Overview
What is Community Foundation Of Lorain County?
The Community Foundation of Lorain County serves as a grant-making organization situated in Elyria, Ohio, specifically at 9080 Leavitt Road. Approximately one-third of their authorized grants in 2022 are strategically allocated to address critical community needs in Lorain County, addressing a broad spectrum of charitable organizations. The remaining grants are designated funds from donors, advisors, and agencies. This nonprofit connects individuals with causes that matter, responding to the evolving needs of the community by providing grants to local nonprofits, scholarships to support local students, building community endowments, and engaging in key community issues leadership. Their mission encompasses supporting various impact areas, such as animals and environment, arts and culture, education, health, human services, and public benefit, through a competitive grant process in 2022. The Community Foundation of Lorain County employs 14 individuals, demonstrating their commitment to bettering the community.
Official website here: www.peoplewhocare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Star rating)
The Community Foundation of Lorain County has earned an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a perfect score in both Accountability & Finance and Leadership & Adaptability, the organization demonstrates exceptional governance practices and financial health. An independent board consisting of 20 members ensures robust oversight, and the foundation's various policies—such as conflict of interest and whistleblower protections—are well-documented and adhered to, enhancing its credibility.
The foundation excels in its program expense ratio, with over 81% of its expenses directly supporting its programs, indicating effective investment in its mission. Additionally, its fundraising efficiency is commendable, with only 12 cents spent on fundraising for every dollar raised, showcasing a strong commitment to maximizing donor contributions. Furthermore, the organization has shown a notable investment in leadership development and maintains a solid working capital ratio, providing financial stability.
While the Community Foundation has performed admirably overall, there is a noted opportunity for the organization to better communicate its adaptability in response to recent external challenges. Sharing these experiences could further strengthen its narrative and connection with the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of Lorain County legitimate?
Community Foundation Of Lorain County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of Lorain County 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: $307,316
Professional Fundraising Fees: $0
Other Salaries and Wages: $587,213
For more financial information, click here
Official website here: www.peoplewhocare.org
What is the mission statement of Community Foundation Of Lorain County?
The Community Foundation of Lorain County serves as a bridge between individuals who are passionate about making a difference and causes that require support. Its mission is to adapt to the evolving needs of the community by providing grants to local nonprofit organizations, funding scholarships for local students, working with donors to establish community endowments, and taking a leadership role in addressing key community issues. Approximately one-third of the grants authorized in 2022 were directed towards strategic initiatives and community responsive requests, aimed at addressing vital needs in Lorain County and responding to emerging opportunities within various charitable organizations. Grants were also awarded through a competitive process in 2022, supporting programs across a diverse impact area, such as animals and environment, arts and culture, education, health, human services, and public benefit. The remaining grants were designated to the Community Foundation from designated, donor-advised, or agency funds.
Official website here: www.peoplewhocare.org
Who is the CEO of Community Foundation Of Lorain County?
Cynthia H Andrews is the Director of Community Foundation Of Lorain County. The CEO's salary of Community Foundation Of Lorain County is $166,523 and their total compensation is $199,405.
Official website here: www.peoplewhocare.org
What is the revenue of Community Foundation Of Lorain County?
Community Foundation Of Lorain County's revenue in 2022 was $4,276,372.
Official website here: www.peoplewhocare.org
Who are the executives of Community Foundation Of Lorain County and what are their salaries?
The average compensation at Community Foundation Of Lorain County during 2022 was $63,895. There are 14 employees and 100 volunteers at Community Foundation Of Lorain County.
Here are 22 key members and their salaries (Community Foundation Of Lorain County's CEO's salary is $166,523 and their total compensation is $199,405):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $166,523
- Related: $0
- Other: $32,882
- Compensation: $119,615
- Related: $0
- Other: $17,569
Official website here: www.peoplewhocare.org
Where can I find the form 990 for Community Foundation Of Lorain County?
Community Foundation Of Lorain County's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.peoplewhocare.org
Learn more at the official website: www.peoplewhocare.org
Mission Statement of Community Foundation Of Lorain County
The Community Foundation of Lorain County, as a grant-making organization, is dedicated to connecting individuals who care with causes that matter within the community. It responds to the evolving needs of the region by dispensing grants to local nonprofit organizations, offering scholarships to aid local students, building community endowments, and providing leadership on significant community issues. The foundation operates with a vision to address vital community needs in Lorain County, responding to emerging opportunities in various charitable organizations within the region.
In 2022, approximately one-third of the grants authorized by the board were directed towards strategic initiatives and community-responsive requests. These grants aimed to address a diverse impact area, encompassing sectors such as animals and environment, arts and culture, education, health, human services, and public benefit. The remaining grants were allocated from designated, donor-advised, or agency funds. By engaging in these activities, the Community Foundation of Lorain County works tirelessly to strengthen the community and empower its citizens.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Community Foundation of Lorain County plays a pivotal role in enhancing the quality of life in the region by connecting individuals who are passionate about making a difference with vital causes. In 2022, it directed approximately one-third of its grants toward strategic initiatives and responsive requests, addressing pressing community needs in Lorain County. This responsive approach ensures that emerging opportunities in a diverse range of charitable areas— such as animals and environment, arts and culture, education, health, and human services—are effectively met.
By awarding grants through a competitive process, the organization supports various programs that make a tangible impact across the community. Additionally, it awards scholarships to assist local students in their educational pursuits and collaborates with donors to build a robust community endowment. The foundation's proactive leadership on key community issues further reinforces its commitment to addressing the evolving needs of the region, ensuring that the voices and needs of the community are heard and acted upon.
This information is meant to be a general summary of Community Foundation Of Lorain County. 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: $2,096,767
- Gross Receipts: $62,112,300
Assets and Liabilities:
- Total Assets: $140,093,745
- Total Liabilities: $19,445,937
- Net Assets: $120,647,808
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1980
Phone
(440) 984-7390Principal Officer
Cynthia H Andrews
Main Address
9080 LEAVITT ROAD, ELYRIA, OH, 44035
Website
www.peoplewhocare.orgNTEE Category
Code: T310 - Philanthropy
If you are a representative of Community Foundation Of Lorain County and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.