Overview
What is Coldwater Foundation For Leadership And Community Development?
The Coldwater Foundation for Leadership and Community Development, situated in Grand Marais, Minnesota, is a dedicated nonprofit organization. Its primary objective is to foster leadership development and community transformation. They accomplish this goal through a range of educational, outdoor leadership, and service-learning programs. These programs aim to instill purpose and character in individuals while encouraging community involvement and addressing local needs. Coldwater also maintains partnerships with institutions such as Northwestern College and the Grand Marais Evangelical Free Church, further extending its scope and impact. The foundation employs a team of 28 individuals to carry out its mission.
Official website here: www.coldwaterfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Two-Star out of Four Stars (73%)
The Coldwater Foundation for Leadership and Community Development has received a two-star rating from Charity Navigator, indicating that while it has some strong attributes, there are significant areas that require improvement. The foundation has a high program expense ratio at 97.92%, demonstrating a strong commitment to using its funds effectively towards its mission. Additionally, the organization benefits from a fully independent board, which is a positive indicator of governance.
Despite these strengths, several critical weaknesses have been identified. Notably, the foundation has not provided financial statements, which is essential for transparency and accountability. Furthermore, it lacks policies for whistleblower protections and document retention, which are crucial for organizational integrity. The absence of these elements raises concerns about governance practices and financial oversight.
Overall, while the Coldwater Foundation shows a commendable commitment to its programming and maintains a wholly independent board, the lack of necessary financial documentation and governance policies suggests that there is room for improvement in ensuring accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Coldwater Foundation For Leadership And Community Development?
Two reviews on Facebook highlight the positive experiences individuals have had with the Coldwater Foundation for Leadership and Community Development. One user expressed great admiration for the staff, describing them as a perfect blend of accommodating and challenging, which reflects a well-rounded approach to leadership and community support.
The user emphasized the ministry's impact, indicating a strong sense of guidance and purpose behind it. This suggests that the organization effectively engages with the community and fulfills its mission, earning the recommendation of those familiar with its work.
Overall, the sentiments conveyed are favorable, with strong support for the staff and the foundation's direction, signaling a positive impression among those who have interacted with the organization.
This AI summary has been generated from reviews found on Facebook.
Is Coldwater Foundation For Leadership And Community Development legitimate?
Coldwater Foundation For Leadership And Community Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coldwater Foundation For Leadership And Community Development 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: $60,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $266,500
For more financial information, click here
Official website here: www.coldwaterfoundation.org
What is the mission statement of Coldwater Foundation For Leadership And Community Development?
The Coldwater Foundation for Leadership and Community Development's mission is centered around developing leaders and fostering community transformation. They achieve this objective by offering a range of educational, outdoor leadership, and service-learning programs. These programs are designed to instill purpose and character in individuals while encouraging their engagement in community needs. The foundation further strengthens its mission by partnering with Northwestern College and the Grand Marais Evangelical Free Church, expanding its reach and impact.
Official website here: www.coldwaterfoundation.org
Who is the CEO of Coldwater Foundation For Leadership And Community Development?
Kevin Sutton is the Executive Di of Coldwater Foundation For Leadership And Community Development.
Official website here: www.coldwaterfoundation.org
What is the revenue of Coldwater Foundation For Leadership And Community Development?
Coldwater Foundation For Leadership And Community Development's revenue in 2022 was $588,240.
Official website here: www.coldwaterfoundation.org
Who are the executives of Coldwater Foundation For Leadership And Community Development and what are their salaries?
The average compensation at Coldwater Foundation For Leadership And Community Development during 2022 was $11,661. There are 28 employees at Coldwater Foundation For Leadership And Community Development.
Here are 8 key members and their salaries:
- Compensation: $60,000
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Official website here: www.coldwaterfoundation.org
Where can I find the form 990 for Coldwater Foundation For Leadership And Community Development?
Coldwater Foundation For Leadership And Community Development's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.coldwaterfoundation.org
Learn more at the official website: www.coldwaterfoundation.org
Mission Statement of Coldwater Foundation For Leadership And Community Development
The Coldwater Foundation for Leadership and Community Development is committed to fostering leaders and promoting transformation within communities. They achieve this goal by offering a range of educational, outdoor leadership, and service-learning programs. These programs are designed to instill purpose and character in individuals while encouraging engagement in the community's needs. Coldwater's initiatives are not limited to one area but form a continuum, ensuring comprehensive development.
In collaboration with Northwestern College and Grand Marais Evangelical Free Church, Coldwater Foundation provides a holistic approach to leadership development. Their programs aim to shape individuals into responsible leaders who can contribute positively to their communities. By engaging in service-learning and outdoor leadership activities, individuals can develop a sense of purpose, character, and a deep-seated commitment to addressing community needs. Coldwater Foundation's mission is an essential catalyst for community transformation, as it equips future leaders with the necessary skills and values to bring about lasting change.
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Impact
July, 2024
The Coldwater Foundation for Leadership and Community Development has a profound impact on the community by developing leaders and promoting transformation. Through a range of educational, outdoor leadership, and service-learning programs, Coldwater fosters purpose and character in individuals while engaging them in the needs of the community. This organization's work has a direct impact on shaping future leaders and empowering individuals to make a positive difference in their communities.
This information is meant to be a general summary of Coldwater Foundation For Leadership And Community Development. 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: $22
- Program Service Revenue: $124,800
- Gross Receipts: $611,584
Assets and Liabilities:
- Total Assets: $303,946
- Total Liabilities: $12,856
- Net Assets: $291,090
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$124,800
Organization Details
Founding Year
2009
Phone
(218) 370-9896Principal Officer
Kevin Sutton
Main Address
1 WEST 3RD STREET, GRAND MARAIS, MN, 55604
Website
www.coldwaterfoundation.orgNTEE Category
Code: O50 - Youth development
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