Overview
What is Greater Olean Community Foundation?
The Greater Olean Community Foundation Dba Cattaraugus Region Community Foundation is a nonprofit organization situated in Olean, New York, specifically at 301 North Union Street 203. Their primary mission is to manage and distribute funds for charitable purposes within the Greater Olean area. This includes granting money to local organizations focused on charitable, educational, and civic causes, as well as awarding scholarships. The foundation plays a significant role in enriching the community by assisting community members in their philanthropic endeavors, ultimately enhancing the quality of life in the area. With a team of five dedicated individuals, this nonprofit organization contributes to the betterment of its community.
Official website here: www.cattfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating from Charity Navigator)
The Greater Olean Community Foundation, operating as the Cattaraugus Region Community Foundation, has achieved a commendable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The rating is based entirely on its performance in accountability and finance, showcasing the organization's strong commitment to transparent and responsible financial management.
Strengths of the organization include having a fully independent board, financial statements that are rigorously audited, and no reported material diversion of assets. The foundation also scores perfectly in several key areas such as conflict of interest policies and documentation of board meeting minutes, which further underscores its integrity and governance standards. Additionally, the organization demonstrates excellent fundraising efficiency and a significant portion of its expenses directed towards program services.
While the overall data is overwhelmingly positive, potential donors and stakeholders should continue to monitor the foundation's activities and reporting practices over time to ensure sustained excellence in its operations. Overall, the Greater Olean Community Foundation stands out as a trustworthy and effective nonprofit.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Greater Olean Community Foundation?
100% of the six reviewers on Facebook recommend the Greater Olean Community Foundation. Here is a summary of their impressions:
Reviewers highlight the foundation as a reliable resource for community leadership and commend its careful financial management. This strong emphasis on prudent fiscal practices suggests that supporters feel the organization is dedicated to responsibly using resources for local benefit.
Overall, the sentiment towards the foundation is overwhelmingly positive, with users appreciating its commitment to fostering community growth and ensuring financial integrity in its initiatives.
This AI summary has been generated from reviews found on Facebook.
Is Greater Olean Community Foundation legitimate?
Greater Olean Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Olean 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:
Executive Compensation: $114,275
Professional Fundraising Fees: $0
Other Salaries and Wages: $199,598
For more financial information, click here
Official website here: www.cattfoundation.org
What is the mission statement of Greater Olean Community Foundation?
The Greater Olean Community Foundation, known as Cattaraugus Region Community Foundation, serves to assist individuals in their philanthropic endeavors. Their mission is to enrich the community's quality of life by channeling funds for charitable purposes. They achieve this by administering grants to local organizations focusing on charitable, educational, and civic causes. Furthermore, they offer scholarships to deserving individuals, contributing to the betterment of the community as a whole. The foundation's primary goal is to help community members in their philanthropic efforts, ultimately benefiting others and enhancing the community's general well-being.
Official website here: www.cattfoundation.org
Who is the CEO of Greater Olean Community Foundation?
Lucy Benson is the Director of Greater Olean Community Foundation.
Official website here: www.cattfoundation.org
What is the revenue of Greater Olean Community Foundation?
Greater Olean Community Foundation's revenue in 2022 was $3,432,381.
Official website here: www.cattfoundation.org
Who are the executives of Greater Olean Community Foundation and what are their salaries?
The average compensation at Greater Olean Community Foundation during 2022 was $62,775. There are 5 employees and 38 volunteers at Greater Olean Community Foundation.
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- Compensation: $112,034
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- Other: $2,241
Official website here: www.cattfoundation.org
Where can I find the form 990 for Greater Olean Community Foundation?
Greater Olean Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cattfoundation.org
Learn more at the official website: www.cattfoundation.org
Mission Statement of Greater Olean Community Foundation
The Greater Olean Community Foundation, known as Cattaraugus Region Community Foundation, is dedicated to aiding community members in their philanthropic endeavors. Their mission is to assist these individuals in contributing to charitable causes, ultimately enhancing the overall quality of life within the community. By receiving and administering funds for charitable purposes, the organization awards grants to local non-profit, educational, and civic organizations, as well as scholarships to deserving students. This philanthropic work serves to enrich the community and provide opportunities for growth and development.
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Impact
October, 2024
The Greater Olean Community Foundation plays a pivotal role in enhancing the quality of life in the Greater Olean area. By facilitating philanthropic efforts, it empowers community members to contribute to charitable causes that matter to them. Through the administration of funds earmarked for charitable purposes, the foundation awards grants to local charitable, educational, and civic organizations, fostering growth and support in various sectors.
In addition to grants, the foundation provides scholarships that help aspiring students pursue their educational goals, further enriching the community's future. The foundation’s mission is centered around assisting individuals in their philanthropic endeavors, creating a ripple effect of support and resources that benefits the entire community. Overall, its impact is seen through improved social services, educational opportunities, and a strengthened community spirit.
This information is meant to be a general summary of Greater Olean 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: $1,057,071
- Program Service Revenue: $61,838
- Gross Receipts: $11,666,719
Assets and Liabilities:
- Total Assets: $27,017,306
- Total Liabilities: $4,397,229
- Net Assets: $22,620,077
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$61,838
Organization Details
Founding Year
1994
Phone
(716) 301-2723Principal Officer
Lucy Benson
Main Address
301 NORTH UNION STREET 203, OLEAN, NY, 14760
Website
www.cattfoundation.orgNTEE Category
Code: T31 - Philanthropy
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