Overview
What is Community Foundation Of Harford County Inc?
The Community Foundation of Harford County Inc is a nonprofit organization that actively promotes and boosts philanthropy. Their primary objective is to build and manage endowments, ensuring they cater to the requirements of various tax-exempt organizations in Harford County. This nonprofit organization strives to support these not-for-profit entities through a variety of programs, all aimed at promoting and expanding philanthropy within the community.
Official website here: www.cfharfordcounty.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 78%, Three-Star out of Four Star rating.
The Community Foundation of Harford County Inc has earned a Three-Star rating from Charity Navigator, indicating a moderate level of accountability and financial stability. The rating is primarily based on a solid accountability and finance score of 78%, reflecting the organization’s strong governance practices, including a fully independent board and comprehensive financial oversight.
Strengths of this nonprofit include a robust governance structure, with 100% of board members being independent and maintaining a large board size. Additionally, the foundation demonstrates transparency through policies on conflict of interest, whistleblower protection, and documented meeting minutes. Their sound financial management is evidenced by a low liabilities-to-assets ratio, which suggests a healthy financial position.
However, the organization faces some limitations, particularly in its program expense ratio, which stands at 55.40%. This indicates that a smaller portion of its expenses is allocated directly to programs compared to overhead costs. Potential donors may want to consider this aspect when evaluating the impact of the foundation's work in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of Harford County Inc legitimate?
Community Foundation Of Harford County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of Harford County 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: $86,157
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,634
For more financial information, click here
Official website here: www.cfharfordcounty.org
What is the mission statement of Community Foundation Of Harford County Inc?
The Community Foundation of Harford County Inc's mission is centered around fostering philanthropy. They achieve this by constructing and managing endowments to cater to the needs of non-profit organizations within Harford County. The foundation supports these tax-exempt organizations through various programs, all geared towards enhancing and promoting philanthropy.
Official website here: www.cfharfordcounty.org
Who is the CEO of Community Foundation Of Harford County Inc?
Michael Allen is the Chair of Community Foundation Of Harford County Inc.
Official website here: www.cfharfordcounty.org
What is the revenue of Community Foundation Of Harford County Inc?
Community Foundation Of Harford County Inc's revenue in 2022 was $869,852.
Official website here: www.cfharfordcounty.org
Who are the executives of Community Foundation Of Harford County Inc and what are their salaries?
The average compensation at Community Foundation Of Harford County Inc during 2022 was $49,896. There are 2 employees at Community Foundation Of Harford County Inc.
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Official website here: www.cfharfordcounty.org
Where can I find the form 990 for Community Foundation Of Harford County Inc?
Community Foundation Of Harford County Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfharfordcounty.org
Learn more at the official website: www.cfharfordcounty.org
Mission Statement of Community Foundation Of Harford County Inc
The Community Foundation of Harford County, as a philanthropic organization, is committed to fostering and strengthening charitable giving in Harford County. Its mission is to construct and manage endowments, aiming to address the needs of local not-for-profit entities. Through various programs, this foundation serves as a supporter of tax-exempt organizations, working tirelessly to promote and expand philanthropy in the region. In essence, the Community Foundation of Harford County plays a vital role in building a more charitable and supportive community by providing resources and opportunities for local nonprofits to thrive.
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Impact
July, 2024
The impact of the Community Foundation of Harford County Inc is significant in promoting and increasing philanthropy in Harford County. By building and managing endowments to meet the needs of not-for-profit organizations, the foundation plays a crucial role in supporting tax-exempt organizations through various programs focused on philanthropy. This allows for a sustainable source of funding for community initiatives and projects that benefit the residents of Harford County.
This information is meant to be a general summary of Community Foundation Of Harford County 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: $111,310
- Program Service Revenue: $7,338
- Gross Receipts: $1,259,961
Assets and Liabilities:
- Total Assets: $3,051,184
- Total Liabilities: $657,782
- Net Assets: $2,393,402
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Agency fees
Revenue
$7,338
Organization Details
Founding Year
2006
Principal Officer
Michael Allen
Main Address
P O Box 612, Bel Air, MD, 210143836
Website
www.cfharfordcounty.orgNTEE Category
Code: T31 - Philanthropy
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