Overview
What is Bay Veterans Foundation?
The Bay Veterans Foundation, based in Essexville, Michigan, is a dedicated nonprofit organization. Its primary mission is to raise funds for the establishment and maintenance of a dedicated space, serving as a learning and activities center, catering specifically to United States armed forces veterans. The foundation actively supports and offers in-kind assistance to various military service organizations, demonstrating its commitment to enriching the lives of veterans.
Official website here: www.bayveteransfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%, Zero-Star out of Four Star rating.
The Bay Veterans Foundation has received a low rating primarily due to its accountability and finance metrics. The organization boasts a fully independent board with no material diversion of assets, which are positive aspects. However, significant deficiencies in governance policies, such as the absence of a conflict of interest policy and whistleblower policy, have negatively impacted its overall score.
The foundation's financial management is also concerning, with a low program expense ratio of 43.56%, indicating that a smaller portion of its expenditures goes directly to its programs. Additionally, the liabilities to assets ratio is extremely low at 0.06%, which raises red flags about its financial health. Overall, while there are strengths in board independence, the lack of essential governance policies and insufficient program spending are notable limitations for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Bay Veterans Foundation legitimate?
Bay Veterans Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bay Veterans 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.
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Official website here: www.bayveteransfoundation.org
What is the mission statement of Bay Veterans Foundation?
The Bay Veterans Foundation is committed to providing financial aid and in-kind assistance to veterans of the United States armed forces and associated military organizations. Their primary mission is to raise funds for the establishment and maintenance of a veterans' center that offers a space for learning and activities. This center aims to support the well-being and development of the veterans community. The foundation's activities are geared towards offering vital resources and assistance to these brave individuals, helping them transition back into civilian life more smoothly.
Official website here: www.bayveteransfoundation.org
Who is the CEO of Bay Veterans Foundation?
Keith Markstrom is the President of Bay Veterans Foundation.
Official website here: www.bayveteransfoundation.org
What is the revenue of Bay Veterans Foundation?
Bay Veterans Foundation's revenue in 2022 was $684,092.
Official website here: www.bayveteransfoundation.org
Who are the executives of Bay Veterans Foundation and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.bayveteransfoundation.org
Where can I find the form 990 for Bay Veterans Foundation?
Bay Veterans Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bayveteransfoundation.org
Learn more at the official website: www.bayveteransfoundation.org
Mission Statement of Bay Veterans Foundation
Bay Veterans Foundation is dedicated to offering financial aid and in-kind assistance to former members of the United States armed forces and related organizations. This nonprofit organization's primary mission is to provide support in various forms to veterans, aiming to make a positive impact on their lives. To fulfill this mission, Bay Veterans Foundation raises funds to establish and maintain a veterans' center, offering a space for learning and engaging in activities. This center serves as a vital resource for veterans, providing them with a supportive environment where they can connect with one another and access the resources they need to thrive. By offering financial assistance and in-kind support, Bay Veterans Foundation works tirelessly to improve the well-being of veterans and military organizations, honoring their service to the nation.
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Impact
July, 2024
Bay Veterans Foundation has a significant impact by providing crucial financial support and in-kind assistance to United States Armed Forces veterans and military service organizations. They raise funds with the purpose of developing and maintaining a Veterans Space/Learning and Activities Center in Essexville, MI. Through their philanthropic efforts, they directly support those who have served our country and contribute to the well-being of veterans and their communities.
This information is meant to be a general summary of Bay Veterans 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: $205
- Gross Receipts: $684,092
Assets and Liabilities:
- Total Assets: $1,209,248
- Total Liabilities: $1,870
- Net Assets: $1,207,378
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Organization Details
Founding Year
2015
Phone
(989) 892-4549Principal Officer
Keith Markstrom
Main Address
1383 N JONES ROAD, ESSEXVILLE, MI, 48732
NTEE Category
Code: T50 - Philanthropy
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