Overview
What is Community Foundation Of Greater Johnstown?
The Community Foundation of Greater Johnstown, located at 216 Franklin Street in Johnstown, Pennsylvania (ZIP code 15901), is a nonprofit organization established to improve the welfare of Western Pennsylvania. It primarily attracts charitable funds, primarily in the form of endowments, and distributes the generated income for the benefit of various local organizations and individuals. The foundation serves the interests of its donors by perpetuating their philanthropic endeavors in financially supporting their community. With a team of 38 employees, the foundation is dedicated to making a lasting impact on the region.
Official website here: www.cfalleghenies.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Community Foundation Of Greater Johnstown has achieved a perfect score of 100%, reflecting its strong performance in accountability and finance. This high rating is significant as it indicates a commitment to transparency and effective governance, crucial for fostering trust among donors and stakeholders.
Strengths of the organization include a fully independent board comprised of 21 members, a strong financial oversight mechanism, and robust policies around conflict of interest and whistleblowing. The foundation also excels in its financial metrics, boasting a program expense ratio of 90.01%, which suggests that the majority of its funds are directed towards its mission-driven programs rather than administrative costs.
Despite its impressive ratings, there are no noted limitations or concerns from the feedback. The organization’s consistent oversight and adherence to best practices in nonprofit management position it as a highly effective charity within its community.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of Greater Johnstown legitimate?
Community Foundation Of Greater Johnstown is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of Greater Johnstown 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: $242,461
Professional Fundraising Fees: $0
Other Salaries and Wages: $432,827
For more financial information, click here
Official website here: www.cfalleghenies.org
What is the mission statement of Community Foundation Of Greater Johnstown?
The Community Foundation of Greater Johnstown exists to serve the philanthropic interests of donors by financially supporting their community in perpetuity. Established to improve the betterment of Western Pennsylvania, the foundation attracts charitable funds, primarily in the form of endowments, and distributes the income generated to benefit various organizations and individuals in the area. Its mission is to act in the best interest of donors and facilitate sustainable giving to make a positive difference within the community. Through its charitable initiatives, the foundation aims to create a lasting impact and enhance the quality of life for those it serves.
Official website here: www.cfalleghenies.org
Who is the CEO of Community Foundation Of Greater Johnstown?
Michael Kane is the Chairman of Community Foundation Of Greater Johnstown.
Official website here: www.cfalleghenies.org
What is the revenue of Community Foundation Of Greater Johnstown?
Community Foundation Of Greater Johnstown's revenue in 2023 was $34,691,533.
Official website here: www.cfalleghenies.org
Who are the executives of Community Foundation Of Greater Johnstown and what are their salaries?
The average compensation at Community Foundation Of Greater Johnstown during 2023 was $17,771. There are 38 employees and 125 volunteers at Community Foundation Of Greater Johnstown.
Here are 23 key members and their salaries:
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- Other: $6,242
Official website here: www.cfalleghenies.org
Where can I find the form 990 for Community Foundation Of Greater Johnstown?
Community Foundation Of Greater Johnstown's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cfalleghenies.org
Learn more at the official website: www.cfalleghenies.org
Mission Statement of Community Foundation Of Greater Johnstown
The Community Foundation of Greater Johnstown is a philanthropic organization with a mission to serve the best interests of its donors by perpetuating their charitable intentions. In simpler terms, the foundation exists to financially support the community as directed by its benefactors. Established to promote the betterment of Western Pennsylvania, the organization primarily attracts charitable funds, predominantly in the form of endowments. These endowments generate income that is subsequently distributed to benefit various organizations and individuals in the region. The Community Foundation of Greater Johnstown plays a vital role in strengthening its community by facilitating charitable giving and fostering long-term financial sustainability. Through its philanthropic endeavors, it addresses the diverse needs and fosters growth within the community.
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Impact
October, 2024
The Community Foundation of Greater Johnstown plays a vital role in enhancing the quality of life in Western Pennsylvania by attracting and managing charitable funds. Through the establishment of endowments, the foundation ensures a sustainable flow of financial support to various individuals and organizations within the community. By aligning the philanthropic interests of donors with the pressing needs of the area, it facilitates impactful investments that foster community betterment.
With a clear commitment to serving the best interests of its donors, the foundation strategically distributes income generated from its endowments, directing resources to initiatives that address local challenges and promote positive change. Its efforts contribute to a resilient and thriving community, making it a cornerstone in the landscape of local philanthropy. As a result, the foundation not only supports immediate needs but also creates long-term benefits, ensuring that the philanthropic aspirations of its donors resonate throughout the community for generations to come.
This information is meant to be a general summary of Community Foundation Of Greater Johnstown. 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: $2,399,059
- Program Service Revenue: $243,551
- Gross Receipts: $34,691,533
Assets and Liabilities:
- Total Assets: $118,054,779
- Total Liabilities: $12,504,934
- Net Assets: $105,549,845
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AGENCY FUND ADMIN/MGMT FEE
Revenue
$243,551
Organization Details
Founding Year
1990
Phone
(814) 536-7741Principal Officer
Michael Kane
Main Address
216 FRANKLIN ST, JOHNSTOWN, PA, 15901
Website
www.cfalleghenies.orgNTEE Category
Code: T31Z - Philanthropy
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