Overview
What is Buckeye Partners Foundation?
Buckeye Partners Foundation is a charitable organization based in Houston, Texas, with an address at 4200 WESTHEIMER RD 975. Its primary mission is to provide aid to the employees of Buckeye Partners, L.P., or its affiliates, including Buckeye Pipeline Services Company, and their families, who face financial hardships due to catastrophic events in their lives, such as natural or civil disasters. Additionally, the foundation extends its assistance by making grants to other Section 501(C)(3) public charities to support their charitable work. During 2022, Buckeye Partners Foundation did not make any disaster relief payments.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 34%
The Buckeye Partners Foundation has received a low score of 34%, reflecting a Zero-Star out of Four Star rating. This rating indicates significant concerns regarding the charity’s accountability and financial practices. Notably, the organization has no independent board members, which raises questions about governance and oversight.
Despite some positive elements such as having a conflict of interest policy, a whistleblower policy, and documented board meeting minutes, the Foundation lacks essential transparency features. Their website is not listed on the tax form, and critical financial documents are missing from their online presence, which diminishes trust among potential donors and stakeholders.
Financially, the charity's program expense ratio is low at 19.16%, suggesting that a minimal portion of funds is directed towards charitable programs. Additionally, the liabilities to assets ratio is concerning at 14.78%, further highlighting financial instability. Overall, the Buckeye Partners Foundation faces substantial challenges in governance, transparency, and effective fund allocation, which potential donors should consider carefully.
This AI summary has been generated from information found on Charity Navigator.
Is Buckeye Partners Foundation legitimate?
Buckeye Partners Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Buckeye Partners 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Buckeye Partners Foundation?
The Buckeye Partners Foundation's mission is to extend aid to the employees of Buckeye Partners, L.P., its affiliates, and their families experiencing financial hardship due to catastrophic events, such as natural or civil disasters. Additionally, the foundation provides grants to other section 501(c)(3) public charities to support their charitable work. This philanthropic organization aims to alleviate distress and contribute to the betterment of communities beyond its immediate employee base.
What is the revenue of Buckeye Partners Foundation?
Buckeye Partners Foundation's revenue in 2023 was $32,599.
Who are the executives of Buckeye Partners Foundation and what are their salaries?
There 28 volunteers at Buckeye Partners Foundation.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Buckeye Partners Foundation?
Buckeye Partners Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Buckeye Partners Foundation
Buckeye Partners Foundation is a charitable organization that plays a significant role in providing aid to the employees of Buckeye Partners, L.P. and its affiliates, including Buckeye Pipeline Services Company, as well as their families, during times of financial distress resulting from catastrophic events in their lives, such as natural or civil disasters. In addition to its direct assistance to its affiliated employees, the foundation also extends its support by providing grants to other Section 501(c)(3) public charities to further their charitable work. This commitment to charitable giving allows Buckeye Partners Foundation to contribute to the broader community, extending its reach beyond its immediate circle of employees and their families.
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Impact
October, 2024
Buckeye Partners Foundation significantly supports employees of Buckeye Partners, L.P. and their families facing financial hardships due to catastrophic events. Its mission focuses on providing critical aid during distressing times caused by natural or civil disasters, ensuring that those affected have access to necessary resources to rebuild their lives.
In addition to directly assisting employees, the foundation extends its impact by granting funds to other registered public charities, promoting broader charitable initiatives within the community. Though it did not make disaster relief payments in 2022, its ongoing commitment to providing support embodies a strong emphasis on human services and community welfare, reinforcing its role as a vital resource for individuals in need.
This information is meant to be a general summary of Buckeye Partners 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 2023.
- Gross Receipts: $32,599
Assets and Liabilities:
- Total Assets: $52,913
- Total Liabilities: $7,821
- Net Assets: $45,092
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Organization Details
Founding Year
2016
Principal Officer
Todd J Russo
NTEE Category
Code: P60 - Human services
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