Overview
What is The Tiffin Community Foundation?
The Tiffin Community Foundation, a nonprofit organization situated in Tiffin, Ohio, operates with a dedicated team of three individuals. Their primary mission is to contribute to the betterment of Seneca County's educational, cultural, and recreational opportunities by ensuring their continuity and enhancement for future generations. They achieve this by providing annual grants to eligible, tax-exempt organizations within the city of Tiffin and Seneca County. These grants are aimed at promoting various aspects such as personal achievement, cultural enrichment, volunteerism, environmental awareness, and the development of innovative solutions to community issues. By prioritizing these areas, The Tiffin Community Foundation plays a vital role in shaping a prosperous future for their community.
Official website here: www.tiffinfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
The Tiffin Community Foundation has achieved an impressive 95% score, reflecting its strong performance in Accountability and Finance. This high rating indicates that the organization maintains a robust financial structure, with independent board oversight and no material diversion of assets reported. The foundation's commitment to transparency is evident through its comprehensive policies and practices, including a documented conflict of interest policy and whistleblower protections.
Strengths of the organization include a fully independent board and a high program expense ratio of 89.36%, which suggests that most of its resources are utilized for its mission-related activities. Additionally, the foundation boasts an excellent liability-to-assets ratio, demonstrating financial stability and effective management of resources. The foundation has also implemented significant audit and oversight measures, contributing to its overall strong financial health.
However, one area noted for improvement is the fundraising efficiency, which scored lower at $0.002. This suggests that while the organization is effective in using its resources for programs, it may need to enhance its fundraising strategies to maximize income for future initiatives. Overall, The Tiffin Community Foundation stands out for its financial accountability and transparency, positioning itself as a reliable nonprofit in its community.
This AI summary has been generated from information found on Charity Navigator.
Is The Tiffin Community Foundation legitimate?
The Tiffin Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Tiffin 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: $109,228
For more financial information, click here
Official website here: www.tiffinfoundation.org
What is the mission statement of The Tiffin Community Foundation?
The Tiffin Community Foundation's mission is to aid in preserving and enhancing the educational, cultural, and recreational opportunities for future generations. This is accomplished by providing assistance to organizations that align with areas such as promoting personal achievement, cultural enrichment, volunteerism, environmental awareness, improving personal health, and developing innovative solutions to community issues. The foundation distributes the unallocated income of the trust annually, accepting applications from tax-exempt organizations in the area.
Official website here: www.tiffinfoundation.org
Who is the CEO of The Tiffin Community Foundation?
Andrew Stephey is the Trustee of The Tiffin Community Foundation.
Official website here: www.tiffinfoundation.org
What is the revenue of The Tiffin Community Foundation?
The Tiffin Community Foundation's revenue in 2022 was $2,170,584.
Official website here: www.tiffinfoundation.org
Who are the executives of The Tiffin Community Foundation and what are their salaries?
The average compensation at The Tiffin Community Foundation during 2022 was $36,409. There are 3 employees and 18 volunteers at The Tiffin Community Foundation.
Here are 9 key members and their salaries:
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Official website here: www.tiffinfoundation.org
Where can I find the form 990 for The Tiffin Community Foundation?
The Tiffin Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tiffinfoundation.org
Learn more at the official website: www.tiffinfoundation.org
Mission Statement of The Tiffin Community Foundation
The Tiffin Community Foundation is a community-focused organization with a mission to support the educational, cultural, and recreational opportunities for future generations. This mission is aimed at preserving and enhancing these opportunities in the community, ensuring a prosperous future for all. The foundation accomplishes this by distributing the unresticted net income of a trust annually. It accepts applications from both public and private organizations within the city and Seneca County, with a preference for programs that promote personal achievement, cultural enrichment, volunteerism, environmental awareness, personal health improvement, and the development of innovative solutions to community problems.
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Impact
October, 2024
The Tiffin Community Foundation significantly enhances the educational, cultural, and recreational opportunities in Seneca County, ensuring that these vital resources are preserved and improved for future generations. By distributing the unrestricted net income from the White Charitable Trust, the Foundation supports a wide range of initiatives that promote personal achievement, cultural enrichment, volunteerism, environmental awareness, health improvement, and innovative solutions to local community challenges.
Through its funding, the Foundation empowers both public and private organizations within Tiffin and Seneca County, prioritizing programs that align with its mission to enhance the quality of life for residents. This commitment fosters a stronger community fabric by enabling access to diverse opportunities that encourage growth, creativity, and collaboration among individuals and groups. The Foundation's impact resonates throughout the local area, nurturing a vibrant and engaging environment for all members of the community.
This information is meant to be a general summary of The Tiffin 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: $639,484
- Gross Receipts: $4,809,618
Assets and Liabilities:
- Total Assets: $27,689,249
- Total Liabilities: $8,368,033
- Net Assets: $19,321,216
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Organization Details
Founding Year
1983
Phone
(419) 448-1791Principal Officer
Andrew Stephey
Main Address
31 S WASHINGTON ST, TIFFIN, OH, 44883
Website
www.tiffinfoundation.orgNTEE Category
Code: T31 - Philanthropy
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