Overview
What is Broken Arrow Community Foundation I?
Broken Arrow Community Foundation I is a community-focused nonprofit organization based in Broken Arrow, Oklahoma. Their primary mission encompasses four key areas: fostering a sense of community, providing scholarships, promoting public art, and enhancing the local environment through beautification projects. Furthermore, they offer support to various local nonprofit organizations. This multifaceted approach enables them to contribute to the well-being of their community and its residents in numerous ways.
Official website here: www.bacf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Broken Arrow Community Foundation I has received a rating of 76%, which reflects a solid level of accountability and finance management. The score is derived solely from the Accountability & Finance beacon, indicating that the organization excels in this area. Key strengths include having a fully independent board and maintaining a favorable liabilities-to-assets ratio of 0.00%, which suggests effective financial stewardship.
Despite the positive aspects, there are notable limitations in the organization’s governance practices. The foundation lacks critical policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which could strengthen its transparency and accountability. The absence of these policies has impacted its overall score negatively, despite strong performance in other financial metrics.
In summary, while the Broken Arrow Community Foundation I demonstrates strong financial health and governance through an independent board and high program expense ratio, the lack of essential governance policies highlights areas for potential improvement. Addressing these policy gaps could enhance the foundation's overall accountability and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Broken Arrow Community Foundation I legitimate?
Broken Arrow Community Foundation I is a legitimate nonprofit organization registered as a 501(c)(3) entity. Broken Arrow Community Foundation I 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.
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For more financial information, click here
Official website here: www.bacf.org
What is the mission statement of Broken Arrow Community Foundation I?
The Broken Arrow Community Foundation's mission encompasses various community-focused initiatives. As a community foundation, it is dedicated to providing scholarships, promoting public art, enhancing community beautification, and offering support to local non-profit organizations. This commitment to community betterment aims to foster a thriving and inclusive local environment. The foundation also plays a role in improving the lives of its community members by supporting various local causes and initiatives.
Official website here: www.bacf.org
Who is the CEO of Broken Arrow Community Foundation I?
Randy Swearengin is the President of Broken Arrow Community Foundation I.
Official website here: www.bacf.org
What is the revenue of Broken Arrow Community Foundation I?
Broken Arrow Community Foundation I's revenue in 2022 was $69,783.
Official website here: www.bacf.org
Who are the executives of Broken Arrow Community Foundation I and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.bacf.org
Where can I find the form 990 for Broken Arrow Community Foundation I?
Broken Arrow Community Foundation I's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bacf.org
Learn more at the official website: www.bacf.org
Mission Statement of Broken Arrow Community Foundation I
Broken Arrow Community Foundation, as a community-driven organization, is committed to serving its community in various capacities. Its primary objectives include fostering a sense of community, providing scholarships, promoting public art, enhancing the aesthetics of the area, and supporting local non-profit organizations. By taking on these initiatives, the foundation aims to contribute positively to the local community's overall well-being.
In more specific terms, Broken Arrow Community Foundation has dedicated itself to offering scholarships to deserving individuals, thereby supporting their educational pursuits. Furthermore, the foundation is actively involved in enhancing the visual appeal of the community through public art projects. Additionally, it plays a significant role in community beautification efforts, making the area more appealing to its residents and visitors. Lastly, the foundation extends its support to local non-profit organizations, helping them to thrive and make a meaningful impact within the community.
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Impact
August, 2024
Broken Arrow Community Foundation I's impact can be seen through its support of the local community in Broken Arrow, Oklahoma. With a focus on providing scholarships, promoting public art, enhancing community beautification efforts, and supporting local nonprofits, the foundation plays a crucial role in uplifting and strengthening the community. Its philanthropic activities have positively impacted the lives of individuals, families, and organizations in Broken Arrow, making it a valuable asset in fostering local growth and development.
This information is meant to be a general summary of Broken Arrow Community Foundation I. 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: $33,733
- Gross Receipts: $69,783
Assets and Liabilities:
- Total Assets: $1,171,448
- Total Liabilities: $0
- Net Assets: $1,171,448
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Organization Details
Phone
(918) 258-8888Principal Officer
Randy Swearengin
Main Address
2720 N HEMLOCK CT STE B, BROKEN ARROW, OK, 740121194
Website
www.bacf.orgNTEE Category
Code: T31 - Philanthropy
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