Overview
What is Community Foundation For The Land Of Lincoln Inc?
Community Foundation for the Land of Lincoln Inc., situated in Springfield, Illinois, is a nonprofit organization dedicated to managing over 300 charitable funds. Their primary role involves prudent investment decision-making and establishing a spending policy aligning with donors' intentions. The foundation operates for the public benefit, aiming to distribute philanthropic funds benefiting various Illinois counties. By connecting individuals who care about specific causes, the Community Foundation for the Land of Lincoln Inc. bridges the gap between philanthropy and community needs, contributing positively to the region. With a team of six employees, the organization plays a crucial role in supporting various charitable initiatives in Illinois.
Official website here: www.cfll.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 97%
The Community Foundation For The Land Of Lincoln Inc has achieved a Four-Star out of Four Star rating from Charity Navigator, reflecting exceptional performance in accountability and finance. With a high score of 97%, the organization demonstrates a strong commitment to transparency, evidenced by its independent board members and robust oversight mechanisms. The organization has also shown effective financial management, with a program expense ratio of 89.12%, which indicates that the majority of its funding is directed toward its programs.
Strengths include a fully independent board and well-established policies such as conflict of interest and whistleblower protections. The foundation's financial health is indicated by a low liabilities to assets ratio of 10.87% and a remarkable working capital ratio of 10.66 years, suggesting sustainability and the ability to meet obligations over an extended period. Additionally, their fundraising efficiency is commendable at $0.022 per dollar raised.
Despite these strengths, it is essential to continuously monitor any potential operational challenges or changes in the funding landscape that could affect future performance. Overall, the Community Foundation For The Land Of Lincoln Inc appears to be a well-managed organization with a strong focus on fulfilling its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation For The Land Of Lincoln Inc legitimate?
Community Foundation For The Land Of Lincoln Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation For The Land Of Lincoln 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: $437,689
Professional Fundraising Fees: $0
Other Salaries and Wages: $149,147
For more financial information, click here
Official website here: www.cfll.org
What is the mission statement of Community Foundation For The Land Of Lincoln Inc?
The Community Foundation for the Land of Lincoln Inc. serves as a bridge between individuals who are passionate about making a difference and causes that require support. Its primary mission is to manage funds established for charitable purposes, making prudent investment decisions and setting a spending policy that aligns with the donors' intentions. Operating for the public benefit, the foundation aims to distribute philanthropic funds in various Illinois counties, ultimately benefiting numerous communities.
Official website here: www.cfll.org
Who is the CEO of Community Foundation For The Land Of Lincoln Inc?
Kent Massie is the Treasurer of Community Foundation For The Land Of Lincoln Inc. The CEO's salary of Community Foundation For The Land Of Lincoln Inc is $172,197 and their total compensation is $200,701.
Official website here: www.cfll.org
What is the revenue of Community Foundation For The Land Of Lincoln Inc?
Community Foundation For The Land Of Lincoln Inc's revenue in 2022 was $5,565,373.
Official website here: www.cfll.org
Who are the executives of Community Foundation For The Land Of Lincoln Inc and what are their salaries?
The average compensation at Community Foundation For The Land Of Lincoln Inc during 2022 was $97,806. There are 6 employees and 250 volunteers at Community Foundation For The Land Of Lincoln Inc.
Here are 15 key members and their salaries (Community Foundation For The Land Of Lincoln Inc's CEO's salary is $172,197 and their total compensation is $200,701):
- Compensation: $172,197
- Related: $0
- Other: $28,504
- Compensation: $102,778
- Related: $0
- Other: $16,389
- Compensation: $92,708
- Related: $0
- Other: $25,113
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.cfll.org
Where can I find the form 990 for Community Foundation For The Land Of Lincoln Inc?
Community Foundation For The Land Of Lincoln Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfll.org
Learn more at the official website: www.cfll.org
Mission Statement of Community Foundation For The Land Of Lincoln Inc
The Community Foundation for the Land of Lincoln, as stated, connects individuals who are passionate about making a difference with causes that matter. Their mission, in essence, is to serve as a bridge between caring individuals and worthy causes, ensuring that the funds established for charitable purposes are managed responsibly. The foundation makes prudent investment decisions and establishes a spending policy that aligns with the donors' intentions. Operating for the public benefit, the Community Foundation for the Land of Lincoln strives to administer and distribute philanthropic funds effectively, contributing positively to several Illinois counties.
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Impact
October, 2024
Community Foundation For The Land Of Lincoln Inc significantly impacts the local community by connecting individuals with charitable causes that are important to them. With a dedicated management of over 300 funds, CFLL focuses on prudent investment strategies and effective spending policies, ensuring that donor intentions are honored while maximizing the benefits for the community.
By administering and distributing philanthropic funds across multiple Illinois counties, the foundation plays a crucial role in addressing local needs and supporting various initiatives. This fosters a culture of giving, encourages community engagement, and helps amplify the voices of those who seek to make a difference in their neighborhoods. Through its efforts, CFLL not only facilitates financial support for diverse causes but also inspires collaboration among community members, ultimately strengthening the fabric of the region it serves.
This information is meant to be a general summary of Community Foundation For The Land Of Lincoln 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 2022.
- Investment Income: -$4,918,613
- Program Service Revenue: $62,875
- Gross Receipts: $39,335,687
Assets and Liabilities:
- Total Assets: $63,880,076
- Total Liabilities: $6,945,623
- Net Assets: $56,934,453
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$62,875
Organization Details
Founding Year
2007
Principal Officer
Kent Massie
Main Address
205 SOUTH 5TH STREET STE 530, SPRINGFIELD, IL, 62701
Website
www.cfll.orgNTEE Category
Code: T30 - Philanthropy
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