Overview
What is The Longmont Community Foundation?
The Longmont Community Foundation, situated in Longmont, Colorado, is a dedicated nonprofit organization that works towards enhancing the quality of life in the St. Vrain Valley region. They accomplish this goal through philanthropy and charitable leadership. Annually, they distribute substantial grants, exceeding $1.3 million, to various charitable organizations, and provide scholarships worth over $187,000 to students pursuing vocational or higher education. The Live & Give Longmont Fund, a permanent source of funding, supports nonprofits in seven key program areas, including education, human services, health, animals, arts, civic, and environment. With a team of four dedicated individuals, the foundation is committed to making a significant impact in its community.
Official website here: www.longmontfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Stars)
The Longmont Community Foundation has earned an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With an Accountability & Finance Score of 97 and a culture and community score of 100, the foundation demonstrates effective governance and a focus on community impact. Its program expense ratio of 94.55% highlights a significant dedication to its mission, ensuring that most funds are allocated towards programs rather than administrative costs.
Strengths of the organization include a fully independent board of 16 members, strong financial oversight, and a comprehensive set of policies regarding conflicts of interest and whistleblower protections. The foundation also showcases excellent fundraising efficiency, with minimal costs associated with raising funds, which allows for more resources directed to its initiatives. Their strategic goals include ambitious plans to double grantmaking over the next three years and enhance diversity, equity, and inclusion efforts.
However, while the foundation's metrics are commendable, the effectiveness of its strategies for achieving these ambitious goals remains to be seen. Continuous monitoring of their progress and community engagement will be essential in ensuring that they meet their objectives and maintain their high standards of accountability and service to the community.
This AI summary has been generated from information found on Charity Navigator.
Is The Longmont Community Foundation legitimate?
The Longmont Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Longmont 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: $109,127
Professional Fundraising Fees: $0
Other Salaries and Wages: $54,860
For more financial information, click here
Official website here: www.longmontfoundation.org
What is the mission statement of The Longmont Community Foundation?
The Longmont Community Foundation's mission is centered around enhancing life through philanthropy and charitable leadership. By utilizing their resources, they strive to make significant improvements in various sectors such as education, human services, health, animals, arts, civic, and environment. Annually, the foundation grants over $1.3 million to charitable organizations and offers scholarships worth over $187,000 to students pursuing higher education or vocational careers. Notably, the Live & Give Longmont Fund serves as a permanent source of support to nonprofits in these key areas.
Official website here: www.longmontfoundation.org
Who is the CEO of The Longmont Community Foundation?
Eric Hozempa is the President of The Longmont Community Foundation.
Official website here: www.longmontfoundation.org
What is the revenue of The Longmont Community Foundation?
The Longmont Community Foundation's revenue in 2022 was $3,138,586.
Official website here: www.longmontfoundation.org
Who are the executives of The Longmont Community Foundation and what are their salaries?
The average compensation at The Longmont Community Foundation during 2022 was $40,997. There are 4 employees and 75 volunteers at The Longmont Community Foundation.
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- Compensation: $109,126
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Official website here: www.longmontfoundation.org
Where can I find the form 990 for The Longmont Community Foundation?
The Longmont Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.longmontfoundation.org
Learn more at the official website: www.longmontfoundation.org
Mission Statement of The Longmont Community Foundation
The Longmont Community Foundation, a philanthropic organization, is dedicated to enhancing life in the St. Vrain Valley. Their mission is centered around charitable leadership and philanthropy, aiming to bring about positive change in the community. Through their annual grant disbursements, they have invested over $1.3 million in various charitable organizations, demonstrating their commitment to community development. Additionally, they offer financial aid in the form of scholarships, with over $187,000 being awarded to students pursuing either vocational or higher education.
The Longmont Community Foundation's efforts are not limited to financial aid. They also manage the Live & Give Longmont Fund, a permanent source of funding for nonprofits in the area. This fund provides support to organizations in seven key program areas, including education, human services, health, animals, arts, civic, and environment. By focusing on these areas, the foundation aims to foster a holistic improvement in the community, ensuring that various aspects of life in the St. Vrain Valley are positively impacted.
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Impact
July, 2024
The Longmont Community Foundation has a significant impact on the St. Vrain Valley by improving lives through philanthropy and charitable leadership. Annually, the foundation distributes over $1.3 million in grants to charitable organizations and awards more than $187,000 in scholarships to students pursuing various education paths. Through the Live & Give Longmont Fund, the foundation supports key program areas such as education, human services, health, animals, arts, civic engagement, and the environment. This impact resonates throughout Longmont, Colorado, fostering a culture of giving and support in the community.
This information is meant to be a general summary of The Longmont 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: $174,724
- Program Service Revenue: $89,552
- Gross Receipts: $12,297,454
Assets and Liabilities:
- Total Assets: $22,262,235
- Total Liabilities: $7,806,785
- Net Assets: $14,455,450
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$88,438
Organization Details
Founding Year
2013
Phone
(303) 678-6555Principal Officer
Eric Hozempa
Main Address
600 KIMBARK STREET, LONGMONT, CO, 80501
Website
www.longmontfoundation.orgNTEE Category
Code: T30 - Philanthropy
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