Overview
What is Blue Grass Community Foundation Inc?
Blue Grass Community Foundation Inc, established in 1967, is a charitable organization based in Lexington, Kentucky. With a team of 13 employees, the foundation aims to enhance the quality of life in the Bluegrass region by fostering charitable giving and addressing critical community issues. This year, the foundation granted over 3,000 times to more than 1,000 nonprofit organizations and 120 scholarship recipients, all for charitable, religious, scientific, literary, or educational purposes. Currently, they manage over 800 charitable funds, each set up to support causes that matter to their donors and their communities.
Official website here: www.bgcf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating
Blue Grass Community Foundation Inc has achieved a perfect score of 100%, reflecting its strong emphasis on accountability and financial management. This high rating is particularly significant as it suggests that the organization operates with a high level of transparency and integrity, which is crucial for fostering trust among donors and the community it serves.
The foundation boasts an entirely independent board of 18 members, contributing positively to its governance. Key policies regarding conflict of interest and whistleblower protections are well-documented, and the organization has no record of asset diversion, demonstrating its commitment to ethical practices. Additionally, the foundation allocates a significant portion of its resources—93.90%—to program expenses, indicating a focus on impactful initiatives rather than administrative costs.
However, while the organization excels in many areas, it does have a low fundraising efficiency ratio, which may suggest that it spends more on fundraising relative to the donations received. Despite this, the organization's strong financial health, as evidenced by its low liabilities to assets ratio and ample working capital, positions it well for sustained operations and growth.
This AI summary has been generated from information found on Charity Navigator.
Is Blue Grass Community Foundation Inc legitimate?
Blue Grass Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Blue Grass Community 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: $416,170
Professional Fundraising Fees: $0
Other Salaries and Wages: $682,119
For more financial information, click here
Official website here: www.bgcf.org
What is the mission statement of Blue Grass Community Foundation Inc?
Blue Grass Community Foundation, established in 1967, aims to enhance the quality of life in the community by boosting charitable giving and addressing crucial community issues. This year, the foundation made over 3,000 grants, benefiting more than 1,000 nonprofit organizations and over 120 scholarship recipients. All grants were exclusively used for charitable, religious, scientific, literary, or educational purposes. Currently, the foundation manages over 800 charitable funds, each established to support causes dear to donors and their communities.
Official website here: www.bgcf.org
Who is the CEO of Blue Grass Community Foundation Inc?
Lisa Adkins is the Director of Blue Grass Community Foundation Inc. The CEO's salary of Blue Grass Community Foundation Inc is $206,638 and their total compensation is $227,942.
Official website here: www.bgcf.org
What is the revenue of Blue Grass Community Foundation Inc?
Blue Grass Community Foundation Inc's revenue in 2022 was $57,304,796.
Official website here: www.bgcf.org
Who are the executives of Blue Grass Community Foundation Inc and what are their salaries?
The average compensation at Blue Grass Community Foundation Inc during 2022 was $84,484. There are 13 employees and 75 volunteers at Blue Grass Community Foundation Inc.
Here are 21 key members and their salaries (Blue Grass Community Foundation Inc's CEO's salary is $206,638 and their total compensation is $227,942):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $206,638
- Related: $0
- Other: $21,304
- Compensation: $135,700
- Related: $0
- Other: $20,197
Official website here: www.bgcf.org
Where can I find the form 990 for Blue Grass Community Foundation Inc?
Blue Grass Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bgcf.org
Learn more at the official website: www.bgcf.org
Mission Statement of Blue Grass Community Foundation Inc
Blue Grass Community Foundation, established in 1967, is a mission-driven organization dedicated to enhancing the quality of life in the Bluegrass region. The community foundation fulfills this commitment by increasing charitable giving and championing critical community issues. With over 3,000 grants distributed during the fiscal year, the organization impacted more than 1,000 nonprofit organizations and 120 scholarship recipients. All grants provided were solely for charitable, religious, scientific, literary, or educational purposes. Blue Grass Community Foundation currently manages over 800 charitable funds, each established to support causes important to donors and their respective communities. By leading the charge in charitable giving, the foundation plays a pivotal role in addressing the unique needs of the region and fostering a thriving community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Blue Grass Community Foundation Inc has significantly enhanced the quality of life in the Bluegrass region since its establishment in 1967. By focusing on increasing charitable giving and addressing critical community issues, it has become a pivotal force in local philanthropy. In the past fiscal year alone, over 3,000 grants were awarded, positively impacting more than 1,000 organizations and benefiting over 120 scholarship recipients.
The foundation administers more than 800 charitable funds, allowing individuals and groups to support various causes that matter to them. All grants are directed towards charitable, religious, scientific, literary, or educational purposes, ensuring that philanthropic efforts align with community needs. This commitment to grantmaking not only fosters a culture of giving but also strengthens the fabric of the Bluegrass region by addressing essential social issues and supporting numerous vital initiatives.
This information is meant to be a general summary of Blue Grass Community 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: $11,808,525
- Program Service Revenue: $2,019,463
- Gross Receipts: $87,777,090
Assets and Liabilities:
- Total Assets: $187,166,931
- Total Liabilities: $18,716,051
- Net Assets: $168,450,880
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
COMMUNITY SUPPORT FEES
Revenue
$2,019,463
Organization Details
Founding Year
1967
Phone
(859) 225-3343Principal Officer
Lisa Adkins
Main Address
499 EAST HIGH STREET 112, LEXINGTON, KY, 40507
Website
www.bgcf.orgNTEE Category
Code: T31Z - Philanthropy
If you are a representative of Blue Grass Community Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.