Overview
What is Community Foundation For Northeast Michigan?
The Community Foundation for Northeast Michigan, headquartered in Alpena, Michigan, serves as a vital philanthropic organization. Its primary mission is to align with the charitable objectives of its donors while addressing the present and future needs of their local communities. Throughout the fiscal year, they issue approximately 900 grants to eligible recipients. As a testament to their commitment, they employ a team of seven individuals. The foundation's activities focus on grant provision, empowering their communities to thrive and grow.
Official website here: www.cfnem.org
What are the reviews and ratings of this charity?
**Community Foundation For Northeast Michigan**
**Charity Navigator Rating: 100% (Four-Star out of Four Star Rating)**
The Community Foundation For Northeast Michigan has achieved a perfect 100% rating on Charity Navigator, which indicates exceptional performance in accountability and finance. This high score reflects the organization's commitment to transparency and responsible financial management, with full marks in various metrics such as board independence, audit oversight, and adherence to conflict of interest policies.
Strengths of the organization include an entirely independent board, strong fiscal ratios, and high program expense ratios, which suggest that a significant portion of their funds is directed toward their mission-focused activities. The emphasis on transparency is evident as they comply with requirements for documentation and maintain excellent financial health, with a long working capital ratio, reducing potential risks.
However, it is worth noting that metrics related to impact and measurement, culture and community, and leadership adaptability have not been scored, which may limit insights into their effectiveness and responsiveness in addressing community needs. Unfortunately, user reviews from GreatNonprofits are not available.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation For Northeast Michigan legitimate?
Community Foundation For Northeast Michigan is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation For Northeast Michigan 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: $394,387
For more financial information, click here
Official website here: www.cfnem.org
What is the mission statement of Community Foundation For Northeast Michigan?
The Community Foundation For Northeast Michigan's mission is centered around fulfilling the charitable goals of its donors and addressing the current and future needs of its communities. This is achieved through the distribution of grants to eligible recipients, with approximately 900 grants issued during a fiscal year. The foundation's activities aim to make a positive impact on the communities it serves, demonstrating a commitment to its donors' philanthropic objectives and the betterment of its local areas.
Official website here: www.cfnem.org
What is the revenue of Community Foundation For Northeast Michigan?
Community Foundation For Northeast Michigan's revenue in 2023 was $6,092,215.
Official website here: www.cfnem.org
Who are the executives of Community Foundation For Northeast Michigan and what are their salaries?
The average compensation at Community Foundation For Northeast Michigan during 2023 was $65,731. There are 6 employees at Community Foundation For Northeast Michigan.
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Official website here: www.cfnem.org
Where can I find the form 990 for Community Foundation For Northeast Michigan?
Community Foundation For Northeast Michigan's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cfnem.org
Learn more at the official website: www.cfnem.org
Mission Statement of Community Foundation For Northeast Michigan
The Community Foundation For Northeast Michigan is committed to fulfilling the charitable goals of its donors and addressing the current and future needs of its communities. This organization serves as a platform, channeling resources towards qualifying recipients, issuing approximately 900 grants during a fiscal year. By doing so, it strives to make a significant impact on the region, ensuring that the needs of its communities are met and that the charitable intentions of its donors are upheld.
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Impact
October, 2024
The Community Foundation for Northeast Michigan has made a significant impact by providing approximately 900 grants during the fiscal year, addressing the diverse needs of communities across the region. By fulfilling the charitable goals of its donors, the foundation supports a wide range of initiatives aimed at enhancing the quality of life in Northeast Michigan. This commitment not only meets immediate community needs but also lays the groundwork for sustainable future development. Their efforts in philanthropy contribute to strengthening local organizations and projects that promote growth and well-being in the area.
This information is meant to be a general summary of Community Foundation For Northeast Michigan. 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: $397,982
- Gross Receipts: $6,092,215
Assets and Liabilities:
- Total Assets: $57,315,462
- Total Liabilities: $11,135,264
- Net Assets: $46,180,198
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Organization Details
Founding Year
1974
Principal Officer
Katie Young-Engstrom
Website
www.cfnem.orgNTEE Category
Code: T310 - Philanthropy
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