Overview
What is The Bear Foundation?
The Bear Foundation is a philanthropic organization, situated in Rolling Meadows, Illinois. Its primary mission is to collect charitable contributions and distribute them as grants to other exempt organizations. These grants serve to financially aid various institutions, such as foundations, schools, hospitals, and other charitable entities, enabling them to realize their individual objectives. The Bear Foundation's grant-making approach assists these organizations in their endeavors, thereby contributing positively to their respective communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
The Bear Foundation has received a low score of 53% on Charity Navigator, reflecting several weaknesses in its accountability and financial practices. Notably, the organization has no independent board members, which can raise concerns about governance and oversight. Additionally, critical policies such as conflict of interest and whistleblower protections are missing, indicating a lack of transparency and risk management.
Despite these shortcomings, The Bear Foundation reported a perfect program expense ratio of 100%, suggesting that all of its expenditures are directed towards its programs. Furthermore, the organization has not experienced any material diversion of assets, which is a positive aspect of its financial management. However, the absence of certain disclosures, like its website URL and tax form on its nonprofit site, further diminishes its overall accountability.
In summary, while The Bear Foundation demonstrates financial commitment to its programs, the lack of independent governance and missing key policies limit its accountability score. Prospective donors may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Bear Foundation legitimate?
The Bear Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Bear Foundation submitted a form 990EZ, 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.
What is the mission statement of The Bear Foundation?
The Bear Foundation, as a charitable organization, raises funds and offers financial aid through grant-making. Its mission is to support other exempt organizations, such as foundations, schools, hospitals, and various charitable groups, in achieving their individual goals. By providing financial assistance, The Bear Foundation aims to contribute to the broader social welfare and community development. The organization operates with a focus on helping these organizations fulfill their respective missions, ultimately contributing to various sectors and communities.
Who is the CEO of The Bear Foundation?
Unavailable
What is the revenue of The Bear Foundation?
The Bear Foundation's revenue in 2022 was $136,339.
Who are the executives of The Bear Foundation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for The Bear Foundation?
The Bear Foundation's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of The Bear Foundation
The Bear Foundation, as a charitable organization, is dedicated to raising funds and offering financial assistance to a variety of exempt organizations. These organizations encompass foundations, educational institutions, medical facilities, and other charitable entities. The primary objective of The Bear Foundation is to aid these organizations in accomplishing their individual goals. By providing this financial aid, The Bear Foundation plays a significant role in furthering their missions and contributing to the betterment of their respective fields.
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Impact
October, 2024
The Bear Foundation significantly influences various sectors by raising charitable funds and supporting multiple organizations through strategic grant-making. By providing financial assistance to foundations, schools, hospitals, and other charitable groups, it empowers these entities to achieve their organizational goals and enhances their capacity to serve their communities. Based in Rolling Meadows, IL, the foundation's commitment to philanthropy facilitates meaningful initiatives and projects that can bring about positive change in society, ensuring that vital services and support systems are sustained and developed.
This information is meant to be a general summary of The Bear 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.
- Gross Receipts: $136,339
Assets and Liabilities:
- Total Assets: $42,983
- Total Liabilities: $0
- Net Assets: $42,983
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Organization Details
Phone
(847) 222-1900Main Address
1501 ROHLWING RD, ROLLING MEADOWS, IL, 60008
NTEE Category
Code: T30 - Philanthropy
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