Better Business Bureau Report for
Barrington Area Community Foundation

Better Business Bureau Report issued February 2015
Better Business Bureau Report expires February 2017


This BBB Accredited charity meets all 20 Standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Barrington Area Community Foundation
Address: 421 N Northwest Highway Ste 201
  Barrington, IL 60010
Phone: 847-382-8800
Web Address: barringtonareacommunityfoundation.org
Also known as:None
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Better Business Bureau Comments

Formerly known as:None

Year, State Incorporated: 1998, Illinois
Affiliates: None
Stated Purpose: BACF was established 15 years ago to grant seed money to charitable organizations in the Barrington area for the purpose of initiating or expanding programs and projects that address unmet needs in the surrounding community.

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Evaluation Conclusions

              

Barrington Area Community Foundation meets the 20 Standards for Charity Accountability.
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Programs

              

BACF addresses a wide range of unmet needs in its community in the areas of Human Services, Healthcare, Education, Art & Culture, Environment and Economic Development. The Foundation is in a unique position to determine which new programs will best serve its area.

For the fiscal year ended December 31, 2013, Barrington Area Community Foundation's program expenses were:

  
Total grants 136,000
Total Program Expenses: $136,000
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Governance

              

Chief Executive : No paid chief executive, NA
Compensation*: 
$

Chair of the Board: Gerry Nadig
Chair's Profession / Business Affiliation: Retired senior officer, Fortune 100 company

Board Size: 25

Paid Staff Size: 0

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

direct mail, invitations to fund raising events, internet
Fund raising costs were 2% of related contributions. (Related contributions, which totaled $477,067, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on Barrington Area Community Foundation's audited financial statements for the fiscal year ended December 31, 2013.

Source of Funds  
Investment Income 664,682
Special Events 268,478
Contributions and Grants 208,589
Net Assets Released from Restrictions
Costs of Direct Benefits to Donors -105,676
Total Income $1,036,073


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Uses of Funds as a % of Total Expenses

Programs: 80%  Fund Raising: 7%  Administrative: 13% 

Total income $1,036,073
Program expenses $136,000
Fund raising expenses 11,299
Administrative expenses 22,215
Total expenses $169,514
Income in Excess of Expenses 866,559
Beginning net assets 3,609,858
Ending net assets 4,476,417
Total liabilities 16,524
Total assets $4,492,941


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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