Overview
What is Community Foundation Of Henderson County Inc?
Community Foundation of Henderson County Inc, established in 1982, serves its community by managing charitable funds, fulfilling donor wishes, and distributing grants for various purposes. The foundation, situated in Hendersonville, North Carolina, utilizes contributions to create a permanent source of grant monies for general or specific causes, categorized into eight program areas such as animal care, education, health, and human services. They award grants through both competitive and non-competitive processes, with the majority being designated and donor-advised grants. The foundation actively engages in community building, leadership development, and collaboration to address pressing issues, empowering donors at various levels to contribute to causes that matter.
Official website here: www.cfhcforever.org
What are the reviews and ratings of this charity?
The Community Foundation Of Henderson County Inc has earned a perfect score of 100% from Charity Navigator, translating into a Four-Star out of Four Star rating. This high score reflects the organization's exceptional accountability and financial health. Their strong governance practices are evident, as exemplified by having an independent board and robust financial oversight.
The foundation excels in financial efficiency, sustainability, and transparency. It maintains a liability-to-assets ratio of 1.14% and allocates 88.26% of expenses to program activities, indicating responsible fiscal management. Additionally, its fundraising efficiency is high, with a mere $0.022 spent to raise a dollar, and it holds working capital equating to over 20 years of operational stability.
Despite these strengths, it's worth noting that the foundation has not been assessed in areas such as impact measurement, leadership adaptability, or community culture. This limitation suggests that while the foundation excels in financial and governance realms, further evaluation could enrich understanding of its broader organizational impact. GreatNonprofits does not offer user reviews for this organization, providing no additional qualitative insights from beneficiaries or the community.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of Henderson County Inc legitimate?
Community Foundation Of Henderson County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of Henderson County 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: $293,734
Professional Fundraising Fees: $0
Other Salaries and Wages: $331,350
For more financial information, click here
Official website here: www.cfhcforever.org
What is the mission statement of Community Foundation Of Henderson County Inc?
The Community Foundation of Henderson County Inc's mission is to facilitate lasting contributions to causes that matter by serving individual, family, and community philanthropy. As a prominent philanthropic leader, the foundation is guided by an engaged and committed board and qualified employees. They empower donors at various levels to invest in professionally managed charitable funds that address community needs. The foundation manages and distributes funds for charitable purposes, often pooling and investing contributions to provide a permanent source of grant monies for general or specific purposes. Grants are awarded through both competitive and non-competitive processes, with a significant number going to designated and donor-advised organizations. The foundation's grant activities span eight program areas, including animal care, arts and culture, conservation, education, health, human services, and others.
Official website here: www.cfhcforever.org
Who is the CEO of Community Foundation Of Henderson County Inc?
Mccray V Benson is the President/Ceo of Community Foundation Of Henderson County Inc. The CEO's salary of Community Foundation Of Henderson County Inc is $188,731 and their total compensation is $218,229.
Official website here: www.cfhcforever.org
What is the revenue of Community Foundation Of Henderson County Inc?
Community Foundation Of Henderson County Inc's revenue in 2022 was $11,832,432.
Official website here: www.cfhcforever.org
Who are the executives of Community Foundation Of Henderson County Inc and what are their salaries?
The average compensation at Community Foundation Of Henderson County Inc during 2022 was $78,136. There are 8 employees and 80 volunteers at Community Foundation Of Henderson County Inc.
Here are 19 key members and their salaries (Community Foundation Of Henderson County Inc's CEO's salary is $188,731 and their total compensation is $218,229):
- Compensation: $188,731
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- Other: $29,498
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Official website here: www.cfhcforever.org
Where can I find the form 990 for Community Foundation Of Henderson County Inc?
Community Foundation Of Henderson County Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfhcforever.org
Learn more at the official website: www.cfhcforever.org
Mission Statement of Community Foundation Of Henderson County Inc
The Community Foundation of Henderson County Inc, established in 1982, is a philanthropic organization dedicated to helping individuals, families, and the community make lasting contributions to causes that matter. With a visionary and engaged board and a team of qualified employees, this foundation serves as a leader in community philanthropy. Its mission is to empower donors at all levels by managing charitable funds that address community needs.
The foundation accepts contributions, which may be pooled and invested to generate a permanent source of grant monies for general or specific purposes. Through both competitive and non-competitive grant processes, the foundation distributes funds to a wide range of organizations, representing various services. The greatest number of grants are non-competitive, including designated and donor-advised grants. The foundation's grant-making activities are categorized into eight program areas: Animal Care, Arts and Culture, Civic and Community Affairs, Conservation, Education, Health, Human Services, and Other.
By using strategies to convene community interests, engage leadership, volunteers, and organizations to work collaboratively on community issues, the Community Foundation of Henderson County Inc plays a crucial role in addressing the needs of its community. The foundation's mission is to facilitate enduring philanthropic investments that foster a thriving and self-sustaining community, enhancing the quality of life for all its residents.
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Impact
July, 2024
The Community Foundation Of Henderson County Inc's impact is significant. It helps individuals, families, and the community at large make lasting contributions to causes that matter. By receiving, managing, and distributing funds for charitable purposes, the Foundation fulfills donors' wishes and supports a wide range of organizations and projects through grants. These grants are awarded in areas such as animal care, arts and culture, education, health, and more, making a positive difference in the community. Additionally, the Foundation plays a key role in convening community interests, engaging leadership, volunteers, and organizations to collaboratively address community issues. This impactful work is made possible through the Foundation's dedication to philanthropy and its commitment to empowering donors of all levels.
This information is meant to be a general summary of Community Foundation Of Henderson County 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: $5,121,017
- Gross Receipts: $11,832,432
Assets and Liabilities:
- Total Assets: $121,395,555
- Total Liabilities: $1,440,135
- Net Assets: $119,955,420
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Organization Details
Founding Year
1982
Phone
(828) 697-6224Principal Officer
Mccray V Benson
Main Address
401 N MAIN ST STE 300, HENDERSONVILLE, NC, 28792
Website
www.cfhcforever.orgNTEE Category
Code: T310 - Philanthropy
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