Overview
What is Glens Falls Foundation?
The Glens Falls Foundation is a nonprofit organization located in Glens Falls, New York, specifically at Glens Falls National, 250 Glen Street. Their primary mission is to enhance the lives of people within the Greater Glens Falls community. They accomplish this by granting funds to various charitable and civic organizations, as well as offering donor-directed scholarships for local students. By providing financial support and educational opportunities, the Glens Falls Foundation aims to contribute positively to the well-being and development of its community.
Official website here: www.glensfallsfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating.
The Glens Falls Foundation has earned a solid Three-Star rating, reflecting its commitment to accountability and financial health. With an overall score of 88%, the organization showcases impressive governance practices, including a fully independent board and thorough financial oversight. Notably, the foundation has demonstrated a strong program expense ratio of 83.53%, indicating that a significant portion of its funds is directed toward its charitable programs.
While the foundation excels in many areas, there are some limitations, particularly concerning its policies. The absence of a whistleblower policy and a document retention and destruction policy may raise concerns about transparency and safeguarding internal operations. However, the foundation maintains a clean record with no material diversion of assets, further underscoring its integrity and reliability.
Overall, the Glens Falls Foundation stands out for its strong financial management and effective governance. Potential donors and community members can feel confident in its operations, even as the organization may benefit from addressing the noted policy gaps to enhance its accountability framework further.
This AI summary has been generated from information found on Charity Navigator.
Is Glens Falls Foundation legitimate?
Glens Falls Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Glens Falls 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.
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Official website here: www.glensfallsfoundation.org
What is the mission statement of Glens Falls Foundation?
The Glens Falls Foundation's mission is centered around enhancing the quality of life for people within its community. It accomplishes this by providing grants to various non-profit organizations and offering scholarship opportunities for local students, all aiming to make a positive impact. The foundation's activities mainly focus on supporting charitable and civic organizations within the community.
Official website here: www.glensfallsfoundation.org
Who is the CEO of Glens Falls Foundation?
Glens Falls National Bank is the Trustee of Glens Falls Foundation.
Official website here: www.glensfallsfoundation.org
What is the revenue of Glens Falls Foundation?
Glens Falls Foundation's revenue in 2022 was $580,040.
Official website here: www.glensfallsfoundation.org
Who are the executives of Glens Falls Foundation and what are their salaries?
There 8 volunteers at Glens Falls Foundation.
Here are 9 key members and their salaries:
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Official website here: www.glensfallsfoundation.org
Where can I find the form 990 for Glens Falls Foundation?
Glens Falls Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.glensfallsfoundation.org
Learn more at the official website: www.glensfallsfoundation.org
Mission Statement of Glens Falls Foundation
The Glens Falls Foundation, a notable entity, is devoted to enhancing the lives of people residing in the Greater Glens Falls area. Their mission is twofold: they provide financial assistance in the form of grants to various non-profit organizations, and they offer donor-directed scholarships to students hailing from the local community. By doing so, the foundation aims to contribute significantly to the betterment of the community's overall quality of life. Their activities are primarily focused on granting funds to charitable and civic organizations, thereby enabling them to carry out their respective missions more effectively.
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Impact
July, 2024
The Glens Falls Foundation has a significant impact on the Greater Glens Falls area by improving the quality of life for its residents. Through grants to non-profit organizations and donor-directed scholarships for area students, the foundation supports charitable and civic community organizations, making a positive difference in the community.
This information is meant to be a general summary of Glens Falls 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: $270,665
- Gross Receipts: $10,838,172
Assets and Liabilities:
- Total Assets: $20,931,962
- Total Liabilities: $0
- Net Assets: $20,931,962
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Organization Details
Founding Year
1939
Phone
(518) 926-8372Principal Officer
Glens Falls National Bank
Main Address
Glens Falls National 250 Glen St, Glens Falls, NY, 12801
Website
www.glensfallsfoundation.orgNTEE Category
Code: T20Z - Philanthropy
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