Overview
What is Community Foundation Of New Jersey?
The Community Foundation of New Jersey (CFNJ), established in 1979, serves as a trusted partner in New Jersey, connecting donors to various causes and communities. With a team of 32 employees, CFNJ facilitates the creation and management of charitable funds. These funds include scholarship funds, corporate philanthropy, legacy funds, donor-advised funds, and various other giving vehicles. In 2022, CFNJ granted over 8,000 individual awards, totaling $100 million, and currently manages over $830 million in charitable assets. By providing tailored solutions, CFNJ enables donors to support organizations, issues, and geographic areas that resonate with them, fostering the art of lasting philanthropy.
Official website here: www.cfnj.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Community Foundation of New Jersey has achieved an impressive Four-Star rating from Charity Navigator, reflecting its excellence in both accountability and financial management as well as impact measurement. With a perfect score of 100 in both categories, the organization exemplifies a commitment to transparency and effective use of funds.
A significant program expense ratio of 97.67% indicates that the vast majority of donations are directed toward program services, suggesting a strong focus on fulfilling its mission. Additionally, the foundation has effectively served 1,755 beneficiaries within a short timeframe, showcasing its capacity for impactful community engagement.
While the organization demonstrates exemplary financial health, the low liabilities to assets ratio at 3.87% and a strong working capital ratio of 5.52 years further enhance its stability. However, user feedback on specific programs or long-term outcomes may provide a more comprehensive understanding of its overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of New Jersey legitimate?
Community Foundation Of New Jersey is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of New Jersey 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: $1,079,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,643,726
For more financial information, click here
Official website here: www.cfnj.org
What is the mission statement of Community Foundation Of New Jersey?
The Community Foundation of New Jersey (CFNJ) serves as a bridge between donors and organizations, facilitating charitable giving and providing support. Founded in 1979, CFNJ has helped hundreds of families, businesses, and foundations convert private resources into charitable funds. From tackling critical social and policy issues through creative projects to managing scholarship funds, corporate philanthropy, and donor-advised funds, CFNJ offers various giving vehicles. In 2022, they made 8,000 individual grants, amounting to $100 million. Currently, CFNJ manages over $830 million in charitable assets, granting funds to nonprofit organizations based on the advice of active fundholders or the philanthropic goals of those who leave bequests.
Official website here: www.cfnj.org
Who is the CEO of Community Foundation Of New Jersey?
Hans Dekker is the Trustee of Community Foundation Of New Jersey.
Official website here: www.cfnj.org
What is the revenue of Community Foundation Of New Jersey?
Community Foundation Of New Jersey's revenue in 2022 was $153,275,906.
Official website here: www.cfnj.org
Who are the executives of Community Foundation Of New Jersey and what are their salaries?
The average compensation at Community Foundation Of New Jersey during 2022 was $85,093. There are 32 employees and 133 volunteers at Community Foundation Of New Jersey.
Here are 27 key members and their salaries:
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Official website here: www.cfnj.org
Where can I find the form 990 for Community Foundation Of New Jersey?
Community Foundation Of New Jersey's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfnj.org
Learn more at the official website: www.cfnj.org
Mission Statement of Community Foundation Of New Jersey
The Community Foundation of New Jersey (CFNJ) is a leading philanthropic organization that has been connecting donors to causes and communities important to them since 1979. With a mission to act as a trusted partner, CFNJ provides leadership and support to donors, community organizations, leaders, and foundations to achieve the art of lasting philanthropy.
CFNJ facilitates the creation of various charitable funds, from creative projects addressing societal issues and policy matters to scholarship funds, corporate philanthropy, legacy funds, and donor-advised funds. The foundation tailors solutions to address critical needs, managing nearly every type of giving vehicle. In 2022, CFNJ made over 8,000 individual grants totaling $100 million. Currently, CFNJ stewards over $830 million in charitable assets, granting funds to nonprofit organizations in line with the advice of active fundholders or the philanthropic goals of those who leave bequests.
The Community Foundation of New Jersey plays a vital role in New Jersey's philanthropic landscape by connecting donors' private resources to charitable causes and community needs. Their mission is to help donors make a lasting impact on the issues and communities they care about, providing support and leadership along the way. Through their various philanthropic vehicles and initiatives, CFNJ empowers donors to create a lasting legacy and contribute to the betterment of society.
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Impact
October, 2024
The Community Foundation of New Jersey (CFNJ) plays a vital role in transforming private resources into meaningful charitable initiatives that enhance communities across the state. Since its inception in 1979, CFNJ has collaborated with families, businesses, and foundations to address critical societal challenges through strategic philanthropy.
In 2022 alone, CFNJ made an impressive impact by distributing 8,000 individual grants totaling $100 million. This extensive support enables a wide range of projects, from tackling urgent policy issues to funding educational scholarships and fostering corporate philanthropy. With stewardship of over $830 million in charitable assets, CFNJ continues to align its grantmaking with the philanthropic aspirations of its fundholders and the needs of the communities it serves.
CFNJ's leadership extends beyond mere grantmaking; it acts as a vital connector between donors and organizations that align with their values and interests. This personalized approach to philanthropy ensures that contributions have a lasting and transformative effect. Through its efforts, CFNJ not only supports current needs but also cultivates a culture of giving that encourages enduring support for community causes, thereby achieving a sustainable impact that resonates over time.
This information is meant to be a general summary of Community Foundation Of New Jersey. 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: $19,730,404
- Program Service Revenue: $3,847,168
- Gross Receipts: $318,425,143
Assets and Liabilities:
- Total Assets: $736,851,451
- Total Liabilities: $28,571,119
- Net Assets: $708,280,332
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE
Revenue
$3,847,168
Organization Details
Founding Year
1979
Phone
(973) 267-5533Principal Officer
Hans Dekker
Main Address
PO BOX 338 - 35 KNOX HILL ROAD, MORRISTOWN, NJ, 079630338
Website
www.cfnj.orgNTEE Category
Code: T310 - Philanthropy
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