Overview
What is Brophy Community Foundation?
Brophy Community Foundation, established in Arizona, is a prominent nonprofit organization that strives to make private K-12 education affordable and accessible for families with verified financial needs. They achieve this mission by raising funds and distributing them to eligible Arizona families. In the fiscal year 2022-2023, the foundation garnered a substantial amount of support, including $8,011,000 in corporate donations, $1,726,519 in individual donations, and $77,123 in employee matching contributions. As a result, they granted 2,434 tuition aid awards totalling $7,149,010 to assist primarily low-income and working-poor families during the 2022-2023 school year. The foundation's headquarters is located in Phoenix, Arizona.
Official website here: www.brophyfoundation.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 87% (Three-Star out of Four Star Rating)**
The Brophy Community Foundation has earned a Three-Star rating from Charity Navigator, based on a strong performance in the Accountability & Finance category. With a solid score of 87%, the organization demonstrates effective fiscal management, showing no significant issues with asset diversion and maintaining a fully independent board. This focus on governance and transparency suggests a commitment to responsible stewardship of donor funds.
Strengths of the organization include excellent scores in areas such as program expense ratio, where nearly all funds are directed towards their programs, as well as a strong working capital ratio. The foundation has also established comprehensive policies regarding conflicts of interest and whistleblower protections, reflecting a culture of accountability and integrity.
However, the rating indicates a need for improvement in areas such as fundraising efficiency and the liabilities to assets ratio, where the organization scored lower. While additional metrics regarding impact and community engagement are not yet scored, these facets could provide a more rounded view of the foundation's effectiveness moving forward.
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This AI summary has been generated from information found on Charity Navigator.
Is Brophy Community Foundation legitimate?
Brophy Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Brophy Community 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $196,925
For more financial information, click here
Official website here: www.brophyfoundation.org
What is the mission statement of Brophy Community Foundation?
The Brophy Community Foundation, one of Arizona's earliest school tuition organizations, is committed to raising and distributing funds for families in Arizona who have a verified financial need. Its mission is to make private K-12 education affordable and accessible for these families. During the 2022-2023 fiscal year, the foundation garnered significant contributions, including $8,011,000 in corporate donations, $1,726,519 in individual donations, and $77,123 in companies' matching contributions. As a result, it awarded 2,434 tuition aid awards totaling $7,149,010 to primarily low-income and working-poor families for the 2022-2023 school year. The foundation's efforts contribute to making quality education more accessible for families in financial need, thereby empowering them to provide their children with a better educational future.
Official website here: www.brophyfoundation.org
Who is the CEO of Brophy Community Foundation?
Dawn Kennedy is the President of Brophy Community Foundation.
Official website here: www.brophyfoundation.org
What is the revenue of Brophy Community Foundation?
Brophy Community Foundation's revenue in 2023 was $10,259,881.
Official website here: www.brophyfoundation.org
Who are the executives of Brophy Community Foundation and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.brophyfoundation.org
Where can I find the form 990 for Brophy Community Foundation?
Brophy Community Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.brophyfoundation.org
Learn more at the official website: www.brophyfoundation.org
Mission Statement of Brophy Community Foundation
The Brophy Community Foundation, one of Arizona's earliest school tuition organizations, is committed to raising and distributing funds for families with a verified financial need. Their mission is to make private K-12 education affordable and accessible. In the fiscal year 2022-2023, the foundation successfully secured corporate donations worth $8,011,000, individual donations totaling $1,726,519, and $77,123 in companies' matching contributions on behalf of their employees. These contributions were then channeled towards awarding 2,434 tuition aid awards, amounting to $7,149,010, primarily to low-income and working-poor families for the 2022-2023 school year. By undertaking this mission, the Brophy Community Foundation is making a significant impact in ensuring that children from financially disadvantaged backgrounds have access to quality private education, thereby contributing to their overall growth and development.
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Impact
July, 2024
Brophy Community Foundation's impact is significant in making private K-12 education affordable and accessible for Arizona families with verified financial need. In the fiscal year 2022-2023, the Foundation raised $8,011,000 in corporate donations, $1,726,519 in individual donations, and $77,123 in companies' matching contributions. This funding allowed the Foundation to award 2,434 tuition aid awards totaling $7,149,010 to primarily low-income and working poor families for the 2022-2023 school year. Their efforts contribute to ensuring that children from disadvantaged backgrounds have the opportunity to receive a quality education.
This information is meant to be a general summary of Brophy Community 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 2023.
- Investment Income: $445,239
- Gross Receipts: $10,259,881
Assets and Liabilities:
- Total Assets: $22,958,554
- Total Liabilities: $14,399,684
- Net Assets: $8,558,870
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Organization Details
Founding Year
1998
Phone
(602) 264-5291Principal Officer
Dawn Kennedy
Main Address
4701 NORTH CENTRAL AVENUE, PHOENIX, AZ, 85012
Website
www.brophyfoundation.orgNTEE Category
Code: B82 - Education
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