Overview
What is Community Foundation Of Anne Arundel Co?
The Community Foundation of Anne Arundel Co is a nonprofit organization situated in Annapolis, Maryland, specifically at 900 Bestgate Road STE 400, with a staff of 11 individuals. Their primary mission is to promote philanthropy within Anne Arundel County. They achieve this by identifying critical community needs, collaborating with donors to help them meet their charitable goals, and fostering collaboration between local nonprofits to strengthen their impact. The foundation also manages a pool of charitable assets, which it distributes to support various local charitable organizations, thereby encouraging charitable giving.
Official website here: www.cfaac.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98%, Four-Star out of Four Star rating from Charity Navigator.
The Community Foundation of Anne Arundel County has received an impressive Four-Star rating, reflecting its strong accountability and financial health. With a perfect score of 100 in Accountability & Finance, the organization demonstrates effective governance, including a fully independent board, comprehensive policies, and a solid audit and oversight process. This high level of transparency and fiscal responsibility is significant for potential donors and stakeholders.
The foundation also excels in program efficiency, with an impressive program expense ratio of 89.58%, indicating that a substantial portion of funds is directed towards its mission-driven programs. Additionally, the organization showcases excellent fundraising efficiency, maintaining a low cost of fundraising at just $0.03 per dollar raised. Their financial stability is further highlighted by a favorable liabilities to assets ratio and a robust working capital ratio of 5.18 years.
While the organization performs well overall, there's room for improvement in equity strategies, scoring 81 out of 100. Nonetheless, the foundation actively seeks and utilizes constituent feedback, scoring a perfect 100 across various feedback metrics, which indicates a strong commitment to community engagement and responsiveness in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of Anne Arundel Co legitimate?
Community Foundation Of Anne Arundel Co is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of Anne Arundel Co 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: $165,939
Professional Fundraising Fees: $0
Other Salaries and Wages: $341,562
For more financial information, click here
Official website here: www.cfaac.org
What is the mission statement of Community Foundation Of Anne Arundel Co?
The Community Foundation of Anne Arundel Co's mission is centered around assembling and managing a pool of charitable assets. This endeavor serves two primary purposes: supporting local charitable organizations and advocating for charitable giving. By fostering philanthropy, the foundation aims to identify critical needs within the community. It also partners with donors, assisting them in achieving their philanthropic goals. Furthermore, the foundation encourages collaboration among local nonprofits, aiming to strengthen their collective impact.
Official website here: www.cfaac.org
Who is the CEO of Community Foundation Of Anne Arundel Co?
Mary Spencer is the President Ceo of Community Foundation Of Anne Arundel Co. The CEO's salary of Community Foundation Of Anne Arundel Co is $159,808 and their total compensation is $165,939.
Official website here: www.cfaac.org
What is the revenue of Community Foundation Of Anne Arundel Co?
Community Foundation Of Anne Arundel Co's revenue in 2022 was $6,555,142.
Official website here: www.cfaac.org
Who are the executives of Community Foundation Of Anne Arundel Co and what are their salaries?
The average compensation at Community Foundation Of Anne Arundel Co during 2022 was $46,136. There are 11 employees at Community Foundation Of Anne Arundel Co.
Here are 22 key members and their salaries (Community Foundation Of Anne Arundel Co's CEO's salary is $159,808 and their total compensation is $165,939):
- Compensation: $159,808
- Related: $0
- Other: $6,131
- 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
Official website here: www.cfaac.org
Where can I find the form 990 for Community Foundation Of Anne Arundel Co?
Community Foundation Of Anne Arundel Co's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfaac.org
Learn more at the official website: www.cfaac.org
Mission Statement of Community Foundation Of Anne Arundel Co
The Community Foundation of Anne Arundel Co is committed to fostering charitable giving and supporting local charitable organizations. Their mission is to assemble and manage a pool of charitable assets, serving as a bridge between donors and the community's critical needs. By partnering with donors, the foundation helps these individuals achieve their philanthropic goals, guiding them towards making impactful contributions to the community. Furthermore, the Community Foundation of Anne Arundel Co encourages collaboration among local nonprofits, aiming to strengthen these organizations and enhance their ability to serve the community effectively.
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
July, 2024
The impact of the Community Foundation Of Anne Arundel Co includes supporting local charitable organizations, fostering charitable giving, promoting philanthropy, identifying critical needs in Anne Arundel County, partnering with donors to meet their philanthropic goals, and strengthening the local community through collaboration. Through its work, the foundation plays a key role in addressing important issues and improving the well-being of the community in Annapolis, Maryland.
This information is meant to be a general summary of Community Foundation Of Anne Arundel Co. 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: $617,446
- Program Service Revenue: $18,111
- Gross Receipts: $9,045,688
Assets and Liabilities:
- Total Assets: $26,887,438
- Total Liabilities: $1,900,288
- Net Assets: $24,987,150
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$4,629
MANAGEMENT FEES
Revenue
$13,482
Organization Details
Founding Year
1998
Phone
(410) 280-1102Principal Officer
Mary Spencer
Main Address
900 BESTGATE ROAD STE 400, ANNAPOLIS, MD, 21401
Website
www.cfaac.orgNTEE Category
Code: T31 - Philanthropy
If you are a representative of Community Foundation Of Anne Arundel Co 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.