Overview
What is Mclean Community Foundation?
The Mclean Community Foundation is a charitable organization, headquartered in McLean, Virginia, with a focus on enhancing the lives of its local community members. During the 2021/2022 fiscal year, it granted funds totaling $112,571 to 18 organizations, supporting various sectors such as schools, arts, public safety, healthcare, and public services. The foundation primarily operates for charitable and educational purposes by providing grants to nonprofit organizations within the McLean Planning District. Its mission is to promote local philanthropy and advance civic, educational, and social interests, ultimately benefiting the residents of the McLean area.
Official website here: www.mcfonline.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating.
The McLean Community Foundation has achieved an 83% rating from Charity Navigator, which reflects its strong accountability and finance practices. The score is derived entirely from the Accountability & Finance category, indicating that the organization demonstrates a solid commitment to transparency and responsible financial management. Key strengths include a fully independent board, no material diversion of assets, and a high program expense ratio, showing that a significant portion of funds is directed toward its programs.
However, the foundation has noted a few areas for improvement. It does not have a whistleblower policy or a document retention and destruction policy in place, which could affect its overall governance framework. While these omissions do not detract significantly from its positive rating, addressing them could enhance its accountability further.
Overall, the McLean Community Foundation is positioned as a reliable option for donors interested in supporting community initiatives, backed by robust financial health and governance practices, as evidenced by its high program expense ratio and excellent board independence.
This AI summary has been generated from information found on Charity Navigator.
Is Mclean Community Foundation legitimate?
Mclean Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mclean 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:
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For more financial information, click here
Official website here: www.mcfonline.org
What is the mission statement of Mclean Community Foundation?
The Mclean Community Foundation operates solely for charitable and educational purposes, providing grants to non-profit organizations to benefit the local community. Its mission is to promote local philanthropy and advance civic, educational, and social interests, all for the betterment of the residents in its area. The foundation's grants support vital charitable and educational projects that significantly impact the lives of the citizens, as demonstrated by the $112,571 granted to 18 organizations during the 2021/2022 fiscal year, funding initiatives in areas such as schools, the arts, public safety, healthcare, and public services.
Official website here: www.mcfonline.org
Who is the CEO of Mclean Community Foundation?
Amy Swaak is the President of Mclean Community Foundation.
Official website here: www.mcfonline.org
What is the revenue of Mclean Community Foundation?
Mclean Community Foundation's revenue in 2022 was $189,868.
Official website here: www.mcfonline.org
Who are the executives of Mclean Community Foundation and what are their salaries?
There 13 volunteers at Mclean Community Foundation.
Here are 11 key members and their salaries:
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Official website here: www.mcfonline.org
Where can I find the form 990 for Mclean Community Foundation?
Mclean Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mcfonline.org
Learn more at the official website: www.mcfonline.org
Mission Statement of Mclean Community Foundation
The McLean Community Foundation, a philanthropic organization, operates with a primary focus on promoting local charitable and educational interests. Its mission is to advance the well-being of the community by granting funds to non-profit organizations, thereby supporting vital projects that directly impact the lives of its residents. By doing so, the foundation contributes to various sectors, including schools, arts, public safety, healthcare, and public services. During the fiscal year 2021/2022, the McLean Community Foundation granted a total of $112,571 to 18 organizations, demonstrating its commitment to making a substantial difference in the community.
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Impact
October, 2024
The Mclean Community Foundation significantly enhances the lives of residents in the McLean Planning District through targeted grants that support essential charitable and educational initiatives. By funding 18 organizations with a total of $112,571 in grants and sponsorships during the fiscal year 2021/2022, it bolsters projects that benefit schools, the arts, public safety, healthcare, and other vital public services. This financial support not only enriches community resources but also fosters local philanthropy, while advancing civic, educational, and social interests in the area. The Foundation's efforts create a positive impact, fostering a stronger, more connected community in Greater McLean.
This information is meant to be a general summary of Mclean 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: $83,491
- Gross Receipts: $347,422
Assets and Liabilities:
- Total Assets: $2,192,931
- Total Liabilities: $0
- Net Assets: $2,192,931
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Organization Details
Founding Year
1980
Phone
(202) 870-2197Principal Officer
Amy Swaak
Main Address
PO BOX 75, MCLEAN, VA, 22101
Website
www.mcfonline.orgNTEE Category
Code: S21Z - Community improvement
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