: $0
- Other: $0
Official website here: www.tb12foundation.org
Where can I find the form 990 for Tb12 Foundation Inc?
Tb12 Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tb12foundation.org
Learn more at the official website: www.tb12foundation.org
Mission Statement of Tb12 Foundation Inc
The TB12 Foundation Inc is committed to educating and inspiring athletes to excel both in their sports and in their lives. Their mission is to provide access to athletic, rehabilitation, and nutrition resources. This empowerment is particularly aimed at those who may be at risk due to economic or health-related challenges, enabling them to achieve their performance and life goals. The foundation's services aim to educate athletes on improving longevity, preventing injuries, and enhancing their skills, allowing them to perform better and for longer on the field, court, track, or course. By doing so, the TB12 Foundation Inc seeks to help athletes overcome obstacles and reach their full potential.
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Impact
July, 2024
Tb12 Foundation Inc's impact lies in its dedication to educating and inspiring athletes to excel not just in sports but in life as well. By providing innovative health and wellness resources, the foundation supports at-risk individuals, including high school and college athletes, military service members, and first responders through its scholarship program. Additionally, Tb12 Foundation Inc partners with schools and other organizations with similar goals to support students with educational and physical activities aimed at improving their overall health and establishing lifelong healthy habits. Through these efforts, Tb12 Foundation Inc aims to empower individuals facing economic or health-related obstacles to reach their performance and life goals, improve longevity, prevent injuries, and continue pursuing what they love in sports and life.
This information is meant to be a general summary of Tb12 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 2022.
- Investment Income: $8
- Gross Receipts: $897,308
Assets and Liabilities:
- Total Assets: $1,274,476
- Total Liabilities: $61,824
- Net Assets: $1,212,652
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Organization Details
Founding Year
2015
Phone
(508) 543-4900Principal Officer
Lisa Borges
Main Address
240 PATRIOT PLACE, FOXBORO, MA, 02035
Website
www.tb12foundation.orgNTEE Category
Code: E60 - Health
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