Overview
What is New Canaan Community Foundation Inc?
New Canaan Community Foundation Inc is a nonprofit organization situated at 111 Cherry Street, New Canaan, Connecticut. Established with a mission to address local community needs, they provide leadership on various issues, make impactful grants, and facilitate effective charitable giving in New Canaan. By offering capital, program, and operational support to local nonprofit organizations, they contribute to the betterment of the community. With a team of five dedicated individuals, New Canaan Community Foundation plays a significant role in strengthening the social fabric of the area.
Official website here: www.newcanaancf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
New Canaan Community Foundation Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's overall score is based solely on its impressive accountability metrics, which indicate a high level of transparency and governance. With a perfect score in areas such as independent board membership and financial oversight, the organization demonstrates a solid commitment to ethical management and operational integrity.
The foundation has effectively maintained a strong financial structure, as evidenced by a low liabilities to assets ratio and a high program expense ratio. This suggests that the majority of its funds are directed towards programs and services rather than administrative costs. Furthermore, its fundraising efficiency is notably high, indicating effective resource utilization in generating support for its mission.
Despite its strengths, the summary does not mention any potential areas for improvement or limitations. Overall, the New Canaan Community Foundation Inc stands out as a well-managed nonprofit, dedicated to its mission with robust financial practices and governance.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about New Canaan Community Foundation Inc?
100% of 7 reviewers on Facebook recommend New Canaan Community Foundation Inc. Here is a summary of their reviews:
The nonprofit is lauded for supporting meaningful causes and is commended for its effective leadership, both by the board and executive team. Reviewers express gratitude for the foundation's role in empowering not only New Canaan residents but also the broader community, indicating a strong commitment to service and impact.
Overall, the sentiment is overwhelmingly positive, with community members appreciating the foundation's dedication and the positive outcomes of their initiatives. The consensus is that this organization truly makes a difference in the lives of those it serves.
This AI summary has been generated from reviews found on Facebook.
Is New Canaan Community Foundation Inc legitimate?
New Canaan Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Canaan 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: $159,428
Professional Fundraising Fees: $0
Other Salaries and Wages: $174,717
For more financial information, click here
Official website here: www.newcanaancf.org
What is the mission statement of New Canaan Community Foundation Inc?
The New Canaan Community Foundation plays a crucial role in addressing the community's needs. They provide leadership on local issues, make impactful grants, and facilitate effective charitable giving in New Canaan. Their mission is primarily focused on supporting the capital, program, and operating needs of local nonprofit organizations. By doing so, they aim to contribute positively to the community and improve the lives of its residents.
Official website here: www.newcanaancf.org
Who is the CEO of New Canaan Community Foundation Inc?
Lauren Patterson is the Chair of New Canaan Community Foundation Inc. The CEO's salary of New Canaan Community Foundation Inc is $124,394 and their total compensation is $137,649.
Official website here: www.newcanaancf.org
What is the revenue of New Canaan Community Foundation Inc?
New Canaan Community Foundation Inc's revenue in 2023 was $2,915,669.
Official website here: www.newcanaancf.org
Who are the executives of New Canaan Community Foundation Inc and what are their salaries?
The average compensation at New Canaan Community Foundation Inc during 2023 was $66,829. There are 5 employees and 145 volunteers at New Canaan Community Foundation Inc.
Here are 21 key members and their salaries (New Canaan Community Foundation Inc's CEO's salary is $124,394 and their total compensation is $137,649):
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- Compensation: $124,394
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- Other: $13,255
Official website here: www.newcanaancf.org
Where can I find the form 990 for New Canaan Community Foundation Inc?
New Canaan Community Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.newcanaancf.org
Learn more at the official website: www.newcanaancf.org
Mission Statement of New Canaan Community Foundation Inc
The New Canaan Community Foundation Inc plays a vital role in addressing the needs of its community by providing leadership on local issues, making impactful grants, and facilitating charitable giving in New Canaan. Its mission is multifaceted, encompassing three key areas: offering leadership on local matters, dispensing substantial grants, and fostering efficient charitable giving within the community. By providing leadership, the foundation contributes to shaping the community's response to pressing issues. Through its grant-making initiatives, it supports the capital, program, and operational needs of local nonprofit organizations. Lastly, the foundation encourages charitable giving, ensuring that resources are effectively allocated to address community needs.
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Impact
July, 2024
New Canaan Community Foundation Inc plays a crucial role in addressing the needs of the New Canaan community by providing leadership on local issues, making impactful grants, and facilitating effective charitable giving. Through grants that support the capital, program, and operating needs of local organizations, the foundation contributes significantly to the well-being and development of the community in New Canaan, CT. Their mission is to ensure that the resources they provide create a positive and lasting impact in the community, demonstrating a commitment to philanthropy and social responsibility.
This information is meant to be a general summary of New Canaan 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 2023.
- Investment Income: $782,777
- Program Service Revenue: $2,700
- Gross Receipts: $3,525,847
Assets and Liabilities:
- Total Assets: $25,768,610
- Total Liabilities: $250,791
- Net Assets: $25,517,819
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
YPF PROGRAM REVENUE
Revenue
$2,700
Organization Details
Founding Year
1977
Phone
(203) 966-0231Principal Officer
Lauren Patterson
Main Address
111 CHERRY STREET, NEW CANAAN, CT, 06840
Website
www.newcanaancf.orgNTEE Category
Code: T31 - Philanthropy
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