Overview
What is Sturgis Area Community Foundation?
Sturgis Area Community Foundation is a nonprofit organization based in Sturgis, Michigan. Established with a mission to promote the use of pooled funds for charitable, benevolent, industrial development, and educational purposes, the foundation aims to cater to the evolving needs of the local community. It allows individuals of all backgrounds to contribute to these causes, acting as a bridge between community needs and philanthropic efforts. A key aspect of its mission is providing scholarships to high school and college students in the area, thereby fostering education and personal growth within the community. With a small team of three dedicated individuals, the Sturgis Area Community Foundation plays a significant role in shaping the community's future through its charitable initiatives.
Official website here: www.sturgisfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Stars
The Sturgis Area Community Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a perfect score in Accountability & Finance. This high rating reflects the organization's commitment to transparency and responsible financial management, making it a trustworthy option for donors looking to support community initiatives.
The foundation's strengths include a fully independent board and an effective audit committee, both of which contribute to its strong governance practices. Additionally, it has demonstrated diligence in maintaining low liabilities relative to its assets and allocating a significant portion of its expenses towards its programs, showcasing its focus on mission impact.
While the organization excels in accountability metrics, ongoing communication with stakeholders and continued program effectiveness will be essential for sustaining its reputation and support within the community. Overall, the Sturgis Area Community Foundation stands out as a financially sound and well-managed nonprofit, making it a reliable choice for community investment.
This AI summary has been generated from information found on Charity Navigator.
Is Sturgis Area Community Foundation legitimate?
Sturgis Area Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sturgis 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: $160,226
Professional Fundraising Fees: $0
Other Salaries and Wages: $40,920
For more financial information, click here
Official website here: www.sturgisfoundation.org
What is the mission statement of Sturgis Area Community Foundation?
The Sturgis Area Community Foundation's mission is to promote the utilization of collective funds for charitable, benevolent, industrial development, and educational purposes. This is done to cater to the evolving needs of the local community. The foundation allows individuals of all income levels to participate in these causes by contributing to them. Their mission aims to adapt to the changing requirements of the community, thereby fostering a sense of unity and shared responsibility for community betterment. Additionally, the foundation provides scholarships to high school and college students in the area, furthering education and investment in the local talent pool.
Official website here: www.sturgisfoundation.org
What is the revenue of Sturgis Area Community Foundation?
Sturgis Area Community Foundation's revenue in 2024 was $3,009,420.
Official website here: www.sturgisfoundation.org
Who are the executives of Sturgis Area Community Foundation and what are their salaries?
The average compensation at Sturgis Area Community Foundation during 2024 was $67,049. There are 3 employees and 30 volunteers at Sturgis Area Community Foundation.
Here are 12 key members and their salaries:
- Compensation: $108,937
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- Other: $0
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- Compensation: $51,289
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.sturgisfoundation.org
Where can I find the form 990 for Sturgis Area Community Foundation?
Sturgis Area Community Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.sturgisfoundation.org
Learn more at the official website: www.sturgisfoundation.org
Mission Statement of Sturgis Area Community Foundation
The Sturgis Area Community Foundation is committed to promoting the utilization of pooled funds for charitable, benevolent, industrial development, and educational purposes. This community-focused organization aims to address the evolving needs of the local area by encouraging contributions from individuals of all means. By pooling resources, the foundation seeks to contribute to these causes in a collective and impactful manner. The mission of the Sturgis Area Community Foundation is to serve as a catalyst for positive change, empowering the community to make a difference in various sectors.
One of the primary ways Sturgis Area Community Foundation fulfills its mission is by providing scholarships to high school and college students in the area. By offering financial assistance, the organization supports the education of young individuals, contributing to their personal growth and the future of the community. Through these scholarships, Sturgis Area Community Foundation is investing in the next generation, ensuring a continuous cycle of development and progress within the local area. The foundation's mission is a testament to its dedication to fostering a thriving community by harnessing the collective power of its members.
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Impact
July, 2024
Sturgis Area Community Foundation promotes the use of pooled funds for charitable, benevolent, industrial development, and educational purposes to meet the changing needs of the local community. Their mission allows individuals of all means to contribute to causes that support scholarships for area high school and college students. Through their philanthropic efforts, the foundation makes a tangible impact in Sturgis, MI, by providing educational opportunities and support for students in need.
This information is meant to be a general summary of Sturgis 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 2024.
- Investment Income: $738,536
- Gross Receipts: $3,022,285
Assets and Liabilities:
- Total Assets: $27,342,706
- Total Liabilities: $1,340,560
- Net Assets: $26,002,146
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Organization Details
Founding Year
2002
Principal Officer
Erin Melchi-Baker
Website
www.sturgisfoundation.orgNTEE Category
Code: T31 - Philanthropy
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