Overview
What is Leelanau Township Community Foundation?
Leelanau Township Community Foundation is a nonprofit organization situated in Northport, Michigan. With a modest workforce of four individuals, its primary mission is to support public charities within the Leelanau Township area. Over the course of a year, the foundation extends its support by awarding grants to a diverse range of 13 local organizations and scholarships to 17 deserving individuals, contributing to the educational growth and betterment of the community. The foundation's activities align with its mission, ensuring that resources are allocated effectively to foster positive change.
Official website here: www.leelanaufoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The Leelanau Township Community Foundation has achieved an impressive 96% rating from Charity Navigator, reflecting a strong emphasis on accountability and finance. This score is derived solely from the foundation's robust financial practices, indicating effective management and transparency in their operations.
Strengths of the organization include a fully independent board, with 100% of its members meeting independence criteria. The foundation also adheres to best practices in financial oversight, demonstrated by its comprehensive audit and oversight committee and the absence of any material diversion of assets. Furthermore, the organization allocates a significant portion of its budget, 78.12%, directly towards its programs, underscoring its commitment to impactful community service.
While the organization has excelled in various financial metrics, the summary does not provide insights into specific program outcomes or community impact, which could offer a fuller picture of its effectiveness. Overall, the Leelanau Township Community Foundation stands out for its financial integrity and governance, making it a trusted entity in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Leelanau Township Community Foundation legitimate?
Leelanau Township Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Leelanau Township 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: $37,179
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,525
For more financial information, click here
Official website here: www.leelanaufoundation.org
What is the mission statement of Leelanau Township Community Foundation?
The Leelanau Township Community Foundation's mission is focused on supporting public charities within its operational area. Beyond this, the foundation also takes on the responsibility of awarding educational scholarships to individuals in need. Throughout the year, the foundation distributes grants to various organizations, as evidenced by the 21 grants awarded to 13 different organizations in a recent year. Additionally, the foundation provides financial aid in the form of scholarships to 17 deserving students, totaling 25 scholarships in the same period.
Official website here: www.leelanaufoundation.org
Who is the CEO of Leelanau Township Community Foundation?
Kathy Garthe is the Board President of Leelanau Township Community Foundation.
Official website here: www.leelanaufoundation.org
What is the revenue of Leelanau Township Community Foundation?
Leelanau Township Community Foundation's revenue in 2022 was $517,063.
Official website here: www.leelanaufoundation.org
Who are the executives of Leelanau Township Community Foundation and what are their salaries?
The average compensation at Leelanau Township Community Foundation during 2022 was $14,676. There are 4 employees and 5 volunteers at Leelanau Township Community Foundation.
Here are 12 key members and their salaries:
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- Compensation: $37,179
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Official website here: www.leelanaufoundation.org
Where can I find the form 990 for Leelanau Township Community Foundation?
Leelanau Township Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.leelanaufoundation.org
Learn more at the official website: www.leelanaufoundation.org
Mission Statement of Leelanau Township Community Foundation
The Leelanau Township Community Foundation, as its name suggests, is committed to supporting public charities within its specified area. Its mission is twofold: firstly, it aims to contribute to the wellbeing of these public charities, and secondly, it provides educational scholarships to individuals in need. Throughout the year, the foundation fulfills this mission by awarding grants to various organizations, with a total of 21 grants distributed to 13 different entities in a recent period. Additionally, the foundation also extends its support to individuals by awarding 25 college scholarships to 17 students, thereby contributing to their higher education and future prospects. In this way, the Leelanau Township Community Foundation plays a significant role in uplifting the community by providing financial aid to deserving charities and individuals.
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Impact
July, 2024
The Leelanau Township Community Foundation's impact can be seen through its support of public charities in the Leelanau Township area. In the past year, the foundation awarded 21 grants to 13 different organizations, contributing to the betterment of the community. Additionally, the foundation's commitment to education is evident in the 25 college scholarships awarded to 17 individuals, helping to further their educational pursuits. Overall, the foundation's dedication to philanthropy and community support is making a meaningful difference in the lives of individuals and organizations in the Northport, MI area.
This information is meant to be a general summary of Leelanau Township 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: $277,362
- Gross Receipts: $1,130,539
Assets and Liabilities:
- Total Assets: $6,686,189
- Total Liabilities: $58,817
- Net Assets: $6,627,372
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Organization Details
Founding Year
1945
Phone
(231) 386-9000Principal Officer
Kathy Garthe
Main Address
PO BOX 818, NORTHPORT, MI, 49670
Website
www.leelanaufoundation.orgNTEE Category
Code: T31 - Philanthropy
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