Overview
What is Community Foundation Of Central Mo?
Community Foundation of Central Mo is a nonprofit organization situated in Columbia, Missouri. Their primary role is to manage various funds established by families, individuals, non-profits, and corporations. These funds enable donors to contribute to causes they are passionate about within the Central Missouri region. One of their significant initiatives is an annual end-of-year giving campaign called COMOGIVES. In December 2022, this campaign raised an impressive $1,884,987. Over ten years, the campaign has amassed a total of $8,992,100 for local non-profits. The organization facilitates this campaign, aiming to make a positive impact on the Central Missouri community.
Official website here: www.cfcmfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 88%, Three-Star out of Four Star rating.
The Community Foundation of Central Missouri has received a solid three-star rating from Charity Navigator, indicating a strong performance in accountability and finance. With a score of 90% in this area, the foundation demonstrates excellent management practices, including a 100% independent board and robust policies to prevent conflicts of interest and ensure transparency. Their effective use of funds is highlighted by a program expense ratio of 97.22%, signifying that the majority of their resources are directed towards their charitable programs.
In terms of leadership and adaptability, the foundation excels with a perfect score of 100%. This reflects their strategic planning, effective leadership, and ability to adapt to changing circumstances, ensuring they remain responsive to community needs. The foundation’s approach to governance and management can instill confidence among donors and stakeholders regarding their mission’s sustainability and impact.
However, while the foundation shows strengths in critical areas, the rating system reveals a potential area for improvement in its overall visibility and outreach. With a focus on maintaining their high standards of accountability and finance, they may also benefit from strategies that enhance community engagement and awareness of their initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of Central Mo legitimate?
Community Foundation Of Central Mo is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of Central Mo 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: $18,125
For more financial information, click here
Official website here: www.cfcmfoundation.org
What is the mission statement of Community Foundation Of Central Mo?
The Community Foundation of Central Mo is an organization that manages various funds established by families, individuals, non-profits, and corporations. Its primary role is to assist donors in making a significant impact on the causes they are most passionate about within the Central Missouri region. The foundation facilitates an end-of-year giving campaign, raising substantial funds annually. In December 2022, the annual end-of-year local campaign named COMOGives raised $1,884,987. Over its ten-year history, the total amount raised through this campaign has reached $8,992,100.
Official website here: www.cfcmfoundation.org
What is the revenue of Community Foundation Of Central Mo?
Community Foundation Of Central Mo's revenue in 2023 was $6,042,356.
Official website here: www.cfcmfoundation.org
Who are the executives of Community Foundation Of Central Mo and what are their salaries?
The average compensation at Community Foundation Of Central Mo during 2023 was $18,125. There is 1 employee and 20 volunteers at Community Foundation Of Central Mo.
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Official website here: www.cfcmfoundation.org
Where can I find the form 990 for Community Foundation Of Central Mo?
Community Foundation Of Central Mo's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cfcmfoundation.org
Learn more at the official website: www.cfcmfoundation.org
Mission Statement of Community Foundation Of Central Mo
The Community Foundation of Central Mo, as a philanthropic organization, manages a diverse array of funds established by families, individuals, non-profits, and corporations. Its primary role is to aid donors in making significant contributions to the causes they are most passionate about within the Central Missouri region. By serving as a bridge between donors and recipient organizations, the Community Foundation of Central Mo facilitates impactful change in the community. Additionally, the foundation spearheads an end-of-year giving campaign, named COMOGIVES, which brings together 153 local non-profit agencies for fundraising efforts. In December 2022, the campaign raised an impressive $1,884,987, contributing to a total of $8,992,100 raised throughout its ten-year tenure.
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Impact
October, 2024
Community Foundation of Central Missouri significantly impacts the region by managing a diverse range of funds created by families, individuals, nonprofits, and corporations. This foundation empowers donors to contribute to causes they are passionate about, driving positive change throughout central Missouri.
A notable initiative is the annual end-of-year giving campaign, CoMoGives, which connects local donors with 153 mid-Missouri agencies. In December 2022 alone, this campaign raised nearly $1.9 million, contributing to a total of over $8.9 million raised since the campaign's inception ten years ago. This financial support fosters growth and sustainability in local organizations, enhancing the quality of life in the community.
Through strategic philanthropy, the foundation not only meets immediate needs but also encourages long-term investments in the region, reaffirming its commitment to improving the social and economic landscape of central Missouri.
This information is meant to be a general summary of Community Foundation Of Central Mo. 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: $329,412
- Program Service Revenue: $246,527
- Gross Receipts: $6,042,356
Assets and Liabilities:
- Total Assets: $14,707,543
- Total Liabilities: $4,332,145
- Net Assets: $10,375,398
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$173,567
COMO GIVES PARTICIPANT FUNDS
Revenue
$57,960
COMO GIVES SPONSORSHIP
Revenue
$15,000
Organization Details
Founding Year
2010
Principal Officer
Eric Sappington
Website
www.cfcmfoundation.orgNTEE Category
Code: T12 - Philanthropy
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