Overview
What is Cerity Partners Foundation?
The Cerity Partners Foundation is a charitable organization headquartered at 5 Hamilton Landing 200 in Novato, California (94949). During the fiscal year ending June 30, 2022, they made 610 grants totaling $12,072,798, contributing significantly to various philanthropic causes. The Foundation's mission, consistent with that of the Marin Community Foundation (MCF), is geared towards improving the human condition, embracing diversity, promoting a humane and democratic society, and enhancing community quality of life. Through charitable grant making, the Cerity Partners Foundation supports initiatives aimed at creating positive change and addressing societal needs.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating 90% - Four-Star out of Four Star Rating
Cerity Partners Foundation has received a solid Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. The foundation's overall score is derived entirely from its accountability and finance performance, which stands at 90%. This high score indicates effective management of resources and commitment to transparency, essential factors for donor trust.
Key strengths of the organization include its majority independent board members and a comprehensive set of policies that promote ethical governance. The foundation also demonstrates a robust program expense ratio, with 95.72% of its expenditures going directly towards its programs, showcasing a strong commitment to its mission. Additionally, the organization has maintained a low liability-to-assets ratio, indicating sound financial practices.
However, there is a notable limitation in the fundraising efficiency ratio, which scored zero due to high costs in fundraising activities. This may raise concerns regarding the sustainability of fundraising efforts in the long term. Despite this, the foundation's financial stability, as indicated by a working capital ratio of 5.22 years, suggests it is well-positioned to continue its operations effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Cerity Partners Foundation legitimate?
Cerity Partners Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cerity Partners 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: $0
For more financial information, click here
Official website here: www.none
What is the mission statement of Cerity Partners Foundation?
The Cerity Partners Foundation is dedicated to carrying out charitable initiatives that align with the philanthropic aims of the MCF. The MCF, in its mission, strives to inspire and allocate philanthropic resources to better the human condition, embrace diversity, foster a humane and democratic society, and boost the community's overall quality of life. The organization's charitable activities aim to make a positive impact and contribute to these objectives.
Official website here: www.none
Who is the CEO of Cerity Partners Foundation?
Rhea Suh is the President & Ceo of Cerity Partners Foundation. The CEO's salary of Cerity Partners Foundation is $0 and their total compensation is $189,353.
Official website here: www.none
What is the revenue of Cerity Partners Foundation?
Cerity Partners Foundation's revenue in 2022 was $16,614,199.
Official website here: www.none
Who are the executives of Cerity Partners Foundation and what are their salaries?
There 5 volunteers at Cerity Partners Foundation.
Here are 10 key members and their salaries (Cerity Partners Foundation's CEO's salary is $0 and their total compensation is $189,353):
- Compensation: $0
- Related: $559,072
- Other: $76,294
- Compensation: $0
- Related: $394,129
- Other: $73,364
- Compensation: $0
- Related: $235,092
- Other: $43,808
- Compensation: $0
- Related: $185,006
- Other: $4,347
- Compensation: $0
- Related: $112,135
- Other: $48,961
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Cerity Partners Foundation
The Cerity Partners Foundation is a philanthropic organization that is dedicated to making charitable grants in alignment with the charitable objectives of the Mission Foundation (MCF). MCF aims to inspire and facilitate philanthropic donations to enhance the human condition, embrace diversity, foster a humane and democratic society, and enhance the community's overall quality of life. The Cerity Partners Foundation contributes to this mission by engaging in charitable activities that reflect the values and goals of MCF. Through its charitable initiatives, the Foundation aspires to make a positive impact on people's lives and promote social betterment.
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Impact
October, 2024
Cerity Partners Foundation significantly enhances community well-being through charitable grantmaking. In the fiscal year ending June 30, 2022, the foundation awarded 610 grants totaling $12,072,798. This substantial investment underscores its commitment to philanthropic efforts aimed at improving the human condition, embracing diversity, and promoting a humane and democratic society. By targeting diverse initiatives, the foundation plays a vital role in enriching the quality of life within communities, fostering a culture of support, and uplifting those in need.
This information is meant to be a general summary of Cerity Partners 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: $1,882,723
- Gross Receipts: $55,887,628
Assets and Liabilities:
- Total Assets: $39,316,307
- Total Liabilities: $4,591,551
- Net Assets: $34,724,756
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Organization Details
Founding Year
2004
Phone
(415) 464-2500Principal Officer
Rhea Suh
Main Address
5 HAMILTON LANDING 200, NOVATO, CA, 94949
Website
www.noneNTEE Category
Code: T11 - Philanthropy
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