Overview
What is Community Foundation Of Madison And Jefferson County Inc?
The Community Foundation of Madison and Jefferson County Inc, located in Madison, Indiana, serves as a vital resource for the community. Their primary role involves granting funds to local charities and non-profit organizations, aiming to enhance the well-being of Jefferson County. The foundation's mission is to foster a thriving community by enabling donors to establish endowment funds, thereby supporting the interests and passions of the area's people and projects indefinitely. With a small workforce of four individuals, the Community Foundation of Madison and Jefferson County Inc plays a significant role in shaping the future of their community.
Official website here: www.cfmjc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97% (Four-Star out of Four Star Rating).
The Community Foundation of Madison and Jefferson County Inc has achieved a remarkable score of 97%, reflecting a high level of accountability and financial stewardship. This score is exclusively derived from the Accountability & Finance beacon, highlighting the organization's commitment to transparency and responsible management of resources.
Strengths of the organization include a fully independent board consisting of 10 members, strong financial oversight with no material diversion of assets, and an impressive program expense ratio of 79.68%. Additionally, the foundation has robust policies in place regarding conflict of interest, whistleblower protection, and document retention, which further enhance its credibility and operational integrity.
While the data indicates strong financial health and governance, no specific limitations were noted in the gathered feedback. Overall, the foundation demonstrates exemplary practices in accountability and finance, positioning itself as a trusted entity in its community.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of Madison And Jefferson County Inc legitimate?
Community Foundation Of Madison And Jefferson County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of Madison And Jefferson County 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: $134,152
Professional Fundraising Fees: $0
Other Salaries and Wages: $148,900
For more financial information, click here
Official website here: www.cfmjc.org
What is the mission statement of Community Foundation Of Madison And Jefferson County Inc?
The Community Foundation of Madison and Jefferson County's mission is centered around strengthening and enlivening the community. They achieve this by assisting donors in creating perpetual funds, which in turn provide financial support for the people, projects, and interests of Jefferson County. The foundation's activities primarily involve granting funds to local charities and non-profit organizations, as well as establishing and maintaining endowment funds. In essence, their mission is to foster a thriving community by enabling donors to contribute to its long-term development and welfare.
Official website here: www.cfmjc.org
Who is the CEO of Community Foundation Of Madison And Jefferson County Inc?
William E Barnes Jr is the Board Member of Community Foundation Of Madison And Jefferson County Inc. The CEO's salary of Community Foundation Of Madison And Jefferson County Inc is $120,760 and their total compensation is $134,152.
Official website here: www.cfmjc.org
What is the revenue of Community Foundation Of Madison And Jefferson County Inc?
Community Foundation Of Madison And Jefferson County Inc's revenue in 2022 was $5,863,872.
Official website here: www.cfmjc.org
Who are the executives of Community Foundation Of Madison And Jefferson County Inc and what are their salaries?
The average compensation at Community Foundation Of Madison And Jefferson County Inc during 2022 was $70,763. There are 4 employees and 40 volunteers at Community Foundation Of Madison And Jefferson County Inc.
Here are 11 key members and their salaries (Community Foundation Of Madison And Jefferson County Inc's CEO's salary is $120,760 and their total compensation is $134,152):
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- Compensation: $120,760
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- Other: $13,392
Official website here: www.cfmjc.org
Where can I find the form 990 for Community Foundation Of Madison And Jefferson County Inc?
Community Foundation Of Madison And Jefferson County Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfmjc.org
Learn more at the official website: www.cfmjc.org
Mission Statement of Community Foundation Of Madison And Jefferson County Inc
The Community Foundation of Madison and Jefferson County is committed to building a robust and thriving community. They achieve this by aiding donors in establishing perpetual funding sources for the people, projects, and interests that resonate with Jefferson County. By providing grants to local charities and non-profit organizations, and by maintaining endowment funds, the Community Foundation plays a significant role in supporting the ongoing development and well-being of the community. In essence, their mission is to serve as a bridge between generous donors and the causes that matter most in Jefferson County, contributing to a stronger, more vibrant community for all.
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Impact
October, 2024
The Community Foundation of Madison and Jefferson County Inc plays a vital role in enhancing the quality of life within the community. By facilitating perpetual funding, it empowers local donors to invest in the future of Jefferson County, ensuring a sustainable support system for various initiatives. The foundation strategically allocates grants to local charities and organizations, bolstering community projects that address immediate needs and foster long-term growth.
Through its establishment and maintenance of endowment funds, the foundation ensures that resources are available for diverse community programs and passions. This targeted approach strengthens local nonprofits, enabling them to expand their impact and reach, ultimately contributing to the vibrancy and resilience of the community. The efforts of the foundation not only address pressing community issues but also cultivate a culture of philanthropy, inspiring individuals and groups to invest in the collective well-being of Madison and Jefferson County.
This information is meant to be a general summary of Community Foundation Of Madison And Jefferson County 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: $2,014,148
- Program Service Revenue: $18,587
- Gross Receipts: $9,446,452
Assets and Liabilities:
- Total Assets: $35,531,211
- Total Liabilities: $2,507,556
- Net Assets: $33,023,655
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$12,264
MANAGEMENT FEE REVENUE
Revenue
$6,323
Organization Details
Founding Year
1991
Phone
(812) 265-3327Principal Officer
William E Barnes Jr
Main Address
PO BOX 306, MADISON, IN, 47250
Website
www.cfmjc.orgNTEE Category
Code: T31 - Philanthropy
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