Overview
What is Marion Community Foundation?
Marion Community Foundation is a nonprofit organization situated in Marion, Ohio, specifically at 504 S State Street. Their primary role revolves around philanthropy, leadership, and civic engagement in an effort to enhance the Marion area community. This is accomplished through an annual grant distribution process, funded by the organization's endowment funds, in accordance with their spending policy and the wishes of the donors. The foundation boasts a modest workforce of five dedicated individuals.
Official website here: www.marioncommunityfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 99% - Four-Star out of Four Star rating
The Marion Community Foundation received a high rating of 99% from Charity Navigator, reflecting its strong performance in both accountability and finance as well as culture and community. With a perfect score of 100 in accountability and finance, the foundation demonstrates exceptional governance, independence, and transparency. It has a fully independent board of 15 members and no reported material diversions of assets, which underscores its commitment to financial integrity.
In terms of program efficiency, the foundation allocates a significant percentage (79.34%) of its expenses directly to its programs, showcasing effective use of resources. The fundraising efficiency is also impressive, with a minimal cost of $0.02 to raise $1. This strong financial health is further evidenced by a low liabilities to assets ratio and a substantial working capital ratio of 18.53 years.
On the cultural and community front, the foundation scores 91%, indicating robust engagement and satisfaction among its constituents. It excels in collecting and utilizing feedback, with a perfect score in these areas, highlighting its responsiveness to community needs. The equity strategies score of 87 out of 100 suggests a proactive approach to inclusivity and fairness in its operations, although there could be room for further improvement in this area.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Marion Community Foundation?
100% of 9 reviewers on Facebook recommend the Marion Community Foundation. Here is a summary of their reviews:
Positive sentiments are high among users, with particular appreciation for the nonprofit's impact on community initiatives. One reviewer highlighted the vital role the foundation played in funding the "My First Library Card" program, emphasizing that without their generous grant, the program wouldn't have been possible. This indicates strong support for the foundation's efforts in fostering literacy and education from an early age.
Overall, the Marion Community Foundation is seen as a valuable asset to the community, with its contributions making a significant difference in local projects. The commitment to enhancing educational opportunities reflects well on the organization and resonates positively with community members.
This AI summary has been generated from reviews found on Facebook.
Is Marion Community Foundation legitimate?
Marion Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marion Community Foundation 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: $125,426
Professional Fundraising Fees: $0
Other Salaries and Wages: $227,860
For more financial information, click here
Official website here: www.marioncommunityfoundation.org
What is the mission statement of Marion Community Foundation?
The Marion Community Foundation's mission is centered around enhancing its community through philanthropy, leadership, and civic engagement. In line with this mission, the organization annually awards grants from its endowment funds, following a grant application process and adhering to its spending policy and donor wishes. The Foundation's activities aim to continuously improve the quality of life in the community it serves.
Official website here: www.marioncommunityfoundation.org
Who is the CEO of Marion Community Foundation?
Dean L Jacob is the President/Ceo of Marion Community Foundation. The CEO's salary of Marion Community Foundation is $126,176 and their total compensation is $126,176.
Official website here: www.marioncommunityfoundation.org
What is the revenue of Marion Community Foundation?
Marion Community Foundation's revenue in 2022 was $6,217,153.
Official website here: www.marioncommunityfoundation.org
Who are the executives of Marion Community Foundation and what are their salaries?
The average compensation at Marion Community Foundation during 2022 was $70,657. There are 5 employees at Marion Community Foundation.
Here are 16 key members and their salaries (Marion Community Foundation's CEO's salary is $126,176 and their total compensation is $126,176):
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Official website here: www.marioncommunityfoundation.org
Where can I find the form 990 for Marion Community Foundation?
Marion Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.marioncommunityfoundation.org
Learn more at the official website: www.marioncommunityfoundation.org
Mission Statement of Marion Community Foundation
Marion Community Foundation, a philanthropic organization, is dedicated to enhancing its community through philanthropy, leadership, and civic engagement. Its mission is centered around continuously improving the local area, striving to make a significant impact in various aspects of community life. The organization achieves this mission by awarding grants annually, following a meticulous grant application process from its endowment funds. This granting process aligns with the organization's mission and reflects the wishes of its donors, ensuring that the funds are used effectively to improve the community in accordance with its spending policy.
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Impact
October, 2024
Marion Community Foundation significantly impacts the Marion area by enhancing the community through strategic philanthropy, leadership development, and fostering civic engagement. Its primary program services focus on a robust Grant Program, which allocates funds annually to various initiatives that align with the foundation's mission. Through a careful grant application process, these funds are distributed from the organization’s endowment, reflecting both the organization’s spending policy and the values of its donors. This commitment to supporting local projects and programs strengthens the community, addresses pressing needs, and promotes sustainable growth and development in the region. By empowering individuals and organizations within Marion, the foundation plays a vital role in cultivating a vibrant and engaged community.
This information is meant to be a general summary of Marion Community Foundation. 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: $3,275,698
- Gross Receipts: $6,217,153
Assets and Liabilities:
- Total Assets: $55,629,466
- Total Liabilities: $5,597,959
- Net Assets: $50,031,507
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Organization Details
Founding Year
1998
Phone
(740) 387-9704Principal Officer
Dean L Jacob
Main Address
504 S STATE STREET, MARION, OH, 43302
NTEE Category
Code: T31 - Philanthropy
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