Overview
What is Community Foundation For Muskegon County?
The Community Foundation for Muskegon County is a charitable organization based in Muskegon, Michigan. Their primary focus lies in improving the lives of local residents through grantmaking and administering donations for specific educational and charitable programs. With a team of 66 employees, they provide scholarship support for students pursuing post-secondary education and issue grants to enhance the access of career and college-ready high school graduates to high-quality learning opportunities. Additionally, they work towards bettering the community by investing in endowment, effecting positive change, and offering leadership on crucial issues, ensuring donors' desires to enrich the quality of life in their region for present and future generations.
Official website here: www.muskegonfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
The Community Foundation for Muskegon County has achieved a perfect score of 100% from Charity Navigator, indicating exceptional performance in accountability and finance. This high rating reflects the organization’s commitment to transparency and effective management, with a majority of its board members being independent and an overall strong financial oversight structure in place.
Strengths highlighted in the assessment include the foundation's excellent program expense ratio of 83.71%, showcasing that a significant portion of its resources directly supports its programs. The fundraising efficiency is impressive as well, with only $0.08 spent to raise each dollar, indicating a strong ability to manage resources effectively. Additionally, the organization has robust policies in place, such as those for conflict of interest and whistleblowing, further enhancing its credibility.
No significant limitations were noted in the data, which indicates a well-managed organization with strong financial health. With liabilities to assets at a low 12.59%, the foundation demonstrates sound financial stability, ensuring its ability to fulfill its mission in the community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation For Muskegon County legitimate?
Community Foundation For Muskegon County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation For Muskegon County 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: $315,483
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,386,466
For more financial information, click here
Official website here: www.muskegonfoundation.org
What is the mission statement of Community Foundation For Muskegon County?
The Community Foundation For Muskegon County strives to enhance the quality of life for people in the community by building endowments, effecting change through grantmaking, and providing leadership on key issues. Their mission is to serve donors' desires and positively impact the lives of area residents, both now and for future generations. The organization focuses on education by providing scholarship support for post-secondary students, granting funds to prepare career and college-ready high school graduates, and improving access to high-quality extended learning programs beyond the school day.
Official website here: www.muskegonfoundation.org
Who is the CEO of Community Foundation For Muskegon County?
Todd Jacobs is the Chair of Community Foundation For Muskegon County.
Official website here: www.muskegonfoundation.org
What is the revenue of Community Foundation For Muskegon County?
Community Foundation For Muskegon County's revenue in 2022 was $19,966,872.
Official website here: www.muskegonfoundation.org
Who are the executives of Community Foundation For Muskegon County and what are their salaries?
The average compensation at Community Foundation For Muskegon County during 2022 was $25,787. There are 66 employees and 207 volunteers at Community Foundation For Muskegon County.
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- Compensation: $107,044
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- Compensation: $100,377
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- Other: $29,584
Official website here: www.muskegonfoundation.org
Where can I find the form 990 for Community Foundation For Muskegon County?
Community Foundation For Muskegon County's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.muskegonfoundation.org
Learn more at the official website: www.muskegonfoundation.org
Mission Statement of Community Foundation For Muskegon County
The Community Foundation for Muskegon County, a charitable organization, strives to improve the lives of local residents by investing and administering gifts and bequests, and issuing grants for specific charitable and educational programs. This mission is geared towards building community endowment, effecting positive change through grantmaking, and providing leadership on key community issues. By doing so, the Foundation aims to serve the desires of donors, enhancing the quality of life for the people of the region, not just for the present, but for generations to come.
The educational aspect of the Community Foundation for Muskegon County's mission is multifaceted. It provides scholarship support for students from Muskegon County pursuing post-secondary education. The Foundation also offers education grants to help career and college-ready high school graduates. Additionally, it works to improve student access to high-quality extended learning programs after school and during the summer. These initiatives aim to create opportunities for students to succeed academically and professionally, contributing to a stronger community.
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Impact
October, 2024
Community Foundation for Muskegon County plays a pivotal role in enhancing the lives of local residents through strategic investment and grantmaking. By administering gifts and bequests, it effectively channels resources into various charitable and educational programs that directly benefit the community.
One significant area of impact is education. The foundation provides scholarship support for Muskegon County students who are pursuing post-secondary education, helping to alleviate financial barriers and foster a culture of learning. Additionally, it issues grants aimed at ensuring that high school graduates are career and college ready, addressing the growing need for skilled individuals in the workforce.
The foundation also focuses on improving access to high-quality extended learning opportunities, such as after-school and summer programs. These initiatives not only enrich the educational landscape but also enhance overall student engagement and development.
Through its commitment to building community endowment and addressing key issues, the Community Foundation for Muskegon County is dedicated to creating positive, lasting change in the region, ensuring a better quality of life for current and future generations.
This information is meant to be a general summary of Community Foundation For Muskegon County. 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: $5,921,547
- Program Service Revenue: $746,252
- Gross Receipts: $24,655,759
Assets and Liabilities:
- Total Assets: $209,235,541
- Total Liabilities: $26,353,874
- Net Assets: $182,881,667
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FRAUENTHAL CENTER FOR THE PERFORM
Revenue
$746,252
Organization Details
Founding Year
1961
Phone
(231) 722-4538Principal Officer
Todd Jacobs
Main Address
425 WESTERN AVENUE 200, MUSKEGON, MI, 494401101
Website
www.muskegonfoundation.orgNTEE Category
Code: T310 - Philanthropy
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