Overview
What is The Community Foundation Of Frederick County Maryland Inc?
The Community Foundation of Frederick County Maryland Inc, based in Frederick, is a dedicated nonprofit organization that identifies community needs through periodic assessments and determines strategic priorities for grantmaking. Generous donors contribute to this foundation, which in FY2022 granted $6,792,004 to various nonprofits, benefiting many critical programs and serving thousands of residents. These grants, in addition to the $2,558,114 in scholarships awarded to 515 students, have significantly improved the well-being, growth, and success of Frederick County citizens. The organization is committed to connecting people who care with causes that enrich the quality of life in Frederick County now and for future generations. The foundation's volunteer grants committee oversees a rigorous review process for applicants, who must be in good standing with all state and federal registrations and provide detailed financial information. With a team of 19 employees, The Community Foundation of Frederick County Maryland Inc has made a tangible impact on the local community.
Official website here: www.frederickcountygives.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Stars)
The Community Foundation Of Frederick County Maryland Inc has achieved an impressive 99% rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With a perfect score of 100 in the Accountability & Finance category, the organization demonstrates excellent governance practices, including a fully independent board and robust financial oversight measures.
The foundation's operational efficiency is highlighted by an 81.79% program expense ratio, indicating that a significant majority of its funds are directed towards programs rather than administrative costs. Additionally, the low fundraising efficiency ratio of $0.05 shows that it raises funds effectively, keeping operational costs minimal. The organization has also implemented comprehensive policies, such as conflict of interest and whistleblower protections, reinforcing its ethical standards.
While the foundation's Culture & Community score of 91 reflects its efforts in promoting equity strategies, this aspect could be an area for ongoing development. Overall, The Community Foundation Of Frederick County Maryland Inc stands out for its transparency, strong financial management, and commitment to serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
Is The Community Foundation Of Frederick County Maryland Inc legitimate?
The Community Foundation Of Frederick County Maryland Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Community Foundation Of Frederick County Maryland 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: $440,927
Professional Fundraising Fees: $0
Other Salaries and Wages: $908,930
For more financial information, click here
Official website here: www.frederickcountygives.org
What is the mission statement of The Community Foundation Of Frederick County Maryland Inc?
The Community Foundation of Frederick County Maryland Inc focuses on enhancing the lives of citizens by connecting generous donors with worthwhile causes. In the fiscal year 2022, grants worth $6,792,004 were distributed to numerous nonprofits, benefiting thousands of residents by supporting their critical programs. Additionally, $2,558,114 in scholarships were awarded to 514 students for post-secondary studies. By addressing community needs through strategic grantmaking, the foundation strives to enrich the quality of life for current and future generations. The organization identifies community priorities and invites qualified 501C3 organizations and government entities to apply for funding. Applicants undergo a rigorous review process, and those selected must provide detailed financial information and reports to ensure accountability.
Official website here: www.frederickcountygives.org
Who is the CEO of The Community Foundation Of Frederick County Maryland Inc?
Elizabeth Y Day is the Trustee of The Community Foundation Of Frederick County Maryland Inc. The CEO's salary of The Community Foundation Of Frederick County Maryland Inc is $176,936 and their total compensation is $200,047.
Official website here: www.frederickcountygives.org
What is the revenue of The Community Foundation Of Frederick County Maryland Inc?
The Community Foundation Of Frederick County Maryland Inc's revenue in 2022 was $29,735,655.
Official website here: www.frederickcountygives.org
Who are the executives of The Community Foundation Of Frederick County Maryland Inc and what are their salaries?
The average compensation at The Community Foundation Of Frederick County Maryland Inc during 2022 was $71,045. There are 19 employees and 149 volunteers at The Community Foundation Of Frederick County Maryland Inc.
Here are 26 key members and their salaries (The Community Foundation Of Frederick County Maryland Inc's CEO's salary is $176,936 and their total compensation is $200,047):
- 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
- 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
- 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
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $176,936
- Related: $0
- Other: $23,111
- Compensation: $146,589
- Related: $0
- Other: $20,193
- Compensation: $130,845
- Related: $0
- Other: $12,903
Official website here: www.frederickcountygives.org
Where can I find the form 990 for The Community Foundation Of Frederick County Maryland Inc?
The Community Foundation Of Frederick County Maryland Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.frederickcountygives.org
Learn more at the official website: www.frederickcountygives.org
Mission Statement of The Community Foundation Of Frederick County Maryland Inc
The Community Foundation of Frederick County Maryland, a renowned philanthropic organization, is committed to improving the lives of Frederick County citizens by connecting generous donors with causes that matter. Through strategic grants and scholarships, the foundation enriches the quality of life in Frederick County, both now and for future generations.
In the fiscal year 2022 alone, the foundation distributed over $6.79 million in grants to numerous nonprofits in the community. These grants supported critical programs and provided essential services to thousands of residents, enhancing their well-being and promoting growth. Furthermore, the foundation awarded $2.558 million in scholarships to 514 students, enabling them to pursue post-secondary education and career training. Consequently, the foundation's initiatives have significantly contributed to the overall improvement of Frederick County citizens' lives.
The Community Foundation of Frederick County Maryland is dedicated to addressing the unique needs of the community through its strategic initiative grants. By conducting periodic assessments and identifying community priorities, the foundation determines strategic funding areas. Qualified 501C3 organizations and government/quasi-government entities can apply for funding for programs not typically funded through tax revenue. The application process involves a rigorous review by the Community Foundation's volunteer Grants Committee, ensuring that organizations meet all state and federal registrations and provide detailed descriptions of their programs, expected outcomes, and financial information. Regular reports from grantees ensure accountability and transparency, allowing the foundation to continue making a positive impact in Frederick County.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Community Foundation of Frederick County, Maryland, has a significant impact on the lives of local residents through its commitment to connecting generous donors with essential causes. In the fiscal year 2022, the foundation facilitated grants totaling $6,792,004, supporting vital programs that benefited many community members and enhanced the services they receive. This funding addressed critical needs identified through ongoing assessments of community priorities, enabling a structured approach to grantmaking that responds effectively to local challenges.
Moreover, the foundation awarded $2,558,114 in scholarships for post-secondary education, including career training, to 514 students. These scholarships not only improve individual well-being and success but also contribute to the overall growth and enrichment of the community, encouraging residents to pursue their educational and career aspirations.
By fostering a culture of philanthropy, the foundation motivates community members to engage actively with its initiatives, thereby strengthening social ties and enhancing the quality of life in Frederick County. The rigorous review process for funding applications ensures that resources are allocated to programs with well-defined outcomes and accountability, maximizing the positive impact on the community both now and for future generations.
This information is meant to be a general summary of The Community Foundation Of Frederick County Maryland 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: $12,438,455
- Gross Receipts: $53,499,831
Assets and Liabilities:
- Total Assets: $156,334,571
- Total Liabilities: $10,880,001
- Net Assets: $145,454,570
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1986
Phone
(301) 695-7660Principal Officer
Elizabeth Y Day
Main Address
312 EAST CHURCH STREET, FREDERICK, MD, 21701
Website
www.frederickcountygives.orgNTEE Category
Code: T31 - Philanthropy
If you are a representative of The Community Foundation Of Frederick County Maryland Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.