Overview
What is Community Foundation Of Morgan County?
The Community Foundation of Morgan County is a nonprofit organization located at 56 North Main Street, Martinsville, Indiana 46151. Their primary role involves managing temporary funds for various charities and nonprofit groups within the Morgan County region, thereby contributing to their causes. This action aligns with their mission of enriching the lives of current and future generations in Morgan County, Indiana. By accepting donations, managing financial resources, granting funds, and providing scholarships, the Community Foundation of Morgan County plays a significant role in community service and public charity. Their activities extend beyond just financial management, as they also contribute to grants and scholarships in the region. With a team of seven dedicated individuals, the foundation continues to work towards improving the quality of life in Morgan County, Indiana.
Official website here: www.cfmconline.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star Rating
The Community Foundation of Morgan County has achieved a perfect score of 100%, indicating a strong commitment to accountability and finance, which is vital for maintaining donor trust. This rating reflects the organization's effective governance and transparency, showcasing a fully independent board comprised entirely of eight members. All governance practices, including conflict of interest and whistleblower policies, are well documented and adhered to.
The foundation demonstrates impressive financial health, with a program expense ratio of 71.59%, indicating that a significant portion of its funds is directed towards its programs and services. Additionally, it has a low liabilities to assets ratio of 12.30%, further supporting its financial stability and sustainability. These factors collectively contribute to the organization's ability to meet its mission effectively.
While the foundation's strengths are notable, prospective donors should always consider the broader impact and community feedback on its programs. However, the data indicates that the foundation is well-managed and financially responsible, making it a trustworthy choice for those looking to support community initiatives in Morgan County.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of Morgan County legitimate?
Community Foundation Of Morgan County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of Morgan County 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: $83,675
Professional Fundraising Fees: $0
Other Salaries and Wages: $190,976
For more financial information, click here
Official website here: www.cfmconline.org
What is the mission statement of Community Foundation Of Morgan County?
The Community Foundation of Morgan County's mission is centered around improving the quality of life for both current and future generations in its community. It accomplishes this by accepting donations, managing financial resources, granting funds, and providing scholarships. Furthermore, part of its role involves assisting other charities and non-profit organizations in Morgan County, thereby supporting their endeavors and contributing to the overall mission of the Community Foundation of Morgan County.
Official website here: www.cfmconline.org
Who is the CEO of Community Foundation Of Morgan County?
Brittani Bentley is the President of Community Foundation Of Morgan County.
Official website here: www.cfmconline.org
What is the revenue of Community Foundation Of Morgan County?
Community Foundation Of Morgan County's revenue in 2022 was $1,220,402.
Official website here: www.cfmconline.org
Who are the executives of Community Foundation Of Morgan County and what are their salaries?
The average compensation at Community Foundation Of Morgan County during 2022 was $39,236. There are 7 employees at Community Foundation Of Morgan County.
Here are 8 key members and their salaries:
- Compensation: $83,675
- 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
Official website here: www.cfmconline.org
Where can I find the form 990 for Community Foundation Of Morgan County?
Community Foundation Of Morgan County's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfmconline.org
Learn more at the official website: www.cfmconline.org
Mission Statement of Community Foundation Of Morgan County
The Community Foundation of Morgan County, in its mission, collaborates with the local community to enhance the lives of current and future generations in Morgan County, Indiana. This nonprofit organization accepts donations, manages financial resources, and distributes grants and scholarships. By aiding charities and non-profit groups in the region, the Community Foundation of Morgan County contributes to the broader goal of advancing its own mission. Additionally, the organization plays a role in managing temporary funds to support the work of these charities, thereby furthering the objectives of the Community Foundation of Morgan County.
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Impact
October, 2024
The Community Foundation of Morgan County plays a crucial role in enhancing the quality of life for residents in Morgan County, Indiana. Through effective management of non-permanent funds, it provides essential support to local charities and nonprofit organizations, amplifying their impact in the community. By offering grants and scholarships, the foundation directly contributes to the development of programs and initiatives that address the needs of the county's citizens.
This collaborative approach fosters a spirit of philanthropy, ensuring that resources are allocated wisely to benefit current and future generations. The foundation’s dedication to managing financial resources effectively enables it to respond swiftly to community challenges, fostering a robust network of support for diverse needs within Morgan County. By empowering local organizations, the Community Foundation of Morgan County strengthens the community fabric and promotes long-term growth and stability.
This information is meant to be a general summary of Community Foundation Of Morgan County. 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: $211,508
- Program Service Revenue: $357,545
- Gross Receipts: $2,550,160
Assets and Liabilities:
- Total Assets: $10,386,986
- Total Liabilities: $1,277,709
- Net Assets: $9,109,277
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$357,545
Organization Details
Founding Year
1995
Phone
(765) 813-0003Principal Officer
Brittani Bentley
Main Address
56 NORTH MAIN STREET, MARTINSVILLE, IN, 46151
Website
www.cfmconline.orgNTEE Category
Code: T31 - Philanthropy
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