Overview
What is Long Beach Community Foundation?
The Long Beach Community Foundation is a leading nonprofit organization situated in Long Beach, California, specifically at 400 Oceangate Ave 800. Its primary role is to distribute grants to eligible nonprofit agencies and government subdivisions, as recommended by its board of directors, donor advisors, and creators of special purpose charitable funds and endowments. Most of these grants aim to support charitable programs within the city of Long Beach. The foundation actively initiates positive change for Long Beach through charitable giving, stewardship, and strategic grantmaking. With a team of five dedicated individuals, the Long Beach Community Foundation serves as a catalyst for community development and improvement in the area.
Official website here: www.longbeachcf.org/
What are the reviews and ratings of this charity?
Charity Navigator rating: 98%, Four-Star out of Four Star rating.
The Long Beach Community Foundation has achieved an impressive Four-Star rating, reflecting its strong performance in accountability and finance. With a perfect score of 100 in this category, the organization demonstrates exceptional governance practices, including a fully independent board and robust financial oversight. Key metrics such as a program expense ratio of 91.52% indicate that a significant portion of its funds directly supports its mission.
While the foundation excels in financial accountability, its culture and community score stands at 77, suggesting there is room for improvement in its engagement and equity strategies. This score highlights the organization’s efforts to cultivate a diverse and inclusive environment, though there's an acknowledgment that enhancing community involvement and inclusivity could further strengthen its impact.
Overall, the Long Beach Community Foundation is recognized for its solid financial health and governance. However, to maximize its effectiveness and community reach, focusing on improving its cultural metrics could yield beneficial outcomes both internally and externally.
This AI summary has been generated from information found on Charity Navigator.
Is Long Beach Community Foundation legitimate?
Long Beach Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Long Beach 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: $174,878
Professional Fundraising Fees: $0
Other Salaries and Wages: $225,576
For more financial information, click here
Official website here: www.longbeachcf.org/
What is the mission statement of Long Beach Community Foundation?
The Long Beach Community Foundation serves as a catalyst for positive change. Their mission is to initiate change in various sectors through charitable giving, stewardship, and strategic grantmaking. By distributing grants to eligible nonprofit agencies and government subdivisions, as recommended by their board of directors, donor advisors, and creators of special purpose charitable funds and endowments, they aim to positively impact charitable programs within their community. Most of their grants are intended to benefit charitable programs within the city of Long Beach.
Official website here: www.longbeachcf.org/
Who is the CEO of Long Beach Community Foundation?
Marcelle Epley is the Director of Long Beach Community Foundation. The CEO's salary of Long Beach Community Foundation is $169,783 and their total compensation is $174,877.
Official website here: www.longbeachcf.org/
What is the revenue of Long Beach Community Foundation?
Long Beach Community Foundation's revenue in 2022 was $4,523,032.
Official website here: www.longbeachcf.org/
Who are the executives of Long Beach Community Foundation and what are their salaries?
The average compensation at Long Beach Community Foundation during 2022 was $80,091. There are 5 employees at Long Beach Community Foundation.
Here are 14 key members and their salaries (Long Beach Community Foundation's CEO's salary is $169,783 and their total compensation is $174,877):
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- Compensation: $169,783
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- Other: $5,094
Official website here: www.longbeachcf.org/
Where can I find the form 990 for Long Beach Community Foundation?
Long Beach Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.longbeachcf.org/
Learn more at the official website: www.longbeachcf.org/
Mission Statement of Long Beach Community Foundation
The Long Beach Community Foundation serves as a catalyst for positive change. With a mission to initiate beneficial transformations in Long Beach, the organization carries out its charitable giving, stewardship, and strategic grantmaking activities meticulously. The foundation's primary role is to allocate grants to eligible nonprofit agencies and government subdivisions, as suggested by its board of directors, donor advisors, and creators of special-purpose charitable funds and endowments. Most of these grants are intended to support charitable programs within the city of Long Beach.
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Impact
October, 2024
Long Beach Community Foundation plays a pivotal role in driving positive change within the city through strategic grantmaking and charitable initiatives. It acts as a leader in philanthropy by distributing grants to eligible agencies and government subdivisions as recommended by its board of directors, donor advisors, and creators of special purpose charitable funds and endowments. Most of these grants are specifically aimed at enhancing charitable programs that directly benefit the Long Beach community. The foundation’s commitment to stewardship and targeted giving fosters a culture of collaboration and support, ultimately uplifting local initiatives and addressing the needs of residents in Long Beach.
This information is meant to be a general summary of Long Beach 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: $1,295,809
- Program Service Revenue: $186,433
- Gross Receipts: $18,610,084
Assets and Liabilities:
- Total Assets: $60,390,962
- Total Liabilities: $18,682,760
- Net Assets: $41,708,202
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$186,433
Organization Details
Founding Year
2006
Phone
(562) 435-9033Principal Officer
Marcelle Epley
Main Address
400 OCEANGATE AVE 800, LONG BEACH, CA, 90802
Website
www.longbeachcf.org/NTEE Category
Code: T30 - Philanthropy
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