Overview
What is Stonewall Community Foundation?
Stonewall Community Foundation is a nonprofit organization situated in New York City, specifically at 231 WEST 29TH STREET 205, New York, NY 10001. Their primary mission is to support the LGBTQ community in New York City by engaging donors, empowering leaders, and investing in impactful organizations. Through their Fund Partner Program, donors can customize grantmaking and scholarship initiatives for the LGBTQ community, utilizing various fund types such as donor-advised funds. The foundation also provides operating and project support through its operating and other discretionary funds. In 2020, they expanded their Microgrants Program, offering strategic financial assistance for individuals, including COVID-19 emergency relief grants paid directly to non-profit service providers.
Official website here: www.stonewallfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97%, Four-Star out of Four Star rating.
The Stonewall Community Foundation demonstrates a strong commitment to accountability and financial integrity, supported by a Four-Star rating from Charity Navigator. With an impressive 96% score in Accountability & Finance and a perfect score of 100% in Leadership & Adaptability, the organization showcases its effective governance and financial management. The foundation maintains a fully independent board and has robust policies in place, ensuring transparency and ethical oversight.
Strengths include a high program expense ratio of 70%, indicating that a significant portion of funds is directed towards its core mission. Furthermore, its investment in leadership development through targeted training programs highlights a proactive approach to addressing issues of racial justice and systemic inequality. This focus on community engagement and development enhances its impact.
While the organization appears to excel in many areas, it is essential to continue monitoring its operational efficiency and programmatic outcomes. Overall, the Stonewall Community Foundation stands out as a well-managed nonprofit committed to fostering equity and community support.
This AI summary has been generated from information found on Charity Navigator.
Is Stonewall Community Foundation legitimate?
Stonewall Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stonewall 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:
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Other Salaries and Wages: $598,091
For more financial information, click here
Official website here: www.stonewallfoundation.org
What is the mission statement of Stonewall Community Foundation?
Stonewall Community Foundation strengthens the LGBTQ community in New York City by engaging donors, empowering community leaders, and investing in dynamic organizations. They achieve this through three key methods: inspired and thoughtful community investment, leadership development initiatives, and legacy building through endowments, funds, scholarships, and trusts. By implementing these strategies, Stonewall Community Foundation aims to positively impact and support the LGBTQ community within the city.
Official website here: www.stonewallfoundation.org
Who is the CEO of Stonewall Community Foundation?
Jarrett Lucas is the President of Stonewall Community Foundation.
Official website here: www.stonewallfoundation.org
What is the revenue of Stonewall Community Foundation?
Stonewall Community Foundation's revenue in 2022 was $1,756,228.
Official website here: www.stonewallfoundation.org
Who are the executives of Stonewall Community Foundation and what are their salaries?
Here are 22 key members and their salaries:
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Official website here: www.stonewallfoundation.org
Where can I find the form 990 for Stonewall Community Foundation?
Stonewall Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stonewallfoundation.org
Learn more at the official website: www.stonewallfoundation.org
Mission Statement of Stonewall Community Foundation
Stonewall Community Foundation, an organization dedicated to supporting the LGBTQ community in New York City, fulfills its mission by engaging donors, empowering community leaders, and investing in dynamic organizations. The foundation carries out this mission through three key strategies: inspired and thoughtful community investment, leadership development initiatives, and legacy building via endowments, funds, scholarships, and trusts.
By practicing inspired and thoughtful community investment, Stonewall Community Foundation identifies and funds organizations that align with its mission, thereby strengthening the LGBTQ community from within. The foundation's leadership development initiatives empower emerging leaders in the community, preparing them to take on key roles and contribute to the collective growth and success of the LGBTQ community. Lastly, the legacy building aspect of Stonewall Community Foundation's mission involves creating and managing endowments, funds, scholarships, and trusts to sustain the organization's impact and ensure its continued support of the LGBTQ community for generations to come.
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Impact
August, 2024
Stonewall Community Foundation strengthens New York City's LGBTQ community from within by engaging donors, empowering community leaders, and investing in dynamic organizations. This impact is achieved through inspired and thoughtful community investment, leadership development initiatives, and legacy building via endowments, funds, scholarships, and trusts. The foundation's grantmaking programs, including custom grantmaking and scholarship programs, provide crucial support to LGBTQ individuals and organizations. Additionally, the expansion of the microgrants program to include COVID-19 emergency relief grants demonstrates the foundation's commitment to providing strategic financial assistance during challenging times. Through these efforts, Stonewall Community Foundation plays a significant role in advancing civil rights and supporting the LGBTQ community in New York City.
This information is meant to be a general summary of Stonewall 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 2022.
- Investment Income: $77,557
- Program Service Revenue: $60,326
- Gross Receipts: $1,756,228
Assets and Liabilities:
- Total Assets: $5,742,763
- Total Liabilities: $972,075
- Net Assets: $4,770,688
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENU
Revenue
$60,326
Organization Details
Founding Year
1989
Phone
(212) 457-1341Principal Officer
Jarrett Lucas
Main Address
231 WEST 29TH STREET 205, NEW YORK, NY, 10001
Website
www.stonewallfoundation.orgNTEE Category
Code: R110 - Civil rights
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