Overview
What is Hamilton Community Foundation?
Hamilton Community Foundation is a local nonprofit organization located at 319 N Third Street in Hamilton, Ohio (ZIP code 45011). With a team of eight dedicated individuals, they are committed to enhancing their community by receiving donations and distributing grants in strategic areas. Their focus encompasses the arts, education, housing, social services, civic beautification, community development, and recreation. Through creative philanthropy, vision, and leadership, the foundation aims to build a better community and enrich the lives of its residents.
Official website here: www.hamiltonfoundation.org
What are the reviews and ratings of this charity?
97% rating from Charity Navigator signifies that Hamilton Community Foundation has achieved a Four-Star out of Four Star rating, indicating excellent performance in accountability and finance. This high score reflects a solid commitment to transparency and fiscal responsibility, which is essential for building donor trust and effective community support.
The foundation boasts 100% independent board membership, indicating strong governance practices. It has established comprehensive policies, including conflict of interest and whistleblower policies, as well as rigorous financial oversight through an Audit and Oversight Committee. Additionally, it demonstrates a low liabilities-to-assets ratio and a significant percentage of program expenses, showing that a majority of funds are directed towards its mission.
However, there is a noted concern regarding fundraising efficiency, with a ratio of $0.01, which may suggest challenges in generating funds relative to costs. Despite this, the foundation’s long working capital ratio of 19.50 years indicates strong financial health and sustainability, allowing it to continue its pivotal work in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Hamilton Community Foundation legitimate?
Hamilton Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hamilton 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: $404,411
Professional Fundraising Fees: $0
Other Salaries and Wages: $145,131
For more financial information, click here
Official website here: www.hamiltonfoundation.org
What is the mission statement of Hamilton Community Foundation?
The Hamilton Community Foundation is dedicated to enhancing their community through creative philanthropy, visionary leadership, and strategic grant making. They receive donations from local contributors and then distribute these funds to enrich various sectors of their community. Their areas of focus include the arts, education, housing, social services, civic beautification, community development, and recreation. By employing thoughtful grant making, the foundation works to positively impact these fields and ultimately improve the overall well-being of their community.
Official website here: www.hamiltonfoundation.org
Who is the CEO of Hamilton Community Foundation?
John Guidugli is the Trustee of Hamilton Community Foundation. The CEO's salary of Hamilton Community Foundation is $182,700 and their total compensation is $191,787.
Official website here: www.hamiltonfoundation.org
What is the revenue of Hamilton Community Foundation?
Hamilton Community Foundation's revenue in 2022 was $17,995,385.
Official website here: www.hamiltonfoundation.org
Who are the executives of Hamilton Community Foundation and what are their salaries?
The average compensation at Hamilton Community Foundation during 2022 was $68,693. There are 8 employees and 11 volunteers at Hamilton Community Foundation.
Here are 15 key members and their salaries (Hamilton Community Foundation's CEO's salary is $182,700 and their total compensation is $191,787):
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- Compensation: $182,700
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- Other: $9,087
- Compensation: $110,781
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- Other: $5,502
- Compensation: $39,696
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- Other: $1,698
- Compensation: $54,947
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Official website here: www.hamiltonfoundation.org
Where can I find the form 990 for Hamilton Community Foundation?
Hamilton Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hamiltonfoundation.org
Learn more at the official website: www.hamiltonfoundation.org
Mission Statement of Hamilton Community Foundation
Hamilton Community Foundation, a philanthropic organization, strives to enhance its community through creative giving, vision, and leadership. By receiving donations from local contributors, the Foundation channels these funds into strategic grant making, enriching various sectors of the community.
Specifically, the Foundation's grant making efforts focus on the arts, education, housing, social services, civic beautification, community development, and recreation. This multifaceted approach ensures a comprehensive impact on the community. By investing in the arts, Hamilton Community Foundation supports cultural initiatives that foster creativity and inspire innovation. In the field of education, the Foundation's grants promote access to quality learning opportunities for all community members.
In the areas of housing, social services, and community development, Hamilton Community Foundation aims to address essential needs and improve living conditions for individuals and families. The Foundation's grants in housing help provide safe and affordable shelter, while social services grants focus on addressing the root causes of poverty and helping vulnerable populations. Community development grants aim to revitalize neighborhoods and create opportunities for economic growth.
Civic beautification is another area where Hamilton Community Foundation makes a difference. Grants in this sector support projects that enhance the visual appeal of public spaces, fostering a sense of pride and belonging within the community. Lastly, the Foundation's grants in recreation encourage physical activity and promote healthy lifestyles, ensuring that residents have access to opportunities for personal growth and well-being.
Through its strategic grant making, Hamilton Community Foundation plays a crucial role in enhancing the quality of life for community members and fostering a vibrant, thriving community.
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Impact
October, 2024
Hamilton Community Foundation makes a significant impact by enriching the Hamilton community through strategic grant-making in various essential areas. By receiving contributions from local donors, the foundation addresses crucial needs in the arts, education, housing, social services, civic beautification, community development, and recreation.
Through its creative philanthropy, the foundation not only enhances the quality of life for residents but also fosters community engagement and development. By supporting initiatives that strengthen these key sectors, Hamilton Community Foundation plays a vital role in building a vibrant and sustainable community, driving positive change and enriching the lives of its citizens.
This information is meant to be a general summary of Hamilton 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: $3,128,433
- Program Service Revenue: $1,324,185
- Gross Receipts: $20,944,824
Assets and Liabilities:
- Total Assets: $133,764,433
- Total Liabilities: $14,214,764
- Net Assets: $119,549,669
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$1,034,034
OTHER ADMINISTRATIVE SERVICES
Revenue
$290,151
Organization Details
Founding Year
1951
Phone
(513) 863-1717Principal Officer
John Guidugli
Main Address
319 N THIRD STREET, HAMILTON, OH, 45011
Website
www.hamiltonfoundation.orgNTEE Category
Code: T310 - Philanthropy
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