Overview
What is The Troy Foundation?
The Troy Foundation is a local nonprofit organization situated in Troy, Ohio. Established with a mission to enhance the community's well-being, it connects donors to various charitable causes, fostering a vision for a more enriched tomorrow. In 2022, the foundation distributed over 1,900 grants to diverse organizations, focusing on sectors such as arts and culture, education, health and human services, social services, youth development, beautification, wildlife and environmental conservation, and emergency aid to support non-profits during the pandemic. With a team of nine dedicated individuals, The Troy Foundation strives to improve community life by addressing numerous social and environmental concerns.
Official website here: www.thetroyfoundation.org
What are the reviews and ratings of this charity?
The Troy Foundation has earned a Four-Star out of Four Star rating from Charity Navigator, with an impressive score of 90%. This exemplary rating is entirely attributable to its Accountability & Finance performance, reflecting strong financial health, efficiency, and governance practices. However, it should be noted that the rating does not take into account Leadership & Adaptability, Culture & Community, or Impact & Measurement.
The foundation demonstrates robust governance, with perfect scores in board independence and conflict of interest policies. The presence of independent board members and adherence to sound financial practices further enhance its credibility. It also excels in financial metrics, showcasing a remarkable program expense ratio of over 91% and a solid working capital ratio, indicating sustained financial health and efficiency.
Despite these strengths, the absence of financial statements is a limitation noted in the evaluation. Charity Navigator's assessment is strictly financial, lacking insights into the foundation's impact and organizational culture. As there are no user reviews available from GreatNonprofits, customer perceptions or experiences remain unreported.
This AI summary has been generated from information found on Charity Navigator.
Is The Troy Foundation legitimate?
The Troy Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Troy 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: $164,529
Professional Fundraising Fees: $0
Other Salaries and Wages: $293,605
For more financial information, click here
Official website here: www.thetroyfoundation.org
What is the mission statement of The Troy Foundation?
The Troy Foundation's mission is centered around enhancing the quality of life in the community. They achieve this by linking donors with worthy causes, working towards a more prosperous future. The organization's mission statement, in simpler terms, is to improve the community's well-being by connecting donors to meaningful causes, aiming for a better tomorrow. In 2022, they disbursed over 1,900 grants to various organizations, providing services in sectors such as arts and culture, education, health and human services, social services, youth development, beautification, wildlife and environmental protection, and emergency grants to aid non-profits during the pandemic.
Official website here: www.thetroyfoundation.org
Who is the CEO of The Troy Foundation?
Melissa Kleptz is the Chair of The Troy Foundation.
Official website here: www.thetroyfoundation.org
What is the revenue of The Troy Foundation?
The Troy Foundation's revenue in 2022 was $11,701,989.
Official website here: www.thetroyfoundation.org
Who are the executives of The Troy Foundation and what are their salaries?
The average compensation at The Troy Foundation during 2022 was $50,904. There are 9 employees and 15 volunteers at The Troy Foundation.
Here are 12 key members and their salaries:
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Official website here: www.thetroyfoundation.org
Where can I find the form 990 for The Troy Foundation?
The Troy Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thetroyfoundation.org
Learn more at the official website: www.thetroyfoundation.org
Mission Statement of The Troy Foundation
The Troy Foundation, a nonprofit organization, is committed to enhancing the quality of life in its community by establishing connections between generous donors and worthy causes. Its mission, as stated, is to contribute to a better tomorrow by engaging donors with meaningful charitable endeavors. This mission is aimed at fostering growth and improvement in various sectors, including arts and culture, education, health and human services, social services, youth development, beautification, wildlife and environmental conservation, and emergency aid to non-profits during challenging times. Through these initiatives, The Troy Foundation seeks to create a more enriched and supportive community for all its residents.
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Impact
October, 2024
The Troy Foundation significantly enhances the quality of life in the community by effectively linking donors with charitable initiatives aimed at fostering a better tomorrow. In 2022 alone, it distributed over 1,900 grants to various organizations across diverse sectors, including arts and culture, education, health and human services, social services, youth development, environmental protection, and beautification projects. Notably, the foundation also stepped up during challenging times by providing emergency grants to nonprofits impacted by the pandemic. Through these efforts, The Troy Foundation plays a crucial role in supporting both sustainable growth and immediate community needs in Troy, Ohio.
This information is meant to be a general summary of The Troy 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: $5,826,134
- Gross Receipts: $25,854,965
Assets and Liabilities:
- Total Assets: $123,423,524
- Total Liabilities: $7,802,362
- Net Assets: $115,621,162
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Organization Details
Founding Year
1924
Phone
(937) 339-8935Principal Officer
Melissa Kleptz
Main Address
216 W FRANKLIN ST, TROY, OH, 453733234
Website
www.thetroyfoundation.orgNTEE Category
Code: T310 - Philanthropy
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