Overview
What is Cambridge Community Foundation?
The Cambridge Community Foundation, established in 1916, is a dedicated nonprofit organization based in Cambridge, Massachusetts. Its mission is to enhance the quality of life for the city's residents by providing direct financial grants, offering technical assistance, and fostering partnerships among various community organizations. By doing so, the foundation aims to coordinate services, address gaps, and highlight emerging issues in six key areas: early childhood services, youth services, senior services, community services, emergency services, and arts and the environment. The foundation serves as a pillar of civic leadership in Cambridge, supporting numerous nonprofit community organizations to carry out their respective missions. With a modest workforce of 11 employees, the Cambridge Community Foundation remains committed to improving the lives of its local population.
Official website here: www.cambridgecf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star Rating
The Cambridge Community Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The overall score reflects a strong commitment to transparency, with 100% of its score derived from the Accountability & Finance beacon, showcasing the foundation's dedication to responsible management of resources.
Strengths of the organization include a well-structured governance model, featuring a board of directors with 84% independent members, which promotes unbiased decision-making. The foundation also adheres to best practices in financial oversight, demonstrated by its excellent performance in areas such as material diversion of assets and program expense ratios, ensuring that a significant portion of funds directly supports its initiatives.
Despite its strengths, the data does not highlight any specific limitations or concerns regarding the foundation's operations. Overall, the Cambridge Community Foundation exemplifies a responsible nonprofit that effectively utilizes its resources to benefit the community.
This AI summary has been generated from information found on Charity Navigator.
Is Cambridge Community Foundation legitimate?
Cambridge Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cambridge Community Foundation 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: $659,816
Professional Fundraising Fees: $0
Other Salaries and Wages: $766,958
For more financial information, click here
Official website here: www.cambridgecf.org
What is the mission statement of Cambridge Community Foundation?
The Cambridge Community Foundation (CCF) is committed to enhancing the living standards of its residents. Established in 1916, the foundation serves its community through civic leadership and the support of nonprofit organizations. It provides direct financial grants, offers technical assistance, and facilitates partnerships among organizations to coordinate services, address gaps, and highlight emerging issues. The foundation's areas of focus include early childhood services, youth services, senior services, community services, emergency services, and arts and the environment. By leveraging these initiatives, the Cambridge Community Foundation aims to improve the overall quality of life for its community members.
Official website here: www.cambridgecf.org
Who is the CEO of Cambridge Community Foundation?
Phil Johnson is the Board Chairm of Cambridge Community Foundation.
Official website here: www.cambridgecf.org
What is the revenue of Cambridge Community Foundation?
Cambridge Community Foundation's revenue in 2023 was $9,057,773.
Official website here: www.cambridgecf.org
Who are the executives of Cambridge Community Foundation and what are their salaries?
The average compensation at Cambridge Community Foundation during 2023 was $129,707. There are 11 employees and 36 volunteers at Cambridge Community Foundation.
Here are 29 key members and their salaries:
- Compensation: $206,819
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- Other: $17,983
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- Other: $32,953
- Compensation: $145,059
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- Other: $26,067
- Compensation: $120,939
- Related: $0
- Other: $14,985
- Compensation: $208,115
- Related: $0
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- Compensation: $35,272
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Official website here: www.cambridgecf.org
Where can I find the form 990 for Cambridge Community Foundation?
Cambridge Community Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cambridgecf.org
Learn more at the official website: www.cambridgecf.org
Mission Statement of Cambridge Community Foundation
Cambridge Community Foundation, established in 1916, is committed to enhancing the living standards of its residents. The organization achieves this mission through its civic leadership and support of various nonprofit community organizations. By providing direct financial grants, offering technical assistance, and fostering collaborations among organizations, Cambridge Community Foundation works to coordinate services, address gaps, and bring attention to emerging issues. The foundation's areas of focus include early childhood services, youth services, senior services, community services, emergency services, and arts and the environment. By supporting work in these six sectors, Cambridge Community Foundation aims to contribute significantly to the overall well-being and quality of life for the community it serves.
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Impact
July, 2024
Cambridge Community Foundation's impact can be seen in the improved quality of life for the residents of Cambridge. Founded in 1916, the foundation serves the city through its civic leadership and support of community organizations. It achieves this by providing direct financial grants, offering technical assistance, and forming partnerships among organizations to coordinate services, address gaps, and highlight emerging issues. The foundation focuses its support in six key areas: early childhood services, youth services, senior services, community services, emergency services, and arts and the environment. Through grants paid to nonprofit agencies in the Cambridge area, Cambridge Community Foundation plays a vital role in providing essential services to the local population, contributing to the overall well-being of the community.
This information is meant to be a general summary of Cambridge Community Foundation. 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 2023.
- Investment Income: $3,031,103
- Gross Receipts: $9,843,243
Assets and Liabilities:
- Total Assets: $55,289,587
- Total Liabilities: $2,547,314
- Net Assets: $52,742,273
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Organization Details
Founding Year
1916
Phone
(617) 576-9966Principal Officer
Phil Johnson
Main Address
99 BISHOP ALLEN DRIVE, CAMBRIDGE, MA, 02139
Website
www.cambridgecf.orgNTEE Category
Code: T31 - Philanthropy
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