Overview
What is North East Community Foundation?
North East Community Foundation is a public charitable organization, based in Erie, Pennsylvania, with an address at 459 West 6th Street, 16507. Their primary mission is to enhance the quality of life in the North East community by distributing grants to various educational, cultural, and recreational organizations. They accomplish this through a competitive application process, utilizing funds from unrestricted endowments. Additionally, grants from donor-advised, scholarship, and designated funds are disbursed following donor recommendations and gift instruments, after proper due diligence. The foundation aims to assist a diverse group of donors in improving their community by creating endowments and facilitating philanthropic interests in a professional and timely manner.
Official website here: www.necommunityfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 97%, Four-Star out of Four Star rating.
The North East Community Foundation has achieved an impressive 97% score, earning a Four-Star rating, which reflects its strong commitment to accountability and financial management. The organization's accountability and finance score is particularly noteworthy as it is calculated based solely on this single beacon score, indicating a robust focus on transparency and ethical governance.
Strengths of the foundation include a majority independent board, with 91% of its members being independent, and a well-structured board size that enhances oversight. The foundation has also received top scores in various categories, including financial statements audit and oversight, material diversion of assets, and fundraising efficiency, demonstrating its effective use of resources and commitment to fiduciary responsibility.
While the data does not indicate any significant limitations, the emphasis on accountability highlights the organization's proactive measures to maintain operational integrity. Overall, the North East Community Foundation stands out as a financially responsible and well-governed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is North East Community Foundation legitimate?
North East Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. North East Community Foundation 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: $0
For more financial information, click here
Official website here: www.necommunityfoundation.org
What is the mission statement of North East Community Foundation?
The North East Community Foundation's mission is geared towards assisting a diverse group of donors in enhancing the quality of life in their community. By establishing endowments, the foundation facilitates the execution of donors' philanthropic interests in a professional and timely manner. The primary objective of the foundation is to improve the community's lifestyle by granting funds to educational, cultural, and recreational organizations. Grants from unrestricted endowments are distributed to charities and programs in North East, Pennsylvania, following a competitive application process. Additionally, grants from donor-advised, scholarship, and designated funds are disbursed in accordance with the donor's recommendations and gift instruments, following thorough due diligence.
Official website here: www.necommunityfoundation.org
Who is the CEO of North East Community Foundation?
Karen Bilowith is the President of North East Community Foundation.
Official website here: www.necommunityfoundation.org
What is the revenue of North East Community Foundation?
North East Community Foundation's revenue in 2022 was $5,655,422.
Official website here: www.necommunityfoundation.org
Who are the executives of North East Community Foundation and what are their salaries?
There 12 volunteers at North East Community Foundation.
Here are 13 key members and their salaries:
- 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: $277,000
- Other: $26,124
- Compensation: $0
- Related: $613,260
- Other: $21,871
Official website here: www.necommunityfoundation.org
Where can I find the form 990 for North East Community Foundation?
North East Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.necommunityfoundation.org
Learn more at the official website: www.necommunityfoundation.org
Mission Statement of North East Community Foundation
The North East Community Foundation is a public charitable community foundation committed to improving the quality of life in various communities. Its mission is to aid a diverse group of donors in achieving this goal by establishing endowments and facilitating the execution of their philanthropic interests in a professional and timely manner. The foundation achieves this by providing grants to educational, cultural, and recreational organizations in the community. Grants from unrestricted endowments are distributed to charities and programs in North East, Pennsylvania, following a competitive application process. Moreover, grants from donor-advised, scholarship, and designated funds are granted in accordance with the donor's recommendations and gift instruments after thorough due diligence. In this manner, the North East Community Foundation plays an essential role in enhancing the quality of life in the community by supporting various charitable initiatives.
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 North East Community Foundation significantly enhances the quality of life in the North East community by providing vital grants to educational, cultural, and recreational organizations. Through a competitive application process, the foundation distributes funds from unrestricted endowments to support local charities and programs. Additionally, it administers donor advised, scholarship, and designated funds, ensuring that grants align with the specific philanthropic interests of individual donors.
This impactful approach fosters community development and engagement, empowering various organizations to thrive and serve local needs. By facilitating the flow of resources to essential services and initiatives, the foundation plays a crucial role in nurturing a vibrant and cohesive community in and around North East, PA.
This information is meant to be a general summary of North East Community Foundation. 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: $384,827
- Gross Receipts: $7,001,475
Assets and Liabilities:
- Total Assets: $15,058,811
- Total Liabilities: $97,012
- Net Assets: $14,961,799
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1991
Phone
(814) 725-7107Principal Officer
Karen Bilowith
Main Address
459 WEST 6TH ST, ERIE, PA, 16507
NTEE Category
Code: T31Z - Philanthropy
If you are a representative of North East Community Foundation 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.