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Greater Fostoria Community Foundation Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 341946282 ✦ Fostoria, OH ✦ Designated as a 501(c)(3)

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Overview

What is Greater Fostoria Community Foundation Inc?

Greater Fostoria Community Foundation Inc, based in Fostoria, Ohio, serves as a charitable organization with a single employee. The foundation's primary mission is to supply financial support for benevolent, educational, and public charitable purposes within the Fostoria area. It aims to contribute to the betterment of the community by allocating funds towards various worthy causes. The foundation's activities are geared towards fostering growth and development in the local community.


Official website here: www.fostoriafoundation.com

What are the reviews and ratings of this charity?

Charity Navigator Rating: 81% (Three-Star out of Four Star rating)

The Greater Fostoria Community Foundation Inc has earned a solid Three-Star rating from Charity Navigator, reflecting an accountability and finance score of 81%. This rating is entirely based on efficiency and governance metrics, indicating the organization maintains a commitment to transparency and responsible financial management.

Strengths of the foundation include a fully independent board, with all 17 members not having conflicts of interest. The organization demonstrates strong policies in place, such as a conflict of interest policy, a whistleblower policy, and guidelines for document retention, all contributing to its high accountability score. Additionally, the foundation boasts a remarkable program expense ratio of 100%, which signifies that all funds are directed towards its programs.

However, while the foundation's financial and governance practices are strong, the overall rating is calculated from a single beacon score, which means that other aspects of the organization’s performance may not have been evaluated. This could suggest a need for ongoing assessment of its impact and outreach in the community to ensure a holistic view of its effectiveness.


This AI summary has been generated from information found on Charity Navigator.

Is Greater Fostoria Community Foundation Inc legitimate?

Greater Fostoria Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Fostoria Community 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: $22,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.fostoriafoundation.com

What is the mission statement of Greater Fostoria Community Foundation Inc?

The Greater Fostoria Community Foundation Inc is dedicated to providing financial support for charitable, benevolent, and educational causes within its operational area. Its primary mission is to allocate funds for initiatives that enhance the well-being and development of the community. By doing so, the foundation aims to contribute to the betterment of the community and its inhabitants. It serves as a resource for various public charities and educational institutions, offering financial aid to promote their respective goals and objectives.


Official website here: www.fostoriafoundation.com

Who is the CEO of Greater Fostoria Community Foundation Inc?

Michele Cochran is the Executive Di of Greater Fostoria Community Foundation Inc.


Official website here: www.fostoriafoundation.com

What is the revenue of Greater Fostoria Community Foundation Inc?

Greater Fostoria Community Foundation Inc's revenue in 2022 was $624,417.


Official website here: www.fostoriafoundation.com

Who are the executives of Greater Fostoria Community Foundation Inc and what are their salaries?

The average compensation at Greater Fostoria Community Foundation Inc during 2022 was $22,100. There is 1 employee at Greater Fostoria Community Foundation Inc.


Here are 18 key members and their salaries:


Michele Cochran (Executive Di)
  • Compensation: $22,100
  • Related: $0
  • Other: $0
Mark J Baker (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Angela Briggs (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Buckland (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald Burns (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charlie Frankart (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Knight (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
D Ford Mennel (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Donald P Miller (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy R Miller (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bridgett Mundy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Posey (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Reineke (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joe Reinhart (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eugene Schalk (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aaron Smith (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kyle Smith (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Widman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.fostoriafoundation.com

Where can I find the form 990 for Greater Fostoria Community Foundation Inc?

Greater Fostoria Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.fostoriafoundation.com

Learn more at the official website: www.fostoriafoundation.com

Mission Statement of Greater Fostoria Community Foundation Inc

Greater Fostoria Community Foundation Inc is committed to providing resources for charitable, benevolent, and educational purposes within the Greater Fostoria area. Their mission is centered around allocating funds for public benefit, aiming to enhance the well-being and development of the community they serve. By offering financial support to various initiatives, the foundation seeks to foster a positive impact in the local area, touching upon aspects of public welfare and education.

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Impact




July, 2024

The Greater Fostoria Community Foundation Inc positively impacts the Greater Fostoria area by providing funds for public charitable, benevolent, and educational purposes. Through its philanthropic efforts, the organization supports various initiatives that benefit the community, contributing to its overall well-being and development.




This information is meant to be a general summary of Greater Fostoria Community 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.

Revenue
$624,417 (2022)
Expenses
$617,360 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $26
  • Gross Receipts: $631,519

Assets and Liabilities:

  • Total Assets: $23,119
  • Total Liabilities: $0
  • Net Assets: $23,119

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Organization Details

Principal Officer

Michele Cochran

Main Address

342 PERRY ST, FOSTORIA, OH, 44830

NTEE Category

Code: T30 - Philanthropy

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