Overview
What is The Allegan County Community Foundation?
The Allegan County Community Foundation is a nonprofit organization situated in Allegan, Michigan, at 112 Locust Street. They are committed to making a positive impact on the community by managing funds, providing education, and fostering partnerships. As a grant-awarding and scholarship-granting entity, they support various local qualified entities and students. Acting as a facilitator, they bring together non-profit, for-profit, and government units to benefit the citizens of Allegan County. With a team of seven dedicated individuals, they strive to strengthen their community through their financial stewardship and collaborative efforts.
Official website here: www.alleganfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
The Allegan County Community Foundation has achieved an impressive 95% score from Charity Navigator, reflecting its strong performance in accountability and finance. With a perfect score of 100% for independent board members and a solid 96% for overall accountability, the organization demonstrates a commitment to transparency and responsible governance. The foundation's financial health is evident, as indicated by its low liabilities to assets ratio of 1.99% and a high program expense ratio of 73.31%, ensuring that a majority of its funds are directed towards its mission.
In addition to its financial strengths, the foundation has established robust policies including conflict of interest and whistleblower protections, which contribute to its high accountability rating. Their commitment to documenting board meetings and maintaining oversight through an Audit and Oversight Committee further enhances their credibility. The foundation is proactive in listing its website on tax forms and adhering to document retention policies, showcasing a responsible approach to governance.
While the foundation received a slightly lower score of 81% in Culture & Community, it has implemented equity strategies that align with this score, indicating an ongoing effort to foster inclusivity and community engagement. Overall, the Allegan County Community Foundation is well-regarded for its financial stability and commitment to ethical practices, making it a reliable choice for donors seeking to support impactful community initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is The Allegan County Community Foundation legitimate?
The Allegan County Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Allegan County 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: $76,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $154,610
For more financial information, click here
Official website here: www.alleganfoundation.org
What is the mission statement of The Allegan County Community Foundation?
The Allegan County Community Foundation aims to make a positive impact on its community through financial stewardship, education, and community partnerships. It accomplishes this by awarding grants and scholarships to qualified local entities and students, and serving as a catalyst for collaboration between non-profit, for-profit, and government units for the betterment of the county's citizens. The foundation's mission is focused on enhancing the community's well-being and development through its strategic initiatives and financial support.
Official website here: www.alleganfoundation.org
Who is the CEO of The Allegan County Community Foundation?
Ricardo Bazan is the Excutive Director of The Allegan County Community Foundation.
Official website here: www.alleganfoundation.org
What is the revenue of The Allegan County Community Foundation?
The Allegan County Community Foundation's revenue in 2022 was $1,473,867.
Official website here: www.alleganfoundation.org
Who are the executives of The Allegan County Community Foundation and what are their salaries?
The average compensation at The Allegan County Community Foundation during 2022 was $33,016. There are 7 employees and 90 volunteers at The Allegan County Community Foundation.
Here are 9 key members and their salaries:
- Compensation: $76,500
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- Other: $0
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Official website here: www.alleganfoundation.org
Where can I find the form 990 for The Allegan County Community Foundation?
The Allegan County Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.alleganfoundation.org
Learn more at the official website: www.alleganfoundation.org
Mission Statement of The Allegan County Community Foundation
The Allegan County Community Foundation aims to positively impact its community through three key strategies: financial stewardship, education, and community partnerships. This nonprofit organization undertakes this mission by awarding grants and scholarships to eligible local entities and students. Furthermore, it serves as a convener, bringing together various non-profit, for-profit, and government units, all with the ultimate goal of benefiting the citizens of Allegan County. The foundation's activities are centered around supporting local initiatives and empowering its community, thereby contributing to its overall well-being.
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Impact
July, 2024
The Allegan County Community Foundation's impact is significant in positively impacting Allegan County through financial stewardship, education, and community partnerships. The foundation awards grants and scholarships to various local qualified entities and students, supporting the development and growth of the community. Additionally, the foundation acts as a convenor of non-profit, for-profit, and government units for the benefit of the citizens of Allegan County, fostering collaboration and progress in the region.
This information is meant to be a general summary of The Allegan County 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: $1,118,214
- Gross Receipts: $4,898,046
Assets and Liabilities:
- Total Assets: $20,544,157
- Total Liabilities: $409,052
- Net Assets: $20,135,105
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Organization Details
Founding Year
1965
Phone
(269) 673-8344Principal Officer
Ricardo Bazan
Main Address
112 LOCUST ST, ALLEGAN, MI, 49010
Website
www.alleganfoundation.orgNTEE Category
Code: T31Z - Philanthropy
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