Overview
What is Community Fund Management Foundation Inc?
Community Fund Management Foundation Inc, also known as Community Fund Ohio, is a nonprofit organization situated in Middleburg Heights, Ohio. Their primary mission is to establish and manage trusts for individuals with disabilities, offering a total of 5,761 such trusts as of December 31, 2022. During the same year, they established 358 new trusts for their clients. Their activities are aimed at developing and making available trust vehicles, education, and related services, aiming to enhance the quality of life for individuals with disabilities while safeguarding their eligibility for governmental benefits. With a team of 13 dedicated employees, the foundation provides essential support to Ohio residents with disabilities and their families.
Official website here: www.cfmf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Community Fund Management Foundation Inc has achieved a notable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization scored an impressive 97%, indicating a high level of efficiency and responsible financial management, which is crucial for donor trust and long-term sustainability.
Key strengths of the foundation include a fully independent board with nine members, a robust financial oversight committee, and a clear conflict of interest policy. Their excellent program expense ratio of 86.86% demonstrates a strong focus on direct program services, while their minimal fundraising costs highlight effective resource use. Furthermore, the foundation has no reported issues with asset diversion, showcasing their integrity in financial operations.
While the ratings depict a solid organizational framework, ongoing transparency and adherence to best practices will be essential for maintaining these high standards. Overall, Community Fund Management Foundation Inc stands out as a responsible and well-managed nonprofit, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Community Fund Management Foundation Inc legitimate?
Community Fund Management Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Fund Management Foundation Inc 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: $112,290
Professional Fundraising Fees: $0
Other Salaries and Wages: $468,018
For more financial information, click here
Official website here: www.cfmf.org
What is the mission statement of Community Fund Management Foundation Inc?
The Community Fund Management Foundation Inc., operating under the name Community Fund Ohio, is a non-profit organization dedicated to developing and making available trust vehicles, education, and related services. Their primary goal is to assist individuals with disabilities in utilizing their private funds to enhance their quality of life, while simultaneously safeguarding their eligibility for governmental benefits. The foundation aims to provide resources that enable these individuals to live more independently and improve their overall living conditions.
Official website here: www.cfmf.org
Who is the CEO of Community Fund Management Foundation Inc?
Molly Murphy is the Member of Community Fund Management Foundation Inc.
Official website here: www.cfmf.org
What is the revenue of Community Fund Management Foundation Inc?
Community Fund Management Foundation Inc's revenue in 2022 was $2,491,867.
Official website here: www.cfmf.org
Who are the executives of Community Fund Management Foundation Inc and what are their salaries?
The average compensation at Community Fund Management Foundation Inc during 2022 was $44,639. There are 13 employees at Community Fund Management Foundation Inc.
Here are 10 key members and their salaries:
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- Compensation: $115,763
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Official website here: www.cfmf.org
Where can I find the form 990 for Community Fund Management Foundation Inc?
Community Fund Management Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfmf.org
Learn more at the official website: www.cfmf.org
Mission Statement of Community Fund Management Foundation Inc
Community Fund Management Foundation, Inc., also known as Community Fund Ohio, is a non-profit organization with a mission to develop and make available trust vehicles, education, and related services for individuals with disabilities and their families. Their primary goal is to enable these individuals to utilize their private funds to improve their quality of life, while simultaneously safeguarding their eligibility for governmental benefits. By providing these resources, Community Fund Management Foundation, Inc. aims to empower disabled individuals and their families, helping them lead more fulfilling lives.
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Impact
October, 2024
Community Fund Management Foundation Inc significantly enhances the lives of individuals with disabilities and their families through specialized trust vehicles and educational services. By establishing and administering various types of trusts, the Foundation empowers clients to manage private funds effectively while safeguarding their eligibility for governmental benefits.
In 2022 alone, the Foundation facilitated the establishment of 358 new trusts, demonstrating its commitment to expanding financial options for disabled individuals. By the end of 2022, a total of 5,761 trusts were being actively managed, highlighting the Foundation's impact in providing continuous support to Ohio residents. This extensive outreach not only improves the quality of life for those served but also contributes to their financial independence and stability, allowing them to access vital resources without jeopardizing essential benefits. The Foundation's initiatives play a crucial role in fostering a more inclusive environment for individuals with disabilities, ensuring they have the necessary tools and education to thrive.
This information is meant to be a general summary of Community Fund Management Foundation Inc. 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: $192,811
- Program Service Revenue: $1,196,832
- Gross Receipts: $2,491,867
Assets and Liabilities:
- Total Assets: $9,381,628
- Total Liabilities: $27,096
- Net Assets: $9,354,532
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL TRUST FEES
Revenue
$711,204
SET-UP FEES
Revenue
$485,628
Organization Details
Founding Year
1993
Phone
(216) 736-4540Principal Officer
Molly Murphy
Main Address
17900 JEFFERSON PARK 102, MIDDLEBURG HEIGHTS, OH, 44130
Website
www.cfmf.orgNTEE Category
Code: P80Z - Human services
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