Overview
What is La Crosse Community Foundation?
La Crosse Community Foundation is a nonprofit organization based in La Crosse, Wisconsin, specifically at 401 Main Street 205. Their primary focus involves collaborating with local donors to establish and manage endowed charitable funds. These funds are then utilized to provide noncompetitive grants or scholarships to eligible 501(c)(3) organizations that align with their philanthropic interests. In 2022, they awarded a total of $2,350,506 in noncompetitive grants and $361,517 in scholarships. Their mission can be summarized as connecting people, passion, and giving in the La Crosse area, fostering a sense of community and philanthropy that endures. They oversee 239 donor-directed funds, demonstrating their commitment to supporting the local community.
Official website here: www.laxcommfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%
The La Crosse Community Foundation has achieved a perfect Four-Star out of Four Star rating from Charity Navigator, indicating exceptional accountability and financial health. This rating reflects the foundation's commitment to transparency and effective management, with an impressive Accountability & Finance score of 100%. Key strengths include a fully independent board and robust financial oversight, showcasing a well-structured governance framework.
Among its notable financial metrics, the foundation boasts a program expense ratio of 91.16%, demonstrating that a significant portion of its funds is directed towards its charitable activities. Additionally, the organization has a remarkably low fundraising efficiency ratio of $0.03, indicating cost-effective fundraising practices. The foundation's liabilities to assets ratio stands at just 9.17%, highlighting solid financial stability.
Overall, the La Crosse Community Foundation exemplifies best practices in nonprofit management and financial stewardship. The organization has established key policies for conflict of interest, whistleblower protections, and document retention, further reinforcing its commitment to ethical operations. No limitations or concerns were noted in the data, underscoring the foundation's exemplary standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is La Crosse Community Foundation legitimate?
La Crosse Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. La Crosse 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: $127,697
Professional Fundraising Fees: $0
Other Salaries and Wages: $293,747
For more financial information, click here
Official website here: www.laxcommfoundation.com
What is the mission statement of La Crosse Community Foundation?
The La Crosse Community Foundation's mission is centered around connecting people with their passions and fostering giving, aiming to make a lasting impact in their area of interest. They accomplish this by collaborating with local donors to establish and manage endowed charitable funds. These funds are then used to award non-competitive grants or scholarships to qualified 501(c)(3) organizations that align with the donors' philanthropic interests. In 2022, the foundation distributed a total of $2,350,506 in non-competitive grants and $361,517 in scholarships.
Official website here: www.laxcommfoundation.com
Who is the CEO of La Crosse Community Foundation?
Brent Smith is the Chair of La Crosse Community Foundation.
Official website here: www.laxcommfoundation.com
What is the revenue of La Crosse Community Foundation?
La Crosse Community Foundation's revenue in 2022 was $5,067,377.
Official website here: www.laxcommfoundation.com
Who are the executives of La Crosse Community Foundation and what are their salaries?
The average compensation at La Crosse Community Foundation during 2022 was $70,241. There are 6 employees and 30 volunteers at La Crosse Community Foundation.
Here are 12 key members and their salaries:
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- Compensation: $121,955
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- Other: $5,742
Official website here: www.laxcommfoundation.com
Where can I find the form 990 for La Crosse Community Foundation?
La Crosse Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.laxcommfoundation.com
Learn more at the official website: www.laxcommfoundation.com
Mission Statement of La Crosse Community Foundation
La Crosse Community Foundation, a philanthropic organization, is dedicated to connecting people, passion, and giving in their community forever. Their mission is multifaceted, primarily focused on working with local donors to establish and manage endowed charitable funds. These funds are then used to award noncompetitive grants or scholarships to qualified 501(c)(3) organizations that align with the donors' philanthropic interests. In 2022, the foundation awarded a significant sum of $2,350,506 in noncompetitive grants and $361,517 in scholarships. By serving as a bridge between donors and worthy causes, La Crosse Community Foundation plays a crucial role in fostering community development and supporting the passions of its contributors.
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Impact
July, 2024
La Crosse Community Foundation's impact is profound in the La Crosse area. Through their donor-focused activities, they work with local donors to establish and administer endowed charitable funds that support qualified organizations in various philanthropic interest areas. Currently, the foundation administers 239 donor-directed funds. In 2022, they awarded a total of $2,350,506 in noncompetitive grants and $361,517 in scholarships. Their mission of connecting people, passion, and giving is a driving force in creating lasting positive change in the community.
This information is meant to be a general summary of La Crosse 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: $1,540,668
- Gross Receipts: $24,358,701
Assets and Liabilities:
- Total Assets: $59,131,423
- Total Liabilities: $5,424,557
- Net Assets: $53,706,866
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Organization Details
Founding Year
1930
Phone
(608) 782-3223Principal Officer
Brent Smith
Main Address
401 MAIN STREET 205, LA CROSSE, WI, 54601
Website
www.laxcommfoundation.comNTEE Category
Code: T31Z - Philanthropy
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