Overview
What is Community Foundation Of Marquette County?
The Community Foundation of Marquette County is a local nonprofit organization situated in Marquette, Michigan. With a mission to enrich the lives of its residents, the foundation fulfills this purpose by connecting donors with community needs, fostering permanent charitable funds, distributing scholarships and grants, and actively participating in community development initiatives. Their work spans various sectors, including health, arts, activities, economic development, and capital projects, addressing a wide range of community requirements. With a team of six dedicated individuals, the Community Foundation of Marquette County serves as a vital resource and catalyst for positive change in the region.
Official website here: www.cfofmc.org/
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100% (Four-Star out of Four Star rating)
The Community Foundation of Marquette County has achieved a Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization scored 100% in this category, indicating robust financial practices and transparency. The charity boasts a majority of independent board members and has implemented comprehensive policies regarding conflict of interest, whistleblowing, and document retention, highlighting its dedication to ethical governance.
Financially, the foundation shows impressive metrics, such as a program expense ratio of 85.30%, which signifies that a large portion of its funding directly supports its programs. Additionally, the organization maintains a low fundraising efficiency ratio, costing only $0.05 to raise a dollar, demonstrating effective resource management. Its liabilities to assets ratio of 0.20% further underscores fiscal health, suggesting that the foundation operates with a strong balance sheet.
While the rating indicates a well-managed organization, potential donors and stakeholders should remain aware of the importance of ongoing evaluation and assessment of nonprofit effectiveness over time. Overall, the Community Foundation of Marquette County presents itself as a reliable choice for those looking to support a fiscally responsible and transparent charitable organization.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of Marquette County legitimate?
Community Foundation Of Marquette County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of Marquette County 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: $69,232
Professional Fundraising Fees: $0
Other Salaries and Wages: $127,455
For more financial information, click here
Official website here: www.cfofmc.org/
What is the mission statement of Community Foundation Of Marquette County?
The Community Foundation of Marquette County's mission is centered around enriching the lives of people across various sectors. It achieves this by connecting donors with community needs, establishing permanent funds for charitable giving, distributing scholarships and grants, and leading and collaborating to address community opportunities. The foundation's activities extend to various sectors such as health, arts, activities, economic development, and capital, with grants awarded to meet these diverse needs.
Official website here: www.cfofmc.org/
Who is the CEO of Community Foundation Of Marquette County?
John Lenten is the Chair of Community Foundation Of Marquette County. The CEO's salary of Community Foundation Of Marquette County is $71,831 and their total compensation is $73,986.
Official website here: www.cfofmc.org/
What is the revenue of Community Foundation Of Marquette County?
Community Foundation Of Marquette County's revenue in 2022 was $2,994,805.
Official website here: www.cfofmc.org/
Who are the executives of Community Foundation Of Marquette County and what are their salaries?
The average compensation at Community Foundation Of Marquette County during 2022 was $32,781. There are 6 employees and 75 volunteers at Community Foundation Of Marquette County.
Here are 17 key members and their salaries (Community Foundation Of Marquette County's CEO's salary is $71,831 and their total compensation is $73,986):
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- Compensation: $71,831
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Official website here: www.cfofmc.org/
Where can I find the form 990 for Community Foundation Of Marquette County?
Community Foundation Of Marquette County's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfofmc.org/
Learn more at the official website: www.cfofmc.org/
Mission Statement of Community Foundation Of Marquette County
The Community Foundation of Marquette County is dedicated to enriching the lives of all individuals residing in Marquette County. This nonprofit organization achieves its mission by connecting donors with community needs, establishing permanent funds for charitable giving, distributing scholarships and grants, and leading or collaborating to address various community opportunities.
In essence, the Community Foundation of Marquette County serves as a bridge between generous donors and pressing community issues. It builds endowments that support a wide range of charitable causes, ensuring that the funds are available to address the needs of Marquette County residents now and in the future. The organization also awards scholarships and grants to individuals and organizations seeking to make a positive impact in the community.
Moreover, the Community Foundation of Marquette County plays a proactive role in addressing community opportunities. By leading and collaborating with other organizations, the foundation is able to address complex issues that require a collective effort to solve. This approach allows the foundation to have a significant and lasting impact on the lives of Marquette County residents. The grants awarded by the Community Foundation of Marquette County cater to a variety of needs across the county, including those related to health, arts, activities, economic development, and capital projects.
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Impact
July, 2024
The Community Foundation Of Marquette County's impact can be seen through its mission to enrich the lives of all people in Marquette County. By connecting donors with community needs, building permanent funds for charitable giving, distributing scholarships and grants, and leading and collaborating to address community opportunities, the foundation plays a crucial role in supporting various needs across the county.
Grants awarded by the foundation cover a wide range of areas such as health, arts, activities, economic development, and capital, making a significant impact on the well-being and growth of the community. Through its philanthropic efforts, the Community Foundation Of Marquette County positively influences the lives of individuals and contributes to the overall development of the region.
This information is meant to be a general summary of Community Foundation Of Marquette County. 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: $302,740
- Program Service Revenue: $20,000
- Gross Receipts: $8,921,489
Assets and Liabilities:
- Total Assets: $22,525,710
- Total Liabilities: $46,719
- Net Assets: $22,478,991
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CEMP FEE
Revenue
$20,000
Organization Details
Founding Year
1988
Phone
(906) 226-7666Principal Officer
John Lenten
Main Address
228 W WASHINGTON ST SUITE 6, MARQUETTE, MI, 49855
Website
www.cfofmc.org/NTEE Category
Code: T31Z - Philanthropy
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