Overview
What is Community Foundations Inc?
Community Foundations Inc is a nonprofit organization established in 1987 with a mission to enhance the well-being of its community. Based beyond Central Ohio, this foundation assumes the responsibility to uplift the community's living standards. Embracing philanthropy and arts and humanities, Community Foundations Inc plays a significant role in assisting donors and other individuals in their community improvement efforts. They work tirelessly to advance their mission, serving geographic areas beyond Central Ohio and striving to improve the overall quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Community Foundations Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization's overall score is derived entirely from its impressive performance in these areas, showcasing its dedication to transparency and effective financial management.
The nonprofit boasts a fully independent board, with all nine members meeting the criteria for independence. Additionally, it has a perfect score in several categories, including its audit and oversight practices, conflict of interest policy, and the absence of any material diversion of assets. These strengths highlight the foundation's governance and operational integrity.
However, while there are no noted limitations in the data, potential donors may still consider the organization's overall impact and program effectiveness in relation to its financial metrics. With a high program expense ratio and fundraising efficiency, Community Foundations Inc stands out as a financially sound choice for those looking to support a nonprofit with responsible practices.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundations Inc legitimate?
Community Foundations Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundations 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
What is the mission statement of Community Foundations Inc?
Community Foundations Inc's mission is centered around assisting others in enhancing their communities, benefiting all its residents. Established in 1987, this foundation's role extends beyond Central Ohio. It is entrusted with the responsibility of improving the community's quality of life. Community Foundations also supports and promotes philanthropy, with a focus on arts and humanities programs, to aid donors and others in their endeavors.
Who is the CEO of Community Foundations Inc?
Douglas F Kridler is the CEO of Community Foundations Inc The CEO's salary of Community Foundations Inc is $0 and their total compensation is $680,084.
What is the revenue of Community Foundations Inc?
Community Foundations Inc's revenue in 2023 was $6,706,962.
Who are the executives of Community Foundations Inc and what are their salaries?
Here are 16 key members and their salaries (Community Foundations Inc's CEO's salary is $0 and their total compensation is $680,084):
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- Related: $574,139
- Other: $105,945
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- Related: $305,028
- Other: $63,469
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- Related: $255,130
- Other: $58,986
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- Related: $223,882
- Other: $35,186
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- Related: $185,636
- Other: $51,333
- Compensation: $0
- Related: $189,733
- Other: $25,458
- Compensation: $0
- Related: $150,869
- Other: $47,841
Where can I find the form 990 for Community Foundations Inc?
Community Foundations Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Community Foundations Inc
Community Foundations Inc, established in 1987, is dedicated to assisting others in enhancing their communities for the betterment of all its citizens. This nonprofit organization takes on the significant responsibility of improving the community's quality of life. Community Foundations Inc is deeply committed to fostering philanthropy and supporting arts and humanities programs. By doing so, it aims to help donors and other entities in their efforts to contribute to the community's well-being. In essence, Community Foundations Inc serves as a catalyst for positive change and community development.
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Impact
October, 2024
Community Foundations Inc plays a pivotal role in enhancing the quality of life for residents in its service areas, extending beyond Central Ohio since its establishment in 1987. By supporting a diverse range of initiatives, the organization significantly contributes to the betterment of the community for all citizens.
One of the key impacts of Community Foundations Inc is its commitment to advancing philanthropy, which fosters a culture of giving and civic engagement. This encourages individuals and businesses to invest in their local communities, leading to a more vibrant society. Additionally, the foundation promotes arts and humanities programs, enriching cultural experiences and fostering creativity among residents.
Through its collaborative efforts, Community Foundations Inc assists various organizations in implementing programs and projects that address community needs. This collective impact model strengthens the social fabric of the community, ensuring that essential services and resources are available to all. By prioritizing the quality of life, Community Foundations Inc creates a framework for sustainable development that benefits present and future generations.
This information is meant to be a general summary of Community Foundations 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: $1,712,428
- Gross Receipts: $20,398,996
Assets and Liabilities:
- Total Assets: $67,171,680
- Total Liabilities: $608,869
- Net Assets: $66,562,811
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Organization Details
Founding Year
1987
Principal Officer
Scott G Heitkamp
NTEE Category
Code: T31 - Philanthropy
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