Overview
What is Community Foundation Of Western Massachusetts?
The Community Foundation of Western Massachusetts, located at 333 Bridge Street in Springfield, Massachusetts, is a nonprofit organization focused on enriching the regional quality of life by encouraging philanthropy and developing a permanent endowment. They serve the three counties in the area and have funded approximately 443 projects through their competitive grant program and designated grants. Additionally, they have granted over 1,600 times to public charities through donor-advised grants. The foundation's mission goes beyond grantmaking, as they act as a resource, catalyst, and coordinator for charitable activities, and aim to promote efficiency in the management of charitable funds. Their dedicated workforce of 27 individuals work together to assess and respond to emerging needs, making a significant impact on the community.
Official website here: www.communityfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
The Community Foundation of Western Massachusetts has achieved an impressive Four-Star rating, reflecting its strong performance in accountability and finance. With a high accountability score of 97%, the organization demonstrates robust financial health and transparency. Key indicators like a low liabilities to assets ratio and a high program expense ratio highlight its effective resource management and commitment to its mission.
The foundation's governance structure is notably solid, featuring a fully independent board of 15 members and comprehensive oversight practices, including a well-executed audit and conflict of interest policies. This strong governance framework contributes to the organization's overall stability and integrity, ensuring that funds are used efficiently for community benefit.
While the organization excels in many areas, its culture and community score of 83 indicates room for improvement in fostering community engagement and inclusiveness. Nonetheless, the implementation of equity practices shows a proactive approach to addressing these areas, enhancing its potential for positive community impact in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of Western Massachusetts legitimate?
Community Foundation Of Western Massachusetts is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of Western Massachusetts 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: $585,319
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,790,327
For more financial information, click here
Official website here: www.communityfoundation.org
What is the mission statement of Community Foundation Of Western Massachusetts?
The Community Foundation of Western Massachusetts strives to enhance the quality of life in the region by encouraging philanthropy and developing a permanent endowment. They act as a catalyst and coordinator for charitable activities, while also promoting efficiency in the management of charitable funds. The foundation assesses and responds to emerging and changing needs, serving as a valuable resource for the community. Their mission is to enrich lives by engaging in philanthropic efforts and managing charitable funds effectively.
Official website here: www.communityfoundation.org
Who is the CEO of Community Foundation Of Western Massachusetts?
Shannon Gurek is the Foundation Trustee of Community Foundation Of Western Massachusetts. The CEO's salary of Community Foundation Of Western Massachusetts is $0 and their total compensation is $0.
Official website here: www.communityfoundation.org
What is the revenue of Community Foundation Of Western Massachusetts?
Community Foundation Of Western Massachusetts's revenue in 2023 was $15,810,875.
Official website here: www.communityfoundation.org
Who are the executives of Community Foundation Of Western Massachusetts and what are their salaries?
The average compensation at Community Foundation Of Western Massachusetts during 2023 was $87,987. There are 27 employees and 150 volunteers at Community Foundation Of Western Massachusetts.
Here are 25 key members and their salaries (Community Foundation Of Western Massachusetts's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $137,619
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- Compensation: $143,423
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- Other: $29,728
- Compensation: $111,537
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- Other: $145
Official website here: www.communityfoundation.org
Where can I find the form 990 for Community Foundation Of Western Massachusetts?
Community Foundation Of Western Massachusetts's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.communityfoundation.org
Learn more at the official website: www.communityfoundation.org
Mission Statement of Community Foundation Of Western Massachusetts
The Community Foundation of Western Massachusetts, a leading philanthropic organization, strives to enrich the quality of life in the region by encouraging charitable giving and developing a permanent endowment. Acting as a catalyst and coordinator for charitable activities, the Foundation assesses and responds to emerging needs, serving as a valuable resource for the community. With a mission to promote efficiency in the management of charitable funds, the Community Foundation of Western Massachusetts works diligently to enhance the well-being of the people in their region.
By fostering philanthropy, the Community Foundation of Western Massachusetts plays a pivotal role in connecting donors with causes that resonate with them. The organization's endowment serves as a flexible and permanent source of funds, enabling it to address the evolving needs of the community and adapt to changing circumstances. When the Foundation identifies emerging issues, it responds proactively, using its resources to make a significant impact.
As a trusted partner and catalyst for charitable initiatives, the Community Foundation of Western Massachusetts supports various organizations and programs in the region. It serves as a vital connector, bringing together individuals, nonprofits, and community leaders to collaborate on projects and initiatives that improve the lives of the people they serve. Through its efficient management of charitable funds, the Community Foundation of Western Massachusetts maximizes the reach and impact of philanthropic investments, ensuring that they create lasting, positive change in the community.
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Impact
October, 2024
The Community Foundation of Western Massachusetts enhances regional quality of life by promoting philanthropy and managing charitable activities effectively. It serves as a catalyst for positive change by developing a flexible endowment and responding to the evolving needs of the community. Through a competitive grant program, the foundation has funded approximately 443 projects, providing essential support to improve the lives of residents in its three-county area. Additionally, it has facilitated around 1,667 donor-advised grants to public charities, significantly amplifying the impact of charitable contributions. By coordinating and streamlining charitable efforts, the foundation plays a vital role in fostering a spirit of giving and ensuring that resources are allocated efficiently to address pressing local issues.
This information is meant to be a general summary of Community Foundation Of Western Massachusetts. 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: $3,477,064
- Program Service Revenue: $297,557
- Gross Receipts: $42,210,036
Assets and Liabilities:
- Total Assets: $239,194,168
- Total Liabilities: $23,725,012
- Net Assets: $215,469,156
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATION REVENUE
Revenue
$297,557
Organization Details
Founding Year
1991
Phone
(413) 732-2858Principal Officer
Shannon Gurek
Main Address
333 BRIDGE STREET, SPRINGFIELD, MA, 01103
Website
www.communityfoundation.orgNTEE Category
Code: T310 - Philanthropy
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