Overview
What is Big Rock Foundation Inc?
Big Rock Foundation Inc, located in Morehead City, North Carolina, is a nonprofit organization committed to raising funds for charities and community projects. Their primary mission involves promoting conservation among sports fishermen, preserving maritime culture and heritage, and fostering marine education. In their 2021-2022 fiscal year, Big Rock Foundation donated a substantial amount of $79,500 to various local charities across Carteret County and North Carolina. Among these recipients was the North Carolina Symphony, which received $17,500 to deliver performances for elementary school children in Carteret County schools. The organization also supported the North Carolina Agricultural Foundation with a $10,000 grant, utilizing the funds to promote agricultural farming and fishing throughout the state. Other organizations, such as the East Carolina Boy Scouts and Broad Street Clinic, were awarded $7,500 each to aid in their annual budgeting programs.
Official website here: www.bigrockfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Big Rock Foundation Inc has received a two-star rating from Charity Navigator, indicating that it needs improvement in its accountability and finance practices. With an overall score of 69%, the organization shows strengths in governance, such as having a majority independent board and a positive liabilities to assets ratio, suggesting sound financial health. However, the lack of transparency in financial statements is a significant area of concern.
The foundation scored poorly in several key areas related to accountability, including the absence of a conflict of interest policy and a whistleblower policy. These shortcomings may raise questions about the organization's commitment to ethical governance. Additionally, the failure to post its tax forms on its website further detracts from its transparency efforts.
While the program expense ratio indicates that a significant portion of resources is directed towards its mission, the overall concerns regarding financial disclosures and governance practices highlight the need for enhancements to ensure greater trust and accountability among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Big Rock Foundation Inc legitimate?
Big Rock Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Big Rock 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: $77,902
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Official website here: www.bigrockfoundation.org
What is the mission statement of Big Rock Foundation Inc?
The Big Rock Foundation Inc's primary objective is to raise funds for charities and worthy community projects. Its mission is focused on promoting conservation among sports fishermen, preserving maritime culture and heritage, and fostering marine education. The organization utilizes these funds to support various charities, contributing $79,500 to a diverse range of organizations in Carteret County and North Carolina during the 2021-2022 financial year. The North Carolina Symphony, its largest recipient, received $17,500, which they use to perform for elementary school children in Carteret County. The foundation also provided support to the North Carolina Agricultural Foundation, to promote agricultural farming and fishing, and donated funds to other organizations like the East Carolina Boy Scouts and the Broad Street Clinic to assist with their annual budgeting programs.
Official website here: www.bigrockfoundation.org
Who is the CEO of Big Rock Foundation Inc?
Tommy Bennett is the Director of Big Rock Foundation Inc.
Official website here: www.bigrockfoundation.org
What is the revenue of Big Rock Foundation Inc?
Big Rock Foundation Inc's revenue in 2022 was $2,403,434.
Official website here: www.bigrockfoundation.org
Who are the executives of Big Rock Foundation Inc and what are their salaries?
Here are 18 key members and their salaries:
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Official website here: www.bigrockfoundation.org
Where can I find the form 990 for Big Rock Foundation Inc?
Big Rock Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bigrockfoundation.org
Learn more at the official website: www.bigrockfoundation.org
Mission Statement of Big Rock Foundation Inc
Big Rock Foundation Inc, as a charitable organization, has a primary mission to raise funds for worthy community projects and charities. This mission is centered around promoting conservation among sports fishermen, preserving maritime culture and heritage, and fostering marine education. The organization's goal is to contribute to various community endeavors that align with these objectives.
In specific terms, Big Rock Foundation Inc aims to support conservation efforts among sports fishermen, a group that plays a significant role in marine environments. The organization also seeks to protect and preserve maritime culture and heritage, recognizing their importance in shaping communities and identities. Furthermore, Big Rock Foundation Inc is committed to promoting marine education, recognizing its crucial role in fostering awareness and appreciation for marine ecosystems.
The organization's activities are reflected in its donations to a diverse range of charities. For instance, the North Carolina Symphony was one of its largest recipients in the 2021-2022 fiscal year, receiving $17,500. These funds were used to perform before elementary school children in Carteret County schools, contributing to their education and appreciation of music. Additionally, Big Rock Foundation Inc awarded funds to the North Carolina Agricultural Foundation, which utilized them to promote agricultural farming and fishing throughout North Carolina. Other organizations such as the East Carolina Boy Scouts and the Broad Street Clinic also received funds to support their annual budgeting programs.
In summary, Big Rock Foundation Inc is a charitable organization dedicated to raising funds for community projects and charities. Its mission is centered around promoting conservation among sports fishermen, preserving maritime culture and heritage, and fostering marine education. The organization's activities are reflected in its diverse range of charitable donations, which support various community endeavors in alignment with these objectives.
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Impact
July, 2024
Big Rock Foundation Inc has made a significant impact by raising funds for charities and worthy community projects. In the last fiscal year, the organization was able to donate $79,500 to local core charities, benefiting a diverse group of organizations throughout Carteret County and North Carolina. Notably, the foundation supported initiatives such as bringing the NC Symphony to perform before elementary children in Carteret County schools, promoting agricultural farming and fishing in North Carolina through the NC Agricultural Foundation, and assisting programs of organizations like the East Carolina Boy Scouts and the Broad Street Clinic. Big Rock Foundation Inc's focus on conservation among sports fishermen, preservation of maritime culture and heritage, and promotion of marine education underscores its commitment to philanthropy and community betterment.
This information is meant to be a general summary of Big Rock 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: $76,366
- Gross Receipts: $3,036,817
Assets and Liabilities:
- Total Assets: $4,292,311
- Total Liabilities: $25,731
- Net Assets: $4,266,580
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Organization Details
Founding Year
1999
Phone
(252) 247-3575Principal Officer
Tommy Bennett
Main Address
710 EVANS ST, MOREHEAD CITY, NC, 285574222
Website
www.bigrockfoundation.orgNTEE Category
Code: T30 - Philanthropy
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