Overview
What is Community Foundation For Nantucket Inc?
The Community Foundation For Nantucket Inc, situated in Nantucket, Massachusetts, serves as a vital philanthropic organization with a mission to strengthen Nantucket for present and future generations. With a team of six dedicated individuals, they focus on informed philanthropy and community leadership. Their efforts span various sectors, including housing, mental health, substance abuse disorders, youth, education, human services, arts/culture, conservation, and animal-related causes. Through grants and program expenses, they strive to make a lasting impact on Nantucket's community and its future.
Official website here: www.cfnan.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% - Four-Star out of Four Star rating
The Community Foundation For Nantucket Inc has been awarded a Four-Star rating by Charity Navigator, indicating a high level of organizational effectiveness and financial health. With an impressive Accountability & Finance Score of 100, the foundation demonstrates exceptional transparency in its financial dealings and governance practices. The organization showcases strong program expenses, with a Program Expense Ratio of 91.44%, reflecting a dedicated focus on fulfilling its mission.
Strengths highlighted include a fully independent board, comprised of 19 members, which enhances governance and accountability. The foundation also exhibits excellent fundraising efficiency, with a low cost per dollar raised, indicating effective financial management. Additionally, it received full marks for its audit and oversight measures, ensuring stringent oversight of its financial operations.
While the foundation scores well overall, the Culture & Community Score of 83 suggests there may be areas for improvement in community engagement and organizational culture. Nonetheless, the foundation's robust financial practices and commitment to accountability position it as a trustworthy nonprofit within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation For Nantucket Inc legitimate?
Community Foundation For Nantucket Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation For Nantucket 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: $150,048
Professional Fundraising Fees: $0
Other Salaries and Wages: $251,506
For more financial information, click here
Official website here: www.cfnan.org
What is the mission statement of Community Foundation For Nantucket Inc?
The Community Foundation For Nantucket Inc is dedicated to enhancing the present and securing a stronger future for communities by means of informed philanthropy and community leadership. Their mission centers on supporting various causes through grants and program expenses. These initiatives primarily focus on housing, mental health, substance abuse disorders, youth, education, human services, arts and culture, conservation, and animal-related causes. By engaging in this work, the foundation aims to bring about positive change and development for the benefit of all.
Official website here: www.cfnan.org
Who is the CEO of Community Foundation For Nantucket Inc?
Melissa Philbrick is the Executive Di of Community Foundation For Nantucket Inc.
Official website here: www.cfnan.org
What is the revenue of Community Foundation For Nantucket Inc?
Community Foundation For Nantucket Inc's revenue in 2022 was $13,013,280.
Official website here: www.cfnan.org
Who are the executives of Community Foundation For Nantucket Inc and what are their salaries?
The average compensation at Community Foundation For Nantucket Inc during 2022 was $66,926. There are 6 employees at Community Foundation For Nantucket Inc.
Here are 22 key members and their salaries:
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Official website here: www.cfnan.org
Where can I find the form 990 for Community Foundation For Nantucket Inc?
Community Foundation For Nantucket Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfnan.org
Learn more at the official website: www.cfnan.org
Mission Statement of Community Foundation For Nantucket Inc
The Community Foundation For Nantucket Inc is dedicated to strengthening Nantucket, both currently and for future generations. This is achieved through informed philanthropy and community leadership. The organization's mission is multifaceted, focusing on various areas of social need.
Community Foundation For Nantucket Inc supports programs in housing, mental health, substance abuse disorders, youth, education, human services, arts and culture, conservation, and animal-related causes. By providing grants and program expenses, the foundation addresses the unique needs of Nantucket's community members. The foundation's efforts extend to various sectors, ensuring a comprehensive approach to community betterment.
The organization's commitment to Nantucket's present and future is a testament to its enduring impact. By investing in programs that address the critical issues of housing, mental health, and substance abuse disorders, the foundation prioritizes the well-being of its residents. Furthermore, the foundation's support in areas such as youth, education, and human services fosters the growth and development of the community's future leaders.
In the realms of arts and culture, conservation, and animal causes, the Community Foundation For Nantucket Inc champions the preservation of the island's rich heritage and natural beauty. By funding initiatives that promote cultural awareness and environmental sustainability, the foundation ensures the continuation of these essential aspects of Nantucket's identity.
In summary, the Community Foundation For Nantucket Inc plays a vital role in the development and improvement of the island community by focusing on informed philanthropy and community leadership. Through its diverse grant programs and initiatives, the foundation supports a wide range of causes, ultimately strengthening the social fabric of Nantucket for generations to come.
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Impact
October, 2024
Community Foundation For Nantucket Inc has a significant impact on the island by fostering informed philanthropy and community leadership. By providing essential funding through grants, it addresses critical areas such as housing, mental health, and substance abuse disorders, ensuring that these pressing issues are prioritized and managed effectively.
The foundation supports youth programs, educational initiatives, human services, and arts and culture, contributing to a vibrant, well-rounded community. Additionally, its commitment to conservation and animal welfare reflects a holistic approach to community well-being. Through these diverse programs and initiatives, the foundation plays a vital role in strengthening Nantucket, both now and for future generations.
This information is meant to be a general summary of Community Foundation For Nantucket 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: $633,574
- Program Service Revenue: $21,486
- Gross Receipts: $13,898,945
Assets and Liabilities:
- Total Assets: $24,543,363
- Total Liabilities: $404,183
- Net Assets: $24,139,180
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER REVENUE
Revenue
$21,486
Organization Details
Founding Year
2005
Phone
(508) 825-9993Principal Officer
Melissa Philbrick
Main Address
PO BOX 204, NANTUCKET, MA, 02554
Website
www.cfnan.orgNTEE Category
Code: T31 - Philanthropy
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