Overview
What is Community Foundations Of The Hudson Valley Inc?
Community Foundations of the Hudson Valley Inc, located at 25 Van Wagner Road, Poughkeepsie, New York, is a charitable organization with a team of 12 employees. Their primary role involves managing donor funds, prudently investing them, and distributing grants to various nonprofits for charitable purposes. Their activities include grantmaking, donor relations, and nonprofit technical assistance. In the fiscal year 2023, their major focus was on holding donor funds, investing them wisely, and making grant distributions to nonprofits in areas such as health and human services, arts and culture, community improvement, youth development, education and scholarships, animal welfare, and faith-based organizations' charitable activities. The organization aims to inspire and celebrate local charitable giving and civic engagement in the community.
Official website here: www.communityfoundationshv.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star Rating
Community Foundations Of The Hudson Valley Inc has achieved a perfect score of 100%, reflecting exemplary performance in accountability and finance. This rating is significant as it showcases the organization's commitment to transparency and effective financial management, ensuring that resources are utilized wisely to support their mission. The charity's independent board, comprising 94% independent members, further emphasizes its dedication to maintaining strong governance practices.
The organization excels in various financial metrics, including a program expense ratio of 94.70%, indicating that a substantial portion of its funds directly supports its programs. Additionally, it maintains a low liabilities to assets ratio of 11.04%, demonstrating solid financial health. The fundraising efficiency ratio of $0.002 shows that the organization effectively minimizes fundraising costs, making the most of every dollar raised for its initiatives.
Despite these strengths, it is essential for potential donors and stakeholders to continue monitoring the foundation's activities and updates to ensure ongoing alignment with their values and objectives. Overall, Community Foundations Of The Hudson Valley Inc stands out as a financially responsible and accountable organization, effectively serving the community it supports.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Community Foundations Of The Hudson Valley Inc?
96% of the 13 reviewers on Facebook recommend Community Foundations of the Hudson Valley Inc. Here is a summary of their reviews:
Many reviewers express gratitude for the impactful work carried out by the organization, highlighting its commitment to supporting local communities. The positive sentiments reflect a strong approval of the foundation’s initiatives and the meaningful differences they make in the region.
Overall, supporters appreciate the foundation's dedication and efficacy in addressing community needs, which bolsters its reputation as a reliable nonprofit organization within the Hudson Valley area.
This AI summary has been generated from reviews found on Facebook.
Is Community Foundations Of The Hudson Valley Inc legitimate?
Community Foundations Of The Hudson Valley Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundations Of The Hudson Valley 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: $303,093
Professional Fundraising Fees: $0
Other Salaries and Wages: $623,905
For more financial information, click here
Official website here: www.communityfoundationshv.org
What is the mission statement of Community Foundations Of The Hudson Valley Inc?
The Community Foundations of the Hudson Valley serves as a catalyst for local charitable giving and civic engagement. Their primary activities include holding donor funds, prudently investing them, and distributing grants to nonprofits for charitable purposes. The organization focuses on three main areas: grantmaking, donor relations, and nonprofit technical assistance. Through grantmaking, they disburse funds to meet community needs and align with donors' intentions, granting approximately ten million dollars annually for various sectors such as health and human services, arts and culture, community improvement, youth development, education and scholarships, animal welfare, and faith-based organizations' charitable activities.
Official website here: www.communityfoundationshv.org
Who is the CEO of Community Foundations Of The Hudson Valley Inc?
Laura Washington is the CEO of Community Foundations Of The Hudson Valley Inc The CEO's salary of Community Foundations Of The Hudson Valley Inc is $0 and their total compensation is $0.
Official website here: www.communityfoundationshv.org
What is the revenue of Community Foundations Of The Hudson Valley Inc?
Community Foundations Of The Hudson Valley Inc's revenue in 2024 was $33,010,069.
Official website here: www.communityfoundationshv.org
Who are the executives of Community Foundations Of The Hudson Valley Inc and what are their salaries?
The average compensation at Community Foundations Of The Hudson Valley Inc during 2024 was $61,800. There are 15 employees and 125 volunteers at Community Foundations Of The Hudson Valley Inc.
Here are 25 key members and their salaries (Community Foundations Of The Hudson Valley Inc's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $104,763
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- Compensation: $120,724
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- Other: $5,671
Official website here: www.communityfoundationshv.org
Where can I find the form 990 for Community Foundations Of The Hudson Valley Inc?
Community Foundations Of The Hudson Valley Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.communityfoundationshv.org
Learn more at the official website: www.communityfoundationshv.org
Mission Statement of Community Foundations Of The Hudson Valley Inc
Community Foundations of the Hudson Valley, a leading philanthropic organization, is dedicated to inspiring local charitable giving and civic engagement. Through its significant activities in the 2023 fiscal year, the Foundation held donor funds, invested them prudently, and made grant distributions to various nonprofits for charitable purposes.
The organization's mission is multifaceted. It delivers community leadership by granting funds to meet community needs and adhering to donors' intentions. In the realm of grantmaking, Community Foundations of the Hudson Valley disbursed close to $10 million for causes such as health and human services, arts and culture, community improvement, youth development, education and scholarships, animal welfare, and faith-based organizations' charitable activities. By providing financial support to these areas, the Foundation contributes to the overall betterment of the community.
In addition to its grantmaking activities, the Community Foundations of the Hudson Valley fosters donor relations. This involves building strong relationships with donors, ensuring their philanthropic goals are met, and offering opportunities for greater engagement in the local nonprofit sector. Lastly, the Foundation provides nonprofit technical assistance, offering expertise and resources to help nonprofits strengthen their operations and sustain their impact.
With a focus on community and philanthropic leadership, the Community Foundations of the Hudson Valley empowers change by inspiring local giving and fostering civic engagement. Through its various programs, the organization addresses the needs of the community and supports the important work of local nonprofits.
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Impact
October, 2024
Community Foundations of the Hudson Valley has made a significant impact by managing donor funds and distributing nearly $10 million in grants during the 2023 fiscal year. These grants address various community needs across multiple sectors, including health and human services, arts and culture, community improvement, youth development, education, scholarships, animal welfare, and faith-based organizations.
Through its focused grant-making, the organization aligns funding with the unique intentions of its donors, effectively mobilizing resources to enrich local communities. Additionally, the foundation enhances donor relations and provides technical assistance, fostering a culture of civic engagement and inspiring charitable giving throughout the region. This multifaceted approach ensures that diverse community needs are met and that local philanthropic efforts contribute to sustainable improvements across the Hudson Valley.
This information is meant to be a general summary of Community Foundations Of The Hudson Valley 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 2024.
- Investment Income: $2,543,779
- Program Service Revenue: $146,454
- Gross Receipts: $56,669,478
Assets and Liabilities:
- Total Assets: $104,336,174
- Total Liabilities: $11,523,042
- Net Assets: $92,813,132
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE SERVICE FEES
Revenue
$146,454
Organization Details
Founding Year
1969
Principal Officer
Laura Washington
NTEE Category
Code: T31 - Philanthropy
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