Overview
What is The Community Foundation For Ocala Marion County Inc?
The Community Foundation For Ocala Marion County Inc is a locally-focused, tax-exempt nonprofit organization situated in Ocala, Florida. Established in 2011, its primary objective is to empower donors in strengthening their community by addressing various societal needs, one passion at a time. This is achieved through fund management services, which encompass the creation of personal funds for tax deductions, supporting nonprofit agencies in building endowment funds, and providing scholarships for students. Since its inception, the foundation has granted a significant sum of $6,252,479 to local nonprofits. As of 2022, the foundation manages a diverse range of funds, including agency, endowment, donor-advised, corporate-advised, scholarship, annuity, and pass-through funds, leading to a 23% increase in its assets under management compared to the previous year. The foundation's mission is to bridge the charitable interests of donors with the ultimate goal of building a stronger and more vibrant community in the Ocala-Marion County area.
Official website here: www.ocalafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
The Community Foundation For Ocala Marion County Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With an impressive 94% score in accountability, the organization boasts a fully independent board and excellent financial oversight, demonstrating a commitment to transparency and responsible governance.
Strengths include a high program expense ratio of 96.74%, indicating that a significant portion of its resources is directed towards its mission-driven programs. The foundation also excels in its culture and community efforts, achieving a perfect score in feedback collection and usage, showing its dedication to community engagement and responsiveness to stakeholder needs.
However, there are areas for improvement, particularly in fundraising efficiency, which scored notably low. This could indicate a need for a more effective strategy in fundraising efforts to enhance financial sustainability. Overall, the foundation’s strengths in financial accountability and community involvement present a positive outlook for its operations and impact.
This AI summary has been generated from information found on Charity Navigator.
Is The Community Foundation For Ocala Marion County Inc legitimate?
The Community Foundation For Ocala Marion County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Community Foundation For Ocala Marion County 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: $102,743
Professional Fundraising Fees: $0
Other Salaries and Wages: $378,304
For more financial information, click here
Official website here: www.ocalafoundation.org
What is the mission statement of The Community Foundation For Ocala Marion County Inc?
The Community Foundation For Ocala Marion County Inc's mission is centered around connecting the charitable interests of donors to build a stronger community. By serving as a tax-exempt, nonprofit organization, it empowers donors to contribute to the betterment of their local area, one cause at a time. The foundation's main objective is to enhance the quality of life in the community through fund management. It accomplishes this by assisting individuals in creating funds for tax deductions, supporting nonprofit agencies in building permanent endowment funds, and providing scholarships for students. Since its inception in 2011, the foundation has granted a substantial amount of $6,252,479 to various local nonprofits. As of 2022, the foundation manages a diverse range of funds, including agency, endowment, donor-advised, corporate-advised, scholarship, annuity, and pass-through funds, leading to a 23% increase in funds under management compared to the previous year.
Official website here: www.ocalafoundation.org
Who is the CEO of The Community Foundation For Ocala Marion County Inc?
Lauren Deiorio is the Director of The Community Foundation For Ocala Marion County Inc.
Official website here: www.ocalafoundation.org
What is the revenue of The Community Foundation For Ocala Marion County Inc?
The Community Foundation For Ocala Marion County Inc's revenue in 2022 was $3,078,775.
Official website here: www.ocalafoundation.org
Who are the executives of The Community Foundation For Ocala Marion County Inc and what are their salaries?
The average compensation at The Community Foundation For Ocala Marion County Inc during 2022 was $48,105. There are 10 employees and 18 volunteers at The Community Foundation For Ocala Marion County Inc.
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- Compensation: $99,750
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- Other: $2,993
Official website here: www.ocalafoundation.org
Where can I find the form 990 for The Community Foundation For Ocala Marion County Inc?
The Community Foundation For Ocala Marion County Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ocalafoundation.org
Learn more at the official website: www.ocalafoundation.org
Mission Statement of The Community Foundation For Ocala Marion County Inc
The Community Foundation For Ocala Marion County Inc is dedicated to connecting the charitable interests of donors with the aim of building a stronger community. This mission is accomplished through fund management, where the foundation empowers donors to strengthen their local area one passion at a time. The foundation supports a variety of local nonprofits by providing grants and special projects, ranging from creating funds for tax deductions to building permanent endowment funds for nonprofit agencies. Since its inception in 2011, the foundation has granted a total of $6,252,479.00 to nonprofits in the area. As of the end of 2022, The Community Foundation For Ocala Marion County Inc was managing a diverse range of funds, including agency funds, endowment funds, donor-advised funds, corporate-advised funds, scholarship funds, an annuity fund, and pass-through funds, resulting in a 23% increase in funds under management from the previous year. This organization plays an essential role in connecting donors with the causes they care about, ultimately contributing to the betterment of the community.
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Impact
October, 2024
The Community Foundation For Ocala Marion County Inc has significantly enhanced the quality of life in Ocala and Marion County through strategic fund management and targeted philanthropic initiatives. By connecting the charitable interests of donors to local needs, the foundation has empowered individuals and organizations to contribute meaningfully to their community. Since its inception in 2011, it has facilitated grants totaling over $6.2 million, directly impacting a variety of local causes, from educational scholarships to the establishment of permanent endowment funds for local agencies.
The foundation manages a diverse array of funds, including agency, endowment, donor-advised, corporate-advised, scholarship, annuity, and pass-through funds, demonstrating a robust commitment to supporting local nonprofits and initiatives. As of 2022, this expansive portfolio reflects a 23% increase in funds under management, indicating growing community engagement and investment in local philanthropic efforts.
Through its work, the foundation not only fosters a culture of giving but also addresses pressing community needs, ensuring that resources are effectively allocated to strengthen and sustain the community's wellbeing. The impact of The Community Foundation For Ocala Marion County Inc is felt across multiple sectors, as it brings together the interests of donors and the needs of the community, creating a stronger, more vibrant Ocala and Marion County.
This information is meant to be a general summary of The Community Foundation For Ocala Marion County 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: $141,963
- Program Service Revenue: $167,046
- Gross Receipts: $3,104,510
Assets and Liabilities:
- Total Assets: $4,816,064
- Total Liabilities: $2,704,089
- Net Assets: $2,111,975
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DAF WORKSHOP
Revenue
$68,056
PROGRAM SERVICE INCOME
Revenue
$60,405
MANAGEMENT FEE REVENUE
Revenue
$35,435
ADMINISTRATIVE FEE INC
Revenue
$3,150
Organization Details
Founding Year
2011
Phone
(352) 622-5020Principal Officer
Lauren Deiorio
Main Address
324 SE 24TH ST, OCALA, FL, 344715362
Website
www.ocalafoundation.orgNTEE Category
Code: T31 - Philanthropy
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