Overview
What is Petoskey-Harbor Springs Area Community Foundation?
The Petoskey-Harbor Springs Area Community Foundation is a charitable organization situated in Petoskey, Michigan, with a focus on making grants to enhance and enrich life in Emmet County. Established by various individuals, families, and organizations, it serves as a lasting legacy by carrying out charitable works. The foundation supports a wide range of causes, including arts and culture, education, environment, community and economic development, health, human services, recreation, historic preservation, and youth development. Through its various committees, it awarded 972 grants to different organizations within these fields during a specific period. The foundation's mission is to improve the quality of life for all people in Emmet County by connecting donors with community needs, fostering a permanent source of charitable funds, addressing various community issues through grantmaking, and championing philanthropy. With a team of six dedicated employees, the Petoskey-Harbor Springs Area Community Foundation continues to make a significant impact in the local community.
Official website here: www.phsacf.org
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 100% (Four-Star out of Four Stars )**ar rating)**
The Petoskey-Harbor Springs Area Community Foundation has achieved an exemplary 100% rating on Charity Navigator, reflecting its strong accountability and financial health. This rating indicates the organization is committed to good governance practices, evidenced by its fully independent board and proper oversight measures. The foundation also showcases impressive financial ratios, including a high program expense ratio and low fundraising costs, which suggest effective use of resources.
Despite its strong financial standing, the foundation currently lacks evaluations in areas such as Impact & Measurement, Culture & Community, and Leadership & Adaptability. While this gap doesn't detract from its financial performance, it does leave some uncertainty regarding its overall effectiveness and long-term impact in the community it serves.
User reviews from GreatNonprofits are not available at this time, limiting insights from direct experiences with the organization. Overall, the foundation appears to be well-managed with a solid financial structure, although potential donors may wish to seek more information regarding its community impact initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Petoskey-Harbor Springs Area Community Foundation legitimate?
Petoskey-Harbor Springs Area Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Petoskey-Harbor Springs 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: $126,151
Professional Fundraising Fees: $0
Other Salaries and Wages: $273,784
For more financial information, click here
Official website here: www.phsacf.org
What is the mission statement of Petoskey-Harbor Springs Area Community Foundation?
The Petoskey-Harbor Springs Area Community Foundation aims to improve the quality of life for all individuals in a specific county by connecting donors with community needs, establishing a permanent source of charitable funds, addressing a broad range of community issues through grantmaking, and promoting philanthropy. The foundation makes charitable grants to various organizations in various sectors such as arts and culture, education, environment, community and economic development, health, human services, recreation, historic preservation, and youth development. The grant recommendations are reviewed and approved by the foundation's board of directors. Additionally, donor-advised funds, unrestricted funds, and other field-of-interest funds recommend grants to organizations in corresponding fields. The scholarship committee also recommends scholarship awards to local students pursuing education beyond high school. In total, numerous grants are awarded from the foundation's funds to enhance and enrich life in the community.
Official website here: www.phsacf.org
Who is the CEO of Petoskey-Harbor Springs Area Community Foundation?
James Ford is the Principal Officer of Petoskey-Harbor Springs Area Community Foundation.
Official website here: www.phsacf.org
What is the revenue of Petoskey-Harbor Springs Area Community Foundation?
Petoskey-Harbor Springs Area Community Foundation's revenue in 2023 was $8,085,618.
Official website here: www.phsacf.org
Who are the executives of Petoskey-Harbor Springs Area Community Foundation and what are their salaries?
The average compensation at Petoskey-Harbor Springs Area Community Foundation during 2023 was $66,656. There are 6 employees and 75 volunteers at Petoskey-Harbor Springs Area Community Foundation.
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- Compensation: $113,687
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- Other: $9,070
Official website here: www.phsacf.org
Where can I find the form 990 for Petoskey-Harbor Springs Area Community Foundation?
Petoskey-Harbor Springs Area Community Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.phsacf.org
Learn more at the official website: www.phsacf.org
Mission Statement of Petoskey-Harbor Springs Area Community Foundation
The Petoskey-Harbor Springs Area Community Foundation is dedicated to enhancing the quality of life for all individuals in Emmet County. This nonprofit organization achieves this mission by bridging the gap between donors and community needs, establishing a permanent source of charitable funds, and addressing a diverse range of community issues through grantmaking. By supporting various 501(c)(3) and government organizations in areas such as arts and culture, education, environment, community and economic development, health, human services, recreation, historic preservation, and youth development, the Community Foundation contributes significantly to improving and enriching life in Emmet County.
The Community Foundation's board of directors reviews and approves all grant recommendations, ensuring that the funds are allocated to worthy causes. It also offers donor-advised funds, enabling individuals, families, and organizations to leave a lasting legacy by supporting the organizations they value. Furthermore, the Community Foundation has specialized committees, such as the Unrestricted Fund's Distribution Committee, the Youth Fund's Youth Advisory Committee, and the Advisory Committee for Field of Interest Funds, which recommend grants to organizations serving various communities, including seniors, children, housing, and the environment. Additionally, the Scholarship Committee recommends awards to local students pursuing higher education beyond high school, further investing in the future of Emmet County. In total, the Community Foundation awards numerous grants annually to enrich life in this region.
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Impact
July, 2024
The impact of Petoskey-Harbor Springs Area Community Foundation is significant and far-reaching. Through their diverse family of funds, the foundation has been able to support a wide range of charitable causes in Emmet County. Grants have been made in areas such as arts and culture, education, environment, community and economic development, health, human services, recreation, historic preservation, and youth development.
Notably, the foundation recommended a total of 972 grants to various organizations, benefiting the residents of Emmet County. These grants have helped to improve and enrich the lives of individuals and communities in the region. Additionally, the foundation's scholarship committee has awarded scholarships to local students pursuing education beyond high school, further investing in the future of the community.
Overall, the Petoskey-Harbor Springs Area Community Foundation's commitment to connecting donors with community needs, building charitable funds, addressing a broad range of issues through grantmaking, and promoting philanthropy has made a positive impact on the quality of life for all people in Emmet County.
This information is meant to be a general summary of Petoskey-Harbor Springs 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 2023.
- Investment Income: $1,552,739
- Gross Receipts: $10,637,865
Assets and Liabilities:
- Total Assets: $55,398,624
- Total Liabilities: $12,047,065
- Net Assets: $43,351,559
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Organization Details
Founding Year
1991
Phone
(231) 348-5820Principal Officer
James Ford
Main Address
1349 US-131 A, PETOSKEY, MI, 49770
Website
www.phsacf.orgNTEE Category
Code: T31 - Philanthropy
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