Overview
What is The Bronx Community Foundation Inc?
The Bronx Community Foundation Inc, established in the Bronx, New York, is a unique nonprofit organization dedicated to improving the borough's welfare. They engage local stakeholders in identifying challenges and devising solutions, focusing on four pillars of sustainability: community, equity and justice, economic security, and health. Their mission is to empower the community and eradicate inequality, aiming to create sustainable futures for all Bronxites. The foundation takes a collaborative approach, working with place-based organizations to foster a resilient and prosperous Bronx. They're more than just a funding institution; they define a community-wide common agenda and collaborate with various sectors, including nonprofits, education, government, and business, in participatory decision-making. The foundation employs a team of 3 individuals.
Official website here: www.thebronx.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 93% - Four-Star out of Four Star Rating
The Bronx Community Foundation Inc has earned a Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The foundation's score is derived entirely from its commitment to financial integrity and governance, indicating a high level of transparency and responsibility in its operations.
Strengths noted include a fully independent board and thorough financial oversight, both of which contribute to its strong financial health. The absence of material asset diversion and well-documented policies also enhance its credibility. The organization has a commendable working capital ratio, suggesting it maintains sufficient resources for its activities.
However, there are areas where the foundation could improve, particularly in its program expense ratio and fundraising efficiency. While it allocates a significant portion of resources to its programs, the fundraising costs may need to be addressed to ensure more effective use of donations in the future. Overall, the Bronx Community Foundation demonstrates a solid commitment to its mission and responsible management practices.
This AI summary has been generated from information found on Charity Navigator.
Is The Bronx Community Foundation Inc legitimate?
The Bronx Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Bronx Community 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: $230,769
Professional Fundraising Fees: $48,607
Other Salaries and Wages: $70,598
For more financial information, click here
Official website here: www.thebronx.org
What is the mission statement of The Bronx Community Foundation Inc?
The Bronx Community Foundation, uniquely dedicated to the entire Bronx, supports and invests in community-driven efforts to eradicate inequality and build sustainable futures for all its residents. Their mission is centered around engaging stakeholders across the borough to identify challenges and design solutions that align with four pillars of sustainability: community, equity and justice, economic security, and health. The foundation aims to work with place-based organizations to realize a resilient and prosperous Bronx, going beyond being a funding institution. They take a strategic role in defining a community-wide common agenda and employ a collaborative and participatory philanthropic approach to address challenges.
Official website here: www.thebronx.org
Who is the CEO of The Bronx Community Foundation Inc?
Meisha Ross Porter is the President of The Bronx Community Foundation Inc. The CEO's salary of The Bronx Community Foundation Inc is $230,769 and their total compensation is $230,769.
Official website here: www.thebronx.org
What is the revenue of The Bronx Community Foundation Inc?
The Bronx Community Foundation Inc's revenue in 2022 was $2,875,826.
Official website here: www.thebronx.org
Who are the executives of The Bronx Community Foundation Inc and what are their salaries?
The average compensation at The Bronx Community Foundation Inc during 2022 was $100,456. There are 3 employees and 6 volunteers at The Bronx Community Foundation Inc.
Here are 7 key members and their salaries (The Bronx Community Foundation Inc's CEO's salary is $230,769 and their total compensation is $230,769):
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- Compensation: $230,769
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Official website here: www.thebronx.org
Where can I find the form 990 for The Bronx Community Foundation Inc?
The Bronx Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thebronx.org
Learn more at the official website: www.thebronx.org
Mission Statement of The Bronx Community Foundation Inc
The Bronx Community Foundation (BXCF) is dedicated to delivering resources to the entire Bronx borough. Its mission is centered around supporting and investing in community power to eradicate inequality and build sustainable futures for all Bronxites. This community-driven organization engages stakeholders across the borough to identify challenges and design solutions, focusing on four pillars of sustainability: community, equity and justice, economic security, and health. By working with place-based organizations, BXCF aims to create a resilient and prosperous Bronx. Going beyond its role as a funding institution, The Bronx Community Foundation takes a unique and strategic role in defining a community-wide common agenda and approaches problem-solving collaboratively and participatively, engaging organizations and individuals from various sectors in participatory decision-making.
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Impact
July, 2024
The Bronx Community Foundation Inc is making a significant impact in the Bronx by supporting and investing in community power to eradicate inequity and build sustainable futures for all Bronxites. They are the first and only community foundation in the Bronx, dedicated to delivering resources to the entire borough. Their unique model engages community stakeholders across the Bronx to identify challenges and design solutions that focus on community, equity & justice, economic security, and health. By taking a collaborative and participatory philanthropic approach, they work with organizations and individuals from various sectors to define a community-wide common agenda and address challenges. Through their efforts, The Bronx Community Foundation Inc is contributing to a resilient and prosperous Bronx.
This information is meant to be a general summary of The Bronx Community 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: $5,297
- Gross Receipts: $2,875,826
Assets and Liabilities:
- Total Assets: $7,619,113
- Total Liabilities: $182,972
- Net Assets: $7,436,141
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Organization Details
Founding Year
2016
Phone
(917) 681-1876Principal Officer
Meisha Ross Porter
Main Address
557 GRAND CONCOURSE 125, BRONX, NY, 104515291
Website
www.thebronx.orgNTEE Category
Code: T31 - Philanthropy
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