Overview
What is Collegedale Tomorrow Foundation Inc?
Collegedale Tomorrow Foundation Inc is a nonprofit organization based in Collegedale, Tennessee. Established with a mission to preserve and enrich the community's spirit and future, it actively supports and fosters various community preservation projects. These projects include developing parks, greenways, and town commons, as well as refurbishing, preserving, or arranging the development of markets. The foundation manages these projects and engages in community enhancement and support activities. Additionally, it aims to develop a central gathering complex, known as Collegedale Commons, which will serve as a focal point for community events, hosting meetings, weddings, reunions, and fitness classes. The foundation operates with 15 employees dedicated to fulfilling its mission.
Official website here: www.collegedale.foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
The Collegedale Tomorrow Foundation Inc has received an 88% score, which translates to a Three-Star rating from Charity Navigator. This rating is based solely on the Accountability & Finance beacon, indicating a strong commitment to financial transparency and effective governance. The organization showcases an independent board, with 88% of its members being independent, and achieves full points in multiple accountability metrics, underscoring a solid governance structure.
Strengths include high scores for financial oversight, with no reported material diversion of assets and a low liabilities to assets ratio of 5.65%. Additionally, the foundation maintains a substantial program expense ratio of 86.89%, demonstrating that the majority of its funds are allocated directly to its programs. The organization has also successfully listed its website on tax forms and has a conflict of interest policy in place.
However, there are notable limitations in the foundation's documentation practices. The absence of a whistleblower policy and a document retention policy, along with the lack of posted tax forms on its website, may raise concerns regarding internal controls and transparency. While the overall score reflects a strong financial standing, addressing these gaps could enhance trust and accountability further.
This AI summary has been generated from information found on Charity Navigator.
Is Collegedale Tomorrow Foundation Inc legitimate?
Collegedale Tomorrow Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Collegedale Tomorrow Foundation Inc 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: $105,534
Professional Fundraising Fees: $0
Other Salaries and Wages: $90,847
For more financial information, click here
Official website here: www.collegedale.foundation
What is the mission statement of Collegedale Tomorrow Foundation Inc?
The Collegedale Tomorrow Foundation Inc is committed to ensuring a future filled with meaning and spirit that matches the rich past of the community. To achieve this mission, the organization actively fosters and institutes community preservation projects, develops or arranges the development of parks and greenways, and manages the refurbishment, development, or preservation of town commons and markets. Collectively referred to as "community projects," these initiatives aim to enhance and support the community in various ways. The foundation engages in related activities and community enhancement and support functions, contributing to the overall betterment of the community.
Official website here: www.collegedale.foundation
Who is the CEO of Collegedale Tomorrow Foundation Inc?
David Barto is the Executive Di of Collegedale Tomorrow Foundation Inc.
Official website here: www.collegedale.foundation
What is the revenue of Collegedale Tomorrow Foundation Inc?
Collegedale Tomorrow Foundation Inc's revenue in 2022 was $495,924.
Official website here: www.collegedale.foundation
Who are the executives of Collegedale Tomorrow Foundation Inc and what are their salaries?
The average compensation at Collegedale Tomorrow Foundation Inc during 2022 was $13,092. There are 15 employees and 10 volunteers at Collegedale Tomorrow Foundation Inc.
Here are 9 key members and their salaries:
- Compensation: $106,946
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- Other: $0
Official website here: www.collegedale.foundation
Where can I find the form 990 for Collegedale Tomorrow Foundation Inc?
Collegedale Tomorrow Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.collegedale.foundation
Learn more at the official website: www.collegedale.foundation
Mission Statement of Collegedale Tomorrow Foundation Inc
Collegedale Tomorrow Foundation Inc is committed to ensuring that the future of Collegedale is as meaningful and spirit-filled as its past. To achieve this mission, the organization actively fosters and instigates community preservation projects. This involves developing or arranging the development of parks and greenways, refurbishing, developing, or preserving town commons and markets, collectively referred to as "Community Projects." Beyond managing these projects, Collegedale Tomorrow Foundation Inc also engages in community enhancement and support functions, encompassing all related activities. In essence, the foundation aims to contribute to the upkeep and enrichment of its community.
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Impact
July, 2024
Collegedale Tomorrow Foundation Inc's impact is focused on community enhancement and support functions to ensure Collegedale's future remains as rich in meaning and spirit as its past. The foundation fosters and institutes community preservation projects, develops parks and greenways, refurbishes town commons and markets, and manages various community projects. One notable endeavor is the development of Collegedale Commons, a central gathering complex for community events such as meetings, weddings, reunions, and fitness classes. Through these initiatives, Collegedale Tomorrow Foundation Inc plays a vital role in the improvement and growth of the community.
This information is meant to be a general summary of Collegedale Tomorrow Foundation Inc. 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: $9
- Program Service Revenue: $78,399
- Gross Receipts: $495,924
Assets and Liabilities:
- Total Assets: $156,864
- Total Liabilities: $8,140
- Net Assets: $148,724
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MERCHANT MARKET RENT
Revenue
$78,399
Organization Details
Founding Year
2013
Phone
(423) 664-3022Principal Officer
David Barto
Main Address
PO BOX 1670, COLLEGEDALE, TN, 373151670
Website
www.collegedale.foundationNTEE Category
Code: S41 - Community improvement
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