Overview
What is Chautauqua Foundation Inc?
Chautauqua Foundation Inc, located in Chautauqua, New York, serves as a vital entity for the Chautauqua Institute. The foundation's primary role is to manage and oversee endowment assets, ensuring their proper utilization to support the charitable activities of the institution. Specifically, it distributes funds for both operational and capital expenses of Chautauqua Institute. By doing so, the foundation helps maintain the institute's mission and continuity, contributing to its overall success. The foundation operates with a modest workforce of three individuals, demonstrating its commitment to the responsible use of its resources.
Official website here: www.chq.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Chautauqua Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The foundation's dedication to transparency is evident from its 95% independent board members and comprehensive financial oversight practices, which include robust conflict of interest and whistleblower policies. Such practices highlight the organization's commitment to ethical governance.
The foundation's financial health is also commendable, with a program expense ratio of 82.53%, indicating that a significant portion of its funds is directed towards its mission-related activities. Additionally, the liabilities to assets ratio stands at a low 0.99%, suggesting sound financial management and sustainability. The organization has also demonstrated exceptional working capital, allowing it to maintain operations for over 21 years without the need for immediate funding.
However, one area where the foundation could improve is its fundraising efficiency, which scored lower at $0.002. While this score indicates that fundraising costs are minimal relative to total contributions, there is potential for enhancing fundraising strategies to further support its mission. Overall, Chautauqua Foundation Inc stands out for its high standards of accountability and strong financial practices, making it a trustworthy choice for donors.
This AI summary has been generated from information found on Charity Navigator.
Is Chautauqua Foundation Inc legitimate?
Chautauqua Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Chautauqua 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: $203,150
Professional Fundraising Fees: $0
Other Salaries and Wages: $71,924
For more financial information, click here
Official website here: www.chq.org
What is the mission statement of Chautauqua Foundation Inc?
The Chautauqua Foundation Inc's primary role is to manage and safeguard its endowment assets. The primary objective of these assets is to support the charitable activities of Chautauqua Institution. The foundation disburses funds to Chautauqua Institution for both operational and capital expenses. In essence, the Chautauqua Foundation Inc serves as a financial backbone, enabling Chautauqua Institution to carry out its charitable missions effectively.
Official website here: www.chq.org
What is the revenue of Chautauqua Foundation Inc?
Chautauqua Foundation Inc's revenue in 2023 was $16,411,291.
Official website here: www.chq.org
Who are the executives of Chautauqua Foundation Inc and what are their salaries?
The average compensation at Chautauqua Foundation Inc during 2023 was $91,691. There are 3 employees and 20 volunteers at Chautauqua Foundation Inc.
Here are 23 key members and their salaries:
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- Compensation: $50,871
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- Other: $17,789
Official website here: www.chq.org
Where can I find the form 990 for Chautauqua Foundation Inc?
Chautauqua Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.chq.org
Learn more at the official website: www.chq.org
Mission Statement of Chautauqua Foundation Inc
The Chautauqua Foundation Inc is committed to managing and preserving endowment assets with the primary objective of supporting the mission and operations of Chautauqua Institution. This responsibility entails overseeing the financial resources to enable Chautauqua Institution to carry out its charitable activities effectively. The Foundation disburses funds to cover both operational and capital expenses for Chautauqua Institution, ensuring its continued success and impact in its charitable endeavors.
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Impact
October, 2024
Chautauqua Foundation Inc plays a crucial role in supporting the Chautauqua Institution by managing and stewarding endowment assets effectively. Its primary impact lies in the investment and disbursement of funds, which are vital for funding both operational and capital expenses. This financial support enables the Chautauqua Institution to carry out its charitable activities, enriching the cultural, educational, and recreational experiences offered to the community and visitors. By ensuring sustainable financial resources, Chautauqua Foundation Inc contributes to the longevity and vibrancy of the Chautauqua Institution, fostering a vibrant hub for learning and community engagement in Chautauqua, NY.
This information is meant to be a general summary of Chautauqua 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 2023.
- Investment Income: $2,277,996
- Gross Receipts: $18,004,790
Assets and Liabilities:
- Total Assets: $119,122,696
- Total Liabilities: $1,188,096
- Net Assets: $117,934,600
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Organization Details
Founding Year
1937
Principal Officer
Deborah E Moore Cpa
Website
www.chq.orgNTEE Category
Code: T30 - Philanthropy
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