Overview
What is Bacot Foundation Of South Mississippi?
The Bacot Foundation of South Mississippi, situated in Pascagoula, Mississippi, is a nonprofit organization dedicated to fostering philanthropy. With a primary focus on youth, education, and cultural arts, the foundation grants funds to deserving causes. In addition to this, they offer donor services and actively promote and provide leadership in response to the Gulf Coast region's evolving needs. The foundation, with a modest team of three individuals, strives to make a positive impact in its community.
Official website here: www.bacotmccarty.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, Two-Star out of Four Star Rating
The Bacot Foundation of South Mississippi has received a 69% rating from Charity Navigator, reflecting a Two-Star designation. This rating indicates that while the organization demonstrates some strengths in accountability and finance, there are areas needing improvement. The foundation has an independent board comprised of eight members, showcasing a commitment to governance, and has a solid financial structure with a favorable liabilities to assets ratio.
Key financial indicators are promising, including a program expense ratio of 25%, which signifies a substantial portion of funds directed towards program services. Additionally, the foundation maintains transparency by documenting board meeting minutes and ensuring its website is listed on tax forms. However, the overall score suggests that there may be inefficiencies or areas for growth in its operations.
Despite the strong governance features and sound financial management practices, potential donors and stakeholders might want to consider the foundation's overall rating when evaluating its effectiveness and impact in the community. It is advisable for the organization to address any weaknesses to enhance its standing in future assessments.
This AI summary has been generated from information found on Charity Navigator.
Is Bacot Foundation Of South Mississippi legitimate?
Bacot Foundation Of South Mississippi is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bacot Foundation Of South Mississippi 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: $96,042
Professional Fundraising Fees: $0
Other Salaries and Wages: $85,609
For more financial information, click here
Official website here: www.bacotmccarty.org
What is the mission statement of Bacot Foundation Of South Mississippi?
The Bacot Foundation of South Mississippi's primary mission is to stimulate philanthropy by providing grants to deserving causes, especially in the areas of youth, education, and the cultural arts. Their role also includes offering donor services and showcasing leadership in response to the evolving needs of the Gulf Coast region. The foundation's ultimate goal is to encourage charitable giving and contribute positively to the community's development.
Official website here: www.bacotmccarty.org
Who is the CEO of Bacot Foundation Of South Mississippi?
Todd Trenchard is the Director of Bacot Foundation Of South Mississippi.
Official website here: www.bacotmccarty.org
What is the revenue of Bacot Foundation Of South Mississippi?
Bacot Foundation Of South Mississippi's revenue in 2023 was $615,646.
Official website here: www.bacotmccarty.org
Who are the executives of Bacot Foundation Of South Mississippi and what are their salaries?
The average compensation at Bacot Foundation Of South Mississippi during 2023 was $60,550. There are 3 employees at Bacot Foundation Of South Mississippi.
Here are 18 key members and their salaries:
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Official website here: www.bacotmccarty.org
Where can I find the form 990 for Bacot Foundation Of South Mississippi?
Bacot Foundation Of South Mississippi's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bacotmccarty.org
Learn more at the official website: www.bacotmccarty.org
Mission Statement of Bacot Foundation Of South Mississippi
The Bacot Foundation of South Mississippi is dedicated to advancing philanthropy by providing grants to deserving causes, with a consistent emphasis on youth, education, and the cultural arts. Beyond offering donor services, the foundation also strives to lead and respond proactively to the evolving needs of the Gulf Coast region. By focusing on these areas, the Bacot Foundation aims to foster growth and improve the well-being of its community.
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Impact
July, 2024
The Bacot Foundation Of South Mississippi's impact is seen through its focus on youth, education, and the cultural arts in the Gulf Coast region. By making grants to worthy causes and providing donor services, the foundation is increasing philanthropy and responding to the changing needs of the community. Its efforts in promoting and providing leadership contribute significantly to the well-being and development of the region.
This information is meant to be a general summary of Bacot Foundation Of South Mississippi. 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 2023.
- Investment Income: $2,459
- Gross Receipts: $712,294
Assets and Liabilities:
- Total Assets: $894,280
- Total Liabilities: $15,524
- Net Assets: $878,756
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Organization Details
Founding Year
2005
Phone
(228) 217-5791Principal Officer
Todd Trenchard
Main Address
1502 JACKSON AVENUE, PASCAGOULA, MS, 39567
Website
www.bacotmccarty.orgNTEE Category
Code: T31 - Philanthropy
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