Overview
What is Marshall Community Foundation?
The Marshall Community Foundation is a nonprofit organization situated in Marshall, MI, dedicated to enhancing the local community. Its primary mission involves managing community endowment funds and distributing grants derived from these funds' earnings. These grants are allocated to diverse community projects, aiming to make the Marshall area an appealing place to reside, work, and raise a family. The foundation attracts funds from various donors, reaching a total of 98 endowments. It serves as a conduit for special projects and supports innovative programs, mindful of fulfilling the donors' intentions. The foundation is led by Wendee Woods.
Official website here: www.marshallcf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87%, Three-Star out of Four Star Rating
The Marshall Community Foundation has received a Three-Star rating from Charity Navigator, reflecting a strong level of accountability and financial health. With an overall score of 87%, the foundation excels in various metrics, particularly in having a fully independent board and no material diversion of assets, which speaks to its governance and operational integrity.
The foundation's financial management is commendable, with a program expense ratio of 78.61%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. Additionally, the organization demonstrates efficient fundraising practices, with a fundraising efficiency ratio of just $0.11, meaning it effectively raises funds with minimal expense.
Despite its strengths, the rating is solely based on the Accountability & Finance aspect, which means other dimensions such as Impact & Results or Leadership & Adaptability were not evaluated. This focus may limit a comprehensive understanding of the foundation's overall effectiveness and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Marshall Community Foundation legitimate?
Marshall Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marshall 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:
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Other Salaries and Wages: $153,747
For more financial information, click here
Official website here: www.marshallcf.org
What is the mission statement of Marshall Community Foundation?
The Marshall Community Foundation's mission is centered around improving the quality of life in the community. By managing community endowment funds, the foundation aims to attract donations from various sources and distribute grants to support innovative programs. The foundation's primary goal is to enhance the area, serving as a conduit for special projects and ensuring that the grants align with the intentions of the donors. The foundation's activities are mindful of its mission to make the community a better place for living, working, and raising a family.
Official website here: www.marshallcf.org
Who is the CEO of Marshall Community Foundation?
Wendee Woods is the President of Marshall Community Foundation.
Official website here: www.marshallcf.org
What is the revenue of Marshall Community Foundation?
Marshall Community Foundation's revenue in 2022 was $1,831,430.
Official website here: www.marshallcf.org
Who are the executives of Marshall Community Foundation and what are their salaries?
The average compensation at Marshall Community Foundation during 2022 was $38,437. There are 4 employees at Marshall Community Foundation.
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Official website here: www.marshallcf.org
Where can I find the form 990 for Marshall Community Foundation?
Marshall Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.marshallcf.org
Learn more at the official website: www.marshallcf.org
Mission Statement of Marshall Community Foundation
The Marshall Community Foundation, an esteemed organization, is dedicated to its mission of enhancing the quality of life in the Marshall area. With a focus on attracting 98 endowed funds from a diverse array of donors, the foundation serves as a catalyst for community improvement. It manages these endowment funds, generating earnings that are then distributed to support various community projects. The foundation's role extends beyond simply managing finances, as it also functions as a conduit for special projects and provides grants to sponsor innovative programs. Guided by the intentions of its donors, the Marshall Community Foundation is committed to contributing to the betterment of its community, making it a more appealing place for families to live, work, and grow.
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Impact
October, 2024
The Marshall Community Foundation significantly enhances the quality of life in the Marshall area by managing community endowment funds and channeling the earnings from these funds into a variety of local projects. With a commitment to making the community a better place to live, work, and raise a family, the foundation has successfully attracted 98 endowed funds from diverse donors. This collaborative approach fosters innovation and supports special projects that address the specific needs of the community.
By distributing grants that empower local initiatives, the foundation serves as a vital resource for enhancing educational, cultural, and social programs within Marshall. Each grant reflects the unique vision of its donors, ensuring that their intentions are honored while addressing the evolving needs of the community. This strategic focus on community improvement not only strengthens local projects but also builds a sense of connection and engagement among residents, making Marshall a more vibrant and supportive environment for all.
This information is meant to be a general summary of Marshall 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: $1,108,025
- Gross Receipts: $1,831,430
Assets and Liabilities:
- Total Assets: $17,090,125
- Total Liabilities: $2,500
- Net Assets: $17,087,625
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Organization Details
Founding Year
1968
Phone
(269) 781-2273Principal Officer
Wendee Woods
Main Address
614 HOMER ROAD, MARSHALL, MI, 49068
Website
www.marshallcf.orgNTEE Category
Code: T31 - Philanthropy
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