Overview
What is Toledo Community Foundation Inc?
The Toledo Community Foundation Inc is a charitable corporation situated in Toledo, Ohio, serving the people of Northwest Ohio and Southeast Michigan. With a mission to enrich the quality of life in the region, they provide financial support to initiate programs addressing its evolving needs. As a flexible and informed means for donors to achieve their charitable goals in perpetuity, the Foundation engages in efficient, prudent, high-impact grantmaking. They serve as a source of information and catalyst, shaping the region's response to emerging needs, and facilitate the work of other grant-making organizations for effective and efficient grantmaking practices. Currently, the organization employs 23 individuals.
Official website here: www.toledocf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star rating
Toledo Community Foundation Inc has earned a Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The foundation scored particularly well on key metrics, including a perfect score for having an independent board and robust financial oversight. With a program expense ratio of 93.88%, the organization effectively allocates funds towards its mission, demonstrating a commitment to transparency and responsible financial management.
User feedback from Great Nonprofits further supports this positive assessment, with one donor praising the foundation as a "great Foundation for the community." The review highlights the foundation's role as a neutral entity that effectively addresses community issues through grants and collaborative efforts with donors, which enhances its reputation as a valuable community resource.
Overall, while the Toledo Community Foundation exhibits exemplary financial practices and strong community engagement, no specific limitations or challenges were noted in the available feedback. The organization appears well-positioned to continue its impactful work in the community.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Toledo Community Foundation Inc legitimate?
Toledo Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Toledo Community Foundation 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: $722,461
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,068,523
For more financial information, click here
Official website here: www.toledocf.org
What is the mission statement of Toledo Community Foundation Inc?
The Toledo Community Foundation, a charitable organization, aims to enhance the quality of life in its region by serving as a flexible and informed platform for donors to accomplish their charitable objectives permanently. The foundation addresses the evolving needs of the community through efficient and prudent grant making. It also functions as a source of information and catalyst, shaping the region's response to these needs. Furthermore, the foundation facilitates the work of other grant-making organizations to ensure effective and efficient grant-making practices.
Official website here: www.toledocf.org
What is the revenue of Toledo Community Foundation Inc?
Toledo Community Foundation Inc's revenue in 2023 was $26,579,507.
Official website here: www.toledocf.org
Who are the executives of Toledo Community Foundation Inc and what are their salaries?
The average compensation at Toledo Community Foundation Inc during 2023 was $66,333. There are 27 employees and 137 volunteers at Toledo Community Foundation Inc.
Here are 21 key members and their salaries:
- Compensation: $283,402
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- Other: $60,259
- Compensation: $181,025
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- Other: $44,053
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- Compensation: $135,376
- Related: $0
- Other: $18,346
- Compensation: $105,779
- Related: $0
- Other: $16,483
Official website here: www.toledocf.org
Where can I find the form 990 for Toledo Community Foundation Inc?
Toledo Community Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.toledocf.org
Learn more at the official website: www.toledocf.org
Mission Statement of Toledo Community Foundation Inc
The Toledo Community Foundation, Inc., a charitable public foundation, is dedicated to enhancing the quality of life in Northwest Ohio and Southeastern Michigan. By providing a flexible and informed platform for donors to achieve their charitable goals in perpetuity, the organization plays a pivotal role in the region.
Through efficient, prudent, and high-impact grant making, the Toledo Community Foundation addresses the evolving needs of the community. Acting as a source of information and a catalyst in shaping the region's response to these needs, the foundation's work goes beyond financial support. It facilitates the efforts of other grant-making organizations, ensuring effective and efficient grant making practices in the community.
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Impact
October, 2024
Toledo Community Foundation Inc significantly enriches the quality of life in Northwest Ohio and Southeast Michigan by addressing evolving community needs through strategic funding. By providing financial support for initiatives that tackle pressing civic, charitable, and benevolent issues, the organization acts as a catalyst for positive change within the region.
The foundation empowers donors by offering a flexible and effective means to fulfill their charitable goals, ensuring that their contributions make a lasting impact. Through high-impact grant-making, Toledo Community Foundation Inc responds to the dynamic challenges faced by the community, facilitating growth and improvement in various sectors.
Moreover, it serves as a crucial source of information, guiding the community’s response to its needs and bolstering collaboration among other grant-making organizations to promote efficient practices. This multi-faceted approach not only enhances the welfare of residents but also fosters a culture of philanthropy, ultimately strengthening the fabric of the region.
This information is meant to be a general summary of Toledo Community Foundation 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 2023.
- Investment Income: $8,571,802
- Gross Receipts: $26,579,507
Assets and Liabilities:
- Total Assets: $231,010,363
- Total Liabilities: $0
- Net Assets: $231,010,363
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Organization Details
Founding Year
1973
Principal Officer
Keith Burwell
Website
www.toledocf.orgNTEE Category
Code: T310 - Philanthropy
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