Overview
What is Northern New York Community Foundation Inc?
Northern New York Community Foundation Inc, based in Watertown, New York, serves as a responsible steward of charitable grantmaking funds. Its mission is to inspire giving, manage resources honorably, and foster vibrant communities in Jefferson, Lewis, and St. Lawrence Counties. The foundation collaborates with various donors and nonprofit organizations to identify and support programs and projects that contribute to a prosperous region. Its grant programs prioritize stewardship, impact, inclusion, and better communities for all. Applications for funding are accepted from federally classified, 501(c)(3) nonprofit organizations in these counties that align with the foundation's mission. With a staff of 10 individuals, the Northern New York Community Foundation works diligently to enhance the quality of life in its local communities.
Official website here: www.nnycf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Northern New York Community Foundation Inc has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and finance management. With a score of 97%, the organization demonstrates excellent transparency and governance practices, showcasing an entirely independent board and strong oversight. The foundation's adherence to best practices is reflected in its comprehensive policies and procedures, which are all documented and accessible.
Strengths of the organization include a remarkable program expense ratio of 89.49%, indicating that a significant portion of its funds is allocated directly to its mission-driven programs. Additionally, the foundation exhibits a fundraising efficiency ratio of just $0.01, which highlights its cost-effective fundraising strategies. With a low liabilities-to-assets ratio of 10.11%, the foundation is in a strong financial position, ensuring sustainability and reliability for its community-based initiatives.
While the data underscores the foundation's solid financial health and governance, ongoing assessment and engagement with stakeholders will be essential to maintain its high standards. The strong performance metrics suggest that the organization is well-equipped to continue serving its community effectively while remaining accountable to its donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Northern New York Community Foundation Inc legitimate?
Northern New York Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northern New York 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: $318,055
Professional Fundraising Fees: $0
Other Salaries and Wages: $429,477
For more financial information, click here
Official website here: www.nnycf.org
What is the mission statement of Northern New York Community Foundation Inc?
The Northern New York Community Foundation's mission is centered around inspiring and celebrating charitable giving, managing resources responsibly, and promoting vibrant communities. It stewards grantmaking funds designed to enhance the quality of life in various regions. The foundation collaborates with various donors and nonprofit organizations to identify essential community programs and projects, aiming to create a prosperous region. Its grant programs prioritize stewardship, impact, inclusion, and fostering better communities for all. Applications are accepted from federally classified, 501(c)(3) nonprofit organizations within the specified regions that align with the foundation's mission.
Official website here: www.nnycf.org
Who is the CEO of Northern New York Community Foundation Inc?
Rande S Richardson is the Immediate Past Chair of Northern New York Community Foundation Inc.
Official website here: www.nnycf.org
What is the revenue of Northern New York Community Foundation Inc?
Northern New York Community Foundation Inc's revenue in 2022 was $11,176,800.
Official website here: www.nnycf.org
Who are the executives of Northern New York Community Foundation Inc and what are their salaries?
The average compensation at Northern New York Community Foundation Inc during 2022 was $74,753. There are 10 employees at Northern New York Community Foundation Inc.
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- Compensation: $173,404
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- Compensation: $144,651
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- Other: $14,500
Official website here: www.nnycf.org
Where can I find the form 990 for Northern New York Community Foundation Inc?
Northern New York Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nnycf.org
Learn more at the official website: www.nnycf.org
Mission Statement of Northern New York Community Foundation Inc
The Northern New York Community Foundation's mission is centered around inspiring and celebrating charitable giving, responsibly managing resources, and fostering thriving communities in Jefferson, Lewis, and St. Lawrence Counties. This nonprofit organization plays a crucial role in steering charitable grantmaking funds, with the ultimate aim of enhancing the region's overall quality of life.
Collaborating with numerous donors and nonprofit organizations, the Northern New York Community Foundation identifies essential community programs and projects that contribute to a prosperous region. The foundation's grant programs prioritize stewardship, impact, inclusion, and the creation of better communities for all. This commitment is demonstrated by accepting grant applications from federally classified, 501(c)(3) nonprofit organizations in the aforementioned counties, whose initiatives align with the foundation's mission of fostering vibrant North Country communities.
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Impact
October, 2024
Northern New York Community Foundation Inc significantly enhances the quality of life in Jefferson, Lewis, and St. Lawrence counties through strategic grantmaking. By collaborating with local donors and organizations, it identifies and supports important community programs and projects that foster a prosperous region. The foundation’s efforts focus on stewardship, impact, inclusion, and the creation of better communities for all residents.
Through its grant programs, the foundation encourages 501(c)(3) organizations to submit applications aligned with its mission, ensuring that the funding addresses the unique needs and aspirations of the North Country communities. This commitment not only inspires and celebrates giving but also fosters a vibrant community spirit, making a positive difference in the lives of many. Overall, the foundation plays a critical role in driving positive change, enhancing community well-being, and building a strong foundation for future growth in the region.
This information is meant to be a general summary of Northern New York 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 2022.
- Investment Income: $2,544,124
- Gross Receipts: $67,217,455
Assets and Liabilities:
- Total Assets: $127,657,866
- Total Liabilities: $12,928,865
- Net Assets: $114,729,001
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Organization Details
Founding Year
1929
Phone
(315) 782-7110Principal Officer
Rande S Richardson
Main Address
131 WASHINGTON STREET, WATERTOWN, NY, 13601
Website
www.nnycf.orgNTEE Category
Code: T31 - Philanthropy
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