Overview
What is Three Rivers Area Community Foundation?
Three Rivers Area Community Foundation is a nonprofit organization situated in Three Rivers, Michigan. Primarily serving the residents of St. Joseph County and the Southwest Michigan region, their main objective is to administer charitable contributions. During the fiscal year, they awarded scholarships and grants to local students and organizations, demonstrating their commitment to community development. The foundation's mission involves accepting contributions with the intention of utilizing them for charitable purposes, thereby contributing positively to the lives of people in the area.
Official website here: www.threeriversfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
The Three Rivers Area Community Foundation received a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial transparency. The overall score is based entirely on the Accountability & Finance beacon, which scored 92%. This rating indicates that the foundation effectively manages its resources, with a program expense ratio of 86.45%, suggesting a significant focus on programmatic rather than administrative spending.
The foundation has demonstrated excellent governance practices, with all board members being independent and a high level of oversight in financial statements, as evidenced by a full score for audit review. Additionally, there are no issues related to asset diversion. However, it should be noted that the foundation lacks a whistleblower policy and a document retention policy, which are areas for improvement in governance practices.
Overall, the Three Rivers Area Community Foundation shows strengths in strong financial health, governance, and transparency, making it a reliable choice for potential donors. Addressing the missing policies would further enhance its accountability framework and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Three Rivers Area Community Foundation legitimate?
Three Rivers Area Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Three Rivers 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: $22,917
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Other Salaries and Wages: $0
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Official website here: www.threeriversfoundation.com
What is the mission statement of Three Rivers Area Community Foundation?
The Three Rivers Area Community Foundation's primary mission is to collect and manage charitable contributions, primarily aimed at benefiting the residents of St. Joseph County and the southwest Michigan area. Their activities primarily involve distributing scholarships and grants to support various initiatives within this region. The foundation's purpose is to contribute to the betterment of the local community by addressing its charitable needs. They strive to make a positive impact in their designated area, focusing on the well-being and development of its residents.
Official website here: www.threeriversfoundation.com
Who is the CEO of Three Rivers Area Community Foundation?
Christy Trammell is the President of Three Rivers Area Community Foundation.
Official website here: www.threeriversfoundation.com
What is the revenue of Three Rivers Area Community Foundation?
Three Rivers Area Community Foundation's revenue in 2022 was $623,821.
Official website here: www.threeriversfoundation.com
Who are the executives of Three Rivers Area Community Foundation and what are their salaries?
Here are 14 key members and their salaries:
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Official website here: www.threeriversfoundation.com
Where can I find the form 990 for Three Rivers Area Community Foundation?
Three Rivers Area Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.threeriversfoundation.com
Learn more at the official website: www.threeriversfoundation.com
Mission Statement of Three Rivers Area Community Foundation
Three Rivers Area Community Foundation, as a charitable organization, is dedicated to accepting and managing contributions primarily for the benefit of residents in St. Joseph County and the Southwest Michigan area. Their mission is centered around administering these funds exclusively for charitable purposes, aiming to make a positive impact in the community they serve. Throughout the fiscal year, the foundation has shown its commitment to this mission by awarding scholarships and grants to students and organizations within the region. By doing so, Three Rivers Area Community Foundation works towards enhancing the lives of those residing in the area, thereby fulfilling its charitable purpose.
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Impact
July, 2024
The Three Rivers Area Community Foundation's impact can be seen through the multiple scholarships and grants that were awarded to students and organizations in St. Joseph County and the Southwest Michigan region. This support directly benefits residents in these areas, contributing to their education and overall well-being.
This information is meant to be a general summary of Three Rivers 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: $193,913
- Program Service Revenue: $53,295
- Gross Receipts: $2,069,339
Assets and Liabilities:
- Total Assets: $4,535,068
- Total Liabilities: $429,112
- Net Assets: $4,105,956
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMIN FEE REVENUE
Revenue
$53,295
Organization Details
Founding Year
1974
Phone
(269) 273-1632Principal Officer
Christy Trammell
Main Address
PO BOX 453, THREE RIVERS, MI, 49093
NTEE Category
Code: P20 - Human services
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