Overview
What is The Community Foundation Of Western North Carolina Inc?
The Community Foundation of Western North Carolina Inc, located at 4 Vanderbilt Park Drive Suite 300, Asheville, NC 28803, is a philanthropic organization with a team of 22 employees. They are dedicated to raising charitable capital for the benefit of the communities they serve and strategically allocating resources within the region to address pressing needs. The foundation makes charitable contributions to approved 501(c)(3) organizations and individuals for scholarships. Their mission is to promote and expand regional philanthropy in the 18 counties of Western North Carolina and develop local funds to address evolving needs and opportunities.
Official website here: www.cfwnc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% - Four-Star out of Four Stars
The Community Foundation of Western North Carolina Inc has achieved a remarkable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 100 in this category, the organization demonstrates exceptional oversight and governance, highlighted by an entirely independent board of 19 members. Its financial practices, including a material diversion of assets score of 20 out of 20, showcase transparency and a commitment to ethical management.
In terms of operational efficiency, the foundation excels with a program expense ratio of 90.29%, indicating that the majority of its resources are directed towards its programs. Additionally, the organization boasts an impressive fundraising efficiency ratio of $0.02, which suggests minimal costs associated with fundraising efforts, allowing more funds to reach the community.
While the foundation's culture and community score of 85 is strong, it indicates there is room for improvement in its engagement and outreach efforts. Overall, the organization is highly rated for its fiscal responsibility and governance, with a solid foundation for community impact.
This AI summary has been generated from information found on Charity Navigator.
Is The Community Foundation Of Western North Carolina Inc legitimate?
The Community Foundation Of Western North Carolina Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Community Foundation Of Western North Carolina 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: $1,323,128
Professional Fundraising Fees: $0
Other Salaries and Wages: $677,843
For more financial information, click here
Official website here: www.cfwnc.org
What is the mission statement of The Community Foundation Of Western North Carolina Inc?
The Community Foundation of Western North Carolina is a philanthropic organization committed to raising charitable capital and strategically allocating resources within the community to address pressing needs. It promotes and expands regional philanthropy, developing local funds that address changing needs and opportunities in the 18 counties of Western North Carolina. The foundation makes charitable contributions to approved 501(C)(3) organizations and individuals for scholarships.
Official website here: www.cfwnc.org
Who is the CEO of The Community Foundation Of Western North Carolina Inc?
Graham Keever is the Director of The Community Foundation Of Western North Carolina Inc.
Official website here: www.cfwnc.org
What is the revenue of The Community Foundation Of Western North Carolina Inc?
The Community Foundation Of Western North Carolina Inc's revenue in 2022 was $45,512,765.
Official website here: www.cfwnc.org
Who are the executives of The Community Foundation Of Western North Carolina Inc and what are their salaries?
The average compensation at The Community Foundation Of Western North Carolina Inc during 2022 was $90,953. There are 22 employees and 50 volunteers at The Community Foundation Of Western North Carolina Inc.
Here are 27 key members and their salaries:
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- Compensation: $285,619
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- Compensation: $176,818
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- Compensation: $137,086
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- Compensation: $73,350
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- Compensation: $74,702
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- Other: $19,715
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- Compensation: $18,232
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- Other: $3,697
- Compensation: $136,813
- Related: $0
- Other: $37,593
Official website here: www.cfwnc.org
Where can I find the form 990 for The Community Foundation Of Western North Carolina Inc?
The Community Foundation Of Western North Carolina Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfwnc.org
Learn more at the official website: www.cfwnc.org
Mission Statement of The Community Foundation Of Western North Carolina Inc
The Community Foundation of Western North Carolina is a philanthropic organization that raises charitable capital to benefit the communities it serves and strategically allocates resources within the region to address pressing needs and opportunities. This foundation, committed to expanding regional philanthropy, develops local funds that respond to evolving requirements in the 18 counties of Western North Carolina.
By promoting local giving and fostering collaboration among donors, The Community Foundation plays a significant role in addressing the unique challenges and emerging opportunities that shape the lives of its constituents. Through numerous charitable contributions to approved 501(C)(3) organizations and individual scholarships, the foundation invests in the future of its communities and empowers them to thrive.
The Community Foundation's mission extends beyond financial support. By acting as a trusted partner and advisor, it facilitates meaningful connections between donors and causes, ensuring that charitable resources are used effectively and efficiently. By promoting long-term community investment and encouraging responsible stewardship, the foundation seeks to create a lasting impact on the lives of those it serves.
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Impact
October, 2024
The Community Foundation of Western North Carolina Inc. plays a pivotal role in enhancing the quality of life for communities across 18 counties in the region. By raising charitable capital, it effectively addresses pressing needs and opportunities within local areas through strategic resource allocation. The foundation facilitates numerous charitable contributions, which support specific approved 501(c)(3) organizations, as well as providing scholarships to individuals, thereby directly impacting education and community development. Its commitment to promoting and expanding regional philanthropy results in tangible benefits for residents, fostering a culture of giving that strengthens the social fabric and supports diverse initiatives aimed at improving well-being across Western North Carolina.
This information is meant to be a general summary of The Community Foundation Of Western North Carolina 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: $13,957,793
- Program Service Revenue: $678,898
- Gross Receipts: $82,254,456
Assets and Liabilities:
- Total Assets: $387,056,220
- Total Liabilities: $103,399,178
- Net Assets: $283,657,042
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MGMT FEE INCOME (NET-SEE SCH O)
Revenue
$678,898
Organization Details
Founding Year
1978
Phone
(828) 254-4960Principal Officer
Graham Keever
Main Address
4 VANDERBILT PARK DRIVE SUITE 300, ASHEVILLE, NC, 28803
Website
www.cfwnc.orgNTEE Category
Code: T310 - Philanthropy
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