Overview
What is Central Texas Community Foundation?
Central Texas Community Foundation is a nonprofit organization situated in Round Rock, Texas, specifically at 302 N Lampasas Street, ZIP code 78664. The primary purpose of this foundation is to enhance the quality of life in the Central Texas area. To achieve this mission, they grant funds to various community nonprofit organizations through the numerous endowments and funds they manage. The foundation serves as a catalyst for philanthropic giving, aiming to build a permanent endowment fund, providing a flexible platform for donors with diverse philanthropic interests. They take the initiative in addressing needs and shaping effective responses, aiming to enrich the quality of life in the Central Texas area. The foundation operates with a small team of three dedicated individuals.
Official website here: www.ctxcf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
The Central Texas Community Foundation has received a solid Three-Star rating from Charity Navigator, reflecting a commendable accountability and finance score of 87%. This rating suggests that the organization demonstrates strong governance practices, such as having an independent board and effective policies for conflict of interest and document retention. The foundation excels in several areas, including liabilities to assets ratio and program expense ratio, indicating responsible management of resources.
However, there is a notable limitation in the fundraising efficiency ratio, which received a score of 0 out of 25 points. This could imply challenges in fundraising efforts or potentially high costs associated with raising funds, which may hinder the overall financial health and ability to support its mission effectively. While the organization shows strength in governance and resource management, enhancing fundraising strategies could greatly improve its overall performance.
Overall, the Central Texas Community Foundation is recognized for its solid governance and financial management practices, but it may need to address its fundraising efficiency to maximize its impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Central Texas Community Foundation legitimate?
Central Texas Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Central Texas 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: $122,008
Professional Fundraising Fees: $0
Other Salaries and Wages: $49,485
For more financial information, click here
Official website here: www.ctxcf.org
What is the mission statement of Central Texas Community Foundation?
The Central Texas Community Foundation serves as a catalyst to foster and inspire philanthropic giving. Its mission is to build community capital through a permanent endowment fund, providing a flexible vehicle for donors with varying philanthropic interests. The foundation takes the initiative to address community needs and shape effective responses, ultimately aiming to improve the quality of life in the Central Texas area. In achieving this, the foundation makes grants to community nonprofit organizations through various endowments and funds it manages.
Official website here: www.ctxcf.org
Who is the CEO of Central Texas Community Foundation?
Nyle Maxwell is the Chairman of Central Texas Community Foundation.
Official website here: www.ctxcf.org
What is the revenue of Central Texas Community Foundation?
Central Texas Community Foundation's revenue in 2022 was $5,464,246.
Official website here: www.ctxcf.org
Who are the executives of Central Texas Community Foundation and what are their salaries?
The average compensation at Central Texas Community Foundation during 2022 was $57,164. There are 3 employees and 26 volunteers at Central Texas Community Foundation.
Here are 27 key members and their salaries:
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Official website here: www.ctxcf.org
Where can I find the form 990 for Central Texas Community Foundation?
Central Texas Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ctxcf.org
Learn more at the official website: www.ctxcf.org
Mission Statement of Central Texas Community Foundation
The Central Texas Community Foundation serves as a catalyst to foster and inspire philanthropic giving in the community. Its mission is to build "community capital" by establishing a permanent endowment fund, providing a flexible vehicle for donors with diverse philanthropic interests. The foundation takes the initiative in addressing community needs and shaping effective responses, ultimately aiming to enhance the quality of life in the Central Texas area. To achieve this, the foundation makes grants to various community nonprofit organizations through the various endowments and funds it holds. By doing so, it acts as a vital link between donors and the communities they wish to support, ultimately working towards a more prosperous and enriched Central Texas.
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Impact
July, 2024
Central Texas Community Foundation makes a significant impact by improving the quality of life in the Central Texas area. Through grantmaking, the Foundation provides support to community organizations utilizing the various endowments and funds it holds. Its mission is to serve as a catalyst to nurture and inspire philanthropic giving, build "community capital" through a permanent endowment fund, provide a flexible vehicle for donors with varied philanthropic interests, take initiative in addressing needs and shaping effective responses, and enrich the quality of life in the Central Texas area.
This information is meant to be a general summary of Central Texas 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: $815,837
- Program Service Revenue: $204,411
- Gross Receipts: $14,937,018
Assets and Liabilities:
- Total Assets: $19,450,306
- Total Liabilities: $2,154,380
- Net Assets: $17,295,926
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$199,161
GIVING CIRCLES FEES
Revenue
$5,250
Organization Details
Founding Year
2004
Phone
(512) 514-0046Principal Officer
Nyle Maxwell
Main Address
302 N LAMPASAS STREET, ROUND ROCK, TX, 78664
Website
www.ctxcf.orgNTEE Category
Code: T31 - Philanthropy
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