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Promise Foundation Of Barbour County Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 475478991 ✦ Philippi, WV ✦ Designated as a 501(c)(3)

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Overview

What is Promise Foundation Of Barbour County Inc?

Promise Foundation of Barbour County Inc. is a nonprofit organization situated in Philippi, West Virginia (WV 26416). Their primary focus is to construct, maintain, and manage an athletic facility for the community's enjoyment. This facility serves as a venue for school activities, generating revenue through admission fees and sponsorships. The foundation also offers a location for various community events and youth sports programs. By constructing an athletic complex, the organization aims to promote physical fitness and active lifestyles among the county's residents. Post-construction, the foundation takes responsibility for maintaining and managing the facility for community use and enjoyment.


Official website here: www.promisefoundationbc.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 90%, Four-Star out of Four Star rating

The Promise Foundation Of Barbour County Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong accountability and financial practices. The charity's overall score is determined solely by its impressive accountability and finance metrics, which indicate a well-managed organization, particularly in terms of asset management and program expenses.

Noteworthy strengths include a fully independent board, a solid liability-to-assets ratio, and exceptional program expense efficiency, with 99.95% of expenses going directly to programs. The organization also complies with essential transparency practices, such as having a conflict of interest policy and maintaining proper documentation of board meeting minutes.

However, it is important to note a limitation in the absence of a whistleblower policy, which could enhance organizational transparency and accountability further. Despite this, the overall evaluation suggests that the Promise Foundation is a trustworthy nonprofit committed to its mission and effectively managing its resources.


This AI summary has been generated from information found on Charity Navigator.

Is Promise Foundation Of Barbour County Inc legitimate?

Promise Foundation Of Barbour County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Promise Foundation Of Barbour County 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.promisefoundationbc.org

What is the mission statement of Promise Foundation Of Barbour County Inc?

The Promise Foundation of Barbour County Inc. is dedicated to encouraging physical fitness and an active lifestyle among its community members. To achieve this, the foundation plans to construct an athletic complex. Upon completion, the foundation will be responsible for maintaining and managing the facility, making it available for public use and enjoyment. The athletic complex will be utilized for various school activities, generating revenue through admission fees and sponsorships. Besides, the facility serves as a venue for numerous community events and youth sports programs.


Official website here: www.promisefoundationbc.org

Who is the CEO of Promise Foundation Of Barbour County Inc?

Will Gregory is the President of Promise Foundation Of Barbour County Inc.


Official website here: www.promisefoundationbc.org

What is the revenue of Promise Foundation Of Barbour County Inc?

Promise Foundation Of Barbour County Inc's revenue in 2022 was $8,631.


Official website here: www.promisefoundationbc.org

Who are the executives of Promise Foundation Of Barbour County Inc and what are their salaries?


Here are 5 key members and their salaries:


Will Gregory (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeff Woofter (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nick Mayle (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adam Starks (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Talbott (Officer At Larg)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.promisefoundationbc.org

Where can I find the form 990 for Promise Foundation Of Barbour County Inc?

Promise Foundation Of Barbour County Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.promisefoundationbc.org

Learn more at the official website: www.promisefoundationbc.org

Mission Statement of Promise Foundation Of Barbour County Inc

Promise Foundation of Barbour County Inc is committed to promoting physical fitness and an active lifestyle among the residents of their community. To achieve this, the foundation plans to construct an athletic complex. Upon completion, the foundation will assume the responsibility of maintaining and managing the facility, making it readily available for community use and enjoyment. The facility serves as a venue for various school activities, generating revenue through admission fees and sponsorships. Beyond school activities, the complex also serves as a location for numerous community events and youth sports programs, contributing to the overall well-being and engagement of the community.

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Impact




August, 2024

The Promise Foundation Of Barbour County Inc's impact lies in promoting physical fitness and active lifestyles among residents of the county. By constructing, maintaining, and managing an athletic complex for community enjoyment, the organization provides a vital space for school activities, community events, and youth sports programs. The facility not only generates revenue through admission fees and sponsorships to sustain itself but also serves as a hub for fostering a healthy and active community lifestyle.




This information is meant to be a general summary of Promise Foundation Of Barbour County 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.

Revenue
$8,631 (2022)
Expenses
$129,470 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $8,579
  • Gross Receipts: $8,631

Assets and Liabilities:

  • Total Assets: $2,456,575
  • Total Liabilities: $923,541
  • Net Assets: $1,533,034

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

ADMISSION/SPONSORSHIP

Revenue

$8,579

Organization Details

Founding Year

2016

Principal Officer

Will Gregory

Main Address

PO BOX 370, PHILIPPI, WV, 26416

NTEE Category

Code: P28 - Human services

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