Overview
What is First Community Foundation?
First Community Foundation is a non-profit organization, established with a tax-exempt status, primarily dedicated to supporting the ministries, missions, programs, and facilities of the First Community Church. Its primary function involves offering grants, contributing to initiatives such as a school and orphanage, as well as supporting various programs and facilities, including their summer camp, Camp Akita. The foundation's purpose is to perpetually enhance and strengthen the impact of the First Community Church, thereby contributing positively to its community.
Official website here: www.fcchurch.foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88%, Three-Star out of Four Star rating
The First Community Foundation has achieved an 88% score on Charity Navigator, signifying a commendable level of accountability and financial health. This rating is based entirely on their Accountability & Finance metrics, which reflect strong performance in key areas such as independent board members and financial oversight. The organization boasts a fully independent board and maintains a low liabilities-to-assets ratio, indicating prudent financial management.
However, there are some notable limitations. The charity has not implemented certain recommended policies, such as a whistleblower policy and document retention and destruction practices, which are critical for transparency and governance. Additionally, the organization has not posted its tax form as required, which could affect public trust and accessibility of financial information.
Despite these shortcomings, the First Community Foundation demonstrates a solid commitment to its mission with a significant program expense ratio of 87.35%, ensuring that most of its resources are directed towards its programs. Overall, the foundation is on a positive trajectory, but enhancing governance practices could further strengthen its integrity and community trust.
This AI summary has been generated from information found on Charity Navigator.
Is First Community Foundation legitimate?
First Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. First 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,031
For more financial information, click here
Official website here: www.fcchurch.foundation
What is the mission statement of First Community Foundation?
The First Community Foundation is a tax-exempt, non-profit organization established with the purpose of perpetually supporting and enhancing the ministries and missions of First Community Church. Its primary mission is to provide financial assistance to various initiatives, including a school and an orphanage, as well as the church's programs and facilities, such as Camp Akita. The foundation's grants aim to contribute to the church's overall growth and development.
Official website here: www.fcchurch.foundation
Who is the CEO of First Community Foundation?
Robert S Stearns is the Treasurer of First Community Foundation.
Official website here: www.fcchurch.foundation
What is the revenue of First Community Foundation?
First Community Foundation's revenue in 2022 was $1,474,999.
Official website here: www.fcchurch.foundation
Who are the executives of First Community Foundation and what are their salaries?
There 13 volunteers at First Community Foundation.
Here are 16 key members and their salaries:
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- Related: $37,250
- Other: $1,831
- Compensation: $0
- Related: $59,943
- Other: $0
- Compensation: $0
- Related: $44,283
- Other: $769
Official website here: www.fcchurch.foundation
Where can I find the form 990 for First Community Foundation?
First Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fcchurch.foundation
Learn more at the official website: www.fcchurch.foundation
Mission Statement of First Community Foundation
First Community Foundation is a tax-exempt, non-profit organization with a mission to perpetually support and enhance the ministries and missions of First Community Church. In simpler terms, this foundation exists to bolster the programs, initiatives, and facilities of First Community Church. Grants distributed by the foundation incorporate various aspects, such as funding for a school and orphanage, as well as contributing to the church's programs and facilities, including its summer camp, Camp Akita.
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Impact
October, 2024
First Community Foundation significantly enhances the ministries and missions of First Community Church, fostering an environment of support and growth. Through targeted grants, it facilitates essential programs for the community, including initiatives for educational institutions like schools and orphanages. Additionally, the foundation plays a crucial role in maintaining and developing facilities such as Camp Akita, which serves as a space for engagement and enrichment for individuals of all ages. The impact is felt across various programs and services that uplift the community, ensuring that the values and objectives of First Community Church are perpetually supported and advanced.
This information is meant to be a general summary of First 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: $417,174
- Gross Receipts: $2,922,266
Assets and Liabilities:
- Total Assets: $9,547,086
- Total Liabilities: $527,853
- Net Assets: $9,019,233
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Organization Details
Founding Year
1961
Phone
(614) 488-0681Principal Officer
Robert S Stearns
Main Address
1320 CAMBRIDGE BLVD, COLUMBUS, OH, 43212
Website
www.fcchurch.foundationNTEE Category
Code: T30 - Philanthropy
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