Overview
What is Baltimore Civic Fund Inc?
The Baltimore Civic Fund Inc is a local nonprofit organization dedicated to enhancing community welfare in Baltimore City. They focus on providing opportunities for youth aged 14 to 21 by connecting them with employers for summer jobs, enabling them to earn wages and acquire essential skills. Additionally, the foundation supports various athletic initiatives and maintains athletic facilities for the use of local organizations and residents.
Official website here: www.baltimorecivicfund.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 89%, Three-Star out of Four Star rating.
The Baltimore Civic Fund Inc has received a strong rating of 89%, indicating a solid performance in both accountability and financial management. With a high program expense ratio of nearly 93%, the organization demonstrates a commitment to using its resources effectively to advance its mission. Additionally, it excels in feedback collection, usage, and practices, showcasing a robust framework for community engagement and responsiveness.
While the organization shines in many areas, it faces some challenges, particularly reflected in its working capital ratio of 0.44 years, suggesting potential liquidity concerns. The liabilities to assets ratio of 53.23% indicates a moderate level of debt relative to its assets, which could be a point of caution for stakeholders assessing financial stability. Nevertheless, strong scores in equity strategies and community culture highlight its dedication to inclusivity and impact.
Overall, the Baltimore Civic Fund Inc stands out for its transparency and community engagement, but it may need to address its financial health to ensure long-term sustainability and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Baltimore Civic Fund Inc legitimate?
Baltimore Civic Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Baltimore Civic Fund 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: $174,096
Professional Fundraising Fees: $0
Other Salaries and Wages: $476,023
For more financial information, click here
Official website here: www.baltimorecivicfund.org
What is the mission statement of Baltimore Civic Fund Inc?
The Baltimore City Foundation is dedicated to enhancing community welfare in a local area. Through its efforts, the organization facilitates summer job opportunities for Baltimore City youth, aged 14 to 21, enabling them to earn wages and acquire essential skills. This initiative fosters their personal growth and integration into the workforce. Additionally, the foundation finances various athletic programs and maintains athletic facilities. By doing so, it caters to the needs of diverse organizations and citizens, promoting a more active and engaged community. The Baltimore City Foundation serves a vital role in fostering the development of young people and improving the overall wellbeing of its community.
Official website here: www.baltimorecivicfund.org
Who is the CEO of Baltimore Civic Fund Inc?
Hyesook Chung is the Board Presid of Baltimore Civic Fund Inc.
Official website here: www.baltimorecivicfund.org
What is the revenue of Baltimore Civic Fund Inc?
Baltimore Civic Fund Inc's revenue in 2022 was $20,554,138.
Official website here: www.baltimorecivicfund.org
Who are the executives of Baltimore Civic Fund Inc and what are their salaries?
The average compensation at Baltimore Civic Fund Inc during 2022 was $23,219. There are 28 employees at Baltimore Civic Fund Inc.
Here are 7 key members and their salaries:
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- Compensation: $174,095
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- Other: $13,911
Official website here: www.baltimorecivicfund.org
Where can I find the form 990 for Baltimore Civic Fund Inc?
Baltimore Civic Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.baltimorecivicfund.org
Learn more at the official website: www.baltimorecivicfund.org
Mission Statement of Baltimore Civic Fund Inc
The Baltimore City Foundation, a local community welfare organization, is dedicated to enhancing the wellbeing of Baltimore City's youth between the ages of 14 and 21. By bridging the gap between young people and public and private sector employers, the foundation facilitates the provision of summer jobs for these individuals. This not only offers them an opportunity to earn wages but also allows them to gain essential skills that will benefit them in their future endeavors.
Moreover, the Baltimore City Foundation takes an active role in funding and maintaining athletic activities and facilities. These resources cater to organizations and citizens within the city, fostering a healthy and engaged community. By investing in athletic programs, the foundation promotes physical activity, social interaction, and personal development among the city's youth. Additionally, the Baltimore City Foundation's commitment to community welfare extends beyond the realm of employment and athletics, as it continues to strive for the overall betterment of Baltimore City's residents.
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Impact
October, 2024
Baltimore Civic Fund Inc significantly contributes to local community welfare by focusing on youth engagement and employment opportunities. By connecting Baltimore City youth aged 14-21 with both public and private sector employers, it facilitates summer job placements that allow young people to earn wages while developing essential skills. This initiative not only provides financial support but also fosters professional growth and prepares participants for future career opportunities.
Additionally, the fund invests in various athletic activities and maintains essential athletic facilities, promoting physical health and community engagement among residents. This dual focus on employment and athletics helps build a stronger, more connected community, ultimately enhancing the quality of life for citizens in Baltimore. Through these efforts, Baltimore Civic Fund Inc creates pathways for youth empowerment and fosters a culture of active participation and well-being within the city.
This information is meant to be a general summary of Baltimore Civic Fund 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.
- Gross Receipts: $20,554,138
Assets and Liabilities:
- Total Assets: $21,761,991
- Total Liabilities: $11,473,969
- Net Assets: $10,288,022
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Organization Details
Founding Year
1981
Phone
(443) 540-6113Principal Officer
Hyesook Chung
Main Address
1 NORTH CHARLES STREET SUITE 1600, BALTIMORE, MD, 21201
Website
www.baltimorecivicfund.orgNTEE Category
Code: T11 - Philanthropy
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