Overview
What is Milwaukee Bucks Foundation Inc?
Milwaukee Bucks Foundation Inc is a nonprofit organization situated in Milwaukee, Wisconsin, specifically at 1543 N 2nd Street. Their primary focus is on enhancing the lives of youth and families in the state by concentrating on education, health, wellness, and community betterment. Through their initiatives, they aim to make a significant impact in these areas, working tirelessly to improve the overall quality of life for the community's younger generation and their families.
Official website here: www.nba.com/bucks/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating.
The Milwaukee Bucks Foundation Inc has achieved a Three-Star rating due to its solid performance in accountability and finance, reflected in a score of 86%. This rating indicates that the organization demonstrates good financial health and transparency, which is vital for donor confidence. The foundation has a majority independent board, with all members being independent, which strengthens governance.
Notably, the foundation shows a high program expense ratio of 97.76%, suggesting that a significant portion of its funds is directed towards its charitable activities. Additionally, the organization maintains a thorough audit process and has no reported material diversions of assets, enhancing its credibility. However, it lacks a whistleblower policy, which may be a concern regarding oversight and internal accountability.
Overall, the Milwaukee Bucks Foundation Inc shows commendable practices in managing its finances and governance, although the absence of a whistleblower policy highlights an area for potential improvement. The foundation's strong commitment to directing funds towards its programs reinforces its mission-driven approach to philanthropy.
This AI summary has been generated from information found on Charity Navigator.
Is Milwaukee Bucks Foundation Inc legitimate?
Milwaukee Bucks Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Milwaukee Bucks 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nba.com/bucks/foundation
What is the mission statement of Milwaukee Bucks Foundation Inc?
The Milwaukee Bucks Foundation Inc is committed to enhancing the lives of youth and families in Wisconsin. Their primary focus areas include youth education, health, wellness, and community betterment. Through their efforts, they strive to make significant improvements in these sectors, aiming to create a positive impact on the community as a whole. The foundation's mission is multifaceted, encompassing various initiatives to promote learning, health, and community development.
Official website here: www.nba.com/bucks/foundation
Who is the CEO of Milwaukee Bucks Foundation Inc?
Arvind Gopalratnam is the Board Chair of Milwaukee Bucks Foundation Inc.
Official website here: www.nba.com/bucks/foundation
What is the revenue of Milwaukee Bucks Foundation Inc?
Milwaukee Bucks Foundation Inc's revenue in 2022 was $863,348.
Official website here: www.nba.com/bucks/foundation
Who are the executives of Milwaukee Bucks Foundation Inc and what are their salaries?
There 15 volunteers at Milwaukee Bucks Foundation Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $150,895
- Other: $54,505
Official website here: www.nba.com/bucks/foundation
Where can I find the form 990 for Milwaukee Bucks Foundation Inc?
Milwaukee Bucks Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nba.com/bucks/foundation
Learn more at the official website: www.nba.com/bucks/foundation
Mission Statement of Milwaukee Bucks Foundation Inc
The Milwaukee Bucks Foundation Inc is committed to enhancing the lives of youth and families in Wisconsin. Their focus is primarily on four key areas: education, health, wellness, and community betterment. The organization strives to make a significant impact in these areas, aiming to improve the overall quality of life for the people they serve.
In the realm of education, the Milwaukee Bucks Foundation Inc is dedicated to empowering young minds. They believe that a strong educational foundation is crucial for personal growth and future success. Through their initiatives, they aim to provide opportunities that foster learning and development.
In terms of health and wellness, the foundation is passionate about promoting physical and mental well-being. They recognize the importance of maintaining good health, both for individuals and for communities as a whole. By focusing on this area, they hope to support individuals in leading healthier, more fulfilling lives.
Lastly, the Milwaukee Bucks Foundation Inc is committed to improving their community. They recognize the power of community engagement and the role it plays in creating a strong, supportive environment. Through their community betterment initiatives, they aim to foster a sense of unity and engagement, helping to build a better future for all.
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Impact
July, 2024
The Milwaukee Bucks Foundation Inc is dedicated to improving the quality of life for youth and families in Wisconsin, with a strong focus on youth education, health, wellness, and community betterment. Through its initiatives and programs, the foundation plays a significant role in addressing various needs within the community and positively impacting the lives of many individuals. Its mission to enhance the well-being of youth and families in the state showcases the foundation's commitment to making a tangible difference in important areas such as education and health.
This information is meant to be a general summary of Milwaukee Bucks 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: $69,172
- Gross Receipts: $1,269,808
Assets and Liabilities:
- Total Assets: $733,262
- Total Liabilities: $392,000
- Net Assets: $341,262
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Organization Details
Founding Year
2014
Phone
(414) 227-0500Principal Officer
Arvind Gopalratnam
Main Address
1543 N 2ND STREET, MILWAUKEE, WI, 53213
Website
www.nba.com/bucks/foundationNTEE Category
Code: P20 - Human services
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