Overview
What is Waterloo Community Foundation?
The Waterloo Community Foundation is a nonprofit organization situated in Waterloo, Iowa. Their primary purpose is to serve as a conduit for individuals and organizations wishing to contribute resources to enhance the well-being of the greater Waterloo community and its residents. They manage funds on behalf of numerous donors, distributing financial support primarily towards the needs of Waterloo. The foundation operates with a lean, straightforward, and transparent approach, ensuring the efficient allocation of resources for community betterment. With a staff of two dedicated individuals, they strive to make a significant impact in their local community.
Official website here: www.wloocommunityfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating)
The Waterloo Community Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The rating is based solely on the Foundation's performance in the Accountability & Finance beacon, highlighting its commitment to transparency and responsible management of resources.
The Foundation's board is composed entirely of independent members, with a strong size of 13 members, reflecting its governance strength. Financial statements are thoroughly reviewed, and there have been no reported material diversions of assets. Furthermore, the Foundation has established essential policies, including conflict of interest and whistleblower policies, which enhance its operational integrity.
While the Foundation's financial ratios indicate strong fiscal health, with a program expense ratio of 71.37%, which shows that a significant portion of funding goes directly to its programs, this concentration on fiscal metrics means that the overall impact of its programs is not evaluated in this rating. Nonetheless, the transparency and governance reflected in its rating suggest a reliable organization for potential donors and community members.
This AI summary has been generated from information found on Charity Navigator.
Is Waterloo Community Foundation legitimate?
Waterloo Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waterloo 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $120,360
For more financial information, click here
Official website here: www.wloocommunityfoundation.org
What is the mission statement of Waterloo Community Foundation?
The Waterloo Community Foundation serves as a straightforward and transparent channel for individuals who wish to contribute resources, aiming to improve the well-being of a specific community. Its mission is to provide financial support primarily for the needs of this community, managed and administered on behalf of various donors. By acting as a conduit, the foundation fosters development and betterment within the community, promoting a positive impact on its citizens.
Official website here: www.wloocommunityfoundation.org
Who is the CEO of Waterloo Community Foundation?
Erin Tink is the Executive Di of Waterloo Community Foundation.
Official website here: www.wloocommunityfoundation.org
What is the revenue of Waterloo Community Foundation?
Waterloo Community Foundation's revenue in 2022 was $952,660.
Official website here: www.wloocommunityfoundation.org
Who are the executives of Waterloo Community Foundation and what are their salaries?
The average compensation at Waterloo Community Foundation during 2022 was $60,180. There are 2 employees and 50 volunteers at Waterloo Community Foundation.
Here are 14 key members and their salaries:
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Official website here: www.wloocommunityfoundation.org
Where can I find the form 990 for Waterloo Community Foundation?
Waterloo Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wloocommunityfoundation.org
Learn more at the official website: www.wloocommunityfoundation.org
Mission Statement of Waterloo Community Foundation
Waterloo Community Foundation serves as a straightforward and transparent channel for individuals who wish to contribute resources towards the improvement of their community and its inhabitants in Waterloo, Iowa. The organization's mission is to provide a platform that facilitates the allocation of funds from various donors, ensuring that their contributions positively impact the local community's needs. By operating as a conduit vehicle, Waterloo Community Foundation plays a vital role in channeling resources towards various community-focused initiatives, contributing to the betterment of the greater Waterloo community and its citizens.
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Impact
July, 2024
Waterloo Community Foundation's impact lies in providing a direct and transparent channel for individuals and organizations looking to contribute resources for the betterment of the greater Waterloo, Iowa community and its citizens. By serving as a conduit for financial support primarily directed towards the needs of Waterloo, the foundation plays a crucial role in channeling funds maintained and administered on behalf of multiple donors. This approach ensures that resources are efficiently directed towards addressing the specific needs and challenges faced by the community, ultimately leading to positive outcomes and improvements for the residents of Waterloo.
This information is meant to be a general summary of Waterloo 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: $125,583
- Program Service Revenue: $49,817
- Gross Receipts: $3,556,177
Assets and Liabilities:
- Total Assets: $3,201,924
- Total Liabilities: $417,969
- Net Assets: $2,783,955
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$49,817
Organization Details
Founding Year
2015
Phone
(319) 883-6022Principal Officer
Erin Tink
Main Address
PO BOX 1253, WATERLOO, IA, 50701
NTEE Category
Code: T30 - Philanthropy
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