Overview
What is The Community Foundation For Mchenry County?
The Community Foundation for McHenry County serves as a philanthropic grant-making institution, situated in Crystal Lake, Illinois. With a dedicated workforce of seven individuals, their primary mission is to address the needs of McHenry County through various means. This includes providing grant support to tax-exempt charitable organizations, fostering awareness, and stewarding assets. By offering leadership and granting resources, they aim to positively impact their community and contribute to its overall well-being.
Official website here: www.thecfmc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 82%, Three-Star out of Four Star rating.
The Community Foundation for McHenry County has received a solid rating of 82%, indicating a favorable evaluation of its overall operations and impact. The organization excels in accountability and finance with a score of 83%, showcasing strong governance through 100% independent board members and no material diversion of assets. Its financial health is underscored by a high program expense ratio, ensuring that the majority of its funds are allocated to its mission-driven programs.
In terms of culture and community, the foundation scored 85%, reflecting its commitment to engaging constituents effectively. The organization has demonstrated excellence in collecting and utilizing feedback, achieving perfect scores in these areas. The focus on transparent practices and policies, including conflict of interest and whistleblower policies, enhances its integrity and trustworthiness.
However, while the foundation has a commendable score in equity strategies, it received a slightly lower score of 77 out of 100 in this area, indicating room for improvement. This suggests that while the organization is committed to equity, there may be more work needed to fully integrate equitable practices into all aspects of its operations. Overall, the Community Foundation for McHenry County reflects a strong commitment to its mission and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is The Community Foundation For Mchenry County legitimate?
The Community Foundation For Mchenry County is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Community Foundation For Mchenry 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: $116,470
Professional Fundraising Fees: $0
Other Salaries and Wages: $308,391
For more financial information, click here
Official website here: www.thecfmc.org
What is the mission statement of The Community Foundation For Mchenry County?
The Community Foundation For Mchenry County's mission is to address the needs of its community philanthropically. This is accomplished through various means, including offering leadership, providing grant resources, stewarding assets, and fostering awareness. In essence, their role is to serve as a grantmaking institution, leveraging their resources to support tax-exempt charitable organizations in the community.
Official website here: www.thecfmc.org
Who is the CEO of The Community Foundation For Mchenry County?
Dr Rocio Del Castillo is the Board Chair of The Community Foundation For Mchenry County.
Official website here: www.thecfmc.org
What is the revenue of The Community Foundation For Mchenry County?
The Community Foundation For Mchenry County's revenue in 2022 was $4,495,886.
Official website here: www.thecfmc.org
Who are the executives of The Community Foundation For Mchenry County and what are their salaries?
The average compensation at The Community Foundation For Mchenry County during 2022 was $60,694. There are 7 employees and 60 volunteers at The Community Foundation For Mchenry County.
Here are 9 key members and their salaries:
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- Compensation: $116,470
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Official website here: www.thecfmc.org
Where can I find the form 990 for The Community Foundation For Mchenry County?
The Community Foundation For Mchenry County's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thecfmc.org
Learn more at the official website: www.thecfmc.org
Mission Statement of The Community Foundation For Mchenry County
The Community Foundation for McHenry County, as a philanthropic grantmaking institution, is committed to addressing the needs of the community by providing leadership, granting resources, stewarding assets, and fostering awareness. In essence, its mission is to contribute philanthropically to the betterment of McHenry County, leveraging its resources to support tax-exempt charitable organizations. This organization serves as a catalyst for positive change, leveraging its position to address the community's challenges and promote its growth.
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Impact
October, 2024
The Community Foundation For McHenry County plays a vital role in enhancing the well-being of the community by providing grant support to various tax-exempt charitable organizations. Based in Crystal Lake, Illinois, it focuses on addressing the specific needs of McHenry County through strategic philanthropic efforts. By offering leadership and financial resources, the foundation fosters awareness of local issues and encourages collaboration among organizations. Its commitment to stewarding assets ensures sustainable support for initiatives that make a positive impact, ultimately enriching the lives of residents in the area.
This information is meant to be a general summary of The Community Foundation For Mchenry 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: $3,201,041
- Program Service Revenue: $407,162
- Gross Receipts: $11,772,580
Assets and Liabilities:
- Total Assets: $40,100,434
- Total Liabilities: $976,774
- Net Assets: $39,123,660
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$407,162
Organization Details
Founding Year
2001
Phone
(815) 338-4483Principal Officer
Dr Rocio Del Castillo
Main Address
33 E WOODSTOCK ST, CRYSTAL LAKE, IL, 60014
Website
www.thecfmc.orgNTEE Category
Code: T31 - Philanthropy
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