Overview
What is The Community Foundation Of Washington County Maryland Inc?
The Community Foundation of Washington County Maryland Inc is a charitable organization based in Hagerstown, Maryland. With a focus on promoting philanthropy, they manage endowment funds to support a wide range of interests within the county. Their primary goal is to provide grants to various 501(c)(3) organizations, which in turn offer assistance to underprivileged individuals in Washington County. The foundation also supports various fields of interest, such as arts and culture, historic preservation, youth and recreation, health and human services, education, and animal welfare. Their mission is to enhance the wellbeing of Washington County by fostering philanthropy and establishing endowment funds for diverse nonprofit activities and scholarships. The organization currently employs a team of four individuals.
Official website here: www.cfwcmd.org
What are the reviews and ratings of this charity?
**: Charity Navigator Rating 100% (Four-Star out of Four Stars)**tar)**
The Community Foundation of Washington County Maryland Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting exemplary accountability and financial health. This rating is primarily based on the charity's outstanding performance in financial management, which includes a perfect score in several key areas such as program expense ratio, liabilities to assets ratio, and independence of board members.
Strengths of the foundation include a diversified board comprised entirely of independent members and effective governance practices, such as a documented conflict of interest policy and a whistleblower policy. The foundation also demonstrates strong fiscal responsibility, with a significant proportion of its expenses dedicated to programs, highlighting its commitment to mission-driven work.
While the organization demonstrates high efficiency in program expenditures, it received a lower score in fundraising efficiency, indicating potential opportunities for improvement in fundraising strategies. Overall, the foundation's commitment to accountability and transparency positions it as a trusted steward of community resources.
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This AI summary has been generated from information found on Charity Navigator.
Is The Community Foundation Of Washington County Maryland Inc legitimate?
The Community Foundation Of Washington County Maryland Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Community Foundation Of Washington 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: $129,812
Professional Fundraising Fees: $0
Other Salaries and Wages: $163,507
For more financial information, click here
Official website here: www.cfwcmd.org
What is the mission statement of The Community Foundation Of Washington County Maryland Inc?
The Community Foundation of Washington County Maryland Inc's mission is centered around promoting philanthropy. They achieve this by establishing endowment funds that provide grants to various 501(c)(3) organizations. These organizations, in turn, offer assistance to needy individuals in the county. Beyond this, the foundation also supports causes in other fields such as arts and culture, historic preservation, youth and recreation, health and human services, education, and animal welfare. Moreover, the foundation's mission extends to promoting philanthropy for the benefit of the entire county, supporting the full spectrum of nonprofit activity and scholarships. In essence, their primary goal is to create and manage endowment funds that cater to a wide range of non-profit interests within the county.
Official website here: www.cfwcmd.org
Who is the CEO of The Community Foundation Of Washington County Maryland Inc?
Todd M Snook is the Chair of The Community Foundation Of Washington County Maryland Inc.
Official website here: www.cfwcmd.org
What is the revenue of The Community Foundation Of Washington County Maryland Inc?
The Community Foundation Of Washington County Maryland Inc's revenue in 2022 was $8,449,112.
Official website here: www.cfwcmd.org
Who are the executives of The Community Foundation Of Washington County Maryland Inc and what are their salaries?
The average compensation at The Community Foundation Of Washington County Maryland Inc during 2022 was $73,330. There are 4 employees and 35 volunteers at The Community Foundation Of Washington County Maryland Inc.
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Official website here: www.cfwcmd.org
Where can I find the form 990 for The Community Foundation Of Washington County Maryland Inc?
The Community Foundation Of Washington County Maryland Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfwcmd.org
Learn more at the official website: www.cfwcmd.org
Mission Statement of The Community Foundation Of Washington County Maryland Inc
The Community Foundation of Washington County Maryland Inc is dedicated to fostering philanthropy, with a primary focus on establishing endowment funds. These funds provide grants to various 501(c)(3) public organizations that offer assistance to underprivileged individuals in Washington County, Maryland. Beyond this, the foundation also supports initiatives in other fields of interest, such as arts and culture, historic preservation, youth and recreation, health and human services, education, and animal welfare.
In essence, the mission of The Community Foundation of Washington County Maryland Inc is to promote philanthropy for the benefit of the county. This is achieved by creating and managing endowment funds to support a wide spectrum of non-profit activities and scholarships within the area. The foundation's efforts aim to strengthen the community by providing financial resources to organizations that align with its mission, ultimately improving the quality of life for residents in Washington County.
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Impact
July, 2024
The impact of The Community Foundation Of Washington County Maryland Inc is evident through its promotion of philanthropy for the benefit of Washington County, MD. By creating and managing endowment funds that support a wide range of nonprofit interests in the county, the organization plays a crucial role in providing assistance to needy individuals, funding initiatives in arts & culture, historic preservation, youth and recreation, health and human services, education, and animal welfare. Additionally, The Community Foundation Of Washington County Maryland Inc offers scholarships to support the educational endeavors of individuals in the county. Through these efforts, the organization contributes significantly to the betterment of the community and the overall well-being of its residents.
This information is meant to be a general summary of The Community Foundation Of Washington 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: $3,273,984
- Program Service Revenue: $54,187
- Gross Receipts: $14,023,241
Assets and Liabilities:
- Total Assets: $51,098,241
- Total Liabilities: $4,850,286
- Net Assets: $46,247,955
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ENDOWMENT & MANAGEMENT FEES
Revenue
$54,187
Organization Details
Founding Year
1995
Phone
(301) 745-5210Principal Officer
Todd M Snook
Main Address
37 SOUTH POTOMAC STREET, HAGERSTOWN, MD, 21740
Website
www.cfwcmd.orgNTEE Category
Code: T31 - Philanthropy
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