Overview
What is Redwood Credit Union Community Fund Inc?
Redwood Credit Union Community Fund Inc, located in Santa Rosa, California, is a nonprofit organization that encourages employee donations through payroll deductions. This charitable entity, with a mission to enhance community well-being, supports 501(c)(3) public charities. The organization is committed to making a significant impact by being thoughtful and purposeful in its giving, focusing on identifying and addressing the needs of those in its communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
Redwood Credit Union Community Fund Inc has received a 77% score from Charity Navigator, which reflects a Three-Star rating based on its accountability and financial performance. The score is derived solely from accountability metrics, indicating a strong emphasis on transparency and governance. The organization scored full points in several areas, including its whistleblower policy and the presence of a conflict of interest policy, contributing positively to its overall rating.
However, there are notable weaknesses in the charity's governance structure, specifically the lack of independent board members. With 0 out of 10 points for independent board members and independent board size, this raises concerns about potential conflicts of interest and the effectiveness of oversight. Despite these governance issues, the charity has demonstrated a solid financial foundation, with a low liabilities to assets ratio and a high program expense ratio, indicating that a significant majority of its funds are directed towards its mission-related activities.
Overall, while Redwood Credit Union Community Fund Inc shows strengths in financial metrics and policy transparency, the absence of independent board members is a significant limitation. Stakeholders may want to consider this aspect when evaluating the organization’s governance and accountability practices.
This AI summary has been generated from information found on Charity Navigator.
Is Redwood Credit Union Community Fund Inc legitimate?
Redwood Credit Union Community Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Redwood Credit Union Community Fund 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Redwood Credit Union Community Fund Inc?
Redwood Credit Union Community Fund Inc's mission is centered around making a significant impact on community well-being. They approach their philanthropy with respect and intention, aiming to meet the needs of others. The organization, Redwood Credit Union Community Fund Inc, was established with the purpose of contributing to the betterment of communities. Employees of Redwood Credit Union have the opportunity to donate to the fund through a payroll deduction system, allowing them to designate grants to eligible 501(c)(3) charities.
Who is the CEO of Redwood Credit Union Community Fund Inc?
Mishel Kaufman is the Vice President/Secretary of Redwood Credit Union Community Fund Inc.
What is the revenue of Redwood Credit Union Community Fund Inc?
Redwood Credit Union Community Fund Inc's revenue in 2022 was $1,263,338.
Who are the executives of Redwood Credit Union Community Fund Inc and what are their salaries?
There 5 volunteers at Redwood Credit Union Community Fund Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Redwood Credit Union Community Fund Inc?
Redwood Credit Union Community Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Redwood Credit Union Community Fund Inc
Redwood Credit Union Community Fund Inc, a philanthropic organization, is committed to making a significant impact in enhancing the well-being of communities. Their mission is defined by a respectful and deliberate approach to giving, aiming to address the needs of others. The Redwood Credit Union Community Fund Inc exists with the purpose of extending help and support to various sectors, demonstrating their dedication to the betterment of communities at large.
Employees of Redwood Credit Union have the opportunity to contribute to the organization through a payroll deduction scheme. This employee giving campaign allows individuals to designate 501(c)(3) public charities as the recipient of their donations. This initiative underscores Redwood Credit Union Community Fund Inc's commitment to working together with its employees and the wider community to foster positive change and improve livelihoods.
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Impact
July, 2024
Redwood Credit Union Community Fund Inc helps to make a meaningful impact in advancing the well-being of our communities through its philanthropic activities. Its employee giving campaign allows employees to donate to the organization through payroll deductions and designate grantee recipients that are 501(c)(3) public charities. The organization, based in Santa Rosa, CA, exists to meet the needs of others and is respectful and intentional in its giving approach.
This information is meant to be a general summary of Redwood Credit Union Community Fund 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: $123,650
- Gross Receipts: $2,391,805
Assets and Liabilities:
- Total Assets: $8,906,263
- Total Liabilities: $159,793
- Net Assets: $8,746,470
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Organization Details
Founding Year
2015
Phone
(707) 576-5260Principal Officer
Mishel Kaufman
Main Address
3033 CLEVELAND AVENUE 100, SANTA ROSA, CA, 95403
NTEE Category
Code: T31 - Philanthropy
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