Overview
What is The Community Foundation For Greater New Haven?
The Community Foundation for Greater New Haven, a local nonprofit based at 70 Audubon Street in New Haven, Connecticut, aims to foster positive and enduring change in the region by enhancing the effectiveness of community philanthropy. With a mission to increase the amount and amplify the impact of charitable giving, this organization supports programs and services that promote civic vitality. The foundation, with a workforce of 48 employees, is dedicated to making a lasting difference in Connecticut's Greater New Haven area.
Official website here: www.cfgnh.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100%, Four-Star out of Four Star rating.
The Community Foundation For Greater New Haven has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's overall score is a result of its exceptional practices, including a fully independent board, comprehensive financial oversight, and adherence to multiple best practices in governance. This high score indicates a commitment to transparency and responsible financial management.
Strengths of this foundation include a robust program expense ratio of 83%, which suggests that a significant portion of its resources is directed toward its mission-driven programs. Additionally, the foundation boasts a low fundraising efficiency ratio of $0.05, indicating that it effectively manages fundraising costs while maximizing donations to support its initiatives. The presence of detailed policies regarding conflict of interest and whistleblower protections further reinforces its dedication to ethical governance.
While the foundation displays strong financial health, as evidenced by a liabilities to assets ratio of only 4.55% and a working capital ratio of 17.85 years, there are no noted limitations in the available data. Overall, The Community Foundation For Greater New Haven stands out as a financially sound organization with a clear focus on accountability and community impact.
This AI summary has been generated from information found on Charity Navigator.
Is The Community Foundation For Greater New Haven legitimate?
The Community Foundation For Greater New Haven is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Community Foundation For Greater New Haven 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: $772,416
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,773,708
For more financial information, click here
Official website here: www.cfgnh.org
What is the mission statement of The Community Foundation For Greater New Haven?
The Community Foundation aims to make a lasting, positive impact on Connecticut's Greater New Haven region by growing the amount and enhancing the effect of community philanthropy. This mission is focused on creating sustainable change. The organization supports various programs and services that promote civic vitality in the community. By increasing the amount and improving the impact of community philanthropy, The Community Foundation contributes to the betterment of the region as a whole.
Official website here: www.cfgnh.org
Who is the CEO of The Community Foundation For Greater New Haven?
Wendy Gamba is the President & Ceo of The Community Foundation For Greater New Haven. The CEO's salary of The Community Foundation For Greater New Haven is $464,616 and their total compensation is $546,603.
Official website here: www.cfgnh.org
What is the revenue of The Community Foundation For Greater New Haven?
The Community Foundation For Greater New Haven's revenue in 2022 was $73,644,314.
Official website here: www.cfgnh.org
Who are the executives of The Community Foundation For Greater New Haven and what are their salaries?
The average compensation at The Community Foundation For Greater New Haven during 2022 was $94,711. There are 48 employees and 554 volunteers at The Community Foundation For Greater New Haven.
Here are 21 key members and their salaries (The Community Foundation For Greater New Haven's CEO's salary is $464,616 and their total compensation is $546,603):
- Compensation: $464,616
- Related: $0
- Other: $81,987
- Compensation: $366,693
- Related: $0
- Other: $52,931
- Compensation: $331,651
- Related: $0
- Other: $43,496
- Compensation: $243,055
- Related: $0
- Other: $27,258
- Compensation: $247,616
- Related: $0
- Other: $21,825
- Compensation: $240,830
- Related: $0
- Other: $27,191
- Compensation: $194,030
- Related: $0
- Other: $31,783
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.cfgnh.org
Where can I find the form 990 for The Community Foundation For Greater New Haven?
The Community Foundation For Greater New Haven's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfgnh.org
Learn more at the official website: www.cfgnh.org
Mission Statement of The Community Foundation For Greater New Haven
The Community Foundation For Greater New Haven is a philanthropic organization with a mission to bring about positive and long-lasting change in Connecticut's greater New Haven region. Through community philanthropy, it seeks to increase the amount and enhance the impact of charitable giving.
Specifically, The Community Foundation focuses on civic vitality by granting funds to programs and services that strengthen the community. By investing in these initiatives, it aims to foster a thriving and engaged civil society in the greater New Haven area.
The organization's dedication to creating sustainable change is reflected in its work, which goes beyond just writing checks. It collaborates with local organizations, providing them with resources, expertise, and networking opportunities to maximize their impact. In this way, The Community Foundation acts as a catalyst, bringing together various stakeholders to address the most pressing needs of the community.
Its commitment to positive change is a beacon of hope for the residents of the greater New Haven region, as they work together towards a common goal of making their community a better place to live, work, and grow.
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Impact
October, 2024
The Community Foundation for Greater New Haven drives positive and sustainable change in the Greater New Haven region by amplifying the impact of community philanthropy. Through its focused grant-making, it supports programs and services that enhance civic vitality. By fostering collaboration and resource investment, the foundation plays a crucial role in addressing community needs and strengthening the local fabric, ultimately leading to a more engaged and vibrant community in Connecticut. Its efforts aim to elevate the quality of life for residents and encourage active participation in civic life.
This information is meant to be a general summary of The Community Foundation For Greater New Haven. 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: $46,133,735
- Gross Receipts: $280,263,122
Assets and Liabilities:
- Total Assets: $679,592,958
- Total Liabilities: $49,266,230
- Net Assets: $630,326,728
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Organization Details
Founding Year
1928
Phone
(203) 777-2386Principal Officer
Wendy Gamba
Main Address
70 AUDUBON STREET, NEW HAVEN, CT, 06510
Website
www.cfgnh.orgNTEE Category
Code: T310 - Philanthropy
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