Overview
What is Our Fund Foundation Inc?
Our Fund Foundation Inc, based in Wilton Manors, Florida, is a community foundation dedicated to fostering philanthropy in a diverse society. Established with the goal of uniting donors with organizations that positively impact the LGBTQ community, the foundation serves as a bridge between philanthropists and non-profit organizations offering services in South Florida. During the fiscal year, the foundation educates donors about these organizations and distributes grants to qualified entities, as recommended by their donor-advised funds. The foundation's mission is to promote a culture of philanthropy, aiming to create a sustainably livable community by collaborating with individuals, families, estate attorneys, and financial planners to design customized charitable gifts.
Official website here: www.theourfund.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100%, Four-Star out of Four Star rating.
Our Fund Foundation Inc has achieved an exceptional score of 100%, reflecting its strong commitment to accountability and financial transparency. The charity earned perfect scores across multiple categories, including an independent board composed entirely of 19 members, which underscores its governance strength. Its financial practices are solid, with a program expense ratio of 93.03%, indicating that a substantial portion of its income is directed towards its mission.
The organization demonstrates excellent fundraising efficiency, with a minimal cost of just $0.03 to raise each dollar, which highlights its effective management of resources. Additionally, the foundation has implemented robust policies, including conflict of interest and whistleblower protections, ensuring ethical operations. It also maintains transparency by providing access to its financial documents on its website.
Despite the positive ratings and feedback, it is essential for potential donors to consider the overall impact of the charity's programs in relation to its financial metrics. While the financials are strong, ongoing evaluations of the outcomes and effectiveness of the funded programs will be important for a comprehensive understanding of the organization's influence and reach in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Our Fund Foundation Inc legitimate?
Our Fund Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Our Fund 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: $325,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $153,010
For more financial information, click here
Official website here: www.theourfund.org
What is the mission statement of Our Fund Foundation Inc?
Our Fund Foundation Inc's mission is geared towards fostering a culture of philanthropy in a diverse society. The organization aims to connect donors with organizations that positively impact the lives of the LGBTQ (lesbian, gay, bisexual, transgender, and queer) community. The foundation's objective is to support a livable community by collaborating with individuals, families, estate attorneys, and financial planners to create charitable gifts tailored to donors' intentions and impact. During the fiscal year, the foundation focused on educating donors about non-profit organizations providing services to the LGBTQ community in South Florida. Grants were distributed to qualified organizations, as recommended by the donor-advised funds.
Official website here: www.theourfund.org
Who is the CEO of Our Fund Foundation Inc?
David Jobin is the Secretary of Our Fund Foundation Inc. The CEO's salary of Our Fund Foundation Inc is $175,000 and their total compensation is $184,336.
Official website here: www.theourfund.org
What is the revenue of Our Fund Foundation Inc?
Our Fund Foundation Inc's revenue in 2023 was $2,113,185.
Official website here: www.theourfund.org
Who are the executives of Our Fund Foundation Inc and what are their salaries?
The average compensation at Our Fund Foundation Inc during 2023 was $95,602. There are 5 employees at Our Fund Foundation Inc.
Here are 21 key members and their salaries (Our Fund Foundation Inc's CEO's salary is $175,000 and their total compensation is $184,336):
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- Compensation: $175,000
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- Other: $9,336
- Compensation: $150,000
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- Other: $21,165
Official website here: www.theourfund.org
Where can I find the form 990 for Our Fund Foundation Inc?
Our Fund Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.theourfund.org
Learn more at the official website: www.theourfund.org
Mission Statement of Our Fund Foundation Inc
Our Fund Foundation Inc, established with the objective of promoting a culture of philanthropy, unites donors with organizations that enhance the lives of the LGBTQ community. The mission of this foundation is to foster a sustainably livable community by collaborating with individuals, families, estate attorneys, and financial planners. They design charitable gifts tailored to meet donors' intended impact, thereby supporting organizations that cater to the needs of the LGBTQ community. The foundation's ultimate goal is to bridge the gap between donors and organizations, fostering a harmonious relationship that benefits the LGBTQ community in a significant manner.
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Impact
October, 2024
Our Fund Foundation Inc significantly enhances the lives of the LGBTQ community by fostering a culture of philanthropy that connects donors with organizations dedicated to supporting this diverse group. Operating from Wilton Manors, Florida, the foundation focuses on educating donors about the various nonprofit organizations that provide essential services to LGBTQ individuals in South Florida.
Through its grant distribution efforts, Our Fund Foundation channels financial resources directly to qualified organizations recommended by its donor advised funds. This approach not only strengthens the community's support network but also empowers donors to make informed decisions about their charitable contributions. By collaborating with individuals, families, estate attorneys, and financial planners, the foundation tailors gifts to align with donors' philanthropic goals, ensuring a lasting impact on the community.
The foundation's mission promotes sustainable livability, fostering an environment where the LGBTQ community can thrive. By uniting donors and nonprofits, Our Fund Foundation Inc plays a vital role in creating a more inclusive society that values and supports the diverse needs of all its members.
This information is meant to be a general summary of Our Fund 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 2023.
- Investment Income: -$1,916,732
- Gross Receipts: $2,113,185
Assets and Liabilities:
- Total Assets: $22,781,576
- Total Liabilities: $1,368,363
- Net Assets: $21,413,213
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Organization Details
Founding Year
2011
Phone
(954) 565-1090Principal Officer
David Jobin
Main Address
1201 NE 26TH ST 108, WILTON MANORS, FL, 33305
Website
www.theourfund.orgNTEE Category
Code: T20 - Philanthropy
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