Overview
What is Galesburg Community Foundation?
The Galesburg Community Foundation is a nonprofit organization situated in Galesburg, Illinois, at 246 E MAIN STREET. Their primary mission is to enhance and better the communities they serve by providing competitive grant funding to nonprofit organizations. The foundation believes in the power of connecting individuals to causes they care about, as an integral part of effective philanthropy. With a team of 11 dedicated employees, the Galesburg Community Foundation works diligently to improve the overall quality and health of their communities.
Official website here: www.yourgcf.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
The Galesburg Community Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With a score of 95% in the Accountability & Finance category, the foundation demonstrates exemplary governance and transparency practices. Notably, it has a fully independent board and maintains comprehensive policies for conflict of interest, whistleblowing, and document retention.
The organization excels in its financial oversight, with no material diversion of assets reported and a favorable liabilities-to-assets ratio. Furthermore, it showcases high fundraising efficiency, indicating that it effectively manages its fundraising costs. The foundation's program expense ratio is relatively high, though it falls slightly short of the maximum score, suggesting some room for improvement in program spending.
Overall, the Galesburg Community Foundation stands out for its solid financial practices and operational transparency, making it a trustworthy choice for donors. While the program expense ratio indicates that there could be greater investment in direct services, the foundation’s overall performance remains strong and reliable.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Galesburg Community Foundation?
100% of five reviewers on Facebook recommend the Galesburg Community Foundation. Here's a summary of their reviews:
Attendees of various events, such as the Tai Chi class held at the Galesburg Public Library, have expressed deep appreciation for the foundation's commitment to providing free community activities. The positive sentiment around these programs highlights a strong sense of gratitude among participants, who are thrilled with the offerings available to the public.
Overall, the community values the Galesburg Community Foundation's efforts in enhancing local well-being through accessible programs, and they recognize the positive impact of these initiatives on community engagement.
This AI summary has been generated from reviews found on Facebook.
Is Galesburg Community Foundation legitimate?
Galesburg Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Galesburg 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: $279,838
Professional Fundraising Fees: $0
Other Salaries and Wages: $287,345
For more financial information, click here
Official website here: www.yourgcf.org/
What is the mission statement of Galesburg Community Foundation?
The Galesburg Community Foundation strives to enhance the quality and well-being of communities. They hold the belief that fostering connections between individuals and their preferred causes is vital for successful philanthropy. The foundation's primary mission is to provide competitive grant opportunities to non-profit organizations, whose programs aim to positively impact and improve the communities they serve.
Official website here: www.yourgcf.org/
Who is the CEO of Galesburg Community Foundation?
Joshua Gibb is the Chief Executive Officer of Galesburg Community Foundation. The CEO's salary of Galesburg Community Foundation is $169,159 and their total compensation is $195,376.
Official website here: www.yourgcf.org/
What is the revenue of Galesburg Community Foundation?
Galesburg Community Foundation's revenue in 2022 was $4,442,595.
Official website here: www.yourgcf.org/
Who are the executives of Galesburg Community Foundation and what are their salaries?
The average compensation at Galesburg Community Foundation during 2022 was $51,562. There are 11 employees and 28 volunteers at Galesburg Community Foundation.
Here are 13 key members and their salaries (Galesburg Community Foundation's CEO's salary is $169,159 and their total compensation is $195,376):
- Compensation: $169,159
- Related: $0
- Other: $26,217
- Compensation: $81,769
- Related: $0
- Other: $4,356
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.yourgcf.org/
Where can I find the form 990 for Galesburg Community Foundation?
Galesburg Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.yourgcf.org/
Learn more at the official website: www.yourgcf.org/
Mission Statement of Galesburg Community Foundation
The Galesburg Community Foundation is committed to enhancing the quality and well-being of various communities. This nonprofit organization believes that fostering connections between individuals and the causes they are passionate about is essential for successful philanthropy. Their mission is centered around improving community health and welfare by providing competitive grant opportunities to nonprofit organizations whose programs positively impact the community they serve. By supporting these initiatives, the Galesburg Community Foundation aims to contribute to a more vibrant and enriched community landscape.
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Impact
October, 2024
Galesburg Community Foundation significantly enhances the quality and health of Galesburg and surrounding areas. By facilitating competitive grant-making, it empowers local organizations to engage in programs that directly benefit and uplift the community. The foundation's commitment to connecting individuals with causes they are passionate about ensures that philanthropic efforts are aligned with the genuine needs and aspirations of the community. Through its initiatives, Galesburg Community Foundation fosters a collaborative spirit, driving positive change and cultivating a healthier, more vibrant environment for all residents.
This information is meant to be a general summary of Galesburg 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: $632,547
- Program Service Revenue: $120,229
- Gross Receipts: $5,532,101
Assets and Liabilities:
- Total Assets: $38,367,792
- Total Liabilities: $6,619,900
- Net Assets: $31,747,892
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Organization Details
Founding Year
1984
Principal Officer
Joshua Gibb
Main Address
246 E MAIN STREET, GALESBURG, IL, 61401
Website
www.yourgcf.org/NTEE Category
Code: T99 - Philanthropy
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