Overview
What is Buchanan Foundation?
The Buchanan Foundation is a charitable organization based in Clovis, California, specifically at 1560 N Minnewawa Avenue, 93611. Their primary mission is to support students from Buchanan High School by providing necessary funding for academic competitions. Furthermore, they aid financially challenged students by covering various fees and offer scholarships to deserve merit. In essence, the Buchanan Foundation plays a crucial role in nurturing and empowering young individuals in their academic pursuits.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54%, One-Star out of Four Star rating.
The Buchanan Foundation has received a low score of 54%, reflecting significant concerns regarding its accountability and financial practices. A major area of concern is the complete lack of independent board members, which raises questions about governance and oversight. Additionally, the organization has not provided essential financial statements, leading to transparency issues.
Despite these challenges, the foundation has a commendable program expense ratio of 100%, indicating that all of its expenses are directed towards its programs. However, the absence of critical policies and documentation, such as a whistleblower policy and minutes from board meetings, undermines its reliability. Overall, while the foundation may be effective in program execution, its governance and transparency issues could deter potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Buchanan Foundation legitimate?
Buchanan Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Buchanan 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.
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What is the mission statement of Buchanan Foundation?
The Buchanan Foundation's mission is centered around supporting students. They achieve this by providing funding for academic competitions, helping cover various fees for financially struggling students, and offering scholarships to deserving students. This commitment to education aims to empower and enable students to pursue their academic pursuits.
Who is the CEO of Buchanan Foundation?
Joseph Aiello is the Principal Officer of Buchanan Foundation.
What is the revenue of Buchanan Foundation?
Buchanan Foundation's revenue in 2022 was $1,289,589.
Who are the executives of Buchanan Foundation and what are their salaries?
There 10 volunteers at Buchanan Foundation.
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Where can I find the form 990 for Buchanan Foundation?
Buchanan Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Buchanan Foundation
The Buchanan Foundation, in its mission, has been instrumental in aiding numerous students at Buchanan High School. This nonprofit organization has been proactive in providing financial support for various academic competitions, helping students participate and excel in these events. Furthermore, the foundation has shown compassion by covering the fees of needy students, ensuring that financial constraints do not hinder their educational journey. In addition to this, the Buchanan Foundation has been generous in offering scholarships to deserving students. These scholarships not only provide financial relief but also serve as a recognition of the students' hard work and potential. The foundation's mission thus reflects its commitment to supporting the academic pursuits and overall well-being of students.
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Impact
July, 2024
The Buchanan Foundation has made a significant impact by assisting numerous students at Buchanan High School in Clovis, CA. They have provided funding for academic competitions, covered various student fees for those in need, and offered scholarships to deserving students. This support has not only helped students financially but has also contributed to their academic success and personal growth. The foundation's dedication to education is evident in their efforts to support and empower students in pursuing their educational goals.
This information is meant to be a general summary of Buchanan 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.
- Gross Receipts: $1,289,589
Assets and Liabilities:
- Total Assets: $609,333
- Total Liabilities: $0
- Net Assets: $609,333
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Organization Details
Phone
(559) 327-3076Principal Officer
Joseph Aiello
Main Address
1560 N MINNEWAWA, CLOVIS, CA, 93611
NTEE Category
Code: B112 - Education
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