Overview
What is South City Foundation Inc?
South City Foundation Inc is a nonprofit organization situated in Tallahassee, Florida, specifically at 1126-A LEE AVENUE. Their primary objective is to revitalize the South City neighborhood in Tallahassee through collaborative efforts with purpose-built communities. They boast a team of eight dedicated individuals, continually working towards this mission. The foundation's activities are centered around rejuvenating the community, a commitment they uphold with purpose and determination.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
South City Foundation Inc has received a 79% rating from Charity Navigator, which translates to a Three-Star rating. This score indicates that the organization demonstrates a reasonable level of accountability and transparency in its operations. Such ratings are essential for potential donors to assess the effectiveness of a nonprofit in managing resources and achieving its mission.
The foundation exhibits strong governance features, including a fully independent board comprising 17 members, which is a positive aspect of its oversight. It has also implemented various policies, such as conflict of interest and whistleblower protections, which are critical for maintaining integrity and trust. The program expense ratio is impressive at 85.47%, suggesting that a significant portion of its funds is directed toward its programs and services rather than administrative costs.
However, the foundation faces challenges with its liabilities to assets ratio, which stands at 91.39%. This indicates that the organization may have a high level of liabilities compared to its assets, which could raise concerns about its financial stability in the long term. While the organization has strengths in accountability and program efficiency, addressing its financial leverage will be important for sustainable growth and donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is South City Foundation Inc legitimate?
South City Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. South City 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:
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Other Salaries and Wages: $66,851
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What is the mission statement of South City Foundation Inc?
The South City Foundation Inc's mission is centered around revitalizing a specific neighborhood, referred to as South City, in Tallahassee, Florida. They accomplish this by partnering with purpose-built communities. The organization's primary objective is to breathe new life into this neighborhood, aiming to contribute positively to its development and improvement. Their activities are focused on working collaboratively with these communities to drive change and enhance the overall quality of life in the area.
Who is the CEO of South City Foundation Inc?
Loranne Ausley is the Co Chair of South City Foundation Inc.
What is the revenue of South City Foundation Inc?
South City Foundation Inc's revenue in 2022 was $202,716.
Who are the executives of South City Foundation Inc and what are their salaries?
The average compensation at South City Foundation Inc during 2022 was $8,356. There are 8 employees and 17 volunteers at South City Foundation Inc.
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Where can I find the form 990 for South City Foundation Inc?
South City Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of South City Foundation Inc
South City Foundation Inc is committed to revitalizing Tallahassee's South City neighborhood by partnering with purpose-built communities. Their mission is to contribute positively to this community, aiming to breathe new life into the area. This nonprofit organization understands the significance of community-driven projects and works diligently to foster a sense of renewal and growth in South City, Florida.
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Impact
October, 2024
South City Foundation Inc plays a crucial role in revitalizing Tallahassee's South City neighborhood by partnering with Purpose Built Communities. This collaboration focuses on creating meaningful change and improvement within the community, addressing various social and economic challenges. By engaging with local residents and stakeholders, the foundation fosters initiatives aimed at enhancing housing, education, and community well-being. Its impact is evident in the strengthened sense of community, increased access to resources, and the upliftment of the neighborhood, creating a more vibrant and sustainable environment for current and future residents.
This information is meant to be a general summary of South City 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: $71
- Gross Receipts: $202,716
Assets and Liabilities:
- Total Assets: $548,279
- Total Liabilities: $501,126
- Net Assets: $47,153
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Organization Details
Founding Year
2018
Phone
(850) 544-3024Principal Officer
Loranne Ausley
Main Address
1126-A LEE AVENUE, TALLAHASSEE, FL, 32303
NTEE Category
Code: S20 - Community improvement
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