Overview
What is Community Foundation Of The Upper Peninsula?
The Community Foundation of the Upper Peninsula is a 501(c)(3) nonprofit organization situated in Escanaba, Michigan. With a team of 22 dedicated individuals, its primary mission is to manage charitable endowment funds for the betterment of the Upper Peninsula's residents. By providing administrative, communication, and other necessary support to affiliate members and other community foundations, they aim to strengthen the community's charitable sector. Additionally, this foundation grants funds to various other nonprofit organizations serving the Upper Peninsula of Michigan, as well as offering scholarships to local students.
Official website here: www.cfup.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 95% (Four-Star out of Four Star rating)
The Community Foundation of the Upper Peninsula has earned a strong Four-Star rating from Charity Navigator, reflecting a high level of accountability and financial health. With a score of 95% overall, the organization demonstrates solid governance practices, including a fully independent board and comprehensive financial oversight. This level of transparency and adherence to best practices is crucial for donor trust and organizational integrity.
Strengths highlighted in the assessment include a high program expense ratio of 84.07%, indicating that a significant portion of funds is directed towards its mission rather than administrative costs. Additionally, the foundation exhibits excellent fundraising efficiency, with a minimal cost of $0.09 for every dollar raised. These metrics suggest that the organization is effective in mobilizing resources for community benefit.
On the downside, while there are no significant limitations noted in the data, ongoing vigilance in maintaining these high standards will be essential as the organization continues to grow. Overall, the Community Foundation of the Upper Peninsula stands out as a financially sound and accountable nonprofit, effectively serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of The Upper Peninsula legitimate?
Community Foundation Of The Upper Peninsula is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of The Upper Peninsula 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: $89,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $513,656
For more financial information, click here
Official website here: www.cfup.org
What is the mission statement of Community Foundation Of The Upper Peninsula?
The Community Foundation of the Upper Peninsula's mission is centered around receiving and managing charitable endowment funds for the benefit of the residents in Michigan's Upper Peninsula. Additionally, the foundation provides administrative, communication, and other forms of support to affiliate members and other community foundations. This organization also distributes direct grants to various purposes for 501(c)(3) organizations serving the Upper Peninsula of Michigan, and offers scholarships to students.
Official website here: www.cfup.org
Who is the CEO of Community Foundation Of The Upper Peninsula?
Will Carne Sr is the Co-Chair of Community Foundation Of The Upper Peninsula.
Official website here: www.cfup.org
What is the revenue of Community Foundation Of The Upper Peninsula?
Community Foundation Of The Upper Peninsula's revenue in 2022 was $5,653,064.
Official website here: www.cfup.org
Who are the executives of Community Foundation Of The Upper Peninsula and what are their salaries?
The average compensation at Community Foundation Of The Upper Peninsula during 2022 was $27,393. There are 22 employees and 75 volunteers at Community Foundation Of The Upper Peninsula.
Here are 18 key members and their salaries:
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Official website here: www.cfup.org
Where can I find the form 990 for Community Foundation Of The Upper Peninsula?
Community Foundation Of The Upper Peninsula's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfup.org
Learn more at the official website: www.cfup.org
Mission Statement of Community Foundation Of The Upper Peninsula
The Community Foundation of the Upper Peninsula, in its mission, focuses on receiving and managing charitable endowment funds with the objective of benefiting the residents of Michigan's Upper Peninsula. This nonprofit organization serves as a vital support system, providing administrative, communicative, and other necessary assistance to affiliate members and other community foundations. By doing so, it contributes to the overall wellbeing and development of the region. In addition to this, the Community Foundation of the Upper Peninsula grants funds to various purposes for 501(c)(3) organizations operating within the Upper Peninsula of Michigan. Furthermore, the organization offers scholarships to students, contributing to their educational pursuits and future growth.
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Impact
July, 2024
The Community Foundation of the Upper Peninsula plays a significant role in supporting the residents of the Upper Peninsula of Michigan. Through its work in receiving and administering charitable endowment funds, the foundation provides direct grants to various 501(c)(3) organizations serving the region. Additionally, the foundation offers scholarships to students, further enhancing educational opportunities in the community. By providing administrative, communication, and other support to affiliate members and community foundations, the Community Foundation of the Upper Peninsula contributes to the overall well-being and development of the region.
This information is meant to be a general summary of Community Foundation Of The Upper Peninsula. 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: $2,280,633
- Program Service Revenue: $654,023
- Gross Receipts: $11,537,749
Assets and Liabilities:
- Total Assets: $42,184,299
- Total Liabilities: $2,796,922
- Net Assets: $39,387,377
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEE INCOME
Revenue
$654,023
Organization Details
Founding Year
1994
Phone
(906) 786-6654Principal Officer
Will Carne Sr
Main Address
2420 1ST AVENUE SOUTH, ESCANABA, MI, 49829
Website
www.cfup.orgNTEE Category
Code: T31 - Philanthropy
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