Business Industry Foundation of Middlesex County Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
THE FOUNDATION CONDUCTS EDUCATIONAL SEMINARS AND EMPLOYMENT RELATED PROGRAMS FOR THE BENEFIT OF THE BUSINESS COMMUNITY.
- Income
- $718,595
- Spending
- $720,425
- Spent on programs
- 98%
- Reserves
- 9.3 months of spending
- Largest source of income
- donations and private grants, 61%
- Employees
- 83
- Volunteers
- 0
- Highest pay
- $234,396, secretary
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 76 out of 100. Higher than 56% of charities in its peer group (employment, $250k to $1m).
Reserves
28 of 35Spendable reserves would cover 9.3 months of spending.
Debt
10 of 20It owes 42% of what it owns.
Living within its means
8 of 15Spending exceeded income by 0% of income.
Income trend
15 of 15Income rose 7% on the year before.
Spending floor
15 of 1598% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 93% of charities in its peer group (employment, $250k to $1m).
Independent board
25 of 2517 of 17 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $707,387 spent. WORKER PREPARATION AND TRAINING PROGRAMS INCLUDING THOSE DESIGNED TO HELP WELFARE RECIPIENTS AND DISADVANTAGED YOUTH DEVELOP WORK RELATED DISCIPLINES AND THOSE DESIGNED TO PROVIDE JOB TRAINING. AN ENTREPRENEURIAL AND BUSINESS DEVELOPMENT COURSE, DESIGNED TO ASSIST MINORITY SMALL BUSINESS TO BECOME MORE SUCCESSFUL BY DEVELOPING THE ATTITUDES, SKILLS AND QUALITIES NECESSARY FOR EFFECTIVE BUSINESS OWNERSHIP AND SUCCESS.
- THE RECOVERY EMPLOYMENT PROGRAM (REP) HELPS THOSE IN RECOVERY REBUILD LIVES THAT HAVE BEEN TORN AND RIPPED APART DUE TO ADDICTION. MANY DON'T SEE A WAY OUT, OR NO HOPE. BUT WITH THE REP, THERE IS. WE OFFER EMPLOYMENT TO MANY WHO EVEN SEE THEMSELVES AS UNEMPLOYABLE. WHY? MANY HAVE THE PROPER SKILLS SETS, BUT ARE LACKING SELF-ESTEEM DUE THEIR PAST ADDICTION. HOWEVER, THE RECOVERY EMPLOYMENT PROGRAM REASSERTS CONFIDENCE IN THE JOB APPLICANT'S ABILITIES AND IN THEMSELVES AS THEY GAIN EMPLOYMENT. WE OFFER JOB COACHING AS WELL AS COUNSEL. THIS IS NOT JUST A JOB PLACEMENT PROGRAM, BUT IT IS A LIFE SKILL PROGRAM THAT WILL HELP PEOPLE IN RECOVERY WITH THE LIFE SKILLS THEY NEED THROUGH THE COACHING ASPECT OF THE PROGRAM.THE RECOVERY EMPLOYMENT PROGRAM, IS A PROGRAM WITH OPPORTUNITIES.THIS PROGRAM WILL SERVE THE COMMUNITY OF THOSE WHO ARE IN RECOVERY AND PUTTING THEIR LIVES BACK TOGETHER. TOGETHER AS A COMMUNITY WE CAN HELP THEM TAKE THE NECESSARY STEPS ON THEIR ROAD.
- SIDE STREET TO MAIN STREET PROGRAM - EDUCATES ENTREPRENEURS IN BUSINESS DISCIPLINES SUCH AS MARKETING, FINANCIAL STATEMENTS, BANKING AND CURRENT SOFTWARE APPLICATIONS FOR BUSINESS.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 1987.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.