You are now searching

   

New York BBB Wise Giving Report for
James Beard Foundation

A BBB Accredited charity

 


  • Meets all standards

Expiration Date:
04/2015
Name:
James Beard Foundation
Address:
167 West 12th Street
New York, NY 10011
Phone:
212-675-4984
Year, State Incorporated:
1986, New York
Affiliates:
None
Stated Purpose:
" Celebrates, nurtures, and preserves America's diverse culinary heritage and culture "






Evaluation Conclusions
 

              
James Beard Foundation (JBF) meets the 20 Standards for Charity Accountability.




Programs
 

              
The charitable and educational purposes for which the foundation was established are to preserve and promulgate America's culinary heritage and the legacy of James Beard, maintain the Beard house as a historical culinary center, as a showcase for educational programs relating to food, as a performance space, gallery, research library, and meeting center for those interested in the advancement of the culinary arts in America. Additionally, the foundation was established to support other not-for-profit culinary organizations, provide scholarships to individuals pursuing a career in the culinary arts and recognize and promote excellence in all aspects of culinary arts.



Governance
 

              
Chief Executive Officer:
Susan Ungaro, President
Compensation*:
$304,708
Chair of the Board:
Emily Luchetti
Chair's Profession / Business Affiliation:
Farallon & Waterbar
Board Size:
24
Paid Staff Size:
44



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




Fund Raising
 

              
Method(s) Used:


Invitations to fund raising events, 25th anniversary scholarship drive
Fund raising costs were 9.1% of related contributions. (Related contributions, which totaled $6,487,374, are donations received as a result of fund raising activities.)




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.




Financial
 

              
The following information is based on JBF's Audited Financial Statements for the fiscal year ended March 31, 2012.

Source of Funds  

Gala events

$1,972,515

In-house events

1,562,129

Contributions

1,519,112

Out of house auctions

1,433,618

Membership Fee

589,949

Education program fee

152,500

Newsletter advertising

99,336

Dividend and interest

2,432

Total Income

$7,331,591

Program Expenses  

Awards

$1,665,151

In house

1,512,863

Out of house events

723,165

Scholarship and education

669,004

Publications and communications

559,951

Member services

232,686
Total Program Expenses:
Fund Raising Expenses
Administrative Expenses

Total expenses

Income in Excess of Expenses

5,362,820
589,826
1,062,868

$6,995,514

$336,077




Uses of Funds as a % of Total Expenses


Programs: 77%  Fund Raising: 8%  Administrative 15% 
Roll the cursor over the pie chart to see the dollar amounts.


Beginning net assets $(1,138,073)
Ending net assets (801,996)
Total liabilities 3,602,099

Total assets

$2,800,103






 

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. 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 fundraising or promotional purposes and may not be reproduced or distributed in whole or in part.