Overview
What is Waltham Community Foundation Inc?
Waltham Community Foundation Inc is a crucial nonprofit organization based in Waltham, Massachusetts. Their primary mission is to distribute grants to various community agencies within the city, aiming to enhance local services and initiatives. By providing financial support, they contribute to the betterment of Waltham's community as a whole. The foundation's work is instrumental in supporting a wide range of local organizations, ultimately fostering a more vibrant and connected community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
The Waltham Community Foundation Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in its operational practices. The organization performs well in several areas, including having an independent board and a solid program expense ratio of nearly 89%, which suggests that a significant portion of its expenses is directed towards its programs rather than administrative costs.
However, the foundation faces criticism for lacking essential governance policies, including a conflict of interest policy and a whistleblower policy, which are critical for maintaining transparency and accountability. Additionally, the absence of the tax form on its website raises concerns about accessibility and compliance with best practices in nonprofit governance.
While the foundation shows promise with high scores in accountability and finance, the missing policies and documents indicate areas that require attention to enhance its overall effectiveness and trustworthiness. Addressing these limitations could significantly improve its standing and impact within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Waltham Community Foundation Inc legitimate?
Waltham Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waltham Community Foundation 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.
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What is the mission statement of Waltham Community Foundation Inc?
The Waltham Community Foundation Inc's mission revolves around distributing grants to various community agencies. By doing so, they aim to support and empower these organizations in their endeavors to positively impact their respective communities. The foundation serves as a significant source of funding, enabling these agencies to carry out their initiatives effectively and contribute to the betterment of their communities. The distribution of these grants is a testament to the foundation's commitment to fostering community development and improvement.
Who is the CEO of Waltham Community Foundation Inc?
Frederick Wilder is the Treasurer of Waltham Community Foundation Inc.
What is the revenue of Waltham Community Foundation Inc?
Waltham Community Foundation Inc's revenue in 2022 was $28,939.
Who are the executives of Waltham Community Foundation Inc and what are their salaries?
Here are 14 key members and their salaries:
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Where can I find the form 990 for Waltham Community Foundation Inc?
Waltham Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Waltham Community Foundation Inc
Waltham Community Foundation Inc, as its mission statement suggests, is dedicated to distributing grants to various community agencies within its sphere. This mission is a crucial part of its operations, aimed at providing necessary financial support to organizations that contribute to the betterment of the community. By allocating grants, Waltham Community Foundation Inc plays a pivotal role in empowering these agencies to carry out their respective initiatives and programs, ultimately benefiting the community as a whole. The foundation's mission is a testament to its commitment to strengthening the community by investing in the organizations that drive positive change and improvement.
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Impact
August, 2024
Waltham Community Foundation Inc's impact can be seen through its distribution of grants to community agencies in Waltham. By providing financial support to these organizations, the foundation helps strengthen the local community, address critical needs, and improve the lives of residents in Waltham, Massachusetts. Through its philanthropic efforts, Waltham Community Foundation Inc plays a vital role in supporting and enhancing the well-being of the community it serves.
This information is meant to be a general summary of Waltham Community Foundation 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: $28,939
- Gross Receipts: $28,939
Assets and Liabilities:
- Total Assets: $515,656
- Total Liabilities: $0
- Net Assets: $515,656
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Organization Details
Founding Year
1951
Phone
(339) 222-3383Principal Officer
Frederick Wilder
Main Address
P O BOX 52, WALTHAM, MA, 02454
NTEE Category
Code: T31 - Philanthropy
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