Overview
What is Foundation For Appalachian Ohio?
The Foundation for Appalachian Ohio (FAO) is a regional community foundation dedicated to inspiring and supporting philanthropy in Appalachian Ohio, a region with fewer philanthropic resources compared to the rest of the state. Through local partnerships, FAO assists communities in establishing endowments and resources to reinvest in their local areas. Led by volunteers, these community funds are generating grantmaking dollars in previously underserved regions and creating new opportunities for current and former residents to give back. With FAO's guidance, these funds have developed outreach strategies, fundraised, and initiated grantmaking programs across their communities. The Foundation for Appalachian Ohio aims to create a region filled with possibilities by working with donors, grantees, and community members to bridge the philanthropy gap, award grants to nonprofit organizations, schools, and communities, and convene partners around matters important to their region. FAO is headquartered in Nelsonville, Ohio, and has a staff of 30 employees.
Official website here: www.appalachianohio.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97%, Four-Star out of Four Star rating.
The Foundation For Appalachian Ohio has received a high rating of 97%, indicating strong performance in accountability and finance. With 100% of its board members being independent, the organization demonstrates a commitment to governance and ethical oversight. The financial health is underscored by excellent scores in areas such as material diversion of assets, program expense ratio, and fundraising efficiency.
The organization operates with a commendable program expense ratio of 70.44%, meaning a significant portion of its funds is directed towards fulfilling its mission rather than administrative costs. Additionally, the fundraising efficiency ratio indicates that it spends only three cents to raise each dollar, showcasing effective resource management. The working capital ratio of 13.47 years further illustrates its robust financial stability.
However, while the organization shows strong fiscal discipline and transparency in its operations, there may not be specific information on its programmatic impact or community feedback, which could provide additional insight into its effectiveness on the ground. Overall, the Foundation For Appalachian Ohio stands out for its strong governance practices and fiscal responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Appalachian Ohio legitimate?
Foundation For Appalachian Ohio is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Appalachian Ohio 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: $238,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,065,471
For more financial information, click here
Official website here: www.appalachianohio.org
What is the mission statement of Foundation For Appalachian Ohio?
The Foundation for Appalachian Ohio (FAO) serves as a regional community foundation in Appalachian Ohio, inspiring and supporting philanthropy to create opportunities for the region's citizens and communities. FAO's mission envisions a region rich in possibilities. To realize this, the foundation collaborates with donors, grantees, and community members. It aims to bridge the philanthropy gap between Appalachian Ohio and the rest of the state by awarding grants to nonprofit organizations, schools, and communities. The foundation also gathers partners to address matters of regional importance through regular convenings.
Official website here: www.appalachianohio.org
Who is the CEO of Foundation For Appalachian Ohio?
Holly Shelton is the Chair of Foundation For Appalachian Ohio. The CEO's salary of Foundation For Appalachian Ohio is $190,000 and their total compensation is $201,547.
Official website here: www.appalachianohio.org
What is the revenue of Foundation For Appalachian Ohio?
Foundation For Appalachian Ohio's revenue in 2022 was $22,438,784.
Official website here: www.appalachianohio.org
Who are the executives of Foundation For Appalachian Ohio and what are their salaries?
The average compensation at Foundation For Appalachian Ohio during 2022 was $43,469. There are 30 employees and 288 volunteers at Foundation For Appalachian Ohio.
Here are 20 key members and their salaries (Foundation For Appalachian Ohio's CEO's salary is $190,000 and their total compensation is $201,547):
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- Other: $240
Official website here: www.appalachianohio.org
Where can I find the form 990 for Foundation For Appalachian Ohio?
Foundation For Appalachian Ohio's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.appalachianohio.org
Learn more at the official website: www.appalachianohio.org
Mission Statement of Foundation For Appalachian Ohio
The Foundation for Appalachian Ohio (FAO) is a community foundation dedicated to inspiring and supporting philanthropy in Appalachian Ohio. With a mission to create opportunities for the citizens and communities in this region, the foundation works towards a vision of an abundant Appalachian Ohio. FAO achieves this goal in collaboration with its donors, grantees, and community members. By shrinking the philanthropy gap between Appalachian Ohio and the rest of the state, the foundation awards grants to non-profit organizations, schools, and communities. In addition, FAO convenes partners regularly around matters of importance to their region. The Foundation for Appalachian Ohio's efforts aim to expand possibilities and foster growth within Appalachian Ohio.
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Impact
October, 2024
The Foundation For Appalachian Ohio (FAO) has made a significant impact on the communities within the 32 counties of Appalachian Ohio by fostering a culture of philanthropy and enhancing local funding resources. In a region traditionally lacking in philanthropic support compared to other areas of the state, FAO collaborates with local communities to establish endowments and generate sustainable funding streams for community projects.
By empowering local volunteers and leaders, FAO has facilitated the creation of community funds that enable grantmaking opportunities where none existed before. These initiatives not only provide financial support for local needs but also encourage current and former residents to engage in giving back to their communities.
Furthermore, FAO's outreach strategies and fundraising efforts have led to successful grantmaking initiatives across various projects, further strengthening the capacity of local organizations, schools, and community programs. Through this approach, FAO actively works to close the philanthropy gap in Appalachian Ohio, fostering a landscape rich in opportunities and support for its citizens.
This information is meant to be a general summary of Foundation For Appalachian Ohio. 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: $1,497,522
- Program Service Revenue: $865,460
- Gross Receipts: $49,621,908
Assets and Liabilities:
- Total Assets: $81,090,516
- Total Liabilities: $6,470,033
- Net Assets: $74,620,483
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER FEES
Revenue
$865,460
Organization Details
Founding Year
1998
Phone
(740) 753-1111Principal Officer
Holly Shelton
Main Address
35 PUBLIC SQUARE PO BOX 456, NELSONVILLE, OH, 45764
Website
www.appalachianohio.orgNTEE Category
Code: T310 - Philanthropy
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