Overview
What is Greater Lafayette Community Foundation?
Greater Lafayette Community Foundation is a nonprofit organization situated in Lafayette, Indiana. Their primary objective is to foster philanthropy, stewardship, and leadership within the communities they serve. They accomplish this by educating potential donors, meticulously investing and managing funds raised, and providing grants to numerous local not-for-profit organizations. These grants primarily focus on capital and capacity building, while those from designated, donor-advised, and field of interest funds can be utilized at the recipients' discretion. The foundation's mission, in essence, is to inspire, nurture, and practice philanthropy and leadership in their community. With a workforce of 8 individuals, they make a significant impact in their local area.
Official website here: www.inspiringgreater.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 97% (Four-Star out of Four Stars)**
The Greater Lafayette Community Foundation has received an impressive Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. With a score that predominantly relies on accountability metrics, the foundation boasts a highly independent board, robust financial oversight, and has demonstrated no material diversion of assets, which underscores its commitment to operating transparently and responsively.
Strengths highlighted include a good program expense ratio of nearly 80%, indicating that a significant portion of funds directly supports community programs. Additionally, the organization maintains an exemplary fundraising efficiency ratio of just $0.09, meaning it effectively uses its resources for fundraising efforts, ensuring that a large fraction of donations goes toward its mission.
While the foundation's overall performance is commendable, it has not yet been evaluated in terms of impact, leadership, or community engagement by Charity Navigator. This lack of scoring in broader metrics may limit a full understanding of its operational effectiveness and community impact, which potential donors should consider when evaluating their support.
User reviews from GreatNonprofits could not be fetched.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Lafayette Community Foundation legitimate?
Greater Lafayette Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Lafayette 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: $193,414
Professional Fundraising Fees: $0
Other Salaries and Wages: $369,711
For more financial information, click here
Official website here: www.inspiringgreater.org
What is the mission statement of Greater Lafayette Community Foundation?
The Greater Lafayette Community Foundation's mission is centered around inspiring, cultivating, and fostering philanthropy, stewardship, and leadership within the communities it serves. The organization accomplishes this by educating potential donors, diligently managing and overseeing funds raised, and providing grants to various local non-profit organizations. These grants primarily focus on capital and capacity building projects, although those from designated, donor-advised, and field of interest funds can be used at the agencies' discretion.
Official website here: www.inspiringgreater.org
Who is the CEO of Greater Lafayette Community Foundation?
William David Lasater is the President of Greater Lafayette Community Foundation.
Official website here: www.inspiringgreater.org
What is the revenue of Greater Lafayette Community Foundation?
Greater Lafayette Community Foundation's revenue in 2022 was $8,187,498.
Official website here: www.inspiringgreater.org
Who are the executives of Greater Lafayette Community Foundation and what are their salaries?
The average compensation at Greater Lafayette Community Foundation during 2022 was $70,391. There are 8 employees and 40 volunteers at Greater Lafayette Community Foundation.
Here are 16 key members and their salaries:
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Official website here: www.inspiringgreater.org
Where can I find the form 990 for Greater Lafayette Community Foundation?
Greater Lafayette Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.inspiringgreater.org
Learn more at the official website: www.inspiringgreater.org
Mission Statement of Greater Lafayette Community Foundation
The Greater Lafayette Community Foundation's mission is centered around inspiring, nurturing, and practicing philanthropy, stewardship, and leadership within the communities it serves. This organization plays a significant role in the community by educating potential donors, meticulously investing and managing funds raised, and offering support to various local not-for-profit organizations through grants. Grants issued from discretionary funds are primarily used for capital and capacity building purposes. On the other hand, grants derived from designated, donor-advised, and field of interest funds can be utilized at the discretion of the recipient agencies. In essence, the Greater Lafayette Community Foundation serves as a catalyst for community development, fostering a culture of philanthropy and empowerment.
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Impact
October, 2024
The Greater Lafayette Community Foundation plays a pivotal role in enhancing the quality of life within its communities by fostering a culture of philanthropy, stewardship, and leadership. By educating potential donors and effectively managing the funds raised, the foundation ensures that donations are invested wisely for maximum impact.
Through grants, it supports a diverse range of local not-for-profit organizations, empowering them to fulfill their missions and expand their capabilities. Grants from discretionary funds are typically allocated for capital improvements and capacity-building initiatives, while designated and donor-advised funds allow agencies the flexibility to address their unique needs.
This holistic approach not only strengthens the nonprofit landscape in Greater Lafayette but also inspires community members to engage in philanthropy, creating a cycle of giving and support that benefits all residents. Ultimately, the foundation’s influence can be seen in the thriving, interconnected communities that emerge from its dedicated efforts.
This information is meant to be a general summary of Greater Lafayette 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: $4,152,736
- Program Service Revenue: $13,511
- Gross Receipts: $16,273,653
Assets and Liabilities:
- Total Assets: $79,056,945
- Total Liabilities: $12,741,633
- Net Assets: $66,315,312
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GEN. SUPPORT REVENUE
Revenue
$13,511
Organization Details
Founding Year
1970
Phone
(765) 742-9078Principal Officer
William David Lasater
Main Address
300 MAIN STREET SUITE 100, LAFAYETTE, IN, 479011327
Website
www.inspiringgreater.orgNTEE Category
Code: T310 - Philanthropy
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