Overview
What is First Presbyterian Foundation Of Boca Raton Inc?
First Presbyterian Foundation Of Boca Raton Inc is a nonprofit organization situated in Boca Raton, Florida. Their primary mission is to provide scholarships for students pursuing education in the fields of medicine or theology, specifically at seminary. Additionally, they offer financial assistance to Grace Community Church of Boca Raton, Inc., contributing to its support and maintenance. The foundation's address is 600 W Camino Real.
Official website here: www.gracebocafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The First Presbyterian Foundation of Boca Raton Inc has received a rating of 76%, indicating a solid performance in terms of accountability and finance. The organization has demonstrated strong governance practices by achieving full scores in several key areas, including having a majority of independent board members and effectively documenting board meeting minutes. This level of governance suggests a commitment to transparency and responsible management.
Strengths of the organization include its high scores in the material diversion of assets and liabilities to assets ratio, which reflect sound financial health and operational integrity. Additionally, the Program Expense Ratio stands at 25 out of 25 points, indicating that the foundation effectively allocates its funds towards its programs.
However, while the organization has shown commendable strengths in governance and financial management, the overall rating suggests there may be areas for improvement to achieve higher standards. Continuous efforts in transparency and program effectiveness could enhance its reputation and impact within the community.
This AI summary has been generated from information found on Charity Navigator.
Is First Presbyterian Foundation Of Boca Raton Inc legitimate?
First Presbyterian Foundation Of Boca Raton Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. First Presbyterian Foundation Of Boca Raton 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:
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Official website here: www.gracebocafoundation.org
What is the mission statement of First Presbyterian Foundation Of Boca Raton Inc?
The First Presbyterian Foundation of Boca Raton Inc is committed to providing scholarships to students, primarily in the fields of medicine or theological training at a seminary. Additionally, the foundation supports and contributes to the maintenance of Grace Community Church of Boca Raton Inc. In essence, the foundation's mission is to contribute to the educational growth of students and the upkeep of the church community.
Official website here: www.gracebocafoundation.org
Who is the CEO of First Presbyterian Foundation Of Boca Raton Inc?
Ann Degenhart is the President of First Presbyterian Foundation Of Boca Raton Inc.
Official website here: www.gracebocafoundation.org
What is the revenue of First Presbyterian Foundation Of Boca Raton Inc?
First Presbyterian Foundation Of Boca Raton Inc's revenue in 2022 was -$13,600.
Official website here: www.gracebocafoundation.org
Who are the executives of First Presbyterian Foundation Of Boca Raton Inc and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.gracebocafoundation.org
Where can I find the form 990 for First Presbyterian Foundation Of Boca Raton Inc?
First Presbyterian Foundation Of Boca Raton Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gracebocafoundation.org
Learn more at the official website: www.gracebocafoundation.org
Mission Statement of First Presbyterian Foundation Of Boca Raton Inc
The First Presbyterian Foundation of Boca Raton Inc is committed to two primary objectives. Firstly, it provides scholarships to aid students in their educational pursuits, particularly in the fields of medicine or theological training at seminary. This initiative aims to support the intellectual growth and future careers of numerous individuals.
Secondly, the foundation contributes to the maintenance and upkeep of Grace Community Church of Boca Raton, Inc. This involvement in the church community demonstrates a strong commitment to providing spiritual support and fostering a nurturing environment. Overall, the First Presbyterian Foundation of Boca Raton Inc plays a significant role in empowering students through education and strengthening the religious community.
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Impact
October, 2024
First Presbyterian Foundation Of Boca Raton Inc significantly impacts the community by providing vital scholarships to students pursuing education in medicine or theological training at seminary. This financial support enables aspiring medical professionals and future religious leaders to pursue their educational goals without the heavy burden of financial constraints. Additionally, the foundation aids Grace Community Church of Boca Raton, ensuring its ongoing support and maintenance, which in turn fosters a spiritual and community hub for local residents. Through these initiatives, the foundation promotes educational advancement and spiritual growth, enriching the overall fabric of the Boca Raton community.
This information is meant to be a general summary of First Presbyterian Foundation Of Boca Raton 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: -$15,651
- Gross Receipts: $1,313,541
Assets and Liabilities:
- Total Assets: $3,061,217
- Total Liabilities: $0
- Net Assets: $3,061,217
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Organization Details
Founding Year
1977
Phone
(561) 395-2811Principal Officer
Ann Degenhart
Main Address
600 W CAMINO REAL, BOCA RATON, FL, 33486
Website
www.gracebocafoundation.orgNTEE Category
Code: X11 - Religion related
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