Overview
What is The Community Foundation Of Louisville Inc?
The Community Foundation of Louisville Inc is a 501(c)(3) nonprofit organization based in Louisville, Kentucky. With a team of 39 employees, they distribute contributions and grants to other qualifying charitable organizations, classified as 509(a). Their mission is to strengthen the region through inspired philanthropy and outstanding stewardship. By partnering with donors, leveraging their knowledge of local communities, and offering a high level of personal engagement, they ensure lasting impact on the community.
Official website here: www.cflouisville.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Community Foundation of Louisville Inc has received an impressive Four-Star rating from Charity Navigator, indicating a strong performance in its accountability and financial management. With a high Accountability & Finance score of 99%, the organization demonstrates exceptional fiscal responsibility and transparency, as evidenced by its low liabilities to assets ratio and a significant program expense ratio of 94.18%. The foundation also maintains a fully independent board, contributing to its strong governance practices.
The foundation excels in feedback collection and utilization, scoring 100% in both areas, which reflects its commitment to stakeholder engagement and responsiveness. However, while it showcases several robust policies and procedures, there is a noted absence of a donor privacy policy. This could be a concern for potential donors who prioritize confidentiality in their contributions.
Despite this minor limitation, the overall strengths of The Community Foundation of Louisville Inc highlight a well-managed nonprofit organization with a dedication to its mission and community. The transparency in its operations and financial practices positions it favorably among its peers, making it a reputable choice for potential donors looking to maximize their philanthropic impact.
This AI summary has been generated from information found on Charity Navigator.
Is The Community Foundation Of Louisville Inc legitimate?
The Community Foundation Of Louisville Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Community Foundation Of Louisville 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: $756,521
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,993,828
For more financial information, click here
Official website here: www.cflouisville.org
What is the mission statement of The Community Foundation Of Louisville Inc?
The Community Foundation of Louisville Inc is dedicated to enhancing their region through thoughtful philanthropy and excellent stewardship. By collaborating with donors, they work to ensure lasting impacts on the community. Leveraging their deep understanding of local needs, they distribute contributions and grants to eligible organizations. Offering exceptional engagement, they strive to provide a personalized and meaningful giving experience for their constituents.
Official website here: www.cflouisville.org
Who is the CEO of The Community Foundation Of Louisville Inc?
Ron Gallo is the Principal Officer of The Community Foundation Of Louisville Inc. The CEO's salary of The Community Foundation Of Louisville Inc is $310,888 and their total compensation is $319,165.
Official website here: www.cflouisville.org
What is the revenue of The Community Foundation Of Louisville Inc?
The Community Foundation Of Louisville Inc's revenue in 2022 was $100,491,799.
Official website here: www.cflouisville.org
Who are the executives of The Community Foundation Of Louisville Inc and what are their salaries?
The average compensation at The Community Foundation Of Louisville Inc during 2022 was $70,522. There are 39 employees and 33 volunteers at The Community Foundation Of Louisville Inc.
Here are 40 key members and their salaries (The Community Foundation Of Louisville Inc's CEO's salary is $310,888 and their total compensation is $319,165):
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- Compensation: $310,888
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Official website here: www.cflouisville.org
Where can I find the form 990 for The Community Foundation Of Louisville Inc?
The Community Foundation Of Louisville Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cflouisville.org
Learn more at the official website: www.cflouisville.org
Mission Statement of The Community Foundation Of Louisville Inc
The Community Foundation of Louisville, a leading philanthropic organization, is on a mission to strengthen their region through inspired generosity and outstanding stewardship. By partnering with donors, this esteemed institution ensures lasting impact on the community. Leveraging their deep knowledge of local needs, The Community Foundation of Louisville offers an unparalleled level of personal engagement to its constituents.
In the realm of giving, The Community Foundation of Louisville distinguishes itself by distributing contributions and grants to 501(c)(3) organizations classified as 509(a). Through this philanthropic endeavor, the organization plays a crucial role in enhancing the social fabric of the community it serves. By fostering meaningful partnerships with donors, The Community Foundation of Louisville is able to identify and address the most pressing needs in the community. It is more than just a foundation; it is a catalyst for positive change, inspiring generosity, and making a lasting impact.
At the heart of its mission, The Community Foundation of Louisville is committed to inspiring philanthropy and practicing outstanding stewardship. It is an institution that goes beyond simply writing checks. It is an organization that invests in the future of its community by cultivating relationships, providing expertise, and leveraging its resources to maximize the impact of every donation. With a steadfast commitment to its mission, The Community Foundation of Louisville continues to play a vital role in shaping a brighter future for its region.
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Impact
October, 2024
The Community Foundation of Louisville Inc significantly strengthens the region by fostering a culture of inspired philanthropy and providing exceptional stewardship of resources. Through strategic partnerships with donors, it ensures that contributions make a lasting impact on the community. By distributing grants to 501(c)(3) organizations classified under 509(a), it supports a wide range of initiatives that enhance local well-being.
Leveraging extensive knowledge of community needs, the foundation actively engages with constituents, offering personalized support that amplifies the effectiveness of philanthropic efforts. This holistic approach not only empowers organizations but also addresses pressing issues, ultimately contributing to a vibrant and resilient Louisville.
This information is meant to be a general summary of The Community Foundation Of Louisville 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: $26,212,110
- Program Service Revenue: $700,639
- Gross Receipts: $250,421,444
Assets and Liabilities:
- Total Assets: $629,099,146
- Total Liabilities: $25,483,835
- Net Assets: $603,615,311
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMIN FUND FEES
Revenue
$700,639
Organization Details
Founding Year
1984
Phone
(502) 585-4649Principal Officer
Ron Gallo
Main Address
325 W MAIN ST 1110, LOUISVILLE, KY, 40202
Website
www.cflouisville.orgNTEE Category
Code: T310 - Philanthropy
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