Overview
What is Alliance Community Foundation?
The Alliance Community Foundation is a nonprofit organization that operates in accordance with the guidelines of Treasury Regulation Section 1.170a-9(f)(10), identifying as a Community Foundation. Its mission extends beyond the state of Delaware, serving the national philanthropic community, which includes charitable organizations, foundations, individuals, and their advisors, both domestically and internationally. The foundation's purpose is to facilitate charitable contributions and support various initiatives within this broad network.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, Two-Star out of Four Star rating. This rating reflects significant concerns regarding the Alliance Community Foundation's accountability and financial transparency. The overall score is based solely on a single beacon score, indicating that improvement in these areas is crucial for enhancing its rating.
The organization demonstrates strengths in having a fully independent board and a high program expense ratio, which suggests that the majority of its funds are directed towards its programs rather than administrative costs. However, the lack of financial statements and missing key documents on its website indicates a need for better transparency and accessibility of information for stakeholders.
Limitations in the foundation's practices include the absence of a documented retention and destruction policy, as well as not having its tax form available online. While the foundation has some policies in place, the gaps in financial reporting and documentation could hinder trust and accountability with donors and the public.
This AI summary has been generated from information found on Charity Navigator.
Is Alliance Community Foundation legitimate?
Alliance Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alliance 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $113,077
For more financial information, click here
What is the mission statement of Alliance Community Foundation?
The Alliance Community Foundation operates with a mission to serve as a community foundation, adhering to the guidelines set forth in Treasury Regulation Section 1.170A-9(F)(10). Its purpose extends beyond the state of Delaware, reaching out to the national philanthropic community, which includes charitable organizations, foundations, individuals, and their professional advisors, on a global scale. The foundation aims to support this diverse community in their charitable endeavors.
What is the revenue of Alliance Community Foundation?
Alliance Community Foundation's revenue in 2023 was $1,065,527.
Who are the executives of Alliance Community Foundation and what are their salaries?
The average compensation at Alliance Community Foundation during 2023 was $51,923.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Alliance Community Foundation?
Alliance Community Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Alliance Community Foundation
Alliance Community Foundation, as a community foundation, is dedicated to serving the national philanthropic community. This includes charitable organizations, foundations, individuals, and their professional advisors, both nationally and globally. The foundation's mission is to carry out its purposes in accordance with Treasury Regulation Section 1.170A-9(F)(10), thereby contributing to the betterment of various charitable causes. The Alliance Community Foundation aims to bridge the gap between various philanthropic entities, providing a platform for collaboration and collective impact. Its reach extends beyond its local state, Deleware, demonstrating its commitment to promoting philanthropy on a broader scale.
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Impact
July, 2024
Alliance Community Foundation serves as a vital connector within the national philanthropic community, supporting charitable organizations, foundations, individuals, and their professional advisors in Delaware, across the nation, and around the world. Through its role as a Community Foundation, Alliance Community Foundation facilitates collaboration, provides resources, and promotes impactful giving that benefits communities on both local and global scales.
This information is meant to be a general summary of Alliance 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 2023.
- Investment Income: $13,275
- Gross Receipts: $1,065,527
Assets and Liabilities:
- Total Assets: $3,273,530
- Total Liabilities: $0
- Net Assets: $3,273,530
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Organization Details
Founding Year
2017
Principal Officer
Andrew Russo
NTEE Category
Code: T31 - Philanthropy
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