Overview
What is B And M Foundation Inc?
B and M Foundation Inc is a nonprofit organization situated in Apopka, Florida. Their primary mission is to offer life-transforming opportunities to individuals living in disadvantaged circumstances. They achieve this by providing scholarships and additional support, enabling these individuals to build a brighter future for themselves and their families. The foundation has made significant contributions, such as funding schooling for 28 underprivileged students in Haiti, providing micro-loans to nine families, and offering food and clothing to fifteen needy families. Moreover, they have covered the costs of lodging for two homeless families affected by earthquakes in Haiti. During an earthquake in August 2021, they transported $250,000 worth of medical supplies to Haiti.
Official website here: www.bnmfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
The B And M Foundation Inc has received a solid score of 83%, reflecting a commendable performance in accountability and finance. This rating is derived solely from its Accountability & Finance score, which indicates the organization is managing its resources effectively. The charity has achieved notable benchmarks, including a 100% score for having an entirely independent board and a program expense ratio of 100%, highlighting its commitment to direct program services.
However, there are some areas for improvement. Notably, the foundation lacks a whistleblower policy and a document retention and destruction policy, both of which scored zero. These missing policies could raise concerns about transparency and governance practices. Despite these limitations, the organization has maintained a strong financial health, with a liabilities to assets ratio of 0.00%, suggesting it is not over-leveraged.
In summary, while the B And M Foundation Inc demonstrates strong accountability and financial management, the absence of certain governance policies indicates room for enhancement. Overall, the charity's strong independent board and commitment to program expenses are significant strengths that contribute positively to its reputation.
This AI summary has been generated from information found on Charity Navigator.
Is B And M Foundation Inc legitimate?
B And M Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. B And M 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.
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.bnmfoundation.org
What is the mission statement of B And M Foundation Inc?
The B and M Foundation Inc's mission is centered around creating life-changing opportunities for individuals residing in disadvantaged circumstances. This is achieved through providing scholarships and additional support, enabling these individuals to build a promising future for themselves and their families. The foundation has supported 28 underprivileged students in Haiti by covering their school expenses, offered micro-loans to nine families to help them financially, and provided essentials like food and clothing to fifteen needy families. The foundation also extends aid by covering the lodging costs for two homeless families affected by the earthquake in Haiti's south region. Moreover, during an earthquake in August 2021, the foundation transported $250,000 worth of medical supplies to Haiti.
Official website here: www.bnmfoundation.org
Who is the CEO of B And M Foundation Inc?
Willem Borelus is the P of B And M Foundation Inc.
Official website here: www.bnmfoundation.org
What is the revenue of B And M Foundation Inc?
B And M Foundation Inc's revenue in 2021 was $0.
Official website here: www.bnmfoundation.org
Who are the executives of B And M Foundation Inc and what are their salaries?
There 12 volunteers at B And M Foundation Inc.
Here are 11 key members and their salaries:
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Official website here: www.bnmfoundation.org
Where can I find the form 990 for B And M Foundation Inc?
B And M Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.bnmfoundation.org
Learn more at the official website: www.bnmfoundation.org
Mission Statement of B And M Foundation Inc
B and M Foundation Inc is committed to creating life-changing opportunities for individuals living in disadvantaged circumstances. Through its mission, the organization aims to empower these individuals by providing scholarships and additional support. This empowerment is intended to enable them to shape a brighter future not only for themselves but also for their families.
In practice, B and M Foundation Inc has demonstrated its commitment by supporting 28 underprivileged students in Haiti, allowing them to attend school. The foundation has also extended financial aid to nine (9) families in the form of micro-loans, helping them to improve their livelihoods. Furthermore, the organization has extended its support to needy families by providing them with essentials such as food and clothing.
In response to specific crises, B and M Foundation Inc has shown its flexibility and commitment. During the earthquake in Haiti's south region, the foundation provided lodging to two homeless families. Additionally, during the August 2021 earthquake, the foundation transported $250,000 in medical supplies to Haiti, demonstrating its commitment to addressing immediate needs in times of crisis. These actions, among others, reflect B and M Foundation Inc's dedication to its mission of creating life-changing opportunities for disadvantaged individuals.
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Impact
October, 2024
B And M Foundation Inc actively transforms lives by creating opportunities for children and adults facing disadvantage. Through targeted initiatives, the organization has enabled 28 underprivileged students in Haiti to access education, supported nine families with $4,100 in micro-loans, and provided food and clothing to 15 needy families at a cost of $13,742. Additionally, the foundation has offered lodging for two homeless families impacted by the devastating earthquake in Haiti, with expenditures totaling $9,289. In response to the August 2021 earthquake, they facilitated the transportation of $250,000 worth of medical supplies to support affected communities. This multifaceted assistance plays a crucial role in helping individuals and families not only survive but also build a brighter future amid challenging circumstances.
This information is meant to be a general summary of B And M 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 2021.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2017
Phone
(954) 839-7358Principal Officer
Willem Borelus
Main Address
1931 BEARDSLEY DR, APOPKA, FL, 32703
Website
www.bnmfoundation.orgNTEE Category
Code: P84 - Human services
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