Overview
What is Captrust Community Foundation Inc?
Captrust Community Foundation Inc is a charitable organization based in Raleigh, North Carolina, with a focus on improving children's lives. Their grant program supports local and national charities that cater to the needs of children, with a significant donation given annually to a chosen charity. In addition, national grants are awarded through their Partnership Grant Program. The Crisis Grant Program is designed to assist charities helping those severely impacted by natural disasters or crises. Furthermore, the Employee Grant Program allows Captrust employees to submit requests for small grants to various charities. The organization's mission is to enrich the lives of children in need in the communities they serve, supporting organizations across the country that specifically help children dealing with physical disabilities, illnesses, abuse, poverty, parental absence, and more.
Official website here: www.captrustcommunityfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating reflects the organization's overall performance in accountability and finance, indicating areas where it meets standards but also highlights some deficiencies. A score of 73% suggests that while the foundation has significant strengths, there is room for improvement, particularly in certain governance practices.
Captrust Community Foundation Inc has demonstrated strong governance features, with 100% of its board members being independent and no material diversion of assets reported. Furthermore, the foundation has maintained a high program expense ratio of 98.66%, indicating that a significant portion of its resources is directed towards its charitable programs. These strengths suggest a commitment to mission-driven activities and effective oversight.
However, the organization faces notable challenges related to its accountability practices. The absence of a whistleblower policy and document retention and destruction policy raises concerns about transparency and governance. Additionally, it does not post its tax form on its website, which is a missed opportunity for enhancing public trust. Addressing these shortcomings could significantly improve its overall rating and credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Captrust Community Foundation Inc legitimate?
Captrust Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Captrust Community 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.
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For more financial information, click here
Official website here: www.captrustcommunityfoundation.org
What is the mission statement of Captrust Community Foundation Inc?
The Captrust Community Foundation Inc's mission is centered around enriching the lives of children in need, particularly those dealing with physical disabilities, illnesses, abuse, poverty, and the absence of a parent. They achieve this by supporting various organizations across the country. Their grant program primarily focuses on local and national charities catering to the needs of children. Each year, a charity dedicated to enhancing children's lives is chosen to receive a significant donation. Besides this, several national grants are awarded annually through the CCF's partnership grant program. Moreover, the crisis grant program is designed to aid charities assisting those severely impacted by natural disasters or crises. Lastly, Captrust employees can submit requests for small grants to charities through the employee grant program.
Official website here: www.captrustcommunityfoundation.org
Who is the CEO of Captrust Community Foundation Inc?
Greg Delage is the President of Captrust Community Foundation Inc.
Official website here: www.captrustcommunityfoundation.org
What is the revenue of Captrust Community Foundation Inc?
Captrust Community Foundation Inc's revenue in 2022 was $628,169.
Official website here: www.captrustcommunityfoundation.org
Who are the executives of Captrust Community Foundation Inc and what are their salaries?
There 333 volunteers at Captrust Community Foundation Inc.
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Official website here: www.captrustcommunityfoundation.org
Where can I find the form 990 for Captrust Community Foundation Inc?
Captrust Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.captrustcommunityfoundation.org
Learn more at the official website: www.captrustcommunityfoundation.org
Mission Statement of Captrust Community Foundation Inc
Captrust Community Foundation Inc, a nonprofit organization, is dedicated to enriching the lives of children in need within the communities it serves. Its mission is to support organizations across the country that specifically cater to children facing various challenges. These challenges range from physical disabilities and illnesses to abuse, poverty, and the absence of a parent. By providing substantial donations to a chosen charity each year, as well as through its national grant program and crisis grant program, Captrust Community Foundation Inc seeks to make a significant impact in the lives of these children. The foundation also offers an employee grant program, allowing Captrust employees to provide small grants to charities of their choice, further extending its reach and impact.
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Impact
July, 2024
Captrust Community Foundation Inc's impact is focused on enriching the lives of children in need in the communities it serves. The foundation's grant programs target local and national charities that address the diverse needs of children, including those with physical disabilities, illnesses, abuse, poverty, absence of a parent, and more. In addition to selecting a charity of choice for a substantial donation each year, the foundation also awards several national grants through its partnership grant program and provides crisis grants to organizations assisting those severely impacted by natural disasters or other crises. Through the employee grant program, Captrust employees have the opportunity to support charities by submitting requests for small grants. The foundation's efforts are aimed at making a positive difference in the lives of vulnerable children nationwide.
This information is meant to be a general summary of Captrust Community 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 2022.
- Investment Income: -$235
- Gross Receipts: $3,324,806
Assets and Liabilities:
- Total Assets: $3,315,934
- Total Liabilities: $0
- Net Assets: $3,315,934
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Organization Details
Founding Year
2007
Phone
(800) 216-0645Principal Officer
Greg Delage
Main Address
4208 SIX FORKS ROAD 1700, RALEIGH, NC, 27609
NTEE Category
Code: L12 - Housing
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