Overview
What is Michigan Gateway Community Foundation?
Michigan Gateway Community Foundation is a tax-exempt, nonprofit organization located in Buchanan, Michigan. Their primary mission is to benefit the communities of South Berrien and Cass County by administering funds for scientific, educational, and charitable purposes. They achieve this by offering scholarships to local college students and grants to various educational, community, and charitable organizations. The foundation, with a staff of four, contributes to community preservation by supporting initiatives that promote growth and development.
Official website here: www.mgcf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating)
The Michigan Gateway Community Foundation has received a strong Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The overall score reflects a perfect Accountability & Finance score of 92%, which is significant as it highlights the organization's commitment to transparency and responsible management of resources.
Key strengths include a majority of independent board members and a well-maintained audit and oversight committee, both scoring exceptionally high in their respective categories. The foundation also demonstrates a strong program expense ratio, with nearly 87% of its expenditures directed toward programs, showcasing its dedication to fulfilling its mission effectively.
However, there are a couple of areas for improvement. The foundation lacks a whistleblower policy and a document retention and destruction policy, which are important for governance and risk management. Addressing these gaps could enhance its already strong accountability framework and further bolster donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Michigan Gateway Community Foundation legitimate?
Michigan Gateway Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Michigan Gateway 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: $81,545
Professional Fundraising Fees: $0
Other Salaries and Wages: $95,824
For more financial information, click here
Official website here: www.mgcf.org
What is the mission statement of Michigan Gateway Community Foundation?
The Michigan Gateway Community Foundation serves as a tax-exempt, nonprofit organization in Michigan, dedicated to collecting and managing funds for charitable, educational, and scientific purposes. Its mission is to benefit the communities of South Berrien and Cass County in Michigan. The foundation achieves this by providing scholarships to local college students and granting funds to various educational, community, and charitable organizations. While specific organizations receiving grants are listed elsewhere, the general intention is to invest in initiatives that improve the wellbeing of the community.
Official website here: www.mgcf.org
Who is the CEO of Michigan Gateway Community Foundation?
Michael Rowland is the President An of Michigan Gateway Community Foundation.
Official website here: www.mgcf.org
What is the revenue of Michigan Gateway Community Foundation?
Michigan Gateway Community Foundation's revenue in 2022 was $2,102,219.
Official website here: www.mgcf.org
Who are the executives of Michigan Gateway Community Foundation and what are their salaries?
The average compensation at Michigan Gateway Community Foundation during 2022 was $44,342. There are 4 employees and 12 volunteers at Michigan Gateway Community Foundation.
Here are 13 key members and their salaries:
- Compensation: $76,688
- Related: $0
- Other: $4,857
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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
- Compensation: $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
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mgcf.org
Where can I find the form 990 for Michigan Gateway Community Foundation?
Michigan Gateway Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mgcf.org
Learn more at the official website: www.mgcf.org
Mission Statement of Michigan Gateway Community Foundation
Michigan Gateway Community Foundation, established as a tax-exempt, nonprofit organization, is dedicated to serving the communities of South Berrien and Cass County in Michigan. Its primary mission is to collect and manage funds for charitable, educational, and scientific purposes. The foundation aims to benefit these communities by issuing scholarships to local college students and providing grants to various educational, community, and charitable organizations. Although the specific organizations they support are not detailed in the provided information, it's clear that Michigan Gateway Community Foundation is committed to uplifting its communities through educational opportunities and charitable contributions.
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Impact
July, 2024
Michigan Gateway Community Foundation's impact can be seen in the community preservation efforts through scholarships provided to local college students and grants allocated to various educational, community, and charitable organizations in South Berrien and Cass County, Michigan. This support enables individuals to pursue higher education, fosters the growth and development of community programs, and contributes to the overall well-being of the region. By channeling resources towards scientific, educational, and charitable initiatives, the foundation plays a vital role in enhancing the quality of life for residents and promoting positive change in the area.
This information is meant to be a general summary of Michigan Gateway 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: $1,439,281
- Program Service Revenue: $392,607
- Gross Receipts: $2,102,219
Assets and Liabilities:
- Total Assets: $26,814,811
- Total Liabilities: $1,506,357
- Net Assets: $25,308,454
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$355,740
INTERFUND & GRANT REFUNDS
Revenue
$31,367
SPRECIAL PROJECT
Revenue
$5,500
Organization Details
Founding Year
1977
Phone
(269) 695-3521Principal Officer
Michael Rowland
Main Address
111 DAYS AVENUE, BUCHANAN, MI, 49107
Website
www.mgcf.orgNTEE Category
Code: T31 - Philanthropy
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