Overview
What is Southcoast Community Foundation Inc?
The Southcoast Community Foundation is a nonprofit organization dedicated to connecting generous donors with local community needs in our region. Through grant making, they facilitate the allocation of resources to address various community issues, acting as a catalyst for positive change.
Official website here: www.southcoastcf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Southcoast Community Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting exceptional standards in accountability and finance. The organization is fully compliant with financial best practices, indicating a strong commitment to transparency and responsible management of funds.
The foundation boasts a fully independent board, with 92% of its members meeting this criterion, contributing to robust governance. Financial metrics indicate high efficiency, with 88.03% of expenses directed towards programs, minimal liabilities, and a fundraising cost of only $0.04 to raise a dollar. This suggests that the organization effectively utilizes resources for maximum impact.
There are no noted limitations or issues within the organization’s financial practices, showcasing its solid operational framework. Overall, Southcoast Community Foundation Inc demonstrates a strong commitment to its mission and effective stewardship of donor funds.
This AI summary has been generated from information found on Charity Navigator.
Is Southcoast Community Foundation Inc legitimate?
Southcoast Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southcoast 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $145,475
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,125,741
For more financial information, click here
Official website here: www.southcoastcf.org
What is the mission statement of Southcoast Community Foundation Inc?
The Southcoast Community Foundation is dedicated to mobilizing philanthropy by bringing together donors and resources to address community needs. This mission is geared towards benefiting various regions. Through grant making, the foundation plays a crucial role in connecting generous donations with specific community requirements.
Official website here: www.southcoastcf.org
Who is the CEO of Southcoast Community Foundation Inc?
Dr Melanie Edwards-Tavar is the Principal Officer of Southcoast Community Foundation Inc. The CEO's salary of Southcoast Community Foundation Inc is $136,509 and their total compensation is $145,533.
Official website here: www.southcoastcf.org
What is the revenue of Southcoast Community Foundation Inc?
Southcoast Community Foundation Inc's revenue in 2022 was $12,813,868.
Official website here: www.southcoastcf.org
Who are the executives of Southcoast Community Foundation Inc and what are their salaries?
The average compensation at Southcoast Community Foundation Inc during 2022 was $70,623. There are 18 employees and 61 volunteers at Southcoast Community Foundation Inc.
Here are 21 key members and their salaries (Southcoast Community Foundation Inc's CEO's salary is $136,509 and their total compensation is $145,533):
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- Compensation: $136,509
- Related: $0
- Other: $9,024
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- Compensation: $124,612
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- Other: $7,916
- Compensation: $120,000
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- Other: $0
- Compensation: $111,996
- Related: $0
- Other: $30,656
- Compensation: $219,846
- Related: $0
- Other: $33,963
Official website here: www.southcoastcf.org
Where can I find the form 990 for Southcoast Community Foundation Inc?
Southcoast Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.southcoastcf.org
Learn more at the official website: www.southcoastcf.org
Mission Statement of Southcoast Community Foundation Inc
The Southcoast Community Foundation, a leading philanthropic organization, is committed to mobilizing resources and connecting donors with community needs for the betterment of the region. With a mission to "Mobilize Philanthropy by Matching Donors and Resources with Community Needs," the Southcoast Community Foundation serves as a bridge between those who wish to give and the causes that require support.
In action, this organization identifies and addresses pressing community needs through its grant-making programs. By bringing together generous donors and worthy causes, the Southcoast Community Foundation fosters a culture of giving and collaboration that benefits the entire community. This approach enables the organization to create a lasting impact on various social issues, from education and health to arts and culture, ensuring a thriving and vibrant future for all.
The Southcoast Community Foundation's mission is essential in addressing the complex challenges faced by communities and fostering sustainable solutions. Its commitment to matching donors and resources with community needs allows it to respond to emerging needs and address the root causes of social issues effectively, ultimately improving the lives of countless individuals and families within the region.
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Impact
October, 2024
Southcoast Community Foundation Inc actively engages in philanthropy by effectively connecting donors with critical community needs in the region. By identifying and addressing these needs, the Foundation enhances the quality of life for residents in New Bedford and surrounding areas. Its grant-making programs play a vital role in channeling resources towards impactful initiatives, ensuring that the philanthropy mobilized benefits the community as a whole. This approach not only fosters collaboration between donors and local organizations but also strengthens the social fabric of the region, promoting resilience and growth.
This information is meant to be a general summary of Southcoast 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: $971,504
- Gross Receipts: $12,913,071
Assets and Liabilities:
- Total Assets: $49,607,521
- Total Liabilities: $1,744,563
- Net Assets: $47,862,958
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Organization Details
Founding Year
1995
Phone
(508) 996-8253Principal Officer
Dr Melanie Edwards-Tavar
Main Address
128 UNION STREET 403, NEW BEDFORD, MA, 02740
Website
www.southcoastcf.orgNTEE Category
Code: T31 - Philanthropy
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