Overview
What is Community Foundation Of The Central Blue Ridge?
The Community Foundation of the Central Blue Ridge is a nonprofit organization situated in Staunton, Virginia. With a primary focus on enhancing the lives of local residents in Staunton, Waynesboro, and the surrounding counties of Augusta, Highland, and Nelson, they provide grants mainly to nonprofit organizations that align with their mission. These grants are awarded through competitive programs, recommendations from donor-advised fund partners, and decisions made by the CEO and board of directors to support strategic community initiatives. Additionally, the foundation offers scholarships on a competitive basis to individuals seeking further education, recognizing their significant impact on youth education in the area. The Community Foundation of the Central Blue Ridge strives to enrich the quality of life by responding to community needs, inspiring philanthropy, and providing leadership to community partners, while building endowment funds and making grants to charitable organizations.
Official website here: www.cfcbr.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 97% (Four-Star out of Four Star Rating)**
The Community Foundation Of The Central Blue Ridge has achieved an impressive Four-Star rating with a score of 97% from Charity Navigator, indicating a strong commitment to accountability and finance. The rating is derived solely from the Accountability & Finance beacon, showcasing the foundation's robust financial practices, governance structures, and transparency. Key strengths include a fully independent board, effective financial oversight, and no reported diversion of assets, which collectively enhance trust and reliability in their operations.
Strengths also include a high program expense ratio of 86.36%, demonstrating a commitment to allocating resources towards its core mission. The foundation shows excellent fiscal health, with a low liabilities-to-assets ratio and a significant working capital cushion, indicating stability and sustainability in its financial position. However, the charity received a score of zero for fundraising efficiency, which may raise questions about its fundraising practices relative to the revenue generated.
User reviews from GreatNonprofits could not be fetched, leaving a gap in current public sentiment regarding the foundation. Nevertheless, the strong financial metrics and governance standards imply a well-managed organization focused on making a positive impact in the Central Blue Ridge community.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of The Central Blue Ridge legitimate?
Community Foundation Of The Central Blue Ridge is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of The Central Blue Ridge 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: $115,182
Professional Fundraising Fees: $0
Other Salaries and Wages: $267,537
For more financial information, click here
Official website here: www.cfcbr.org
What is the mission statement of Community Foundation Of The Central Blue Ridge?
The Community Foundation of the Central Blue Ridge's mission is centered around enhancing the quality of life in various communities. They achieve this by responding to needs, inspiring philanthropy, and primarily providing leadership to community partners. This is done through building endowment funds and granting resources to charitable organizations. The foundation is committed to making a significant impact in the communities it serves, primarily those of Staunton, Waynesboro, and the counties of Augusta, Highland, and Nelson in Virginia. They issue grants based on applications, recommendations from their donor-advised fund partners, and strategic initiatives within the community. Additionally, the foundation provides scholarships on a competitive basis to individuals seeking to further their education.
Official website here: www.cfcbr.org
Who is the CEO of Community Foundation Of The Central Blue Ridge?
William D Layman is the President/Ce of Community Foundation Of The Central Blue Ridge.
Official website here: www.cfcbr.org
What is the revenue of Community Foundation Of The Central Blue Ridge?
Community Foundation Of The Central Blue Ridge's revenue in 2022 was $8,831,454.
Official website here: www.cfcbr.org
Who are the executives of Community Foundation Of The Central Blue Ridge and what are their salaries?
The average compensation at Community Foundation Of The Central Blue Ridge during 2022 was $76,544. There are 5 employees and 141 volunteers at Community Foundation Of The Central Blue Ridge.
Here are 16 key members and their salaries:
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Official website here: www.cfcbr.org
Where can I find the form 990 for Community Foundation Of The Central Blue Ridge?
Community Foundation Of The Central Blue Ridge's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfcbr.org
Learn more at the official website: www.cfcbr.org
Mission Statement of Community Foundation Of The Central Blue Ridge
The Community Foundation of the Central Blue Ridge, as a philanthropic organization, is dedicated to enhancing the quality of life in its community. Its mission primarily involves responding to the needs of the region and inspiring philanthropy. To accomplish this, the foundation provides leadership to community partners, builds endowment funds, and makes grants to charitable organizations. By doing so, it contributes to the betterment of various sectors, focusing primarily on the needs of residents in Staunton, Waynesboro, and the counties of Augusta, Highland, and Nelson in Virginia.
In addition to its primary mission, the Community Foundation also issues grants based on applications submitted through its competitive grant programs. It collaborates with its donor-advised fund partners to make grant decisions, and its CEO and board of directors may also allocate funds to support strategic initiatives in the community. Furthermore, the foundation provides scholarships on a competitive basis to individuals seeking to further their education. It recognizes individuals who have made significant impacts on the education of youth in Staunton, Waynesboro, Augusta County, and Nelson County, and awards them with cash prizes.
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Impact
July, 2024
The impact of the Community Foundation Of The Central Blue Ridge is significant in enriching the quality of life in Staunton, Waynesboro, and the counties of Augusta, Highland, and Nelson in Virginia. By providing leadership to community partners, building endowment funds, and making grants to charitable organizations, the foundation plays a crucial role in addressing the needs of residents in these areas. Additionally, the foundation's scholarship programs have been instrumental in furthering the education of individuals of all ages, particularly those making a significant impact on the education of youth in the community. Through its strategic initiatives and grant programs, the Community Foundation Of The Central Blue Ridge continues to inspire philanthropy and make a positive difference in the lives of people in Central Blue Ridge region.
This information is meant to be a general summary of Community Foundation Of The Central Blue Ridge. 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: $2,229,870
- Gross Receipts: $22,617,265
Assets and Liabilities:
- Total Assets: $41,413,407
- Total Liabilities: $3,768,460
- Net Assets: $37,644,947
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Organization Details
Founding Year
1992
Phone
(540) 213-2150Principal Officer
William D Layman
Main Address
P O BOX 815, STAUNTON, VA, 244020815
Website
www.cfcbr.orgNTEE Category
Code: T310 - Philanthropy
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