Overview
What is Centre Foundation Inc?
Centre Foundation Inc is a nonprofit organization situated in State College, Pennsylvania. Their mission is to foster a culture of giving, engaging, and supporting the community. They believe in the organizations that work towards improving Centre County and the donors who contribute to their cause. Centre Foundation distributes grants annually to over 200 organizations, supporting various sectors such as arts, education, social services, and conservation. Their innovative giving and granting programs, including Centre Gives and Centre Inspires, provide community support. The organization is committed to strengthening nonprofits through training and research, ensuring their endowment funds generate earnings for local grants. With a team of eight employees, Centre Foundation aims to create a vibrant, equitable, and inclusive community in Pennsylvania.
Official website here: www.centre-foundation.org
What are the reviews and ratings of this charity?
100% - Four-Star out of Four Star rating
Centre Foundation Inc has achieved a perfect score of 100%, indicating exceptional performance in accountability and finance as assessed by Charity Navigator. This rating reflects the organization's commitment to transparency and sound financial management practices, which are crucial for fostering trust and credibility among donors and stakeholders.
The foundation boasts a fully independent board with 16 members, ensuring unbiased governance. It has implemented comprehensive policies, including conflict of interest and whistleblower policies, which further strengthen its accountability. Financially, the organization demonstrates impressive metrics, with a program expense ratio of nearly 89%, signifying that the majority of its funds are directed toward its programs rather than administrative costs.
While Centre Foundation Inc showcases strong financial health with a low liabilities to assets ratio and efficient fundraising practices, maintaining this level of performance will be essential for continued success. The foundation's transparency and robust policies position it as a responsible steward of donor funds, but ongoing evaluation will be key to ensuring its effectiveness and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Centre Foundation Inc?
100% of 14 reviewers on Facebook recommend Centre Foundation Inc. Here is a summary of their reviews:
The organization is well-regarded for its efforts in supporting community initiatives, which resonates positively with participants and advocates alike. Many comments reflect a strong sense of community engagement, highlighting the foundation's impact and the various programs running under its purview.
Reviewers are enthusiastic about the Centre Foundation's approach, often expressing excitement for events like #CentreGives that encourage local engagement and support for initiatives such as The Tides Program. Overall, the feedback emphasizes a solid commitment to fostering community spirit and aiding local causes effectively.
This AI summary has been generated from reviews found on Facebook.
Is Centre Foundation Inc legitimate?
Centre Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Centre 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: $175,514
Professional Fundraising Fees: $0
Other Salaries and Wages: $405,043
For more financial information, click here
Official website here: www.centre-foundation.org
What is the mission statement of Centre Foundation Inc?
Centre Foundation Inc's mission is centered around fostering a culture of philanthropy and community engagement. The organization aims to cultivate a vibrant, equitable, and inclusive community by administering funds for the benefit of various local non-profit organizations. These organizations, primarily focusing on arts, humanities, culture, education, recreation, and social services, are working towards a better future. Centre Foundation inspires philanthropy, builds endowments, and strengthens organizations through training and research. They fund transformative projects and facilitate effective partnerships around community issues. Each year, they distribute grants to over 200 organizations, supporting a wide range of work across different non-profit sectors. Their innovative giving and granting programs, such as Centre Gives, Centre Inspires, Centre Pact, and scholarships, provide annual community support.
Official website here: www.centre-foundation.org
Who is the CEO of Centre Foundation Inc?
Molly Kunkel is the Director of Centre Foundation Inc. The CEO's salary of Centre Foundation Inc is $143,801 and their total compensation is $175,514.
Official website here: www.centre-foundation.org
What is the revenue of Centre Foundation Inc?
Centre Foundation Inc's revenue in 2022 was $5,437,523.
Official website here: www.centre-foundation.org
Who are the executives of Centre Foundation Inc and what are their salaries?
The average compensation at Centre Foundation Inc during 2022 was $72,570. There are 8 employees and 30 volunteers at Centre Foundation Inc.
Here are 16 key members and their salaries (Centre Foundation Inc's CEO's salary is $143,801 and their total compensation is $175,514):
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- Compensation: $143,801
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- Other: $31,713
- Compensation: $120,262
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- Other: $29,901
Official website here: www.centre-foundation.org
Where can I find the form 990 for Centre Foundation Inc?
Centre Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.centre-foundation.org
Learn more at the official website: www.centre-foundation.org
Mission Statement of Centre Foundation Inc
Centre Foundation Inc, established with the purpose of receiving, holding, and administering funds for the benefit of the community, has a mission to inspire and facilitate a culture of giving and engagement that cultivates a vibrant, equitable, and inclusive community. The organization believes in the significance of local 501(C)(3) organizations working towards the betterment of arts, humanities, culture, education, recreation, and social service agencies. Centre Foundation aims to inspire philanthropy, build endowments, create community engagement, strengthen organizations through training and research, fund transformative projects, and convene effective partnerships around community issues.
Through their various innovative giving and granting programs such as Centre Gives, Centre Inspires, Centre PACT, Giving Circle, Field of Interest Grants, and scholarships to universities and trade schools, Centre Foundation distributes grants to over 200 organizations annually. Their programs support a wide range of work across all nonprofit sectors and focuses, including arts, humanities, culture, education, social services, and conservation. By providing annual community support, Centre Foundation is dedicated to enhancing the well-being of their community by investing in the organizations that are committed to creating a better future.
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Impact
October, 2024
Centre Foundation Inc significantly impacts Centre County and its surrounding areas by fostering a culture of giving and community engagement. It inspires philanthropy and facilitates partnerships that support over 200 local organizations each year. By providing grants and innovative giving programs, it funds transformative projects across diverse sectors including arts, education, social services, and conservation.
The foundation builds endowments that generate ongoing support for various initiatives, enhancing community vitality. Through programs like Centre Gives and the Giving Circle, it not only strengthens local nonprofits but also encourages collective action and investment in the community's future. The foundation’s commitment to training and research further ensures that organizations are equipped to address community issues effectively, promoting an equitable and inclusive environment for all residents.
Accredited through the National Standards for U.S. Community Foundations, Centre Foundation Inc plays a crucial role in creating a vibrant, engaged community, making a lasting difference in the lives of individuals and organizations alike.
This information is meant to be a general summary of Centre 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 2022.
- Investment Income: $1,379,530
- Gross Receipts: $11,921,485
Assets and Liabilities:
- Total Assets: $70,860,925
- Total Liabilities: $28,863
- Net Assets: $70,832,062
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Organization Details
Founding Year
1995
Phone
(814) 237-6229Principal Officer
Molly Kunkel
Main Address
1377 RIDGE MASTER DRIVE, STATE COLLEGE, PA, 16803
Website
www.centre-foundation.orgNTEE Category
Code: T31 - Philanthropy
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