Overview
What is Kiwanis Club Of Bradenton Foundation Inc?
The Kiwanis Club of Bradenton Foundation Inc, situated in Bradenton, Florida, operates as a charitable organization that adheres to the principles and ideals of Kiwanis International. Its primary objective is to contribute to the betterment of people's lives in Florida by funding charitable initiatives of the Kiwanis Club of Bradenton. The foundation accepts donations, manages the resulting investments, and distributes the income to support underprivileged individuals, with a special focus on young people, in achieving vocational excellence. It also aids handicapped individuals in regaining fulfilling lives, either directly or by financing other qualified organizations that share similar goals within the spirit of Section 501(C)(3) of the Internal Revenue Code. The foundation's mission extends to assisting at-risk families, particularly young people, by making direct donations to Section 501(C)(3) organizations.
Official website here: www.bradentonkiwanis.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating
The Kiwanis Club of Bradenton Foundation Inc has received a commendable score of 88%, reflecting a strong emphasis on accountability and finance. This rating is characterized by a perfect score for independent board members and financial statement audits, indicating a well-governed organization. Their impressive program expense ratio of 91.44% suggests that the majority of their funds are directed towards their programs rather than administrative costs.
Despite these strengths, the organization is noted to have some areas for improvement. Specifically, they are missing a whistleblower policy, document retention and destruction policy, and their tax form is not posted on their website. These omissions could be viewed as shortcomings in transparency and governance practices, which are essential for building trust with donors and the community.
Overall, while the Kiwanis Club of Bradenton Foundation demonstrates strong financial accountability and program efficiency, addressing the noted policy gaps could further enhance their operational integrity and public confidence in their mission.
This AI summary has been generated from information found on Charity Navigator.
Is Kiwanis Club Of Bradenton Foundation Inc legitimate?
Kiwanis Club Of Bradenton Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kiwanis Club Of Bradenton 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: $3,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.bradentonkiwanis.org
What is the mission statement of Kiwanis Club Of Bradenton Foundation Inc?
The Kiwanis Club of Bradenton Foundation Inc's mission is to operate a charitable foundation, accepting donations and managing the investments derived from them. The income generated from these investments is then utilized to assist disadvantaged individuals, with a special focus on at-risk families, particularly young people. The foundation aims to help these individuals in attaining vocational excellence and aids handicapped persons in regaining happy, useful lives. This is accomplished either directly or by providing funds to other qualified organizations that serve charitable, educational, religious, or other public purposes, as per Section 501(C)(3) of the Internal Revenue Code.
Official website here: www.bradentonkiwanis.org
Who is the CEO of Kiwanis Club Of Bradenton Foundation Inc?
Byron Shinn is the Director of Kiwanis Club Of Bradenton Foundation Inc.
Official website here: www.bradentonkiwanis.org
What is the revenue of Kiwanis Club Of Bradenton Foundation Inc?
Kiwanis Club Of Bradenton Foundation Inc's revenue in 2022 was $837,534.
Official website here: www.bradentonkiwanis.org
Who are the executives of Kiwanis Club Of Bradenton Foundation Inc and what are their salaries?
There 25 volunteers at Kiwanis Club Of Bradenton Foundation Inc.
Here are 13 key members and their salaries:
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- Compensation: $3,800
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Official website here: www.bradentonkiwanis.org
Where can I find the form 990 for Kiwanis Club Of Bradenton Foundation Inc?
Kiwanis Club Of Bradenton Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bradentonkiwanis.org
Learn more at the official website: www.bradentonkiwanis.org
Mission Statement of Kiwanis Club Of Bradenton Foundation Inc
Kiwanis Club of Bradenton Foundation Inc is established with a charitable purpose, aiming to accept donations and manage the resulting investments. The primary goal is to distribute the income derived from these investments to assist needy individuals, particularly young people, in achieving vocational excellence. Additionally, the foundation aids handicapped individuals in regaining happy, useful lives, either directly or by funding other qualifying organizations.
However, the foundation has evolved its mission to focus on assisting at-risk families, with a special emphasis on young people. It accomplishes this by making direct donations to Section 501(C)(3) organizations, which are nonprofits dedicated to charitable, educational, religious, or other qualified public purposes. This strategic shift allows the foundation to contribute to the overall well-being and vocational development of young individuals, thereby empowering them to lead fulfilling lives.
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Impact
July, 2024
The impact of Kiwanis Club Of Bradenton Foundation Inc is felt through its support of at-risk families, placing a strong emphasis on helping young people attain vocational excellence. Additionally, the foundation aids handicapped individuals in regaining fulfilling and purposeful lives. By providing direct donations to qualified charitable organizations, the foundation plays a crucial role in promoting education and supporting those in need within the community.
This information is meant to be a general summary of Kiwanis Club Of Bradenton 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: $803,983
- Gross Receipts: $837,534
Assets and Liabilities:
- Total Assets: $11,264,877
- Total Liabilities: $0
- Net Assets: $11,264,877
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Organization Details
Founding Year
1990
Phone
(941) 745-8300Principal Officer
Byron Shinn
Main Address
824 MANATEE AVE W 1250, BRADENTON, FL, 34205
Website
www.bradentonkiwanis.orgNTEE Category
Code: B82 - Education
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