Overview
What is Needham B Broughton Capital Foundation?
The Needham B Broughton Capital Foundation is a nonprofit organization situated in Raleigh, North Carolina. Its primary mission is to enrich and enhance the lives of the faculty and students at Broughton High School, both currently and in the future. To achieve this, the foundation provides funding for proposals and programs that align with this goal. During the 2021-2022 academic school year, they supported a college counselor to aid students in their educational journey. The foundation's address is 723 St. Marys Street, Raleigh, NC 27605-1424.
Official website here: www.nbhscapitalfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star Rating)
The Needham B Broughton Capital Foundation has received a 76% rating from Charity Navigator, indicating a solid performance in accountability and finance. The rating is derived from a single beacon score focused on financial practices, suggesting the foundation maintains a high standard in this area.
The organization exemplifies strong governance with a completely independent board, achieving full marks for independence and board size. It has shown responsible management of assets with a zero percent liability-to-assets ratio and a high program expense ratio of 78.28%, indicating that the majority of its funds are directed towards its programs.
However, there are notable areas for improvement. The foundation lacks several key policies, including a conflict of interest policy and a whistleblower policy, both of which are critical for transparency and accountability. Addressing these gaps could further enhance the foundation's credibility and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Needham B Broughton Capital Foundation legitimate?
Needham B Broughton Capital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Needham B Broughton Capital 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.nbhscapitalfoundation.com
What is the mission statement of Needham B Broughton Capital Foundation?
The Needham B Broughton Capital Foundation's mission is centered around providing funding for proposals and programs that aim to enrich and enhance the lives of the faculty and students at Broughton High School, with the goal of benefiting them both now and in the future. This mission is carried out by supporting initiatives that enrich the educational experience and contribute to the overall well-being of the school community. During the 2021-2022 academic year, the foundation helped in the hiring of a college counselor, demonstrating its commitment to providing valuable resources for students.
Official website here: www.nbhscapitalfoundation.com
Who is the CEO of Needham B Broughton Capital Foundation?
Curtis C Brewer Iv is the Co-President of Needham B Broughton Capital Foundation.
Official website here: www.nbhscapitalfoundation.com
What is the revenue of Needham B Broughton Capital Foundation?
Needham B Broughton Capital Foundation's revenue in 2022 was $119,767.
Official website here: www.nbhscapitalfoundation.com
Who are the executives of Needham B Broughton Capital Foundation and what are their salaries?
There 20 volunteers at Needham B Broughton Capital Foundation.
Here are 13 key members and their salaries:
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Official website here: www.nbhscapitalfoundation.com
Where can I find the form 990 for Needham B Broughton Capital Foundation?
Needham B Broughton Capital Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nbhscapitalfoundation.com
Learn more at the official website: www.nbhscapitalfoundation.com
Mission Statement of Needham B Broughton Capital Foundation
The Needham B Broughton Capital Foundation is committed to enhancing and enriching the lives of the faculty and students at Broughton High School, aiming to make a positive impact both currently and in the future. To accomplish this mission, the foundation provides funding for various proposals and programs that align with this goal. During the 2021-2022 academic year, one of the initiatives the foundation supported was the addition of a college counselor, demonstrating its dedication to helping students prepare for their post-secondary education. By investing in programs and opportunities that enrich the learning experience, the Needham B Broughton Capital Foundation contributes to the overall development and success of the Broughton High School community.
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Impact
October, 2024
The Needham B Broughton Capital Foundation significantly enriches the educational environment at Broughton High School by providing essential funding for proposals and programs that directly benefit both faculty and students. One of its notable impacts was the support of a college counselor during the 2021-2022 academic school year, which helped enhance students' college readiness and access to higher education opportunities. By focusing on initiatives that elevate the overall educational experience, the foundation plays a vital role in shaping the future of the Broughton High School community in Raleigh, NC.
This information is meant to be a general summary of Needham B Broughton Capital 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: $106,951
- Gross Receipts: $219,299
Assets and Liabilities:
- Total Assets: $889,879
- Total Liabilities: $0
- Net Assets: $889,879
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Organization Details
Founding Year
2004
Phone
(919) 599-4292Principal Officer
Curtis C Brewer Iv
Main Address
723 ST MARYS STREET, RALEIGH, NC, 276051424
NTEE Category
Code: B11 - Education
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