Overview
What is Community Foundation Of Elkhart County Inc?
The Community Foundation of Elkhart County (CFEC) is a local philanthropic organization, established in 1988, with a mission to enhance the quality of life in Elkhart County by inspiring charitable giving. Based at 240 East Jackson Blvd 104, Elkhart, IN 46516, CFEC manages both endowed and non-endowed funds, with a primary focus on benefiting local charities and individuals. They issue grants from restricted funds, adhering to the terms established in respective governing fund agreements. Most grants support local tax-exempt organizations, spanning a wide range of charitable causes, including arts and culture, community development, education and youth development, health and human services, religious institutions, and scholarships. CFEC also maintains an unrestricted fund and uses its resources to advance three focus areas: career pathways, kids and family, and placemaking. Furthermore, they serve as the local administrator for the Lilly Endowment Community Scholarship.
Official website here: www.inspiringgood.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97%, Four-Star out of Four Star rating.
The Community Foundation of Elkhart County Inc has garnered an impressive Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. With a perfect score of 100% in Accountability & Finance, the organization exhibits transparency and responsible management of its resources, making it a reliable choice for donors who prioritize these aspects.
The foundation boasts an independent board with 85% of members being independent, ensuring unbiased governance. Its financial practices are solid, evidenced by no material diversion of assets and a high program expense ratio of 93.61%, indicating that a significant portion of contributions is directed toward its initiatives rather than administrative costs.
While the organization excels in various metrics, including a commendable fundraising efficiency ratio of $0.02, potential donors might still want to review specific program outcomes and community impact to ensure alignment with their philanthropic goals. Overall, the Community Foundation of Elkhart County Inc stands out as a well-managed nonprofit committed to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of Elkhart County Inc legitimate?
Community Foundation Of Elkhart County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of Elkhart 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: $433,596
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,284,204
For more financial information, click here
Official website here: www.inspiringgood.org
What is the mission statement of Community Foundation Of Elkhart County Inc?
The Community Foundation of Elkhart County (CFEC) is a philanthropic organization that aims to enhance the quality of life in local communities by inspiring generosity. Established in 1988, CFEC solicits and develops funds, primarily intended for the benefit of local charities and individuals seeking to achieve their charitable goals. Grants from these funds are issued according to the terms established in the respective governing fund agreements. Recipients of these grants span a wide array of charitable causes, including arts and culture, community development, education and youth development, health and human services, religious institutions, and scholarships. CFEC also maintains a fund for unspecified purposes, which the board uses to support three focus areas: career pathways, kids and family, and placemaking. Additionally, CFEC serves as the local administrator for the Lilly Endowment Community Scholarship.
Official website here: www.inspiringgood.org
Who is the CEO of Community Foundation Of Elkhart County Inc?
Peter Mccown is the Chairperson of Community Foundation Of Elkhart County Inc.
Official website here: www.inspiringgood.org
What is the revenue of Community Foundation Of Elkhart County Inc?
Community Foundation Of Elkhart County Inc's revenue in 2022 was $63,450,759.
Official website here: www.inspiringgood.org
Who are the executives of Community Foundation Of Elkhart County Inc and what are their salaries?
The average compensation at Community Foundation Of Elkhart County Inc during 2022 was $61,350. There are 28 employees and 69 volunteers at Community Foundation Of Elkhart County Inc.
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Official website here: www.inspiringgood.org
Where can I find the form 990 for Community Foundation Of Elkhart County Inc?
Community Foundation Of Elkhart County Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.inspiringgood.org
Learn more at the official website: www.inspiringgood.org
Mission Statement of Community Foundation Of Elkhart County Inc
The Community Foundation of Elkhart County, or CFEC, is a philanthropic organization established in 1988 with a mission to enhance the quality of life in Elkhart County by inspiring generosity. As a tax-exempt entity, CFEC collects charitable donations and develops both endowed and non-endowed funds, primarily focusing on benefiting local charities and helping individuals achieve their charitable objectives.
Grants from the various funds are distributed in accordance with the specified terms outlined in the respective governing fund agreements. Most grants are awarded to local tax-exempt organizations and cover a broad spectrum of charitable causes, which include arts and culture, community development, education and youth development, health and human services, religious institutions, and scholarships. The foundation also maintains an unallocated fund for Elkhart County, which the board utilizes to support three focus areas that positively impact the county: Career Pathways, Kids & Family, and Placemaking. Additionally, CFEC serves as the local administrator for the Lilly Endowment Community Scholarship.
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Impact
October, 2024
The Community Foundation of Elkhart County, Inc. plays a pivotal role in enhancing the quality of life in the region by inspiring generosity among its residents. Established in 1988, it serves as a catalyst for charitable giving, cultivating a community-focused culture of philanthropy. By soliciting and managing both endowed and non-endowed funds, the foundation directs resources to local charities and supports individuals in achieving their charitable ambitions.
Grants awarded by the foundation cover a wide spectrum of causes, including arts and culture, community development, education and youth development, health and human services, and religious organizations. The impact of these initiatives is profound, as they foster community enrichment and provide essential support to local non-profits working on various fronts.
Focused efforts on unrestricted funds allow the foundation to tackle pressing community issues through targeted programs in three key areas: Career Pathways, Kids & Family, and Placemaking. These initiatives not only address immediate needs but also promote long-term growth and sustainability within Elkhart County.
Additionally, the foundation administers the Lilly Endowment Community Scholarship program, further enabling local students to pursue higher education, thus shaping the future of the community through educational opportunities.
Overall, the foundation’s impactful work underscores its commitment to making a lasting difference in Elkhart County, reinforcing the importance of community collaboration and philanthropic efforts in driving positive change.
This information is meant to be a general summary of Community Foundation Of Elkhart 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: $21,643,170
- Program Service Revenue: $13,854
- Gross Receipts: $108,445,671
Assets and Liabilities:
- Total Assets: $392,859,381
- Total Liabilities: $53,128,057
- Net Assets: $339,731,324
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$13,854
Organization Details
Founding Year
1988
Phone
(574) 295-8761Principal Officer
Peter Mccown
Main Address
240 EAST JACKSON BLVD 104, ELKHART, IN, 46516
Website
www.inspiringgood.orgNTEE Category
Code: T31Z - Philanthropy
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