Overview
What is Community Investments Foundation?
Community Investments Foundation is a Charlotte, North Carolina-based nonprofit organization, located at 220 N Tryon Street, 28202. The foundation's primary focus is to receive and manage unique assets, such as business interests, which are later liquidated to fund charitable organizations. Their mission encompasses the engagement and support of local nonprofits. Community Investments Foundation offers community space for collaboration and planning, making it accessible to all local nonprofits and their constituencies during business hours. By providing a central hub for meetings, the foundation fosters an environment of growth and cooperation within the local nonprofit sector.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Community Investments Foundation has received an 85% rating from Charity Navigator, reflecting a solid performance in accountability and finance. This score is primarily derived from the organization's accountability measures, highlighting strengths in board independence and financial oversight. The organization boasts a fully independent board, showing commitment to governance standards.
Key strengths include a high program expense ratio of 96.52%, indicating that a significant portion of funds is directed towards its programs. Additionally, the organization has strong working capital management, with a ratio of 4.36 years, suggesting it is well-positioned to meet its financial obligations. The absence of material diversions of assets further enhances its financial integrity.
However, there are some limitations noted, particularly in areas such as fundraising efficiency, where the organization scored low. The report also indicates concerns over distribution practices of tax forms to the board, which could impact overall transparency. While the organization demonstrates strong financial health, addressing these limitations could enhance its overall rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
Is Community Investments Foundation legitimate?
Community Investments Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Investments 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: $0
For more financial information, click here
Official website here: www.none
What is the mission statement of Community Investments Foundation?
The Community Investments Foundation (CIF) serves as a valuable intermediary by receiving and managing unique assets, including business interests, until they are ready to be liquidated. Once the assets are sold, the proceeds are channeled towards supporting various charitable organizations. The foundation is deeply committed to community engagement, allocating resources for community space that is accessible to all local non-profits during business hours. These facilities offer vital venues for meetings and planning sessions for non-profit organizations and their constituencies.
Official website here: www.none
Who is the CEO of Community Investments Foundation?
Alyssa Federico is the Senior Vp, Finance of Community Investments Foundation.
Official website here: www.none
What is the revenue of Community Investments Foundation?
Community Investments Foundation's revenue in 2022 was $20,489,868.
Official website here: www.none
Who are the executives of Community Investments Foundation and what are their salaries?
There 4 volunteers at Community Investments Foundation.
Here are 13 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
- Compensation: $0
- Related: $817,136
- Other: $81,188
- Compensation: $0
- Related: $448,088
- Other: $90,451
- Compensation: $0
- Related: $449,410
- Other: $106,743
- Compensation: $0
- Related: $270,939
- Other: $43,948
- Compensation: $0
- Related: $258,695
- Other: $34,413
- Compensation: $0
- Related: $179,386
- Other: $24,988
- Compensation: $0
- Related: $159,243
- Other: $36,981
- Compensation: $0
- Related: $130,090
- Other: $19,055
- Compensation: $0
- Related: $448,252
- Other: $101,488
Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Community Investments Foundation
Community Investments Foundation (CIF) is a unique entity that takes on the responsibility of managing and liquidating special assets, such as business interests, in order to generate funds for various charitable organizations. The organization plays a vital role in the community by creating opportunities for collaboration and planning, as it manages facilities that are open to all local non-profit organizations during business hours for their meetings and those of their constituencies.
In simpler terms, Community Investments Foundation acts as a bridge, connecting donors with valuable assets and charitable causes. By managing these assets, CIF ensures their proper liquidation, ultimately resulting in financial support for numerous charitable organizations. This mission is not only a financial one, but also a community-focused one, as the organization provides valuable space for non-profits to engage, collaborate, and plan for the betterment of their respective causes and the community as a whole.
By effectively managing these assets, CIF is able to contribute significantly to the non-profit sector and facilitate positive change in the community. The organization's approach not only generates much-needed funds but also fosters a collaborative and supportive environment where non-profits can come together, exchange ideas, and build partnerships. This, in turn, strengthens the non-profit sector and enhances its ability to address the various challenges and needs of the community.
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Impact
October, 2024
Community Investments Foundation (CIF) plays a crucial role in enhancing local philanthropy by managing gifts of business interests and unique assets. By overseeing these contributions until they can be liquidated, CIF ensures that the proceeds are effectively funneled into supporting various charitable organizations.
In addition to financial management, CIF is dedicated to fostering community engagement. It provides space for local nonprofit organizations to collaborate and plan initiatives, significantly enhancing their operational capacity. This availability of a dedicated space helps nurture partnerships and facilitates meetings between nonprofits and their stakeholders, empowering a collective effort towards community development. Through these actions, CIF strengthens the social fabric of Charlotte, NC, and supports vital human services that benefit the wider community.
This information is meant to be a general summary of Community Investments 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: $1,388,726
- Gross Receipts: $21,035,292
Assets and Liabilities:
- Total Assets: $85,159,904
- Total Liabilities: $131,106
- Net Assets: $85,028,798
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Organization Details
Founding Year
2012
Phone
(704) 973-4500Principal Officer
Alyssa Federico
Main Address
220 N TRYON STREET, CHARLOTTE, NC, 28202
Website
www.noneNTEE Category
Code: P117 - Human services
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