Overview
What is Community Foundation Of The Mahoning Valley?
The Community Foundation of the Mahoning Valley, situated in Youngstown, Ohio, is a dedicated nonprofit organization with a mission to enhance the quality of life for the local community. Its activities focus on five key areas: health, education, economic development, human services, and historical, cultural, and environmental activities. By attracting resources, the foundation aims to support charitable purposes within these sectors. As a leader in strategic philanthropy, it partners with donors to establish a permanent endowment, making investments that ultimately improve the quality of life for all Mahoning Valley residents. The organization currently employs a team of eight individuals.
Official website here: www.cfmv.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: Four-Star out of Four Stars (100%)
The Community Foundation Of The Mahoning Valley has achieved an impressive Four-Star rating with a perfect score of 100% in the Accountability & Finance category. This rating signifies a strong commitment to transparency and ethical financial practices, which are essential for fostering donor trust and ensuring effective use of resources.
The organization demonstrates excellence across several key financial metrics, such as a high program expense ratio of 84.37%, indicating that a significant portion of its funds directly supports its programs. Additionally, it has shown remarkable financial health with a liabilities to assets ratio of just 16.18% and a fundraising efficiency ratio of $0.022, reflecting its ability to manage costs effectively while raising funds.
Furthermore, the foundation's governance is bolstered by a board composed entirely of independent members, ensuring unbiased decision-making. It has robust policies in place, including conflict of interest and whistleblower policies, all of which contribute to its strong accountability framework. Overall, the Community Foundation Of The Mahoning Valley exemplifies strong financial stewardship and organizational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of The Mahoning Valley legitimate?
Community Foundation Of The Mahoning Valley is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of The Mahoning Valley 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: $119,125
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cfmv.org
What is the mission statement of Community Foundation Of The Mahoning Valley?
The Community Foundation of the Mahoning Valley serves as a catalyst for enhancing the quality of life for its residents. Acting as a leader and advocate for strategic philanthropy, it collaborates with donors to establish a permanent and growing endowment. These investments are made in the Mahoning Valley, aiming to improve the living conditions for all residents across various sectors, including health, education, economic development, human services, historical, cultural, and environmental activities. The organization's primary objective is to identify and support community-based charitable purposes that align with these areas.
Official website here: www.cfmv.org
Who is the CEO of Community Foundation Of The Mahoning Valley?
Shari Harrell is the Director of Community Foundation Of The Mahoning Valley.
Official website here: www.cfmv.org
What is the revenue of Community Foundation Of The Mahoning Valley?
Community Foundation Of The Mahoning Valley's revenue in 2022 was $3,038,919.
Official website here: www.cfmv.org
Who are the executives of Community Foundation Of The Mahoning Valley and what are their salaries?
The average compensation at Community Foundation Of The Mahoning Valley during 2022 was $14,891. There are 8 employees and 21 volunteers at Community Foundation Of The Mahoning Valley.
Here are 13 key members and their salaries:
- 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: $119,125
- Related: $0
- Other: $16,757
Official website here: www.cfmv.org
Where can I find the form 990 for Community Foundation Of The Mahoning Valley?
Community Foundation Of The Mahoning Valley's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfmv.org
Learn more at the official website: www.cfmv.org
Mission Statement of Community Foundation Of The Mahoning Valley
The Community Foundation of the Mahoning Valley serves as a catalyst for enhancing the quality of life for its residents. Acting as a leader and advocate for strategic philanthropy, the organization partners with donors to establish a permanent and growing endowment. This endowment enables the foundation to invest in various sectors that significantly impact the Mahoning Valley community, including health, education, economic development, human services, historical, cultural, and environmental activities. By identifying and supporting community-based charitable purposes in these areas, the Community Foundation of the Mahoning Valley strives to improve the overall quality of life for all residents in the region.
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 the Mahoning Valley effectively enhances the quality of life for residents through strategic philanthropy and resource allocation. By identifying and supporting community-based charitable initiatives, it plays a crucial role in key areas such as health, education, economic development, human services, and cultural and environmental activities.
As a leader and advocate for philanthropy in the region, it partners with donors to establish and grow a permanent endowment, ensuring sustained support for impactful investments. This collaborative approach not only fosters community development but also strengthens local initiatives, creating a positive ripple effect throughout the Mahoning Valley. The foundation's commitment to improving life for all residents is evident in its targeted efforts to address pressing community needs and enrich the region's cultural and social fabric.
This information is meant to be a general summary of Community Foundation Of The Mahoning Valley. 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: $1,124,370
- Program Service Revenue: $303,155
- Gross Receipts: $14,368,545
Assets and Liabilities:
- Total Assets: $38,364,494
- Total Liabilities: $6,210,136
- Net Assets: $32,154,358
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1999
Phone
(330) 743-5555Principal Officer
Shari Harrell
Main Address
201 EAST COMMERCE STREET 150, YOUNGSTOWN, OH, 44503
Website
www.cfmv.orgNTEE Category
Code: T31 - Philanthropy
If you are a representative of Community Foundation Of The Mahoning Valley 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.