Overview
What is Midland Area Community Foundation?
Midland Area Community Foundation, based in Midland, Michigan, is a philanthropic organization with a mission to strengthen the local community by fostering collaboration and giving. Established in 1973, the foundation serves as a catalyst for change by providing grants, scholarships, and investment opportunities. With 13 employees, it plays a crucial role in creating and sustaining competitive advantages for existing and future businesses through physical and technological infrastructure. By awarding grants, scholarships, and offering investment opportunities, Midland Area Community Foundation empowers individuals and families to contribute to the community's development. The foundation's leadership role extends to community dialogue and action on critical issues.
Official website here: www.midlandfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star Rating.
The Midland Area Community Foundation has achieved a perfect score of 100%, reflecting its strong performance in accountability and finance. This high rating indicates that the organization adheres to best practices and demonstrates transparency in its operations, which is crucial for building trust with donors and the community it serves.
The foundation's Board of Directors is entirely independent, comprising 15 members, which enhances its governance and decision-making processes. Furthermore, the organization excels in financial management, with no reported material diversion of assets and an impressive program expense ratio of 88.60%. This suggests that a significant portion of its funding is directed towards its charitable programs rather than administrative costs.
While the data highlights many strengths, it does not point out any specific limitations or challenges currently faced by the organization. Overall, the Midland Area Community Foundation appears to be a well-managed nonprofit with a strong commitment to its mission and responsible stewardship of its resources.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Midland Area Community Foundation?
100% of reviewers on Facebook recommend the Midland Area Community Foundation. Here is a summary of their reviews:
The community expresses strong support for MACF, highlighting its inspirational role in promoting philanthropy within Midland. Many praise the foundation for its impactful initiatives that advance community development and foster a spirit of generosity among its members.
Overall, the organization appears to be making a significant positive difference, with users appreciating the dedication and effectiveness of the people involved in MACF's projects. The overwhelming recommendation indicates that it successfully fulfills its mission of driving good in the area.
This AI summary has been generated from reviews found on Facebook.
Is Midland Area Community Foundation legitimate?
Midland Area Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midland 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: $309,550
Professional Fundraising Fees: $0
Other Salaries and Wages: $523,122
For more financial information, click here
Official website here: www.midlandfoundation.org
What is the mission statement of Midland Area Community Foundation?
The Midland Area Community Foundation functions as a philanthropic leader within the community. Its mission is to foster collaboration and encourage giving, both present and future, to strengthen the community. Established in 1973, the foundation provides a platform for individuals and organizations to bring about change through their philanthropic contributions. It grants scholarships and awards, offers opportunities for community investment, and acts as a catalyst for dialogue and action on pressing community issues. The foundation's efforts have enabled numerous transformations within the community.
Official website here: www.midlandfoundation.org
Who is the CEO of Midland Area Community Foundation?
Sharon Mortensen is the President/Ce of Midland Area Community Foundation.
Official website here: www.midlandfoundation.org
What is the revenue of Midland Area Community Foundation?
Midland Area Community Foundation's revenue in 2022 was $16,911,059.
Official website here: www.midlandfoundation.org
Who are the executives of Midland Area Community Foundation and what are their salaries?
The average compensation at Midland Area Community Foundation during 2022 was $64,052. There are 13 employees and 750 volunteers at Midland Area Community Foundation.
Here are 19 key members and their salaries:
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- Other: $22,405
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Official website here: www.midlandfoundation.org
Where can I find the form 990 for Midland Area Community Foundation?
Midland Area Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.midlandfoundation.org
Learn more at the official website: www.midlandfoundation.org
Mission Statement of Midland Area Community Foundation
Midland Area Community Foundation, a philanthropic organization established in 1973, embraces a mission to provide leadership and foster collaboration within the community. By encouraging giving both today and in the future, MACF serves as a catalyst for positive change.
In simple terms, MACF acts as a bridge between individuals and organizations, enabling them to collectively impact their community through philanthropic means. The foundation grants scholarships and awards, while also offering opportunities for investments in the community. Furthermore, MACF takes a proactive role in initiating community dialogue and collaborative action on crucial issues.
MACF's efforts extend beyond financial contributions. By granting funds, the foundation empowers various initiatives and projects that contribute to the betterment of the community. Additionally, MACF creates opportunities for individuals and families to make an enduring impact on the community by investing their resources.
MACF's role extends beyond a mere grant-making organization. It leads community conversations and takes action on pressing issues, bringing together key stakeholders to collaboratively tackle challenges and create lasting solutions. This approach sets MACF apart as a vital force driving positive change within the community.
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Impact
October, 2024
The Midland Area Community Foundation plays a pivotal role in transforming the Midland community through strategic philanthropic initiatives and collaborative efforts. Since its inception in 1973, the foundation has provided a platform for individuals and organizations to engage in meaningful giving, enabling impactful changes across various sectors.
By awarding grants and scholarships, the foundation not only enhances educational opportunities but also supports community development projects that drive economic growth. Its focus on building infrastructure and fostering competitive advantages is crucial for sustaining existing businesses and attracting new ones, directly contributing to the prosperity of the local economy.
The foundation also serves as a catalyst for dialogue and action on pressing community issues, encouraging collaboration among residents and stakeholders. This leadership in philanthropy strengthens community ties and ensures that collective resources are effectively utilized for the greater good, ultimately fostering a vibrant and resilient community in Midland, Michigan.
This information is meant to be a general summary of Midland 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: $6,839,080
- Gross Receipts: $22,603,430
Assets and Liabilities:
- Total Assets: $114,895,702
- Total Liabilities: $2,992,449
- Net Assets: $111,903,253
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Organization Details
Founding Year
1973
Phone
(989) 839-9661Principal Officer
Sharon Mortensen
Main Address
76 ASHMAN CIRCLE, MIDLAND, MI, 48640
Website
www.midlandfoundation.orgNTEE Category
Code: T310 - Philanthropy
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