Overview
What is The Community Foundation Of Louisville Depository Inc?
The Community Foundation of Louisville Depository Inc, located at 325 W Main Street 1110, Louisville, Kentucky, 40202, is a charitable organization dedicated to facilitating donors' giving by distributing grants and contributions to 501(c)(3) organizations qualifying under section 509(a). With a mission to strengthen the region through inspired philanthropy and outstanding stewardship, the foundation partners with donors to ensure lasting impact, leverages its community knowledge, and offers personal engagement to its constituents.
Official website here: www.cflouisville.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Community Foundation Of Louisville Depository Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization scored a perfect 100% in its Accountability & Finance metrics, indicating a high level of transparency and responsible management of resources. This rating is significant as it showcases the foundation's dedication to fiscal responsibility, with no material diversion of assets reported.
Strengths highlighted include a fully independent board with members actively overseeing the foundation's operations, as well as robust policies in place for conflict of interest and whistleblower protections. The organization excels in key financial metrics such as a program expense ratio of 99.85%, which suggests that nearly all funds raised are directed towards its mission-driven programs. Additionally, the low liabilities to assets ratio of 1.84% reflects a stable financial position.
While the foundation performs exceptionally well overall, its fundraising efficiency ratio of $0.002 indicates that there may be room for improvement in how it raises funds relative to the costs incurred. Nonetheless, the overall financial health and operational integrity of The Community Foundation Of Louisville Depository Inc suggest it is a reliable choice for donors looking to support a well-managed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is The Community Foundation Of Louisville Depository Inc legitimate?
The Community Foundation Of Louisville Depository Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Community Foundation Of Louisville Depository 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cflouisville.com
What is the mission statement of The Community Foundation Of Louisville Depository Inc?
The Community Foundation of Louisville Depository Inc is dedicated to facilitating charitable giving by individuals. Their mission is to strengthen the region through inspired philanthropy and outstanding stewardship. They achieve this by partnering with donors to ensure lasting impact, leveraging their knowledge of communities, and offering exceptional levels of personal engagement. The organization distributes grants and contributions to qualifying 501(c)(3) organizations under Section 509(a).
Official website here: www.cflouisville.com
Who is the CEO of The Community Foundation Of Louisville Depository Inc?
Ron Gallo is the Principal Officer of The Community Foundation Of Louisville Depository Inc. The CEO's salary of The Community Foundation Of Louisville Depository Inc is $0 and their total compensation is $319,165.
Official website here: www.cflouisville.com
What is the revenue of The Community Foundation Of Louisville Depository Inc?
The Community Foundation Of Louisville Depository Inc's revenue in 2022 was $22,827,292.
Official website here: www.cflouisville.com
Who are the executives of The Community Foundation Of Louisville Depository Inc and what are their salaries?
There 7 volunteers at The Community Foundation Of Louisville Depository Inc.
Here are 13 key members and their salaries (The Community Foundation Of Louisville Depository Inc's CEO's salary is $0 and their total compensation is $319,165):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $310,888
- Other: $8,277
- Compensation: $0
- Related: $186,028
- Other: $12,834
- Compensation: $0
- Related: $173,842
- Other: $13,578
- Compensation: $0
- Related: $128,947
- Other: $13,356
- Compensation: $0
- Related: $129,343
- Other: $9,681
- Compensation: $0
- Related: $79,652
- Other: $7,220
Official website here: www.cflouisville.com
Where can I find the form 990 for The Community Foundation Of Louisville Depository Inc?
The Community Foundation Of Louisville Depository Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cflouisville.com
Learn more at the official website: www.cflouisville.com
Mission Statement of The Community Foundation Of Louisville Depository Inc
The Community Foundation of Louisville Depository Inc, a prominent philanthropic organization, is dedicated to facilitating charitable giving in an inspired and effective manner. By partnering with donors, this foundation ensures that their charitable dollars create lasting impact in the community. Leveraging its deep knowledge of local needs and offering unparalleled personal engagement, the organization aspires to strengthen the region through outstanding stewardship.
In practice, The Community Foundation of Louisville Depository Inc distributes grants and contributions to various 501(c)(3) organizations, qualifying under section 509(a). The foundation's mission shines brightest in its commitment to collaborating with donors to achieve their philanthropic objectives and making a meaningful difference in the community. By offering tailored solutions and a deep understanding of the nonprofit sector, the foundation empowers donors to make informed and impactful charitable decisions.
Furthermore, The Community Foundation of Louisville Depository Inc goes beyond the transactional aspect of grant making. It strives to develop long-term relationships with its donors and constituents, providing them with unmatched personal engagement and ensuring that their philanthropic efforts contribute to a thriving, vibrant community. This approach fosters a culture of giving and inspires others to join in the pursuit of positive change.
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Impact
October, 2024
The Community Foundation of Louisville Depository Inc plays a vital role in enhancing the charitable landscape of the region. By facilitating donors' philanthropic efforts, it ensures that generous contributions are effectively directed towards 501(c)(3) organizations that meet essential community needs.
Through strategic grant distribution, the Foundation strengthens local initiatives and supports services that enrich the lives of residents in Louisville and surrounding areas. Its mission emphasizes not only the importance of philanthropy but also outstanding stewardship, as it partners with donors to create lasting impacts.
By leveraging its knowledge of the local communities, The Community Foundation identifies critical areas where support is needed most, fostering a culture of giving that inspires further engagement. This personalized approach to philanthropy goes beyond mere financial contributions; it builds lasting relationships and encourages active participation in the region's growth and development. The Foundation’s commitment to inspired philanthropy ultimately leads to enhanced social programs, improved quality of life for residents, and a stronger, more resilient community.
This information is meant to be a general summary of The Community Foundation Of Louisville Depository 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: $397,911
- Gross Receipts: $81,474,854
Assets and Liabilities:
- Total Assets: $31,052,896
- Total Liabilities: $6,195,905
- Net Assets: $24,856,991
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Organization Details
Founding Year
1985
Phone
(502) 585-4649Principal Officer
Ron Gallo
Main Address
325 W MAIN STREET 1110, LOUISVILLE, KY, 40202
Website
www.cflouisville.comNTEE Category
Code: T31Z - Philanthropy
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