Overview
What is Wayne County Community Foundation?
The Wayne County Community Foundation is a tax-exempt, community-focused organization situated in Wooster, Ohio. Established through donations from individuals, businesses, churches, civic entities, and bequests, its primary mission is to offer philanthropic leadership to Wayne County, Ohio. The foundation achieves this by engaging in fund development and grant-making activities. Its mission is threefold: encouraging the sharing of resources for community betterment, aiding community charitable organizations in managing endowments, and overseeing investments and disbursements for charitable purposes. The foundation serves as a crucial catalyst for promoting community development and enhancing the well-being of Wayne County, Ohio.
Official website here: www.waynecountycommunityfoundation.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100% (Four-Star out of Four Star rating)
The Wayne County Community Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial management. With a perfect score in the Accountability & Finance category, the foundation demonstrates excellent transparency through its independent board structure and adherence to best practices in governance, including the listing of key policies on its website.
Strengths identified include a solid performance in financial oversight, as indicated by a high program expense ratio of 95.23% and a liabilities to assets ratio of just 13.17%. These metrics suggest that the foundation effectively allocates its resources towards programs rather than administrative costs. Additionally, the foundation has no reported material diversions of assets, reinforcing its reliability as a steward of donor funds.
While the data does not highlight any significant limitations, the information primarily focuses on financial aspects rather than programmatic impact. Therefore, while the foundation excels in financial accountability, further insights into its program effectiveness and community impact would provide a more comprehensive picture of its overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Wayne County Community Foundation legitimate?
Wayne County Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wayne County 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: $112,788
Professional Fundraising Fees: $0
Other Salaries and Wages: $163,858
For more financial information, click here
Official website here: www.waynecountycommunityfoundation.org
What is the mission statement of Wayne County Community Foundation?
The Wayne County Community Foundation serves as a philanthropic leader, promoting charitable activities in its community. Its mission is centered around encouraging individuals, organizations, and businesses to contribute their resources towards community betterment. Furthermore, the foundation assists local charitable organizations in establishing and managing endowments. Lastly, it oversees the investment and disbursement of funds dedicated to charitable causes.
Official website here: www.waynecountycommunityfoundation.org
Who is the CEO of Wayne County Community Foundation?
Melanie Garcia is the Executive Director of Wayne County Community Foundation.
Official website here: www.waynecountycommunityfoundation.org
What is the revenue of Wayne County Community Foundation?
Wayne County Community Foundation's revenue in 2023 was $6,329,494.
Official website here: www.waynecountycommunityfoundation.org
Who are the executives of Wayne County Community Foundation and what are their salaries?
The average compensation at Wayne County Community Foundation during 2023 was $46,108. There are 6 employees and 228 volunteers at Wayne County Community Foundation.
Here are 18 key members and their salaries:
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Official website here: www.waynecountycommunityfoundation.org
Where can I find the form 990 for Wayne County Community Foundation?
Wayne County Community Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.waynecountycommunityfoundation.org
Learn more at the official website: www.waynecountycommunityfoundation.org
Mission Statement of Wayne County Community Foundation
The Wayne County Community Foundation, serving as a beacon of philanthropic leadership, aims to contribute to the betterment of its community in Wayne County, Ohio. Its mission is multifaceted, encompassing three primary objectives. Firstly, the foundation encourages individuals, organizations, and businesses to contribute a portion of their resources for the collective good of the community. Secondly, it assists community charitable organizations in the establishment and management of endowments. Lastly, the foundation oversees the investment and distribution of funds dedicated to charitable purposes. By fulfilling these objectives, the Wayne County Community Foundation plays a vital role in supporting the development and growth of its community.
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Impact
October, 2024
Wayne County Community Foundation plays a vital role in enhancing the quality of life in the Wayne County, Ohio area through its commitment to philanthropic leadership. By facilitating the development of funds and actively engaging in grant-making activities, it effectively channels resources into the community.
The Foundation encourages individuals, businesses, and organizations to contribute their resources, fostering a culture of giving that supports various community needs. This collaborative approach has enabled the Foundation to allocate grants for scholarships, community projects, and various charitable initiatives, all aimed at serving the interests of the local population.
In addition, the Foundation aids charitable organizations in establishing and managing endowments, ensuring sustainable support for their missions. Through its stewardship of investments and oversight of fund disbursement, Wayne County Community Foundation maximizes the impact of every donation, ultimately enhancing the community's social and economic well-being.
This information is meant to be a general summary of Wayne County 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 2023.
- Investment Income: $2,011,427
- Gross Receipts: $16,686,605
Assets and Liabilities:
- Total Assets: $121,593,936
- Total Liabilities: $16,021,162
- Net Assets: $105,572,774
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Organization Details
Founding Year
1978
Phone
(330) 262-3877Principal Officer
Melanie Garcia
Main Address
517 NORTH MARKET STREET, WOOSTER, OH, 44691
NTEE Category
Code: T310 - Philanthropy
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