Overview
What is Pasadena Community Foundation?
The Pasadena Community Foundation is a leading nonprofit organization based in Pasadena, California, with a workforce of two dedicated individuals. Their mission is to enhance the lives of local residents by managing charitable funds, primarily endowed ones that support the community. They distribute grants and services to various non-profits, collaborate with donors, and engage in community partnerships. By focusing on permanent endowments and local initiatives, Pasadena Community Foundation is committed to fostering long-term growth and development within the greater Pasadena area.
Official website here: www.pasadenacf.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 100%, Four-Star out of Four Star rating.
The Pasadena Community Foundation has achieved a perfect score of 100%, reflecting its strong commitment to accountability and finance. This outstanding rating is derived solely from its Accountability & Finance score, where the organization excels in various categories such as having a fully independent board and comprehensive audit oversight. These attributes highlight the foundation's transparent governance practices and effective financial management.
Financial metrics further bolster the foundation's reputation, with a program expense ratio of 88.49%, indicating that a significant portion of its expenditures directly support its mission. Additionally, the low fundraising efficiency ratio of $0.04 suggests that the organization operates cost-effectively, maximizing funding for its programs. The foundation also demonstrates excellent liquidity with a working capital ratio of 14.12 years.
While the Pasadena Community Foundation showcases numerous strengths, the data does not mention any specific limitations or areas for improvement. Overall, the foundation stands out as a highly efficient and well-managed nonprofit, making it a trustworthy option for potential donors looking to support community initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Pasadena Community Foundation legitimate?
Pasadena Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pasadena 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: $546,234
Professional Fundraising Fees: $0
Other Salaries and Wages: $610,931
For more financial information, click here
Official website here: www.pasadenacf.org
What is the mission statement of Pasadena Community Foundation?
The Pasadena Community Foundation works to enhance the lives of people in their community by establishing and managing charitable funds, particularly those with a long-term endowment focus. They provide grants and assistance to local non-profits and collaborate with donors to help them achieve their philanthropic objectives. This organization goes beyond grant-making by engaging in community partnerships to foster growth and development. Their grant programs consist of PCF, Donor Advised, and Field of Interest Grants.
Official website here: www.pasadenacf.org
Who is the CEO of Pasadena Community Foundation?
Jennifer Devoll is the President & Ceo of Pasadena Community Foundation. The CEO's salary of Pasadena Community Foundation is $227,170 and their total compensation is $288,772.
Official website here: www.pasadenacf.org
What is the revenue of Pasadena Community Foundation?
Pasadena Community Foundation's revenue in 2022 was $14,423,466.
Official website here: www.pasadenacf.org
Who are the executives of Pasadena Community Foundation and what are their salaries?
The average compensation at Pasadena Community Foundation during 2022 was $578,582. There are 2 employees and 20 volunteers at Pasadena Community Foundation.
Here are 23 key members and their salaries (Pasadena Community Foundation's CEO's salary is $227,170 and their total compensation is $288,772):
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- Compensation: $227,170
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- Other: $22,088
Official website here: www.pasadenacf.org
Where can I find the form 990 for Pasadena Community Foundation?
Pasadena Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pasadenacf.org
Learn more at the official website: www.pasadenacf.org
Mission Statement of Pasadena Community Foundation
The Pasadena Community Foundation (PCF) is a philanthropic organization dedicated to enhancing the lives of people in the local community through various means. One of its primary endeavors is the creation and maintenance of charitable funds, with a particular focus on endowed funds that contribute to the long-term betterment of the area. The foundation goes beyond just managing funds, extending its reach to non-profit organizations by offering grants and services. It collaborates with donors and fosters community partnerships to ensure that the needs of the local population are met.
PCF's mission is multifaceted. It focuses on the establishment and preservation of charitable funds, with a strong emphasis on endowed funds. These funds are designed to provide a steady source of revenue for the benefit of the community, ensuring a sustainable impact. The foundation also actively engages in grantmaking, providing financial assistance to non-profits that align with its objectives. This support comes in various forms, including Pasadena Community Foundation grants, donor-advised grants, and field of interest grants. By working closely with non-profits, PCF aims to strengthen their capacity to make a difference in the community. Additionally, the organization plays a vital role in facilitating partnerships between donors and the non-profit sector, helping donors achieve their philanthropic goals while making a positive impact on the community.
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Impact
October, 2024
The Pasadena Community Foundation significantly impacts the greater Pasadena area by enhancing the quality of life for its residents. By establishing and managing charitable funds, particularly those that are permanently endowed, the foundation ensures a lasting financial resource that directly benefits the local community. Through its grant-making activities, it supports various nonprofit organizations, helping them to grow and effectively serve their missions.
The foundation also facilitates meaningful donor engagement, allowing individuals and organizations to align their philanthropic goals with community needs. This creates a collaborative ecosystem where community partnerships thrive, driving initiatives that address pressing social issues and fostering resilience among local organizations. The impact of the Pasadena Community Foundation is evident in the strengthened community fabric, improved services, and enriched lives of the people it serves.
This information is meant to be a general summary of Pasadena 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: $5,729,943
- Gross Receipts: $30,464,847
Assets and Liabilities:
- Total Assets: $134,904,615
- Total Liabilities: $6,518,345
- Net Assets: $128,386,270
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Organization Details
Founding Year
1953
Phone
(626) 796-2097Principal Officer
Jennifer Devoll
Main Address
301 E Colorado Blvd 810, Pasadena, CA, 91101
Website
www.pasadenacf.orgNTEE Category
Code: T31 - Philanthropy
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