Overview
What is Community Foundation Of Greater Rochester?
The Community Foundation of Greater Rochester is a nonprofit organization situated in Rochester, Michigan. With a focus on philanthropy, its primary mission is to enhance the overall quality of life for locals who reside, work, and engage in the broader Rochester area. To achieve this goal, the foundation aims to establish a perpetual endowment by utilizing charitable contributions. This endowment is then utilized to support various initiatives that promote community development and wellbeing in the Greater Rochester area, thereby contributing to its long-term growth and prosperity. The organization is staffed by a modest team of two individuals, demonstrating its commitment to effective and targeted philanthropic efforts.
Official website here: www.cfound.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% - Four-Star out of Four Star Rating
The Community Foundation of Greater Rochester has achieved a perfect 100% rating, indicating exceptional performance in accountability and finance. This high score is solely based on their exemplary practices and governance, reflecting a strong commitment to transparency and responsible management of funds. The organization boasts an independent board comprised entirely of independent members, which contributes to its governance integrity.
Strengths include a notable program expense ratio of 93.75%, demonstrating that the majority of its funds are directed towards mission-related activities. Additionally, the organization has an impressive fundraising efficiency ratio, with only $0.01 spent to raise each dollar, indicating effective fundraising practices. The foundation has also established robust policies for conflict of interest, whistleblower protection, and document retention, ensuring ethical operations.
While the organization shows no material diversion of assets and has a low liabilities to assets ratio, maintaining overall financial health, there are no significant limitations noted in the available data. The Community Foundation of Greater Rochester stands out as a highly reputable nonprofit with a strong track record in accountability and financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of Greater Rochester legitimate?
Community Foundation Of Greater Rochester is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of Greater Rochester 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: $85,592
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,613
For more financial information, click here
Official website here: www.cfound.org
What is the mission statement of Community Foundation Of Greater Rochester?
The Community Foundation of Greater Rochester aims to enhance the quality of life for individuals residing, working, and engaging in the greater Rochester area. They accomplish this objective by establishing a lasting endowment through philanthropy. This endeavor is centered around building a permanent source of funds, which in turn supports various initiatives and projects that contribute to the betterment of the community.
Official website here: www.cfound.org
Who is the CEO of Community Foundation Of Greater Rochester?
Johanna H Allen is the President of Community Foundation Of Greater Rochester.
Official website here: www.cfound.org
What is the revenue of Community Foundation Of Greater Rochester?
Community Foundation Of Greater Rochester's revenue in 2022 was $3,452,995.
Official website here: www.cfound.org
Who are the executives of Community Foundation Of Greater Rochester and what are their salaries?
The average compensation at Community Foundation Of Greater Rochester during 2022 was $47,102. There are 2 employees and 100 volunteers at Community Foundation Of Greater Rochester.
Here are 13 key members and their salaries:
- Compensation: $75,705
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- Other: $9,887
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Official website here: www.cfound.org
Where can I find the form 990 for Community Foundation Of Greater Rochester?
Community Foundation Of Greater Rochester's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfound.org
Learn more at the official website: www.cfound.org
Mission Statement of Community Foundation Of Greater Rochester
The Community Foundation of Greater Rochester, in its mission, aims to improve the lives of individuals residing, working, and enjoying leisure activities within the greater Rochester area. To achieve this goal, the organization focuses on building a lasting endowment through philanthropy. By doing so, the Community Foundation of Greater Rochester seeks to enhance the overall quality of life for its community members, fostering a more prosperous and fulfilling environment for all.
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Impact
July, 2024
The Community Foundation Of Greater Rochester has a significant impact on the quality of life for people in the Greater Rochester area. Through their focus on building a permanent endowment through philanthropy, the organization actively works to enhance the well-being of the community. Their efforts contribute to the betterment of the lives of those who live, work, and play in the region, making a lasting and positive difference.
This information is meant to be a general summary of Community Foundation Of Greater Rochester. 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: $161,800
- Gross Receipts: $8,733,485
Assets and Liabilities:
- Total Assets: $13,623,202
- Total Liabilities: $20,500
- Net Assets: $13,602,702
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Organization Details
Founding Year
1983
Phone
(248) 608-2804Principal Officer
Johanna H Allen
Main Address
PO BOX 80431, ROCHESTER, MI, 48307
Website
www.cfound.orgNTEE Category
Code: T310 - Philanthropy
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