Overview
What is Otsego Community Foundation?
The Otsego Community Foundation is a nonprofit organization situated in Gaylord, Michigan. Its primary focus is to facilitate local philanthropy by collaborating with donors who wish to contribute to their community. The foundation assists these donors in identifying compatible projects and programs, subsequently distributing funds accordingly. As per the provided data, they have granted a total of 133 awards from 24 donor-advised funds. Their mission is to stimulate generosity, strengthening the community through endowment building, grant awarding, and convening community leaders. With a small team of four employees, the Otsego Community Foundation actively works towards enhancing their local area.
Official website here: www.otsegofoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Otsego Community Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 97% in this category, the foundation demonstrates a high level of transparency and governance, including a fully independent board and rigorous financial oversight. These factors contribute to a robust organizational structure that supports its mission effectively.
Strengths noted in user feedback include the foundation's excellent program expense ratio of 82.36%, indicating that a significant portion of its budget is directed towards programs rather than administrative costs. Additionally, the foundation has shown exceptional fundraising efficiency, raising substantial funds with minimal expenditure, which further underscores its operational effectiveness. The high scores in culture and community also suggest that the foundation prioritizes stakeholder engagement and values feedback from its constituents.
While the data reflects a highly effective organization, it is important for potential donors and stakeholders to remain informed about ongoing challenges and the foundation's strategies to address them. Overall, the Otsego Community Foundation appears to be a well-managed nonprofit dedicated to its community, with strong fiscal practices and a commitment to transparency.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Otsego Community Foundation?
100% of 17 reviewers on Facebook recommend the Otsego Community Foundation. Here is a summary of their insights:
The feedback reflects a strong appreciation for the impactful work the foundation is doing in the community. Many reviewers highlight how the organization positively influences various charitable groups through funding and resources, enabling them to build endowments and secure grants. Reviewers express pride in being associated with the board and commend the dedication of the executive team and community leaders involved.
Overall, the sentiment is overwhelmingly positive, with supporters recognizing the foundation's efforts to enhance charitable initiatives throughout the area. The community clearly values the contributions made by the Otsego Community Foundation and the difference it makes in local philanthropy.
This AI summary has been generated from reviews found on Facebook.
Is Otsego Community Foundation legitimate?
Otsego Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Otsego 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: $57,403
Professional Fundraising Fees: $0
Other Salaries and Wages: $92,631
For more financial information, click here
Official website here: www.otsegofoundation.org
What is the mission statement of Otsego Community Foundation?
The Otsego Community Foundation's mission is centered around activating generosity to strengthen the community. They achieve this by building endowments, grant-making, and convening community leaders. This is done by working with donors who are interested in local philanthropy, helping them identify projects and programs that align with their objectives, and distributing grants accordingly. As of the provided information, they have awarded 133 grants from 24 donor-advised funds.
Official website here: www.otsegofoundation.org
Who is the CEO of Otsego Community Foundation?
Dana Bensinger is the Director of Otsego Community Foundation.
Official website here: www.otsegofoundation.org
What is the revenue of Otsego Community Foundation?
Otsego Community Foundation's revenue in 2022 was $4,643,437.
Official website here: www.otsegofoundation.org
Who are the executives of Otsego Community Foundation and what are their salaries?
The average compensation at Otsego Community Foundation during 2022 was $37,508. There are 4 employees and 75 volunteers at Otsego Community Foundation.
Here are 13 key members and their salaries:
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Official website here: www.otsegofoundation.org
Where can I find the form 990 for Otsego Community Foundation?
Otsego Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.otsegofoundation.org
Learn more at the official website: www.otsegofoundation.org
Mission Statement of Otsego Community Foundation
The Otsego Community Foundation, a notable nonprofit organization, is dedicated to stimulating generosity for a robust community. They achieve this mission by advocating for the establishment of endowments, distributing grants, and convening community leaders. This three-pronged approach allows the foundation to support local projects and initiatives that align with the objectives of its donors, thereby fostering philanthropic engagement. As a testament to their commitment, the Otsego Community Foundation has awarded a total of 133 grants from 24 donor-advised funds.
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Impact
July, 2024
Otsego Community Foundation plays a significant role in activating generosity for a stronger community in the city of Gaylord, MI. By effectively managing donor-advised funds, the foundation enables individuals and organizations to engage in local philanthropy. Through the distribution of grants - with 133 grants awarded from 24 donor-advised funds - the foundation supports projects and programs that align with the donors' objectives. This impactful work helps build endowments, award grants, and convene leaders, all with the ultimate mission of strengthening and enhancing the local community.
This information is meant to be a general summary of Otsego 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: $371,730
- Program Service Revenue: $24,904
- Gross Receipts: $5,394,979
Assets and Liabilities:
- Total Assets: $9,479,509
- Total Liabilities: $1,210,532
- Net Assets: $8,268,977
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AGENCY FUND ADMINISTRA
Revenue
$24,904
Organization Details
Founding Year
1994
Phone
(989) 731-0597Principal Officer
Dana Bensinger
Main Address
PO BOX 344, GAYLORD, MI, 49734
Website
www.otsegofoundation.orgNTEE Category
Code: T31 - Philanthropy
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