Overview
What is Winona Community Foundation?
Winona Community Foundation is a nonprofit organization based in Winona, Minnesota, with a mission to enhance the quality of life in the area. They achieve this by educating the public about philanthropy, connecting individuals with charitable intentions and resources to worthy causes, managing and administering charitable dollars, collaborating with other charitable organizations, and advocating for community needs. The foundation disbursed 544 grants in 2022 and continues to grow its capacity to facilitate future gifts and community conversations. With a team of three dedicated individuals, Winona Community Foundation serves as a catalyst for selected community initiatives, making grants to projects and causes that address both the needs and opportunities present in the community.
Official website here: www.winonacf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Star Rating)
The Winona Community Foundation has received a commendable 98% rating from Charity Navigator, reflecting its strong performance in both accountability and finance. The foundation achieved a perfect score of 100 in accountability measures, indicating a robust governance structure with a fully independent board and comprehensive financial oversight. Key indicators such as the absence of material diversion of assets and the established whistleblower and conflict of interest policies underline its commitment to transparency.
In addition to financial accountability, the foundation demonstrates a commendable commitment to community engagement, scoring 85 in its culture and community metrics. The organization excels in collecting and utilizing constituent feedback, achieving perfect scores in these areas, which suggests that it actively involves and considers the voices of those it serves. This level of engagement is vital in ensuring that the foundation's programs effectively meet community needs.
However, while the organization showcases strong overall effectiveness, the equity strategies score of 77 indicates potential areas for improvement in promoting equity within its initiatives. This suggests that while the foundation is performing well, there is room for growth in ensuring that all community members benefit equitably from its services.
This AI summary has been generated from information found on Charity Navigator.
Is Winona Community Foundation legitimate?
Winona Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Winona Community Foundation 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: $147,612
Professional Fundraising Fees: $0
Other Salaries and Wages: $41,007
For more financial information, click here
Official website here: www.winonacf.org
What is the mission statement of Winona Community Foundation?
The Winona Community Foundation aims to enhance the quality of life in various communities by educating the public about philanthropy and its benefits. It connects individuals with charitable intentions and resources with organizations and causes that can contribute to public good. The foundation also gathers, preserves, and stewards philanthropic resources, collaborates with other charitable organizations, serves as a catalyst for selected community initiatives, and makes grants to projects and causes that address both the needs and opportunities present in the community.
Official website here: www.winonacf.org
Who is the CEO of Winona Community Foundation?
Kathy Peterson is the Director of Winona Community Foundation.
Official website here: www.winonacf.org
What is the revenue of Winona Community Foundation?
Winona Community Foundation's revenue in 2022 was $1,326,891.
Official website here: www.winonacf.org
Who are the executives of Winona Community Foundation and what are their salaries?
The average compensation at Winona Community Foundation during 2022 was $62,873. There are 3 employees and 17 volunteers at Winona Community Foundation.
Here are 16 key members and their salaries:
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- Compensation: $97,677
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- Other: $4,509
- Compensation: $42,141
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- Other: $3,285
Official website here: www.winonacf.org
Where can I find the form 990 for Winona Community Foundation?
Winona Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.winonacf.org
Learn more at the official website: www.winonacf.org
Mission Statement of Winona Community Foundation
Winona Community Foundation is dedicated to enhancing the well-being of the community by promoting the concept of philanthropy and its advantages, both for donors and the community at large. The organization serves as a bridge, connecting individuals with charitable intentions and resources with deserving organizations and causes that can contribute to the betterment of society.
In addition to this, Winona Community Foundation plays a pivotal role in collecting, preserving, and managing philanthropic resources. This stewardship ensures that these resources are utilized effectively and efficiently to address the needs and opportunities present within the community. Furthermore, the foundation collaborates with other charitable organizations, functioning as a catalyst for selected community initiatives.
Lastly, Winona Community Foundation is active in making grants to projects and causes that cater to the community's needs and opportunities. By doing so, the foundation aims to contribute positively to the community's development, ultimately improving the quality of life for its residents.
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Impact
October, 2024
The Winona Community Foundation significantly enhances the quality of life in the Winona area through various impactful initiatives. By educating the public about philanthropy and its benefits, the Foundation fosters a culture of giving and charitable engagement among community members. In 2022 alone, it disbursed 544 grants, effectively connecting donors with pressing community needs and supporting a range of beneficial projects and causes.
Through diligent stewardship of donations, the Foundation not only manages philanthropic resources but also identifies new opportunities for future contributions, ensuring they align with the evolving needs of the community. Additionally, by collaborating with other charitable organizations, it amplifies the impact of its efforts and creates a stronger network focused on advancing the public good.
Acting as a catalyst for selected community initiatives, the Winona Community Foundation facilitates vital conversations about local needs and leverages its resources to address them. Its ongoing commitment to both stewardship and advocacy for community development underscores its critical role in fostering a vibrant and engaged community in Winona.
This information is meant to be a general summary of Winona Community Foundation. 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: -$511
- Program Service Revenue: $63,165
- Gross Receipts: $9,519,423
Assets and Liabilities:
- Total Assets: $14,899,385
- Total Liabilities: $3,697,242
- Net Assets: $11,202,143
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$63,165
Organization Details
Founding Year
1987
Phone
(507) 454-6511Principal Officer
Kathy Peterson
Main Address
111 RIVERFRONT SUITE 2E, WINONA, MN, 55987
Website
www.winonacf.orgNTEE Category
Code: T31 - Philanthropy
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