Overview
What is Arlington Community Foundation?
Arlington Community Foundation is a nonprofit organization situated in Arlington, Virginia. With a team of eight dedicated individuals, it focuses on charitable giving and grantmaking to improve quality of life in the community and beyond. Through proactive awards and collaborations with various organizations, the foundation addresses needs in areas such as economic mobility initiatives. One of their recent efforts involves supporting those affected by the pandemic through a prompt response fund. Additionally, they have a guaranteed income pilot and long-standing initiatives like Bridges Out of Poverty and Shared Prosperity. The foundation acts as a platform for individuals, families, and businesses to explore and implement their charitable visions. Its primary mission is to identify and elevate community needs, and to attract and deploy charitable resources to address those needs.
Official website here: www.arlcf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Stars)
The Arlington Community Foundation has received an impressive Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and transparency. With a perfect score of 100 in the Accountability & Finance category, the organization demonstrates exceptional financial management practices, including a fully independent board and no material diversion of assets. Their financial stability is highlighted by an excellent program expense ratio of 87.20% and minimal liabilities.
In addition to its financial strengths, the foundation has also excelled in the Culture & Community category, achieving a score of 90%. User feedback reflects high satisfaction, with a perfect score for constituent feedback and its effective use of that feedback in decision-making processes. Their practices and challenges also received full marks, suggesting a responsive organization that is attentive to community needs and perspectives.
While the Arlington Community Foundation shows strong performance overall, its Equity Strategies Score of 85 indicates there may be areas for further improvement in equity practices. However, the absence of a Leadership & Adaptability score suggests that there may not yet be enough data available to fully assess that aspect of the organization. Overall, the foundation appears to be a well-managed nonprofit making a positive impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Arlington Community Foundation legitimate?
Arlington Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Arlington 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:
Executive Compensation: $245,891
Professional Fundraising Fees: $0
Other Salaries and Wages: $479,385
For more financial information, click here
Official website here: www.arlcf.org
What is the mission statement of Arlington Community Foundation?
The Arlington Community Foundation exists to identify and elevate the needs in their community and attract and deploy charitable resources to address those needs. They steward the gifts and charitable legacies of individuals, families, and businesses to meet needs beyond their borders. Individuals and families use the foundation to explore and implement their charitable visions and missions, receiving staff assistance as desired. The foundation's discretionary funding primarily focuses on economic mobility initiatives, such as mitigating the displacement of low-income neighbors. This includes their Prompt Response Fund for pandemic relief and their Guaranteed Income Pilot, as well as long-standing Bridges Out of Poverty and Shared Prosperity Initiatives. The foundation collaborates with various organizations through these initiatives, including those in the business community, local and national nonprofits, and Arlington County.
Official website here: www.arlcf.org
Who is the CEO of Arlington Community Foundation?
Jennifer Owens is the Chair of Arlington Community Foundation. The CEO's salary of Arlington Community Foundation is $231,736 and their total compensation is $259,893.
Official website here: www.arlcf.org
What is the revenue of Arlington Community Foundation?
Arlington Community Foundation's revenue in 2022 was $17,611,148.
Official website here: www.arlcf.org
Who are the executives of Arlington Community Foundation and what are their salaries?
The average compensation at Arlington Community Foundation during 2022 was $90,660. There are 8 employees and 125 volunteers at Arlington Community Foundation.
Here are 18 key members and their salaries (Arlington Community Foundation's CEO's salary is $231,736 and their total compensation is $259,893):
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- Compensation: $231,736
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- Other: $28,157
- Compensation: $142,703
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- Other: $15,695
Official website here: www.arlcf.org
Where can I find the form 990 for Arlington Community Foundation?
Arlington Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.arlcf.org
Learn more at the official website: www.arlcf.org
Mission Statement of Arlington Community Foundation
Arlington Community Foundation is a charitable organization dedicated to enhancing the quality of life in Arlington and beyond. It exists to identify and elevate the needs of the community and attract and deploy charitable resources to address those needs. The foundation serves as a steward for the gifts and charitable legacies of individuals, families, and businesses, channeling these resources towards various initiatives.
In its community grantmaking, Arlington Community Foundation funds both proactive awards based on its special initiatives and the charitable intentions of individuals and families involved in the grantmaking process. Individuals and families utilize the foundation to explore and implement their own charitable visions and missions, availing of staff assistance as needed. The primary focus for the foundation's discretionary funding has been on economic mobility initiatives, with a significant portion dedicated to preventing the displacement of low-income neighbors. These initiatives include the Prompt Response Fund, which provided aid during the pandemic, the Guaranteed Income Pilot, and the long-standing Bridges Out of Poverty and Shared Prosperity programs. The Arlington Community Foundation collaborates with a variety of organizations through these initiatives, including businesses, Arlington County, and local and national nonprofits.
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Impact
October, 2024
The Arlington Community Foundation plays a vital role in enhancing the quality of life in Arlington and its surrounding areas through targeted charitable support and leadership. By proactively addressing community needs, the foundation implements initiatives aimed at fostering economic mobility, particularly for low-income residents.
Through its discretionary funding efforts, the foundation responds quickly to urgent needs, such as through the Prompt Response Fund, which provided essential support during the pandemic's health and economic fallout. Additionally, the Guaranteed Income Pilot and ongoing projects like Bridges Out of Poverty and Shared Prosperity are pivotal in creating sustainable solutions to alleviate displacement and enhance economic stability.
The foundation also serves as a platform for individuals, families, and businesses to engage in philanthropy, offering assistance in realizing their charitable visions. Collaborating with various organizations—from local businesses to government entities—allows the Arlington Community Foundation to effectively deploy resources and maximize its impact on the community. By stewarding the charitable legacies of those invested in Arlington's well-being, the foundation ensures that crucial support is directed where it's needed most, making a measurable difference in the lives of many.
This information is meant to be a general summary of Arlington 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: $5,161,499
- Program Service Revenue: $47,943
- Gross Receipts: $18,745,956
Assets and Liabilities:
- Total Assets: $28,029,567
- Total Liabilities: $5,024,042
- Net Assets: $23,005,525
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUND MANAGEMENT FEES
Revenue
$47,943
Organization Details
Founding Year
1991
Phone
(703) 243-4785Principal Officer
Jennifer Owens
Main Address
4601 N FAIRFAX DRIVE SUITE 1050, ARLINGTON, VA, 22203
Website
www.arlcf.orgNTEE Category
Code: T31 - Philanthropy
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