Overview
What is Community Foundation For Palm Beach And Martin Counties Inc?
The Community Foundation for Palm Beach and Martin Counties Inc is a grantmaking organization based in West Palm Beach, Florida. With a team of 29 employees, their mission is to improve the quality of life for all residents by building permanent endowments, providing community leadership, and addressing needs through grantmaking. They strive to create connections in the community by inspiring and facilitating philanthropy. In 2022, they focused their grants on three strategic areas: community revitalization, positive youth development, and post-secondary & career pathways. One grant of $50,000 was awarded to the Homeless Coalition of Palm Beach County to help individuals and families transition from temporary housing to permanent housing and ensure self-sufficiency. Another grant of the same amount was given to Community Greening, a local nonprofit focusing on environmental sustainability, to support their Youth Tree Team, which provided job skills and career path information to local teens. The Community Foundation also connects donors to causes they are passionate about through Field of Interest Funds, ensuring their philanthropic intent remains consistent. In 2022, their Field of Interest Funds addressed pressing community needs through these three focus areas, granting a total of $2,125,609 to 71 nonprofits in Palm Beach County and Martin County. The current strategic plan was initiated in December 2021 and approved by the board of directors in June 2022, with implementation beginning in July 2022. This five-year plan focuses on discovering collective impact partnerships and listening closely to the needs of the local community.
Official website here: www.yourcommunityfoundation.org
What are the reviews and ratings of this charity?
98% rating from Charity Navigator indicates that Community Foundation For Palm Beach And Martin Counties Inc is highly effective and trustworthy. This Four-Star out of Four Star rating reflects strong accountability and financial health, with a perfect score of 100 in critical areas like independent board governance and financial oversight. Such high accountability ratings suggest that donors can trust their contributions are managed responsibly.
The organization excels in its program expenses, allocating over 88% of its resources directly to its initiatives, which is a positive indicator of its focus on impact rather than administrative costs. Additionally, its low fundraising efficiency ratio of $0.03 demonstrates effective fundraising practices, ensuring that most of the funds raised are directed toward the foundation's mission.
While the foundation shows strengths in equity strategies and community engagement, there is room for improvement in its equity data and policies. Despite this, their perfect ratings in constituent feedback collection and usage highlight an emphasis on understanding and addressing the needs of their community effectively. Overall, the foundation’s strong financial health and commitment to accountability mark it as a reputable nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation For Palm Beach And Martin Counties Inc legitimate?
Community Foundation For Palm Beach And Martin Counties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation For Palm Beach And Martin Counties 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: $511,667
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,446,000
For more financial information, click here
Official website here: www.yourcommunityfoundation.org
What is the mission statement of Community Foundation For Palm Beach And Martin Counties Inc?
The Community Foundation For Palm Beach And Martin Counties Inc is dedicated to improving the quality of life for all residents, both now and for future generations. It strives to build permanent endowments and provide community leadership on relevant issues. The organization's primary method of addressing needs is through grantmaking. In line with its strategic plan, the Community Foundation focuses on discovering collective impact partnerships and carefully listening to the needs of the local community.
Official website here: www.yourcommunityfoundation.org
Who is the CEO of Community Foundation For Palm Beach And Martin Counties Inc?
Stacey Bell is the Former President/Ceo of Community Foundation For Palm Beach And Martin Counties Inc. The CEO's salary of Community Foundation For Palm Beach And Martin Counties Inc is $89,120 and their total compensation is $139,439.
Official website here: www.yourcommunityfoundation.org
What is the revenue of Community Foundation For Palm Beach And Martin Counties Inc?
Community Foundation For Palm Beach And Martin Counties Inc's revenue in 2022 was $29,612,714.
Official website here: www.yourcommunityfoundation.org
Who are the executives of Community Foundation For Palm Beach And Martin Counties Inc and what are their salaries?
The average compensation at Community Foundation For Palm Beach And Martin Counties Inc during 2022 was $67,506. There are 29 employees and 38 volunteers at Community Foundation For Palm Beach And Martin Counties Inc.
Here are 28 key members and their salaries (Community Foundation For Palm Beach And Martin Counties Inc's CEO's salary is $89,120 and their total compensation is $139,439):
- Compensation: $89,120
- Related: $0
- Other: $50,319
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $274,539
- Related: $0
- Other: $8,027
- Compensation: $170,106
- Related: $0
- Other: $22,916
- Compensation: $133,198
- Related: $0
- Other: $18,723
Official website here: www.yourcommunityfoundation.org
Where can I find the form 990 for Community Foundation For Palm Beach And Martin Counties Inc?
Community Foundation For Palm Beach And Martin Counties Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.yourcommunityfoundation.org
Learn more at the official website: www.yourcommunityfoundation.org
Mission Statement of Community Foundation For Palm Beach And Martin Counties Inc
The Community Foundation For Palm Beach And Martin Counties Inc is a nonprofit organization dedicated to improving the lives of all residents, both current and future. With a focus on building permanent endowments, providing community leadership, and addressing needs through grantmaking, the Foundation seeks to make a lasting impact. As part of its strategic plan, the Foundation prioritizes collective impact partnerships and attentively responds to the needs of the local community.
In their mission to enhance the quality of life for all residents, the Community Foundation For Palm Beach And Martin Counties Inc works towards creating lasting change. By building permanent endowments, the organization secures a steady source of funding for community initiatives. In addition, the Foundation provides crucial community leadership on relevant issues, guiding decisions and actions that positively impact the local population. Through its grantmaking efforts, the Foundation addresses various needs within the community, working collaboratively to discover impactful solutions.
In the pursuit of fulfilling its objectives, the Community Foundation For Palm Beach And Martin Counties Inc listens closely to the needs of the community and seeks out collective impact partnerships. These partnerships bring together various stakeholders, including nonprofits, government agencies, and businesses, to tackle pressing issues and create sustainable, long-term solutions. By prioritizing collaboration and responsiveness, the Foundation effectively addresses the evolving needs of the community and strives for a better future for all residents.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Community Foundation For Palm Beach And Martin Counties Inc significantly enhances the quality of life for residents by strategically investing in initiatives that address pressing community needs. Through focused grantmaking, the Foundation targets three primary areas: community revitalization, positive youth development, and post-secondary and career pathways.
In 2022 alone, the Foundation awarded 71 grants totaling over $2.1 million to various organizations, demonstrating its commitment to fostering sustainable community growth. For instance, a $50,000 grant to the Homeless Coalition of Palm Beach County facilitated the transition of individuals and families from temporary supportive housing to permanent housing, ensuring they receive comprehensive services to maintain self-sufficiency.
The Foundation also supports youth engagement and environmental sustainability through partnerships, such as a $50,000 grant to Community Greening, which allowed local teens to gain job skills while learning about environmental stewardship through the Youth Tree Team program. Additionally, the Foundation connects donors with causes they care about through Field of Interest Funds, ensuring that contributions align with their philanthropic interests and contribute to meaningful community changes.
By effectively listening to community needs and fostering partnerships, the Community Foundation drives impactful change, thereby creating a better quality of life for all residents now and for future generations.
This information is meant to be a general summary of Community Foundation For Palm Beach And Martin Counties 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 2022.
- Investment Income: $9,935,985
- Gross Receipts: $110,070,623
Assets and Liabilities:
- Total Assets: $221,759,809
- Total Liabilities: $16,802,497
- Net Assets: $204,957,312
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1972
Phone
(561) 659-6800Principal Officer
Stacey Bell
Main Address
700 SOUTH DIXIE HIGHWAY 200, WEST PALM BEACH, FL, 33401
NTEE Category
Code: T310 - Philanthropy
If you are a representative of Community Foundation For Palm Beach And Martin Counties Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.