Overview
What is Brit Foundation?
The Brit Foundation, based in Fort Worth, Texas, is a nonprofit organization that serves as a supporting entity for the Botanical Research Institute of Texas, a 501(c)(3) entity. Its primary function is to manage and maintain long-term investments for the benefit of this research institute, as stated under IRC Section 509(a)(1). Essentially, the Brit Foundation aids in the financial sustainability of the Botanical Research Institute of Texas, contributing to its ongoing mission in the field.
Official website here: www.brit.org
What are the reviews and ratings of this charity?
Charity Navigator gives the Brit Foundation a rating of 97%, awarding it a Four-Star out of Four Stars designation. This high score reflects the organization's strong performance in accountability and finance, indicating a transparent and well-managed nonprofit. The Foundation has demonstrated excellence in various areas, including having 100% independent board members and maintaining no material diversion of assets.
The Brit Foundation showcases a solid commitment to governance, evidenced by its comprehensive policies such as conflict of interest, whistleblower protections, and document retention practices. Furthermore, the organization maintains an impressive program expense ratio of 99.12%, suggesting that a significant portion of its resources is dedicated to its mission-driven activities rather than administrative costs.
While the overall feedback is highly positive, maintaining such high standards will be crucial for the Foundation as it continues to grow. Stakeholders may appreciate the rigorous oversight and commitment to transparency, but they should also remain engaged to ensure continued excellence in its operations and mission fulfillment.
This AI summary has been generated from information found on Charity Navigator.
Is Brit Foundation legitimate?
Brit Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brit 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.brit.org
What is the mission statement of Brit Foundation?
The Brit Foundation supports the Botanical Research Institute of Texas, serving as a 501(c)(3) entity that maintains long-term investments for the benefit of the research institute under IRC Section 509(a)(1). Its primary objective is to provide financial resources for the institute, ensuring its long-term sustainability and enabling it to carry out its mission in botanical research. The foundation does not directly engage in research activities but rather focuses on fund management, acting as a vital supporting entity for the Botanical Research Institute of Texas.
Official website here: www.brit.org
Who is the CEO of Brit Foundation?
Charles Denison is the President of Brit Foundation.
Official website here: www.brit.org
What is the revenue of Brit Foundation?
Brit Foundation's revenue in 2022 was $54,640.
Official website here: www.brit.org
Who are the executives of Brit Foundation and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.brit.org
Where can I find the form 990 for Brit Foundation?
Brit Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.brit.org
Learn more at the official website: www.brit.org
Mission Statement of Brit Foundation
The Brit Foundation, a supporting entity, is dedicated to maintaining long-term investments for the advantage of the Botanical Research Institute of Texas, a 501(c)(3) non-profit organization. In essence, the Brit Foundation acts as a financial backbone for the Botanical Research Institute of Texas, ensuring its sustainable growth under IRC Section 509(a)(1). The Foundation's primary role is to manage its investments, with the ultimate objective of benefiting the Botanical Research Institute of Texas. This partnership between the Brit Foundation and the Botanical Research Institute of Texas is instrumental in advancing research and educational initiatives in the field of botany.
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Impact
June, 2024
Brit Foundation's impact lies in its crucial role of holding and maintaining long-term investments for the benefit of the Botanical Research Institute of Texas. By providing financial support and stability through fund management, the foundation plays a vital part in sustaining the botanical research and environmental preservation efforts of the Institute. Through its activities, Brit Foundation contributes to the advancement of research and conservation initiatives, ultimately promoting environmental awareness and protection.
This information is meant to be a general summary of Brit 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 2022.
- Investment Income: $6,406
- Gross Receipts: $54,640
Assets and Liabilities:
- Total Assets: $65,331,909
- Total Liabilities: $0
- Net Assets: $65,331,909
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Organization Details
Founding Year
2017
Phone
(817) 332-4441Principal Officer
Charles Denison
Main Address
1700 UNIVERSITY DRIVE, FORT WORTH, TX, 76107
Website
www.brit.orgNTEE Category
Code: C11 - Environment
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