Overview
What is Bobby Bragan Youth Foundation Inc?
Bobby Bragan Youth Foundation Inc, based in Fort Worth, Texas, is a nonprofit organization that focuses on uplifting and inspiring eighth-grade students from public schools in the Dallas-Fort Worth area. They accomplish this through an annual scholarship competition, which engages over 35,000 students from more than 140 schools. The foundation's mission is to foster outstanding scholars, responsible citizens, and talented athletes, encouraging them to become leaders and role models for their peers. The scholarships are funded by the organization's sister entity, Bobby Bragan Youth Foundation Scholarship Fund. The Bobby Bragan Youth Foundation Inc, with a team of 1 employee, plays a significant role in encouraging and nurturing young talent.
Official website here: www.bobbybragan.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 43%
The Bobby Bragan Youth Foundation Inc has received a 43% rating from Charity Navigator, resulting in a Zero-Star out of Four Star rating. This score is based solely on the Accountability & Finance category. While the organization demonstrates strong governance practices, such as having a fully independent board and appropriate conflict of interest policies, it has significant deficiencies in other areas, particularly in financial health.
Key strengths include a fully independent board and the lack of material asset diversion, both of which are crucial for transparency and accountability. However, the foundation faces serious concerns regarding its financial ratios and the absence of essential policies, such as a whistleblower policy and document retention guidelines. These deficiencies contribute negatively to its overall score.
In particular, the foundation's liabilities to assets ratio is alarmingly high at 1731.58%, indicating potential financial instability. The program expense ratio is also relatively low at 45.73%, suggesting that a lesser portion of its expenses is directed towards programs compared to administrative costs. Overall, while there are some governance strengths, the financial challenges and missing policies raise red flags for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Bobby Bragan Youth Foundation Inc legitimate?
Bobby Bragan Youth Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bobby Bragan Youth 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: $76,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.bobbybragan.org
What is the mission statement of Bobby Bragan Youth Foundation Inc?
The Bobby Bragan Youth Foundation Inc's mission is centered around supporting, encouraging, and motivating eighth-grade students. Their goal is to inspire these students to excel academically, demonstrate good citizenship, and exhibit strong athletic abilities. Furthermore, they aim to nurture these students to become influential leaders and role models for their peers. The foundation accomplishes this through an annual college scholarship competition, which involves over 35,000 eighth-graders from over one hundred forty schools in the Dallas-Fort Worth area. The scholarships are funded by the Bobby Bragan Youth Foundation, Inc., with support from their sister organization, the Bobby Bragan Youth Foundation Scholarship Fund.
Official website here: www.bobbybragan.org
Who is the CEO of Bobby Bragan Youth Foundation Inc?
Tracy Taylor is the Chair Emeritus of Bobby Bragan Youth Foundation Inc.
Official website here: www.bobbybragan.org
What is the revenue of Bobby Bragan Youth Foundation Inc?
Bobby Bragan Youth Foundation Inc's revenue in 2022 was $106,705.
Official website here: www.bobbybragan.org
Who are the executives of Bobby Bragan Youth Foundation Inc and what are their salaries?
The average compensation at Bobby Bragan Youth Foundation Inc during 2022 was $76,100. There is 1 employee and 30 volunteers at Bobby Bragan Youth Foundation Inc.
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Official website here: www.bobbybragan.org
Where can I find the form 990 for Bobby Bragan Youth Foundation Inc?
Bobby Bragan Youth Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bobbybragan.org
Learn more at the official website: www.bobbybragan.org
Mission Statement of Bobby Bragan Youth Foundation Inc
The Bobby Bragan Youth Foundation Inc is committed to supporting, encouraging, and motivating eighth-grade students to become outstanding scholars, responsible citizens, and accomplished athletes. By serving as role models for their peers, these students are expected to lead and influence their communities positively. The foundation achieves this mission by organizing and administering a college scholarship competition for over 35,000 eighth-grade students across over one hundred forty schools in the Dallas-Fort Worth area. This scholarship competition is funded on behalf of the Bobby Bragan Youth Foundation Inc by its sister organization, the Bobby Bragan Youth Foundation Scholarship Fund. The foundation's activities aim to inspire and empower young individuals, helping them to excel in various aspects of their lives and become valuable contributors to their communities.
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Impact
October, 2024
The Bobby Bragan Youth Foundation Inc significantly impacts eighth-grade students in the Dallas-Fort Worth area by fostering a culture of academic excellence and personal development. Each year, it empowers over 35,000 public school students from more than 140 schools to participate in a college scholarship competition, which not only provides financial assistance for higher education but also encourages students to strive for excellence in their studies, citizenship, and athletics.
This initiative motivates students to become outstanding scholars and leaders, serving as positive role models for their peers. The foundation’s commitment to education is evident through the scholarships facilitated by its sister organization, ensuring that financial barriers do not hinder capable students from achieving their dreams. By nurturing both academic and personal growth, the foundation plays a vital role in shaping the futures of young individuals, thereby strengthening the community as a whole.
This information is meant to be a general summary of Bobby Bragan Youth 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.
- Gross Receipts: $175,510
Assets and Liabilities:
- Total Assets: $15,410
- Total Liabilities: $266,838
- Net Assets: -$251,428
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Organization Details
Founding Year
1992
Phone
(817) 870-2300Principal Officer
Tracy Taylor
Main Address
PO BOX 470765, FORT WORTH, TX, 76147
Website
www.bobbybragan.orgNTEE Category
Code: B82Z - Education
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