Overview
What is Memphis-Plough Community Foundation?
The Memphis-Plough Community Foundation is a nonprofit organization situated in Memphis, Tennessee, specifically at 1900 Union Avenue, 38112. Its sole purpose is to accept property exclusively for charitable, religious, scientific, literary, or educational purposes, primarily benefiting Memphis and Shelby County. The foundation's primary mission is to support the Community Foundation of Greater Memphis, Inc., in carrying out its charitable mission. This assistance may encompass various sectors, including but not limited to, community development, education, health, and social services. The foundation contributes to bettering the lives of its community by utilizing its resources in alignment with these exempt purposes.
Official website here: www.cfgm.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% - Four-Star out of Four Star rating
The Memphis-Plough Community Foundation has achieved an impressive score of 97%, reflecting its strong commitment to accountability and financial health. The foundation's high rating is primarily derived from its exceptional performance in the Accountability & Finance beacon, indicating that it effectively manages its resources and adheres to best practices in governance.
Strengths of the organization include its majority independent board, which consists of 88% independent members, and a robust set of policies such as conflict of interest, whistleblower, and document retention policies. Additionally, the foundation demonstrates a low liabilities to assets ratio of 0.05%, underscoring its financial stability. With 80.70% of its expenses allocated to programs, the organization clearly prioritizes its mission and the impact of its work.
No significant limitations or concerns were noted in the data, indicating that the Memphis-Plough Community Foundation operates transparently and efficiently. Overall, the foundation's strong governance practices and effective financial management contribute to its positive standing as a reputable nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Memphis-Plough Community Foundation legitimate?
Memphis-Plough Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memphis-Plough 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
Official website here: www.cfgm.org
What is the mission statement of Memphis-Plough Community Foundation?
The Memphis-Plough Community Foundation's primary mission is to aid the Community Foundation of Greater Memphis, Inc. in carrying out its charitable objectives. This assistance is a key part of the organization's exempt purpose. The foundation's sole program involves accepting property for use, predominantly for religious, charitable, scientific, literary, or educational purposes, primarily benefiting Memphis and Shelby County.
Official website here: www.cfgm.org
Who is the CEO of Memphis-Plough Community Foundation?
Robert M Fockler is the President of Memphis-Plough Community Foundation.
Official website here: www.cfgm.org
What is the revenue of Memphis-Plough Community Foundation?
Memphis-Plough Community Foundation's revenue in 2023 was $15,182.
Official website here: www.cfgm.org
Who are the executives of Memphis-Plough Community Foundation and what are their salaries?
There 9 volunteers at Memphis-Plough Community Foundation.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $361,278
- Other: $52,877
- Compensation: $0
- Related: $183,378
- Other: $13,766
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- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cfgm.org
Where can I find the form 990 for Memphis-Plough Community Foundation?
Memphis-Plough Community Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cfgm.org
Learn more at the official website: www.cfgm.org
Mission Statement of Memphis-Plough Community Foundation
The Memphis-Plough Community Foundation is devoted to supporting the Community Foundation of Greater Memphis, Inc. in carrying out its charitable mission. This organization serves as an assistant, contributing to the fulfillment of the primary charitable objectives of the Community Foundation of Greater Memphis, Inc. The Memphis-Plough Community Foundation's sole program involves accepting property for exclusive use, primarily benefiting Memphis and Shelby County. This property is intended for religious, charitable, scientific, literary, or educational purposes. In essence, the Memphis-Plough Community Foundation plays a crucial role in furthering the charitable mission of the Community Foundation of Greater Memphis, Inc., by providing resources and accepting property for these specific purposes.
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Impact
August, 2024
The Memphis-Plough Community Foundation's impact is focused on assisting the Community Foundation of Greater Memphis, Inc. in carrying out its charitable mission. This is achieved through accepting property for use exclusively for religious, charitable, scientific, literary, or educational purposes primarily in and for the benefit of Memphis and Shelby County. Through these efforts, the foundation contributes to the betterment and support of the local community, emphasizing philanthropy as a key driving force.
This information is meant to be a general summary of Memphis-Plough 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 2023.
- Investment Income: $15,182
- Gross Receipts: $35,922
Assets and Liabilities:
- Total Assets: $1,756,509
- Total Liabilities: $975
- Net Assets: $1,755,534
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Organization Details
Founding Year
1974
Phone
(901) 728-4600Principal Officer
Robert M Fockler
Main Address
1900 UNION AVENUE, MEMPHIS, TN, 38112
Website
www.cfgm.orgNTEE Category
Code: T31Z - Philanthropy
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