Overview
What is Corvette Enthusiasts Community Foundation?
The Corvette Enthusiasts Community Foundation is a charitable organization, established to support various causes that fall under the categories of education and charity. They achieve this by making contributions to other recognized 501(c)(3) organizations and providing scholarship grants. Their mission is centered around these two primary objectives, aiming to make a positive impact in their community and beyond.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning a Two-Star out of Four Star rating.
The Corvette Enthusiasts Community Foundation has demonstrated strengths in several areas of accountability and finance, achieving a 76.84% program expense ratio and maintaining a perfect score for board independence and documentation of board meeting minutes. These metrics indicate a commitment to using funds effectively for their programs, as well as a well-structured governance model with independent board members.
However, the organization faces notable limitations, particularly in governance policies. The absence of a conflict of interest policy, whistleblower policy, and a document retention and destruction policy has negatively impacted its overall rating. Additionally, the lack of publicly posted tax forms on their website raises transparency issues, which may affect the trust of potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Corvette Enthusiasts Community Foundation legitimate?
Corvette Enthusiasts Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Corvette Enthusiasts 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Corvette Enthusiasts Community Foundation?
The Corvette Enthusiasts Community Foundation is dedicated to serving charitable and educational purposes. This is achieved by making contributions to other eligible 501(c)(3) non-profit organizations and providing scholarship grants. Their mission involves supporting various causes through financial contributions to other qualified charitable organizations.
Who is the CEO of Corvette Enthusiasts Community Foundation?
Ed Scannapieco is the President of Corvette Enthusiasts Community Foundation.
What is the revenue of Corvette Enthusiasts Community Foundation?
Corvette Enthusiasts Community Foundation's revenue in 2022 was $6,085.
Who are the executives of Corvette Enthusiasts Community Foundation and what are their salaries?
Here are 5 key members and their salaries:
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- Other: $0
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- Compensation: $0
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Where can I find the form 990 for Corvette Enthusiasts Community Foundation?
Corvette Enthusiasts Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Corvette Enthusiasts Community Foundation
The Corvette Enthusiasts Community Foundation is dedicated to serving charitable and educational purposes. They accomplish this mission by making contributions to other qualified 501(c)(3) exempt organizations and offering scholarship grants. This nonprofit organization's programs primarily involve providing financial support to various charities that share similar goals and values. Furthermore, the foundation extends its generosity to deserving students through scholarship grants, helping to foster their educational growth and development.
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Impact
August, 2024
Corvette Enthusiasts Community Foundation's impact lies in its mission to support charitable and educational causes through contributions to other qualified 501(c)(3) exempt organizations and scholarship grants. Through their programs, the foundation plays a vital role in donating to other organizations that work towards various charitable and educational purposes. This support enables these organizations to further their initiatives and positively impact their communities. Additionally, by providing scholarship grants, the foundation helps individuals further their education and pursue their academic goals. Overall, Corvette Enthusiasts Community Foundation's impact is felt through its contributions towards supporting important causes and fostering educational opportunities.
This information is meant to be a general summary of Corvette Enthusiasts 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: $5
- Gross Receipts: $34,553
Assets and Liabilities:
- Total Assets: $60,345
- Total Liabilities: $0
- Net Assets: $60,345
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Organization Details
Founding Year
1994
Phone
(610) 388-2175Principal Officer
Ed Scannapieco
Main Address
738 SCHOOL LINE DRIVE, KING OF PRUSSIA, PA, 19406
NTEE Category
Code: Z99Z - Unknown
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