Overview
What is Foundation For The Endowment Of The American Birkebeiner Inc?
The Foundation For The Endowment Of The American Birkebeiner Inc is a charitable organization with a mission to secure the long-term viability of the American Birkebeiner. They achieve this by proactively seeking out donations, grants, inheritances, and other financial contributions, and subsequently overseeing their distribution towards initiatives supervised by the American Birkebeiner Ski Foundation (ABSF). This nonprofit's purpose is to guarantee the continuity and growth of the American Birkebeiner, a renowned cross-country ski race.
Official website here: www.endowment.birkie
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76%, Three-Star out of Four Star Rating.
The Foundation For The Endowment Of The American Birkebeiner Inc has received a Three-Star rating from Charity Navigator, indicating an overall score of 76%. This score is primarily based on their accountability and finance metrics, which show a strong commitment to transparency and effective financial management. Notably, the organization has a fully independent board, with 10 out of 10 points awarded for this criterion, reflecting a strong governance structure.
Strengths of the foundation include its high program expense ratio of 97.84%, which suggests that a significant majority of its funds are directed towards its programs rather than administrative costs. Additionally, the organization has demonstrated no material diversion of assets, ensuring that resources are utilized effectively for their intended purposes. However, there are notable shortcomings, including the absence of a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which are important for maintaining ethical standards and operational integrity.
While the foundation performs well in several areas, the missing policies may raise concerns about governance practices. Improving these aspects could enhance their accountability score and overall organizational trustworthiness. Overall, the foundation displays a solid financial footing and operational focus, but addressing its governance weaknesses could further bolster its standing among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For The Endowment Of The American Birkebeiner Inc legitimate?
Foundation For The Endowment Of The American Birkebeiner Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For The Endowment Of The American Birkebeiner 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:
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Official website here: www.endowment.birkie
What is the mission statement of Foundation For The Endowment Of The American Birkebeiner Inc?
The Foundation For The Endowment Of The American Birkebeiner Inc has a mission to secure the future of the American Birkebeiner. They accomplish this by proactively seeking and receiving donations, grants, bequeaths, and other financial contributions. Once obtained, these funds are meticulously managed and allocated for activities carried out by the American Birkebeiner Ski Foundation (ABSF). This dedicated work ensures the long-term viability and continued success of the American Birkebeiner event.
Official website here: www.endowment.birkie
What is the revenue of Foundation For The Endowment Of The American Birkebeiner Inc?
Foundation For The Endowment Of The American Birkebeiner Inc's revenue in 2024 was $46,915.
Official website here: www.endowment.birkie
Who are the executives of Foundation For The Endowment Of The American Birkebeiner Inc and what are their salaries?
Here are 13 key members and their salaries:
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Official website here: www.endowment.birkie
Where can I find the form 990 for Foundation For The Endowment Of The American Birkebeiner Inc?
Foundation For The Endowment Of The American Birkebeiner Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.endowment.birkie
Learn more at the official website: www.endowment.birkie
Mission Statement of Foundation For The Endowment Of The American Birkebeiner Inc
The Foundation for the Endowment of the American Birkebeiner Inc plays a vital role in securing the future of the American Birkebeiner. This nonprofit organization accomplishes this mission by soliciting and accepting various forms of contributions, such as gifts, grants, bequests, and other donations. Once acquired, these funds are meticulously allocated for activities carried out by the American Birkebeiner Ski Foundation (ABSF). By doing so, the Foundation for the Endowment of the American Birkebeiner Inc is instrumental in preserving the legacy and continuity of the American Birkebeiner event.
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Impact
August, 2024
The Foundation For the Endowment Of The American Birkebeiner Inc plays a vital role in ensuring the future of the American Birkebeiner by soliciting and accepting gifts, grants, bequests, and other contributions. By administering the allocation of these resources for activities conducted by the American Birkebeiner Ski Foundation, the foundation has a direct impact on supporting and promoting this iconic cross-country ski race. Its efforts contribute to the growth and sustainability of the American Birkebeiner, enriching both the sports and arts community in Hayward, Wisconsin, and beyond.
This information is meant to be a general summary of Foundation For The Endowment Of The American Birkebeiner 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 2024.
- Gross Receipts: $46,915
Assets and Liabilities:
- Total Assets: $1,158,004
- Total Liabilities: $12,984
- Net Assets: $1,145,020
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Organization Details
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