Overview
What is Bellingrath-Morse Foundation?
The Bellingrath-Morse Foundation is a charitable organization based in Theodore, Alabama, specifically at 12401 Bellingrath Gardens Road. Its primary mission involves supporting the operation and maintenance of Bellingrath Gardens and Home, providing an educational and enjoyable experience for the public. Beyond this, the foundation also provides ongoing assistance to certain churches and colleges, as outlined in its organizational documents. The foundation serves as a source of financial aid for these institutions, contributing to their ongoing operations and growth.
Official website here: www.bellingrath.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
The Bellingrath-Morse Foundation has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its governance and transparency. The overall score is based entirely on its Accountability & Finance metrics, where the organization shows strengths in financial oversight and program expenses, allocating approximately 84% of its budget directly to programs.
However, the foundation has notable weaknesses, particularly in board independence, with no independent members, which raises questions about governance practices. Additionally, several key policies are missing, including a Whistleblower Policy and Document Retention and Destruction policy, which could affect accountability and transparency. Furthermore, the absence of posted financial documents on their website is a limitation that could hinder public trust.
Despite these issues, the foundation's financial stability appears solid, evidenced by a low liabilities to assets ratio and strong oversight of its financial statements. Overall, while the foundation demonstrates effective program spending, improvements in governance and transparency are essential for enhancing its rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Bellingrath-Morse Foundation legitimate?
Bellingrath-Morse Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bellingrath-Morse 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $117,450
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.bellingrath.org
What is the mission statement of Bellingrath-Morse Foundation?
The Bellingrath-Morse Foundation's mission is centered around supporting the operations and maintenance of Bellingrath Gardens and Home, providing a place of education and enjoyment for the general public. Additionally, the foundation offers continued support for certain colleges and churches, as outlined in its organizational documents. In essence, its role is to ensure the continuity of these educational and cultural institutions for the benefit of the public. The foundation achieves this by distributing a portion of its assets to these entities, contributing to their ongoing operations and development.
Official website here: www.bellingrath.org
Who is the CEO of Bellingrath-Morse Foundation?
Preston Bolt is the Trustee of Bellingrath-Morse Foundation.
Official website here: www.bellingrath.org
What is the revenue of Bellingrath-Morse Foundation?
Bellingrath-Morse Foundation's revenue in 2022 was $5,938,781.
Official website here: www.bellingrath.org
Who are the executives of Bellingrath-Morse Foundation and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $1,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $137,724
- Compensation: $0
- Related: $72,853
- Other: $7,049
- Compensation: $0
- Related: $134,111
- Other: $0
Official website here: www.bellingrath.org
Where can I find the form 990 for Bellingrath-Morse Foundation?
Bellingrath-Morse Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bellingrath.org
Learn more at the official website: www.bellingrath.org
Mission Statement of Bellingrath-Morse Foundation
The Bellingrath-Morse Foundation is committed to upholding its mission, which primarily revolves around the operation and maintenance of the Bellingrath Gardens and Home. This prestigious foundation aims to provide an educational and enjoyable experience for the general public, fostering a sense of community and learning through these iconic gardens and home. In addition to its dedication to the Bellingrath Gardens and Home, the foundation also extends its support to certain colleges and churches, in line with the provisions outlined in its organizational documents. By distributing a portion of its total return distributable amount from its trust, the Bellingrath-Morse Foundation plays an integral role in supporting these institutions, contributing to their continued growth and success.
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Impact
July, 2024
The Bellingrath-Morse Foundation has a significant impact on supporting the operations and maintenance of Bellingrath Gardens and Home, allowing for educational and enjoyable experiences for the general public. Additionally, the foundation provides continued support to specific colleges and churches as outlined in its organizational documents. By distributing funds to these institutions and maintaining the historic gardens and home, the foundation plays a crucial role in preserving cultural heritage and promoting art and education in Theodore, Alabama.
This information is meant to be a general summary of Bellingrath-Morse 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: $3,200,447
- Gross Receipts: $24,703,929
Assets and Liabilities:
- Total Assets: $90,894,971
- Total Liabilities: $94,318
- Net Assets: $90,800,653
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Organization Details
Founding Year
1950
Phone
(251) 438-8387Principal Officer
Preston Bolt
Main Address
12401 BELLINGRATH GARDENS ROAD, THEODORE, AL, 36582
Website
www.bellingrath.orgNTEE Category
Code: A800 - Arts
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