Overview
What is Lancaster County Community Foundation?
The Lancaster County Community Foundation, located in Lancaster, Pennsylvania, is a 16-employee strong nonprofit organization that made a significant impact in the community in 2022. Through its annual "Extraordinary Give" program, a one-day online giving campaign, and its "Building Bridges and Building Equity" impact strategy, the Community Foundation invested a substantial total of $13.2 million in community benefit organizations. This funding contributed to 452 grants, with approximately $8.4 million coming from community donations and an additional $600,000 from the Foundation and sponsors. The "Building Bridges and Building Equity" strategy aimed at enhancing equity and fostering connections within the community, investing approximately $751,500 and an additional $68,122. The remainder, around $3.4 million, was granted to community organizations through the Foundation's overall grantmaking program. Their mission is to empower exceptional change in Lancaster County by investing in people and ideas that contribute to the community's future.
Official website here: www.lancfound.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% - Four-Star out of Four Stars
The Lancaster County Community Foundation has achieved a perfect score of 100% on Charity Navigator, reflecting exceptional performance in accountability and finance. This rating signifies that the organization adheres to high standards of transparency and governance, with a majority of independent board members and strong financial oversight practices in place.
Strengths highlighted in the evaluation include a robust program expense ratio of 96.02%, indicating that the vast majority of funds are allocated directly to programmatic activities rather than administrative costs. Additionally, the foundation's low fundraising efficiency ratio of $0.012 suggests that they incur minimal costs in fundraising efforts, maximizing the impact of donations received.
While the organization excels in most areas, the fundraising efficiency ratio may warrant some attention as it received a lower score. Nonetheless, the Lancaster County Community Foundation demonstrates a strong commitment to responsible financial management and effective governance, making it a trustworthy choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Lancaster County Community Foundation legitimate?
Lancaster County Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lancaster County 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: $389,144
Professional Fundraising Fees: $0
Other Salaries and Wages: $947,802
For more financial information, click here
Official website here: www.lancfound.org
What is the mission statement of Lancaster County Community Foundation?
The Lancaster County Community Foundation invests in people and ideas that will shape the future of their community. Through various programs, they provided grant dollars to community benefit organizations in 2022, totalling $13.2 million. The majority of these funds, around $9 million, were distributed during the "Extraordinary Give" program, an online giving campaign aimed at boosting philanthropic giving. This campaign included community donations of over $8.4 million, as well as additional expenses and prizes from the foundation and sponsors. Around $751,500, or 6.2% of total grant dollars, were invested through the "Building Bridges and Building Equity" impact strategy, which seeks to enhance equity and inspire connection within the community. The remaining $3.4 million were granted to community benefit organizations through the foundation's general grantmaking program.
Official website here: www.lancfound.org
Who is the CEO of Lancaster County Community Foundation?
Samuel J Bressi is the Chair of Lancaster County Community Foundation. The CEO's salary of Lancaster County Community Foundation is $236,300 and their total compensation is $245,752.
Official website here: www.lancfound.org
What is the revenue of Lancaster County Community Foundation?
Lancaster County Community Foundation's revenue in 2022 was $16,848,863.
Official website here: www.lancfound.org
Who are the executives of Lancaster County Community Foundation and what are their salaries?
The average compensation at Lancaster County Community Foundation during 2022 was $83,559. There are 16 employees and 120 volunteers at Lancaster County Community Foundation.
Here are 18 key members and their salaries (Lancaster County Community Foundation's CEO's salary is $236,300 and their total compensation is $245,752):
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- Compensation: $236,300
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- Other: $9,452
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- Other: $26,508
- Compensation: $121,467
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- Other: $31,763
Official website here: www.lancfound.org
Where can I find the form 990 for Lancaster County Community Foundation?
Lancaster County Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lancfound.org
Learn more at the official website: www.lancfound.org
Mission Statement of Lancaster County Community Foundation
The Lancaster County Community Foundation, a renowned philanthropic organization, is dedicated to strengthening and enriching the community by investing in people and ideas that will shape the future of Lancaster County. Through various initiatives, the Foundation has been a catalyst for change, fostering extraordinary community growth.
In 2022, the Lancaster County Community Foundation made significant strides in supporting local organizations and programs by awarding a total of $13.2 million in grant dollars. Of these funds, approximately 65.7%, or $9 million, were channeled into the community via the "Extraordinary Give" program, a one-day online giving campaign aimed at boosting philanthropic giving in Lancaster County. This program, which included community donations of $8.4 million and additional incentives of over $600,000 from the Foundation and sponsors, enabled 452 community benefit organizations to receive grant funding.
In addition to the "Extraordinary Give" program, the Foundation also invested approximately 6.2%, or $751,500, in community initiatives through its "Building Bridges and Building Equity" impact strategy. This strategy seeks to enhance equity and inspire connection within the community by addressing the needs of underrepresented groups and fostering inclusive relationships.
Furthermore, approximately 26.1% or $3.4 million of total grant dollars were allocated through the Foundation's grantmaking program to community benefit organizations in various forms, including over 460 grants. These grants were derived from donor advised funds, scholarship funds, field of interest funds, and designated funds. With its unwavering commitment to community empowerment and growth, the Lancaster County Community Foundation is a beacon of hope and opportunity for the residents of Lancaster County.
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Impact
October, 2024
The Lancaster County Community Foundation has made a significant impact on the local community by investing in people and ideas that shape the future of Lancaster County. In 2022 alone, it awarded a total of $13.2 million in grants to community benefit organizations, directly contributing to the enhancement of local programs and initiatives.
Through its "Extraordinary Give" program, the foundation mobilized approximately $9 million, making up around 65.7% of the total grant dollars. This one-day online giving campaign not only generated $8.4 million through community donations but also included over $600,000 in prizes and matching funds from the community foundation and its partners, enabling 452 organizations to receive crucial funding.
Additionally, the "Building Bridges" and "Building Equity" impact strategies contributed $751,500 to enhance equity and inspire connections within the community, reflecting a commitment to fostering inclusivity and cooperation.
The foundation’s broad grantmaking program allocated approximately $3.4 million through over 460 grants, supporting a diverse range of community benefit organizations through various funds. This comprehensive approach ensures that numerous initiatives, aimed at addressing local needs, receive the necessary support to thrive and make a difference in Lancaster County.
This information is meant to be a general summary of Lancaster County 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: $1,830,774
- Gross Receipts: $77,513,132
Assets and Liabilities:
- Total Assets: $152,202,320
- Total Liabilities: $19,462,700
- Net Assets: $132,739,620
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Organization Details
Founding Year
2003
Phone
(717) 397-1629Principal Officer
Samuel J Bressi
Main Address
24 WEST KING STREET SUITE 201, LANCASTER, PA, 17603
Website
www.lancfound.orgNTEE Category
Code: T31 - Philanthropy
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