Overview
What is Fargo-Moorhead Area Foundation Corporation?
The Fargo-Moorhead Area Foundation Corporation serves as a community trust, managing a total of 492 charitable funds. These funds are established through contributions from the public. The foundation distributes grants across various sectors, with Community Building, Basic Human Needs, Education, Health & Wellness, and Youth being the major recipients. The organization also supports Arts, Religion, and Animal Welfare, among others. The foundation's mission is to assist donors in maximizing their philanthropy, thereby contributing to the development of a thriving community offering numerous opportunities for all its inhabitants. With a team of eight employees, the Fargo-Moorhead Area Foundation Corporation plays a significant role in shaping the welfare and progress of its community.
Official website here: www.areafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating from Charity Navigator)
The Fargo-Moorhead Area Foundation Corporation has achieved a perfect 100% score, reflecting its exemplary accountability and finance practices. This high rating is significant as it indicates a strong commitment to transparency and responsible management of resources. The foundation's operations are governed by a fully independent board, which enhances its credibility and effectiveness in fulfilling its mission.
In terms of financial health, the organization demonstrates an impressive program expense ratio of 93.50%, signifying that the vast majority of its funds are directed towards its programs rather than administrative costs. Additionally, it boasts a fundraising efficiency ratio of just $0.022, highlighting its ability to raise funds effectively with minimal expenditure. These metrics are indicative of a well-run organization that prioritizes community impact.
While the foundation excels in various governance and financial aspects, it is important to note that the data analyzed does not mention any specific programs or initiatives undertaken by the foundation. This lack of detail about its activities may leave potential donors or community members seeking more information on the direct impact of their contributions. Overall, however, the foundation stands out as a highly rated nonprofit with strong financial and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Fargo-Moorhead Area Foundation Corporation legitimate?
Fargo-Moorhead Area Foundation Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fargo-Moorhead Area Foundation Corporation 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: $333,610
Professional Fundraising Fees: $0
Other Salaries and Wages: $282,206
For more financial information, click here
Official website here: www.areafoundation.org
What is the mission statement of Fargo-Moorhead Area Foundation Corporation?
The Fargo-Moorhead Area Foundation Corporation's mission is to assist donors in maximizing their philanthropic efforts, ultimately contributing to the creation of a thriving community filled with opportunities for all. By administering 492 charitable funds, the foundation fosters grants and scholarships in various sectors, including community building, basic human needs, art, education, youth, religion, health and wellness, animal welfare, and other categories. The foundation's funds originate from various sources, such as donor-advised, designated, field of interest, agency, scholarship, and unresticted funds.
Official website here: www.areafoundation.org
Who is the CEO of Fargo-Moorhead Area Foundation Corporation?
Eric Wilkie is the Immediate Past Chair of Fargo-Moorhead Area Foundation Corporation.
Official website here: www.areafoundation.org
What is the revenue of Fargo-Moorhead Area Foundation Corporation?
Fargo-Moorhead Area Foundation Corporation's revenue in 2022 was $5,201,937.
Official website here: www.areafoundation.org
Who are the executives of Fargo-Moorhead Area Foundation Corporation and what are their salaries?
The average compensation at Fargo-Moorhead Area Foundation Corporation during 2022 was $76,977. There are 8 employees and 33 volunteers at Fargo-Moorhead Area Foundation Corporation.
Here are 23 key members and their salaries:
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- Compensation: $93,604
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- Other: $27,335
Official website here: www.areafoundation.org
Where can I find the form 990 for Fargo-Moorhead Area Foundation Corporation?
Fargo-Moorhead Area Foundation Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.areafoundation.org
Learn more at the official website: www.areafoundation.org
Mission Statement of Fargo-Moorhead Area Foundation Corporation
The Fargo-Moorhead Area Foundation Corporation, serving as a community trust, is dedicated to maximizing philanthropic contributions from the general public. Their mission is to create a vibrant community teeming with opportunities for all, by strategically utilizing these contributions. The foundation administers a variety of charitable funds, each with distinct purposes, and distributes grants and scholarships in different sectors. These sectors include community building, basic human needs, art, education, youth, religion, health and wellness, animal welfare, and other areas, accounting for a substantial portion of their philanthropic efforts. The foundation utilizes several types of funds, such as donor-advised, designated, field of interest, agency, scholarship, and unrestricted funds, to achieve their mission. Through these funds, they contribute to the betterment of their community, fostering opportunities for growth and development.
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Impact
July, 2024
Fargo-Moorhead Area Foundation Corporation serves as a catalyst for positive change in the community by assisting donors in maximizing their philanthropic efforts. Through the administration of 492 charitable funds, the foundation supports a wide range of programs that address critical needs and enrich various aspects of community life. Grants are awarded in key areas such as community building, basic human needs, education, health and wellness, and more, making a significant impact on the well-being of individuals and organizations in the region. By leveraging donor contributions and strategically distributing funds, the foundation plays a vital role in creating a vibrant community full of opportunities for everyone.
This information is meant to be a general summary of Fargo-Moorhead Area Foundation Corporation. 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: $1,138,700
- Gross Receipts: $29,731,310
Assets and Liabilities:
- Total Assets: $98,404,628
- Total Liabilities: $1,774,313
- Net Assets: $96,630,315
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Organization Details
Founding Year
1960
Phone
(701) 234-0756Principal Officer
Eric Wilkie
Main Address
409 7TH ST S, FARGO, ND, 58103
Website
www.areafoundation.orgNTEE Category
Code: T310 - Philanthropy
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