Overview
What is Fremont Area Community Foundation?
The Fremont Area Community Foundation is a locally-focused nonprofit organization situated in Fremont, Nebraska. Their primary goal is to enhance the well-being of the community by aligning donor aspirations with pressing local needs. Acting as a driving force and catalyst, they proactively contribute to the creation of viable solutions. With a modest team of four dedicated individuals, they work tirelessly to bridge the gap between generous contributors and community necessities, thereby fostering a thriving and improved Fremont area.
Official website here: www.facfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
The Fremont Area Community Foundation has achieved a remarkable 96% score, reflecting exceptional accountability and financial management. This high rating is derived solely from their performance in the Accountability & Finance category, indicating a strong commitment to transparency and responsible stewardship of resources. The organization boasts a fully independent board, robust financial oversight, and no reported material diversion of assets, all of which contribute to their strong financial health.
Highlights of the foundation's strengths include an impressive program expense ratio of 67.53%, which indicates a significant portion of their funding is directed towards their mission-related activities. Moreover, their liabilities to assets ratio stands at a low 6.56%, showcasing fiscal stability. The working capital ratio of 8.64 years further emphasizes their capability to sustain operations and fulfill financial obligations over the long term.
While the foundation has many strengths, their fundraising efficiency could be enhanced, as indicated by a low score in this area. This may suggest that they could benefit from more effective strategies to maximize fundraising efforts and reduce costs associated with raising funds. Overall, the Fremont Area Community Foundation is recognized for its strong governance and financial management, making it a reliable choice for donors looking to support meaningful community initiatives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Fremont Area Community Foundation?
100% of reviewers on Facebook recommend the Fremont Area Community Foundation. Here is a summary of their reviews:
The community foundation is highly praised for its exceptional support programs and the creativity of its staff. Reviewers express delight in the effective assistance provided and the organization’s commitment to serving the community.
Overall, the sentiment is overwhelmingly positive, showcasing a strong endorsement for the foundation's initiatives and its impact on the community. The positive experiences shared reflect a genuine appreciation for the services and support offered to local residents.
This AI summary has been generated from reviews found on Facebook.
Is Fremont Area Community Foundation legitimate?
Fremont Area Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fremont Area 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: $96,397
Professional Fundraising Fees: $0
Other Salaries and Wages: $100,230
For more financial information, click here
Official website here: www.facfoundation.org
What is the mission statement of Fremont Area Community Foundation?
The Fremont Area Community Foundation's mission is centered around enhancing the quality of life within its community. They achieve this by aligning donor interests with local needs and acting as a driving force and catalyst in the creation of solutions. By serving in this role, the foundation works diligently to drive development and improve living standards in the area.
Official website here: www.facfoundation.org
Who is the CEO of Fremont Area Community Foundation?
Terry Mcclain is the Executive Di of Fremont Area Community Foundation.
Official website here: www.facfoundation.org
What is the revenue of Fremont Area Community Foundation?
Fremont Area Community Foundation's revenue in 2022 was $4,891,897.
Official website here: www.facfoundation.org
Who are the executives of Fremont Area Community Foundation and what are their salaries?
The average compensation at Fremont Area Community Foundation during 2022 was $49,157. There are 4 employees at Fremont Area Community Foundation.
Here are 25 key members and their salaries:
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Official website here: www.facfoundation.org
Where can I find the form 990 for Fremont Area Community Foundation?
Fremont Area Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.facfoundation.org
Learn more at the official website: www.facfoundation.org
Mission Statement of Fremont Area Community Foundation
The Fremont Area Community Foundation is committed to enhancing the quality of life in its community by bridging donor interests with pressing societal needs. Acting as a pioneer and stimulus, the organization strives to foster innovative solutions to these challenges. By connecting generous contributors with the community's unmet requirements, the Fremont Area Community Foundation serves as a vital catalyst in the development of effective strategies to improve the overall well-being of the area.
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Impact
July, 2024
Fremont Area Community Foundation's impact is centered around improving the quality of life in the Fremont area. By connecting donor interest with community needs, the foundation serves as a leader and catalyst in developing solutions for the betterment of the community. Through its philanthropic efforts, the foundation plays a vital role in addressing various challenges and fostering positive change in the Fremont area.
This information is meant to be a general summary of Fremont Area 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: $1,368,519
- Program Service Revenue: $375,265
- Gross Receipts: $4,891,897
Assets and Liabilities:
- Total Assets: $27,040,701
- Total Liabilities: $1,802,857
- Net Assets: $25,237,844
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEE INCOME
Revenue
$375,265
Organization Details
Founding Year
1980
Phone
(402) 721-4252Principal Officer
Terry Mcclain
Main Address
1005 E 23RD STREET, FREMONT, NE, 68025
Website
www.facfoundation.orgNTEE Category
Code: T31 - Philanthropy
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