Overview
What is Greater White Bear Lake Community Foundation?
The Greater White Bear Lake Community Foundation is a nonprofit organization situated in White Bear Lake, Minnesota. Their mission is to stimulate charitable giving and better the lives of residents within the communities surrounding White Bear Lake. In 2022, they distributed a total of $163,177 in grants, with 47 grants given in total. These grants were awarded from various sources, including the Community Partners Fund, Donor Advised Funds, Field of Interest Funds, Designated Funds, and others, totaling $78,217, $72,460, $12,500, and varying amounts, respectively. Their activities strive to enrich the community by addressing various needs and promoting philanthropy within the area.
Official website here: www.greaterwblfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The Greater White Bear Lake Community Foundation has received a Four-Star rating from Charity Navigator, indicating a high level of financial health and accountability. This rating is based entirely on accountability and finance metrics, showcasing the organization's commitment to transparency and responsible management of its resources. The foundation's strong financial ratios, including a program expense ratio of 92.54%, suggest that a significant portion of its expenditures directly supports its charitable mission.
The foundation boasts a fully independent board, with 100% of its members meeting this criterion. This governance model is further reinforced by their comprehensive audit and oversight practices, ensuring that financial activities are closely monitored and managed. Additionally, the presence of policies such as conflict of interest and whistleblower protections highlights the foundation's dedication to ethical operation and safeguarding stakeholder interests.
Overall, the Greater White Bear Lake Community Foundation demonstrates exemplary standards in accountability and financial practices. However, while the data points to a robust organizational structure, further insights into the specific impacts of their programs and initiatives would provide a more complete picture of their effectiveness in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Greater White Bear Lake Community Foundation legitimate?
Greater White Bear Lake Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater White Bear Lake 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.
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Official website here: www.greaterwblfoundation.org
What is the mission statement of Greater White Bear Lake Community Foundation?
The Greater White Bear Lake Community Foundation's mission is to inspire philanthropy and enhance the lives of individuals residing in the communities bordering White Bear Lake. The organization seeks to achieve this goal by encouraging charitable contributions and investments that positively impact the local community. In 2022, the foundation distributed grants amounting to $163,177, enriching the lives of numerous individuals across various projects. These grants were awarded from various funds, including the Community Partners Fund, Donor-Advised Funds, Field of Interest Funds, Designated Funds, and others. The foundation's activities are primarily focused on supporting initiatives that improve the well-being and quality of life for the community's residents.
Official website here: www.greaterwblfoundation.org
Who is the CEO of Greater White Bear Lake Community Foundation?
Dave Swanson is the Chair of Greater White Bear Lake Community Foundation.
Official website here: www.greaterwblfoundation.org
What is the revenue of Greater White Bear Lake Community Foundation?
Greater White Bear Lake Community Foundation's revenue in 2022 was $604,123.
Official website here: www.greaterwblfoundation.org
Who are the executives of Greater White Bear Lake Community Foundation and what are their salaries?
There 50 volunteers at Greater White Bear Lake Community Foundation.
Here are 18 key members and their salaries:
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Official website here: www.greaterwblfoundation.org
Where can I find the form 990 for Greater White Bear Lake Community Foundation?
Greater White Bear Lake Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.greaterwblfoundation.org
Learn more at the official website: www.greaterwblfoundation.org
Mission Statement of Greater White Bear Lake Community Foundation
The Greater White Bear Lake Community Foundation, as its mission statement suggests, aims to inspire philanthropy and enrich the lives of individuals residing in the communities that border White Bear Lake. By fostering a culture of giving, the organization seeks to contribute positively to the well-being and quality of life in these communities.
In practice, the Greater White Bear Lake Community Foundation accomplishes its mission by distributing grants annually. During 2022, the organization disbursed a total of $163,177, benefiting various initiatives and projects within the communities. The distribution process involved 47 grants in total, with 22 competitive grants worth $78,217 coming from the Community Partners Fund, 23 grants worth $72,460 issued from Donor Advised Funds, and 2 grants worth $12,500 from Field of Interest Funds, Designated Funds, and Others. These grants contributed to enhancing the lives of people in these communities, demonstrating the foundation's commitment to its mission.
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Impact
July, 2024
The Greater White Bear Lake Community Foundation's impact can be seen in the enriching of lives within the communities that share the shores of White Bear Lake. In 2022 alone, the organization distributed $163,177 in grants, with a total of 47 grants given out. These grants were aimed at improving the quality of life for individuals in the area, with 22 competitive grants totaling $78,217 coming from the Community Partners Fund, 23 grants amounting to $72,460 issued from donor-advised funds, and 2 grants totaling $12,500 from Field of Interest Funds, designated funds, and others. Through its philanthropic endeavors, the foundation plays a crucial role in enhancing the well-being of those residing in the community.
This information is meant to be a general summary of Greater White Bear Lake 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: $74,503
- Program Service Revenue: $17,500
- Gross Receipts: $673,234
Assets and Liabilities:
- Total Assets: $4,145,334
- Total Liabilities: $185,403
- Net Assets: $3,959,931
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$17,500
Organization Details
Founding Year
2015
Phone
(651) 408-5412Principal Officer
Dave Swanson
Main Address
PO BOX 10626, WHITE BEAR LAKE, MN, 55110
Website
www.greaterwblfoundation.orgNTEE Category
Code: T30 - Philanthropy
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