Overview
What is The Frankenmuth Community Foundation Inc?
The Frankenmuth Community Foundation Inc is a nonprofit organization situated in Frankenmuth, Michigan. Their primary mission is to support and strengthen various sectors within the community, including recreation, education, leadership, economic growth, and community good. They achieve this goal by funding projects and activities that foster the development of Frankenmuth. The foundation serves as a reliable platform for planned philanthropic efforts, aiming to honor the past, focus on the present, and plan for the future. By doing so, they contribute to the betterment of their community.
Official website here: www.frankenmuthfoundation.org
What are the reviews and ratings of this charity?
97% rating from Charity Navigator.
The Frankenmuth Community Foundation Inc has achieved a Four-Star out of Four Star rating, reflecting a strong emphasis on accountability and finance. The foundation's excellent score is entirely based on its financial management practices, demonstrating a high level of transparency and responsible governance. With 100% of its board members being independent, the organization shows a commitment to impartial oversight.
Strengths include impressive financial ratios, such as a program expense ratio of 79.56% and a fundraising efficiency ratio of just $0.02, indicating that the foundation effectively allocates resources toward its mission while keeping fundraising costs low. Additional policies, such as conflict of interest and whistleblower protections, are in place, enhancing the organization's credibility and trustworthiness.
There are no notable limitations reported in the data. Overall, the Frankenmuth Community Foundation Inc stands out for its robust financial health and governance practices, making it a reliable choice for donors looking to support a well-managed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is The Frankenmuth Community Foundation Inc legitimate?
The Frankenmuth Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Frankenmuth Community Foundation Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.frankenmuthfoundation.org
What is the mission statement of The Frankenmuth Community Foundation Inc?
The Frankenmuth Community Foundation Inc's mission is centered around honoring the past, focusing on the present, and planning for the future. They aim to achieve this by serving as a reliable and effective vehicle for planned giving philanthropic efforts. The foundation supports groups and organizations working to enhance and strengthen various sectors, including recreation, education, leadership, economic growth, and community good. They accomplish this through projects and activities that contribute to the development of the community.
Official website here: www.frankenmuthfoundation.org
Who is the CEO of The Frankenmuth Community Foundation Inc?
Jonathon Webb is the Executive Di of The Frankenmuth Community Foundation Inc.
Official website here: www.frankenmuthfoundation.org
What is the revenue of The Frankenmuth Community Foundation Inc?
The Frankenmuth Community Foundation Inc's revenue in 2022 was $2,797,287.
Official website here: www.frankenmuthfoundation.org
Who are the executives of The Frankenmuth Community Foundation Inc and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $38,146
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Official website here: www.frankenmuthfoundation.org
Where can I find the form 990 for The Frankenmuth Community Foundation Inc?
The Frankenmuth Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.frankenmuthfoundation.org
Learn more at the official website: www.frankenmuthfoundation.org
Mission Statement of The Frankenmuth Community Foundation Inc
The Frankenmuth Community Foundation Inc is dedicated to honoring the past, focusing on the present, and planning for the future. They achieve this by serving as a reliable and effective vehicle for planned giving philanthropic efforts. The organization's mission is to support groups and organizations working to improve and strengthen various aspects of their community. This includes recreation, education, leadership, economic growth, and community good. The Frankenmuth Community Foundation Inc accomplishes this by funding projects and activities that contribute to the development of the community. By doing so, they aim to make a positive impact on the community and ensure its continued growth and success.
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Impact
July, 2024
The Frankenmuth Community Foundation Inc makes a significant impact in Frankenmuth by directing support to groups and organizations that work to improve and strengthen key areas such as recreation, education, leadership, economic growth, and community well-being. Through its projects and activities, the foundation supports the development of the Frankenmuth community, fostering a vibrant and thriving environment for residents. By being a reliable vehicle for planned-giving philanthropic efforts, the foundation honors the past, focuses on the present, and strategically plans for the future of Frankenmuth.
This information is meant to be a general summary of The Frankenmuth Community Foundation Inc. 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: $548,855
- Gross Receipts: $9,272,823
Assets and Liabilities:
- Total Assets: $15,914,993
- Total Liabilities: $729,200
- Net Assets: $15,185,793
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Organization Details
Founding Year
1978
Phone
(989) 652-3476Principal Officer
Jonathon Webb
Main Address
PO BOX 386, FRANKENMUTH, MI, 48734
NTEE Category
Code: T31Z - Philanthropy
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