Overview
What is Greater Lowell Community Foundation Inc?
Greater Lowell Community Foundation Inc is a nonprofit organization situated in Lowell, Massachusetts, specifically at 100 Merrimack Street, 01852. Their primary mission is to enhance the quality of life in the Greater Lowell community. They accomplish this by attracting funds, distributing grants to local non-profit agencies, and functioning as a catalyst and leader among funders, agencies, and individuals to tackle identified and emerging needs. The foundation serves as a compassionate and professional steward of donor funds, building upon the creative vision of its founders and the community. Furthermore, they promote and encourage the role of philanthropy in improving the quality of life in the communities they serve. With a team of seven dedicated individuals, Greater Lowell Community Foundation Inc aims to contribute positively to its local community.
Official website here: www.glcfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Star rating)
The Greater Lowell Community Foundation Inc has earned a commendable four-star rating from Charity Navigator, reflecting its strong commitment to accountability and financial management. With a score of 97% in Accountability & Finance, the organization demonstrates effective governance through an entirely independent board and sound financial practices, including no material diversion of assets and robust oversight measures.
Strengths of the organization include its high program expense ratio of 91.53%, showcasing a dedication to programmatic impact over administrative costs. Additionally, the foundation excels in both Leadership & Adaptability and Culture & Community, receiving perfect scores in these areas, which highlights its effective leadership and positive organizational culture aimed at community engagement and philanthropy.
While the data indicates significant strengths, it is important for potential donors and stakeholders to consider the foundation's strategic goals focused on improving quality of life in Greater Lowell. The foundation's mission and vision emphasize impactful philanthropy, indicating a clear commitment to making a difference in the community, although ongoing evaluation of its long-term impact would be beneficial.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Lowell Community Foundation Inc legitimate?
Greater Lowell Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Lowell 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: $172,180
Professional Fundraising Fees: $0
Other Salaries and Wages: $465,177
For more financial information, click here
Official website here: www.glcfoundation.org
What is the mission statement of Greater Lowell Community Foundation Inc?
The Greater Lowell Community Foundation's mission is to enhance the quality of life in its served area. Acting as a community resource, it attracts funds, distributes grants, and serves as a catalyst and leader among funders, agencies, and individuals. The foundation aims to address identified and emerging needs, acting as a compassionate and professional steward of donor funds. It also encourages and promotes the role of philanthropy in improving the lives of the communities it serves, building upon the creative vision of its founders.
Official website here: www.glcfoundation.org
Who is the CEO of Greater Lowell Community Foundation Inc?
James F Linnehan Jr Esq is the President & of Greater Lowell Community Foundation Inc.
Official website here: www.glcfoundation.org
What is the revenue of Greater Lowell Community Foundation Inc?
Greater Lowell Community Foundation Inc's revenue in 2022 was $9,411,237.
Official website here: www.glcfoundation.org
Who are the executives of Greater Lowell Community Foundation Inc and what are their salaries?
The average compensation at Greater Lowell Community Foundation Inc during 2022 was $91,051. There are 7 employees and 112 volunteers at Greater Lowell Community Foundation Inc.
Here are 26 key members and their salaries:
- Compensation: $163,488
- Related: $0
- Other: $8,692
- Compensation: $130,403
- Related: $0
- Other: $16,854
- Compensation: $112,678
- Related: $0
- Other: $28,514
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.glcfoundation.org
Where can I find the form 990 for Greater Lowell Community Foundation Inc?
Greater Lowell Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.glcfoundation.org
Learn more at the official website: www.glcfoundation.org
Mission Statement of Greater Lowell Community Foundation Inc
Greater Lowell Community Foundation Inc is a community resource committed to enhancing the quality of life in its served areas. This foundation serves as a catalyst and leader among various funders, agencies, and individuals, attracting funds, distributing grants, and addressing both identified and emerging needs. As a compassionate and professional steward of donor funds, Greater Lowell Community Foundation Inc builds upon the creative vision of its founders and the community, actively promoting and encouraging the role of philanthropy in improving the lives of those residing in the communities it serves.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Greater Lowell Community Foundation Inc plays a vital role in improving the quality of life in the Greater Lowell community by attracting funds, distributing grants, and serving as a leader among funders, agencies, and individuals to address identified and emergent needs. Through its philanthropic efforts, this organization distributes grants to local non-profit agencies and scholarships to area students, ultimately striving to enhance the overall well-being of the community. By promoting and encouraging the practice of philanthropy, the foundation actively contributes to the betterment of the communities it serves.
This information is meant to be a general summary of Greater Lowell 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: $1,462,078
- Gross Receipts: $19,175,329
Assets and Liabilities:
- Total Assets: $53,462,931
- Total Liabilities: $9,343,446
- Net Assets: $44,119,485
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1997
Phone
(978) 970-1600Principal Officer
James F Linnehan Jr Esq
Main Address
100 MERRIMACK STREET, LOWELL, MA, 01852
Website
www.glcfoundation.orgNTEE Category
Code: T31 - Philanthropy
If you are a representative of Greater Lowell Community Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.