Overview
What is Fremont Area Community Foundation?
The Fremont Area Community Foundation is a charitable organization based in Fremont, Michigan, with a mission to enhance the quality of life for residents of Newaygo County and the surrounding communities. They administer and distribute funds exclusively for charitable purposes through grants to local nonprofit organizations. Their areas of focus include health, education, community development, and services to vulnerable populations. The foundation aims to improve lives by providing grants to deserving causes, ultimately benefiting the people of Newaygo County and the western Michigan region. With a team of 27 employees, they strive to make a meaningful impact in their community.
Official website here: www.facommunityfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 94%, Four-Star out of Four Star rating.
The Fremont Area Community Foundation has received a high rating of 94%, reflecting strong accountability and financial practices. The foundation boasts a perfect score for its independent board members, ensuring that all 15 members are free from conflicts of interest. Additionally, the organization excels in areas such as its audit and oversight committee, demonstrating a commitment to transparency and effective governance.
Financially, the foundation shows robust management with a low liabilities to assets ratio of 2.63% and an impressive program expense ratio of 80.95%, indicating that a significant portion of its funds is directed towards programs. While the organization performs well in financial accountability, it received a moderate score of 73 in their Culture & Community and Equity Strategies categories, suggesting there may be room for improvement in these areas.
Overall, the Fremont Area Community Foundation demonstrates a strong commitment to ethical governance and effective financial management. Stakeholders can feel confident in the organization's ability to manage its resources effectively while continuing to foster community development initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Fremont Area Community Foundation legitimate?
Fremont Area Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fremont Area 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: $376,693
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,248,704
For more financial information, click here
Official website here: www.facommunityfoundation.org
What is the mission statement of Fremont Area Community Foundation?
The Fremont Area Community Foundation strives to improve the overall quality of life for people in Newaygo County and surrounding communities. They carry out this mission through community-responsive grantmaking, administering and distributing funds exclusively for charitable purposes. The organization supports nonprofit organizations that provide essential services, primarily focusing on sectors such as health, education, community development, and services for vulnerable populations. By granting funds to these organizations, the Fremont Area Community Foundation aims to make a significant impact and bring about positive change.
Official website here: www.facommunityfoundation.org
Who is the CEO of Fremont Area Community Foundation?
Unavailable The CEO's salary of Fremont Area Community Foundation is $194,967 and their total compensation is $226,224.
Official website here: www.facommunityfoundation.org
What is the revenue of Fremont Area Community Foundation?
Fremont Area Community Foundation's revenue in 2022 was $14,536,377.
Official website here: www.facommunityfoundation.org
Who are the executives of Fremont Area Community Foundation and what are their salaries?
The average compensation at Fremont Area Community Foundation during 2022 was $60,200. There are 27 employees and 200 volunteers at Fremont Area Community Foundation.
Here are 22 key members and their salaries (Fremont Area Community Foundation's CEO's salary is $194,967 and their total compensation is $226,224):
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- Compensation: $139,269
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- Compensation: $194,967
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- Other: $31,257
- Compensation: $113,961
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- Other: $31,909
- Compensation: $86,801
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- Other: $20,407
- Compensation: $80,994
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- Other: $26,661
Official website here: www.facommunityfoundation.org
Where can I find the form 990 for Fremont Area Community Foundation?
Fremont Area Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.facommunityfoundation.org
Learn more at the official website: www.facommunityfoundation.org
Mission Statement of Fremont Area Community Foundation
The Fremont Area Community Foundation, a renowned grantmaking organization, is dedicated to enriching the lives of all people in Newaygo County and surrounding communities. Through its charitable initiatives, the Foundation distributes funds received solely for philanthropic purposes to nonprofit organizations that offer services benefiting the residents of Newaygo County, Michigan, and the western Michigan region.
The Foundation's mission is multi-faceted, focusing on enhancing the overall quality of life for people in various sectors. Its grants support charitable causes across numerous areas, including health, education, community development, and services for vulnerable populations. By investing in these sectors, the Fremont Area Community Foundation plays a pivotal role in fostering positive change and growth within the community.
The Foundation's grantmaking process is community-responsive, ensuring that the needs of Newaygo County and its surrounding areas are at the forefront of its decision-making. By partnering with local nonprofits, the Foundation empowers these organizations to make a difference in the lives of the people they serve. With a commitment to improving the lives of those in need, the Fremont Area Community Foundation continues to be a beacon of hope and progress in Newaygo County and the surrounding communities.
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Impact
October, 2024
The Fremont Area Community Foundation significantly enhances the quality of life for residents in Newaygo County and surrounding communities. By administering and distributing funds specifically for charitable purposes, it plays a crucial role in community responsive grantmaking. The foundation provides essential support to local organizations that address a diverse range of needs including health, education, community development, and services for vulnerable populations. This targeted funding not only helps improve individual lives but also fosters the overall well-being and resilience of the community. Through its efforts, the foundation helps create stronger, more dynamic neighborhoods, ensuring that all residents have access to vital resources and opportunities for growth.
This information is meant to be a general summary of Fremont Area 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: $12,718,637
- Program Service Revenue: $199,325
- Gross Receipts: $24,728,130
Assets and Liabilities:
- Total Assets: $241,936,076
- Total Liabilities: $6,381,043
- Net Assets: $235,555,033
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE SUPPORT
Revenue
$169,372
PROGRAM RELATED INVESTMENTS
Revenue
$14,493
NC3 MEMBERSHIP DUES/TRAININGS
Revenue
$15,460
Organization Details
Founding Year
1951
Phone
(231) 924-5350Main Address
4424 WEST 48TH STREET, FREMONT, MI, 494128721
NTEE Category
Code: T310 - Philanthropy
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