Overview
What is Ben Meyer Foundation Inc?
Ben Meyer Foundation Inc is a nonprofit organization, established with the primary goal of raising funds. These funds are then channeled to other eligible charitable organizations, as per the Internal Revenue Code section 501(c)(3). The foundation's mission revolves around fundraising activities, aiming to make a positive impact in various charitable sectors. Although the information provided does not specify the specific causes or areas the foundation supports, it is evident that they contribute to the betterment of various charitable organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%
The Ben Meyer Foundation Inc has received a low rating of 33%, resulting in a Zero-Star out of Four Stars designation due to significant concerns regarding its Accountability & Finance. The rating is primarily based on an evaluation of its financial management practices, revealing a lack of essential policies and transparency measures that are critical for nonprofit governance.
Strengths of the organization include having a fully independent board, with 10 out of 10 points awarded for this aspect, and no evidence of material diversion of assets. However, the foundation's weaknesses are pronounced, particularly with missing key policies such as conflict of interest and whistleblower protections, which received scores of zero. Additionally, the foundation's liabilities to assets ratio is exceedingly high at 2684.45%, indicating potential financial instability.
Overall, the Ben Meyer Foundation Inc appears to struggle with financial accountability and transparency, which raises red flags for potential donors and stakeholders. The absence of critical governance documents on its website further compounds these issues, suggesting a need for significant improvement in its operational practices to boost trust and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Ben Meyer Foundation Inc legitimate?
Ben Meyer Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ben Meyer 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Ben Meyer Foundation Inc?
The Ben Meyer Foundation Inc was established with the primary objective of conducting fundraising activities. The funds raised by the foundation are then donated to other organizations that fall under the category of IRC501(c)(3) qualified charities. This philanthropic organization aims to contribute to the causes supported by these charities, thereby extending its reach and impact in various sectors. The mission of the Ben Meyer Foundation Inc is centered around the idea of using fundraising as a tool to support other charitable organizations and make a difference in their respective fields.
Who is the CEO of Ben Meyer Foundation Inc?
Thomas Meyer is the Director of Ben Meyer Foundation Inc.
What is the revenue of Ben Meyer Foundation Inc?
Ben Meyer Foundation Inc's revenue in 2022 was $36,407.
Who are the executives of Ben Meyer Foundation Inc and what are their salaries?
There 150 volunteers at Ben Meyer Foundation Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Ben Meyer Foundation Inc?
Ben Meyer Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ben Meyer Foundation Inc
Ben Meyer Foundation Inc, as established, is dedicated to carrying out fundraising activities. The primary objective of these activities is to accumulate proceeds that will subsequently be donated to other organizations categorized under IRC501(c)(3). These qualified charities are recognized for their commitment to making a positive impact in various sectors, often focusing on social welfare, education, or community development. By engaging in these fundraising ventures, Ben Meyer Foundation Inc contributes to the broader charitable ecosystem, aiding numerous causes and supporting the collective efforts of other nonprofit organizations.
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Impact
August, 2024
The Ben Meyer Foundation Inc's impact lies in its fundraising activities that aim to support and donate proceeds to other IRS 501(c)(3) qualified charities. Through its philanthropic efforts, the organization works to provide financial assistance to various charitable causes, ultimately contributing to the betterment of communities in need.
This information is meant to be a general summary of Ben Meyer 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: $21
- Gross Receipts: $378,888
Assets and Liabilities:
- Total Assets: $2,238
- Total Liabilities: $60,078
- Net Assets: -$57,840
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Organization Details
Phone
(985) 446-1159Principal Officer
Thomas Meyer
Main Address
602 HOLIDAY DRIVE, THIBODAUX, LA, 70301
NTEE Category
Code: T30 - Philanthropy
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