Overview
What is Mount Dora Community Trust?
Mount Dora Community Trust, established in 1972, is a nonprofit organization situated in Mount Dora, Florida. Its primary mission is to enhance the quality of life in Mount Dora and Northeast Lake County. The trust achieves this by promoting perpetual giving, fostering community leadership, and connecting donors with causes they are passionate about. It provides grants, allocations, and funding to various organizations, governmental entities, and individuals, serving both public and benevolent needs in the area. The trust directly incurs expenses for these purposes, ensuring the continued support and betterment of the Mount Dora community. With a team of four dedicated individuals, Mount Dora Community Trust plays a significant role in the community's welfare.
Official website here: www.mountdoracommunitytrust.com/
What are the reviews and ratings of this charity?
Charity Navigator rating: 87%, Three-Star out of Four Star rating.
The Mount Dora Community Trust has achieved an 87% score, indicating strong performance in accountability and finance. This rating reflects a solid commitment to transparency and responsible financial management, crucial factors for donor trust and engagement. The charity benefits from a fully independent board, with all members meeting best practices for governance, and has shown no material diversion of assets.
Strengths of the organization include a high program expense ratio of 90.81%, which demonstrates that a significant majority of funds are directed towards its programs. Additionally, the fundraising efficiency ratio indicates minimal costs associated with fundraising efforts, allowing more resources to be allocated to community initiatives. The absence of liabilities further enhances its financial health, showcasing a robust working capital ratio of over 12 years.
While the overall rating is commendable, potential donors should consider the limited star rating as an indicator of areas where the organization could improve or expand its programmatic impact. However, the solid financial practices and governance structure provide a strong foundation for the trust's ongoing community contributions.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Mount Dora Community Trust?
While the Mount Dora Community Trust currently has only a handful of reviews, the available experiences highlight positive engagement with the nonprofit. One review specifically praises their contribution to the First Presbyterian Preschool, noting the delight of the children with a new playground structure facilitated by the trust.
This endorsement reflects a strong appreciation for the support provided to local initiatives, demonstrating that the nonprofit effectively fulfills its mission to enhance community resources. The gratitude expressed signifies that beneficiaries feel valued and positively impacted by the trust's efforts.
Overall, there is an emerging sense of satisfaction regarding the contributions of Mount Dora Community Trust, with positive implications for its ongoing role in the community. As more reviews accumulate, it's likely that this positive sentiment will continue to develop.
This AI summary has been generated from reviews found on Facebook.
Is Mount Dora Community Trust legitimate?
Mount Dora Community Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mount Dora Community Trust 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: $429,323
Professional Fundraising Fees: $0
Other Salaries and Wages: $132,339
For more financial information, click here
Official website here: www.mountdoracommunitytrust.com/
What is the mission statement of Mount Dora Community Trust?
The Mount Dora Community Trust, established in 1972, aims to enhance the quality of life in its community by maximizing perpetual giving. The organization promotes leadership within the community and matches donors with causes they are passionate about. Its mission is to enrich the community by fostering philanthropy and connecting donors with worthy causes. The trust also provides grants and allocations to selected organizations, governmental entities, and individuals, as well as covering expenses for public, educational, charitable, or benevolent needs in the community.
Official website here: www.mountdoracommunitytrust.com/
Who is the CEO of Mount Dora Community Trust?
Rob English is the Executive Director of Mount Dora Community Trust.
Official website here: www.mountdoracommunitytrust.com/
What is the revenue of Mount Dora Community Trust?
Mount Dora Community Trust's revenue in 2023 was $3,882,915.
Official website here: www.mountdoracommunitytrust.com/
Who are the executives of Mount Dora Community Trust and what are their salaries?
The average compensation at Mount Dora Community Trust during 2023 was $140,416. There are 4 employees and 1 volunteer at Mount Dora Community Trust.
Here are 10 key members and their salaries:
- Compensation: $332,976
- Related: $0
- Other: $0
- Compensation: $89,904
- Related: $0
- Other: $0
- Compensation: $64,808
- Related: $0
- Other: $0
- Compensation: $35,423
- Related: $0
- Other: $0
- Compensation: $17,909
- 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
Official website here: www.mountdoracommunitytrust.com/
Where can I find the form 990 for Mount Dora Community Trust?
Mount Dora Community Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mountdoracommunitytrust.com/
Learn more at the official website: www.mountdoracommunitytrust.com/
Mission Statement of Mount Dora Community Trust
Mount Dora Community Trust, established in 1972, is committed to enhancing the quality of life in its community and Northeast Lake County. The organization achieves this by maximizing perpetual giving, promoting leadership within the community, and connecting donors with causes they are passionate about. By doing so, Mount Dora Community Trust aims to enrich the community and make a lasting impact.
The trust's mission is carried out through community grants and allocations. These funds are allocated to organizations, governmental entities, and individuals selected by the Distribution Committee. The Mount Dora Community Trust also covers expenses directly incurred for public, educational, charitable, or benevolent needs within the Mount Dora area community. Through these initiatives, Mount Dora Community Trust strives to support the community's growth and well-being.
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Impact
October, 2024
The Mount Dora Community Trust significantly enriches the quality of life in Mount Dora and Northeast Lake County through its commitment to maximizing perpetual giving and fostering leadership within the community. Established in 1972, it effectively connects donors with causes they are passionate about, thereby creating a culture of philanthropy that benefits various local organizations, governmental entities, and individuals.
Through its grant-making activities, the Trust addresses diverse public, educational, charitable, and benevolent needs in the community. The distribution committee carefully selects beneficiaries, ensuring that funds are allocated where they can make the most impact. This strategic approach not only meets immediate needs but also supports sustainable growth and development across the region, ultimately enhancing the overall well-being and vibrancy of the Mount Dora area.
This information is meant to be a general summary of Mount Dora Community Trust. 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: $1,247,008
- Gross Receipts: $16,904,438
Assets and Liabilities:
- Total Assets: $23,093,907
- Total Liabilities: $0
- Net Assets: $23,093,907
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Organization Details
Founding Year
1972
Principal Officer
Rob English
Main Address
PO BOX 1406, MOUNT DORA, FL, 327561406
NTEE Category
Code: T310 - Philanthropy
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