Overview
What is Rome Community Foundation?
The Rome Community Foundation is a nonprofit organization situated in Rome, New York, with its postal address at POBOX 609. Its primary objective is to contribute monetary resources toward the current and future betterment of the Rome area community. The foundation supports a diverse range of local needs, including capital projects at the YWCA, churches, and the library. Its mission is centered around providing financial aid, thereby enriching the community as a whole. The foundation's activities include offering funding for various local projects, contributing to the well-being of the community in a comprehensive manner.
Official website here: www.romecommunityfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Stars)
The Rome Community Foundation has received a solid Three-Star rating from Charity Navigator, indicating a good level of accountability and financial health. The organization scored a notable 88%, with all aspects of the overall score derived from a single beacon focused on accountability and finance. This suggests that the foundation operates transparently and responsibly in managing its resources.
Strengths highlighted in the evaluation include a fully independent board, with all 19 members meeting the independence criteria, as well as excellent financial oversight practices. The foundation maintains a high program expense ratio of 82.78%, indicating that a significant portion of its budget directly supports its programs and initiatives. Furthermore, there were no instances of material diversion of assets, demonstrating sound financial practices.
However, there are some areas for improvement, particularly concerning missing policies such as a whistleblower policy and document retention and destruction policy. While the foundation excels in several financial metrics, the absence of these policies suggests a need for enhanced governance practices to ensure comprehensive transparency and accountability. Overall, the Rome Community Foundation presents a strong case for donor confidence, with a few areas identified for further development.
This AI summary has been generated from information found on Charity Navigator.
Is Rome Community Foundation legitimate?
Rome Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rome 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.
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Official website here: www.romecommunityfoundation.org
What is the mission statement of Rome Community Foundation?
The Rome Community Foundation's mission is centered around assisting in the provision of monetary resources for the current and future enrichment of the community. This mission is aimed at enhancing the quality of life in the local area. The foundation leverages donor-advised funds to support a diverse range of local needs, including capital projects at organizations such as the YWCA, local churches, and the library. By providing financial support to these initiatives, the foundation contributes to the overall development and welfare of the community.
Official website here: www.romecommunityfoundation.org
Who is the CEO of Rome Community Foundation?
David C Grow is the President of Rome Community Foundation.
Official website here: www.romecommunityfoundation.org
What is the revenue of Rome Community Foundation?
Rome Community Foundation's revenue in 2022 was $673,131.
Official website here: www.romecommunityfoundation.org
Who are the executives of Rome Community Foundation and what are their salaries?
There 19 volunteers at Rome Community Foundation.
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Official website here: www.romecommunityfoundation.org
Where can I find the form 990 for Rome Community Foundation?
Rome Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.romecommunityfoundation.org
Learn more at the official website: www.romecommunityfoundation.org
Mission Statement of Rome Community Foundation
The Rome Community Foundation, as a philanthropic organization, is committed to aiding in the provision of monetary resources for the betterment and enrichment of the Rome area community in both the present and future. The mission of this foundation is to serve as a catalyst for change, contributing financially to a diverse array of local needs. These needs encompass capital projects, such as facility improvements, at esteemed institutions like the YWCA, local churches, and libraries. By providing these resources, the Rome Community Foundation seeks to contribute to the overall well-being and development of its community.
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Impact
July, 2024
Rome Community Foundation plays a vital role in enhancing the Rome area community by providing monetary resources for various local needs. Through donor-advised funds, the foundation supports capital projects at key institutions like the YWCA, churches, and the library. This support contributes to the overall enrichment and development of the Rome community, making a tangible impact on the lives of residents and the sustainability of essential community spaces.
This information is meant to be a general summary of Rome 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: $411,285
- Gross Receipts: $2,603,734
Assets and Liabilities:
- Total Assets: $6,695,623
- Total Liabilities: $10,500
- Net Assets: $6,685,123
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Organization Details
Founding Year
1999
Phone
(315) 336-4700Principal Officer
David C Grow
Main Address
POBOX 609, ROME, NY, 13440
NTEE Category
Code: T31 - Philanthropy
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