Overview
What is Allegany County Area Foundation?
The Allegany County Area Foundation is a nonprofit organization situated in Belmont, New York. This foundation plays a significant role in supporting the local community by granting funds to both community organizations and individuals, in the form of scholarships. Additionally, the foundation assists organizations in securing their futures by managing their endowment funds. This proactive approach ensures that individuals in the community have access to necessary resources and support. The foundation, with a team of three dedicated individuals, operates within the confines of Allegany County.
Official website here: www.alleganycountyareafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
The Allegany County Area Foundation has received a strong Four-Star rating from Charity Navigator, reflecting its high performance in accountability and finance. The foundation's overall score is based entirely on its accountability and finance metrics, where it achieved a notable score of 92%. This rating indicates a commitment to transparency and responsible financial management, which is essential for building trust with donors and stakeholders.
Strengths of the Allegany County Area Foundation include having a fully independent board with eight members, a clean record with no material diversion of assets, and a very high program expense ratio of 96.53%. This suggests that the majority of its funds are directed towards its mission-related programs, maximizing the impact of its efforts in the community. Additionally, the foundation has clear documentation practices, including a conflict of interest policy and meeting minutes.
However, there are some limitations noted in the data. The organization is missing a whistleblower policy and has not posted its tax form on its website, which may raise concerns about transparency in certain areas. Nonetheless, the overall financial health, as indicated by a zero liability to assets ratio, points to a strong foundation capable of fulfilling its commitments to its programs and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Allegany County Area Foundation legitimate?
Allegany County Area Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Allegany County Area 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: $30,206
Professional Fundraising Fees: $0
Other Salaries and Wages: $30,668
For more financial information, click here
Official website here: www.alleganycountyareafoundation.org
What is the mission statement of Allegany County Area Foundation?
The Allegany County Area Foundation's mission involves providing financial assistance to both individuals and community organizations. By awarding scholarships to individuals, it empowers deserving individuals with educational opportunities. Simultaneously, it grants funds to community organizations, thereby supporting various local initiatives. Furthermore, the foundation plays a crucial role in ensuring the long-term sustainability of these organizations by managing their endowment funds. In essence, the Allegany County Area Foundation serves as a pillar of support, promoting community development and individual success.
Official website here: www.alleganycountyareafoundation.org
Who is the CEO of Allegany County Area Foundation?
Bruce Campbell is the Executive Director of Allegany County Area Foundation.
Official website here: www.alleganycountyareafoundation.org
What is the revenue of Allegany County Area Foundation?
Allegany County Area Foundation's revenue in 2023 was $1,911,306.
Official website here: www.alleganycountyareafoundation.org
Who are the executives of Allegany County Area Foundation and what are their salaries?
The average compensation at Allegany County Area Foundation during 2023 was $20,291. There are 3 employees and 25 volunteers at Allegany County Area Foundation.
Here are 13 key members and their salaries:
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Official website here: www.alleganycountyareafoundation.org
Where can I find the form 990 for Allegany County Area Foundation?
Allegany County Area Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.alleganycountyareafoundation.org
Learn more at the official website: www.alleganycountyareafoundation.org
Mission Statement of Allegany County Area Foundation
The Allegany County Area Foundation plays a vital role in its community by granting funds to both community organizations and individuals in the form of scholarships. Beyond this, the organization also assists in ensuring the financial stability of various community organizations by managing their endowment funds. By doing so, the Allegany County Area Foundation is dedicated to empowering both individuals and organizations within its area of operation, ensuring their long-term success and sustainability.
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Impact
October, 2024
The Allegany County Area Foundation significantly enriches the community by providing scholarships to individuals and grants to community organizations. By supporting educational pursuits and enhancing community initiatives, the foundation fosters growth and development within the region. Additionally, it plays a crucial role in helping organizations secure their futures through the management of endowment funds, ensuring long-term sustainability and impact. By investing in both individuals and organizations, the foundation strengthens the fabric of the community in Belmont, NY, promoting a culture of support and opportunity for all.
This information is meant to be a general summary of Allegany County Area 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 2023.
- Investment Income: $435,232
- Gross Receipts: $1,911,306
Assets and Liabilities:
- Total Assets: $13,196,261
- Total Liabilities: $0
- Net Assets: $13,196,261
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Organization Details
Founding Year
1983
Phone
(585) 268-5573Principal Officer
Bruce Campbell
Main Address
6087 State Rd Route 19 N 180, Belmont, NY, 14813
NTEE Category
Code: B82Z - Education
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