Overview
What is Albion Community Foundation?
The Albion Community Foundation is a nonprofit organization situated in Albion, Michigan. With a small team of two dedicated individuals, its primary mission is to augment the quality of life in the greater Albion area. They accomplish this by fostering community assets, a strategy that involves promoting and funding various local projects and cultural events. During the year, the foundation awarded over 30 grants to support these initiatives. The grants serve to enrich the community and contribute to its overall development.
Official website here: www.albionfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Albion Community Foundation has achieved a perfect score of 100%, reflecting its strong performance in accountability and finance. This rating is significant as it indicates the organization's commitment to transparency and effective financial management, which are crucial for donor confidence and support. The foundation has earned full marks in several key areas, including an independent board, a solid program expense ratio, and comprehensive policies for conflict of interest and whistleblower protections.
One of the notable strengths of the Albion Community Foundation is its governance structure, featuring a completely independent board comprising 13 members. This independence helps ensure that decisions are made in the best interests of the community served. Additionally, the foundation demonstrates excellent financial oversight, with its audit and oversight committee receiving the highest possible score.
While the organization enjoys high ratings in accountability and financial ratios, it is important to maintain this level of performance to continue earning donor trust and support. Overall, the Albion Community Foundation appears to be a well-managed nonprofit that prioritizes ethical practices and effective use of funds, with 90.92% of its expenses directed toward its programs.
This AI summary has been generated from information found on Charity Navigator.
Is Albion Community Foundation legitimate?
Albion Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Albion 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: $70,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $26,949
For more financial information, click here
Official website here: www.albionfoundation.org
What is the mission statement of Albion Community Foundation?
The Albion Community Foundation's mission is to enhance the quality of life in its community by cultivating and nurturing local assets. This is achieved by supporting various projects and cultural events, which benefit the local community. Throughout the year, the foundation awards numerous grants to further this cause. In essence, their goal is to contribute positively to the community's well-being and development by leveraging its assets.
Official website here: www.albionfoundation.org
Who is the CEO of Albion Community Foundation?
Shane Williamson is the Executive Di of Albion Community Foundation.
Official website here: www.albionfoundation.org
What is the revenue of Albion Community Foundation?
Albion Community Foundation's revenue in 2022 was $1,377,787.
Official website here: www.albionfoundation.org
Who are the executives of Albion Community Foundation and what are their salaries?
The average compensation at Albion Community Foundation during 2022 was $48,474. There are 2 employees and 10 volunteers at Albion Community Foundation.
Here are 14 key members and their salaries:
- Compensation: $70,000
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- Other: $0
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- Other: $0
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- Other: $0
Official website here: www.albionfoundation.org
Where can I find the form 990 for Albion Community Foundation?
Albion Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.albionfoundation.org
Learn more at the official website: www.albionfoundation.org
Mission Statement of Albion Community Foundation
Albion Community Foundation, a notable nonprofit organization, is dedicated to enhancing the quality of life in its community. Its mission is centered around cultivating community assets, aiming to strengthen the greater Albion area. This mission is achieved by promoting and funding various community projects and cultural events, thereby contributing to the local community's well-being in Albion, Michigan. The organization demonstrates its commitment to this mission by awarding over thirty grants annually, furthering its goal of improving the community's quality of life.
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Impact
October, 2024
Albion Community Foundation significantly enhances the quality of life in the greater Albion area by effectively cultivating community assets. Through the promotion and funding of various community projects and cultural events, the foundation has made a tangible impact on the local community of Albion, Michigan. Over the past year, it awarded more than 30 grants that directly benefited different initiatives, fostering community development and engagement. This commitment to strengthening Albion not only elevates the local cultural landscape but also supports the overall improvement of community well-being.
This information is meant to be a general summary of Albion 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: $234,964
- Program Service Revenue: $11,890
- Gross Receipts: $3,194,698
Assets and Liabilities:
- Total Assets: $6,024,694
- Total Liabilities: $710,741
- Net Assets: $5,313,953
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEE REVENUE
Revenue
$11,890
Organization Details
Founding Year
1968
Phone
(517) 629-3349Principal Officer
Shane Williamson
Main Address
PO BOX 156, ALBION, MI, 49224
Website
www.albionfoundation.orgNTEE Category
Code: S20J - Community improvement
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