Overview
What is Scranton Area Foundation Inc?
The Scranton Area Foundation Inc, situated in Scranton, Pennsylvania, serves as a significant community resource in Northeastern Pennsylvania. Established by and for the region's people, its primary mission is to enhance the quality of life there by managing permanent endowment funds, supporting the community's evolving needs and opportunities, providing a charitable platform for individuals, non-profit organizations, and the community, and mobilizing community leadership in response to issues. In 2022, it added 24 new funds, bringing the total to 308, and distributed over $6 million in grants and scholarships to various organizations. The foundation also manages two private foundations and leads several community initiatives, such as NEPA Thrives, NEPA Moves, Women in Philanthropy, NEPA Animal Welfare Collaborative, and NEPA Gives, each aimed at addressing unique challenges in the region.
Official website here: www.safdn.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 97% (Four-Star out of Four Star Rating)**
The Scranton Area Foundation Inc holds an impressive Four-Star rating on Charity Navigator with a robust overall score of 97%. This rating is primarily based on high marks for Accountability & Finance as well as exceptional Leadership & Adaptability. With 100% of its board members being independent and extensive oversight measures in place, the foundation demonstrates strong governance and financial responsibility.
The foundation is recognized for effectively managing permanent endowment funds and offering community support through grants. Its mission to enhance the quality of life in Lackawanna County highlights its commitment to both leadership development and strategic community partnerships. The organization’s adaptability, particularly noted during significant changes in 2021, allowed it to expand its charitable activities, resulting in an increased number of grants and scholarships.
Unfortunately, user reviews from GreatNonprofits could not be accessed, so public sentiment based on user feedback is currently unavailable. Nonetheless, the organization’s operational excellence is evident in its financial metrics and strategic goals aimed at fostering charitable connections in the community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Scranton Area Foundation Inc?
100% of 11 reviewers on Facebook recommend the Scranton Area Foundation Inc. Here is a summary of their reviews:
Supporters express deep appreciation for the foundation's impactful work, highlighting the compassionate assistance they receive from staff members. One reviewer shared a heartfelt story about how the foundation helped establish a memorial fund in honor of a loved one who battled addiction. This initiative not only honors the individual's life but also aids families in coping with the challenges related to such struggles.
Overall, the sentiment surrounding the organization is overwhelmingly positive, with many praising the genuine care and support offered by team members like Rachel Drazdowski. This dedication to helping families honor their loved ones reflects the nonprofit's commitment to making a meaningful difference in the community.
This AI summary has been generated from reviews found on Facebook.
Is Scranton Area Foundation Inc legitimate?
Scranton Area Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Scranton Area 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $179,417
Professional Fundraising Fees: $0
Other Salaries and Wages: $498,238
For more financial information, click here
Official website here: www.safdn.org
What is the mission statement of Scranton Area Foundation Inc?
The Scranton Area Foundation's mission is to enhance the quality of life in a specific region by serving as a steward, grantmaker, charitable resource, and catalyst. As a steward, it manages permanent endowment funds. Acting as a grantmaker, it supports the community in addressing emerging and changing needs and opportunities. In its role as a charitable resource, it encourages and educates donors, providing a flexible platform for individual donors, non-profit organizations, and the community at large. As a catalyst, it mobilizes community leadership to respond to issues. The foundation was created by and for the people of this region to assist donors in building and sustaining their community while carrying out their charitable intentions.
Official website here: www.safdn.org
Who is the CEO of Scranton Area Foundation Inc?
Laura Ducceschi is the Chair of Scranton Area Foundation Inc. The CEO's salary of Scranton Area Foundation Inc is $167,930 and their total compensation is $194,209.
Official website here: www.safdn.org
What is the revenue of Scranton Area Foundation Inc?
Scranton Area Foundation Inc's revenue in 2022 was $9,233,945.
Official website here: www.safdn.org
Who are the executives of Scranton Area Foundation Inc and what are their salaries?
The average compensation at Scranton Area Foundation Inc during 2022 was $52,127. There are 13 employees at Scranton Area Foundation Inc.
Here are 18 key members and their salaries (Scranton Area Foundation Inc's CEO's salary is $167,930 and their total compensation is $194,209):
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- Compensation: $167,930
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- Other: $26,279
Official website here: www.safdn.org
Where can I find the form 990 for Scranton Area Foundation Inc?
Scranton Area Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.safdn.org
Learn more at the official website: www.safdn.org
Mission Statement of Scranton Area Foundation Inc
Scranton Area Foundation, a charitable resource established by and for the people of northeastern Pennsylvania, is committed to enhancing the quality of life in the region. The foundation accomplishes this mission through various roles. Firstly, as a steward, it develops and manages permanent endowment funds, providing a sustainable source of support for the community. Secondly, acting as a grantmaker, Scranton Area Foundation offers financial assistance to enable the community to respond to emerging and changing needs and opportunities. This proactive approach ensures that the foundation remains relevant and effective in addressing the evolving needs of northeastern Pennsylvania.
In addition to its role as a steward and grantmaker, Scranton Area Foundation also serves as an educator and catalyst. It encourages and educates donors, helping them to understand the importance of charitable giving and providing a flexible vehicle for individual donors, non-profit organizations, and the community at large. Furthermore, the foundation mobilizes community leadership in response to issues, acting as a catalyst for positive change. By taking on these multiple roles, Scranton Area Foundation aims to assist donors in building and sustaining their community while carrying out their charitable intent.
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Impact
October, 2024
Scranton Area Foundation Inc significantly enhances the quality of life in Northeastern Pennsylvania through various impactful initiatives and programs. By developing and managing permanent endowment funds, the foundation creates a sustainable funding source for community needs and opportunities. In 2022, it distributed over $6 million in grants and nearly $1 million in scholarships to local students, demonstrating a strong commitment to education and community support.
The foundation’s leadership in the NEPA Thrives workforce initiative addresses regional workforce challenges, facilitating collaboration among employers, funders, and educational representatives. This initiative aims to build a robust economy where all individuals and families can thrive. Additionally, NEPA Moves focuses on improving transportation equity among Scranton, Pittston, and Wilkes-Barre, fostering better connectivity and infrastructure.
Through the Women in Philanthropy initiative, Scranton Area Foundation Inc supports systemic change for disadvantaged women and children, emphasizing education, healthcare, affordable childcare, and civic engagement. Its commitment to animal welfare is also notable, with the NEPA Animal Welfare Collaborative aiming to advance causes in animal care and ensure that animals are free from abuse and neglect.
Scranton Area Foundation Inc not only serves as a grantmaker but also acts as a charitable resource by advising and educating donors, maximizing their impact on the community. Its recent initiatives in diversity, equity, and inclusion have engaged nearly 200 community leaders, showcasing its role as a catalyst for social change. Overall, the foundation plays a pivotal role in mobilizing community resources, addressing critical needs, and fostering sustainable development in the region.
This information is meant to be a general summary of Scranton Area 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: $2,006,350
- Gross Receipts: $20,195,852
Assets and Liabilities:
- Total Assets: $52,409,547
- Total Liabilities: $4,778,786
- Net Assets: $47,630,761
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Organization Details
Founding Year
1954
Phone
(570) 347-6203Principal Officer
Laura Ducceschi
Main Address
615 JEFFERSON AVENUE SUITE 102, SCRANTON, PA, 18510
Website
www.safdn.orgNTEE Category
Code: T310 - Philanthropy
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