Overview
What is Marchbanks Foundation Inc?
Marchbanks Foundation Inc, located at 2402 Exton Street, Bakersfield, CA 93311, is a nonprofit organization committed to assisting and supporting vulnerable populations. This includes low-income families, seniors, children, and homeless individuals. The foundation's mission is to alleviate their struggles and provide them with the necessary aid. The details in the information array do not specify the exact activities or programs they undertake, but the description suggests they aim to make a significant impact in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
The Marchbanks Foundation Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in certain areas despite strong performance in accountability and finance, where it scored 100%. The organization boasts a fully independent board, scoring full marks for both majority independent board members and board size, as well as a perfect score regarding the absence of material diversion of assets.
However, the foundation has significant shortcomings in its transparency practices. It received zero points for essential tax form disclosures, including the disclosure of its website, conflict of interest policy, whistleblower policy, and document retention practices. Although the foundation's financial metrics are strong, the lack of transparency may raise concerns among potential donors and stakeholders regarding governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Marchbanks Foundation Inc legitimate?
Marchbanks Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marchbanks 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 Marchbanks Foundation Inc?
The Marchbanks Foundation Inc's mission is centered around providing aid and support to those in need. This includes families living below the poverty line, senior citizens, children, and homeless individuals. The organization's primary objective is to offer assistance to these vulnerable groups. They strive to make a positive impact in their lives, aiming to improve their overall well-being. The foundation's activities are geared towards alleviating their hardships and helping them navigate through challenging times.
Who is the CEO of Marchbanks Foundation Inc?
Patrick Marchbanks is the President/Ceo of Marchbanks Foundation Inc. The CEO's salary of Marchbanks Foundation Inc is $0 and their total compensation is $0.
What is the revenue of Marchbanks Foundation Inc?
Marchbanks Foundation Inc's revenue in 2022 was $597,001.
Who are the executives of Marchbanks Foundation Inc and what are their salaries?
Here are 3 key members and their salaries (Marchbanks Foundation Inc's CEO's salary is $0 and their total compensation is $0):
- 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 Marchbanks Foundation Inc?
Marchbanks Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Marchbanks Foundation Inc
Marchbanks Foundation Inc is committed to aiding and supporting impoverished families, senior citizens, children, and homeless individuals. Their mission is to extend a helping hand to those in need, ensuring they have the necessary resources to lead dignified lives. This nonprofit organization is dedicated to making a difference in the lives of the most vulnerable members of society, offering assistance where it is needed most.
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Impact
July, 2024
Marchbanks Foundation Inc has a significant impact on aiding and supporting poor needy families, seniors, children, and homeless individuals in Bakersfield, CA. Through its mission to provide assistance to those in need, the foundation positively affects the lives of vulnerable populations in the community. Its focus on human services underscores its commitment to addressing the basic needs and welfare of individuals facing hardships.
This information is meant to be a general summary of Marchbanks 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: -$15,591
- Gross Receipts: $1,011,394
Assets and Liabilities:
- Total Assets: $1,013,777
- Total Liabilities: $0
- Net Assets: $1,013,777
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Organization Details
Founding Year
2019
Phone
(661) 663-3879Principal Officer
Patrick Marchbanks
Main Address
2402 EXTON STREET, BAKERSFIELD, CA, 93311
NTEE Category
Code: P99 - Human services
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