Overview
What is High Point Community Foundation?
The High Point Community Foundation is a charitable organization based in High Point, North Carolina. Their primary mission is to better the local community by acting as a bridge between donors and their philanthropic goals, and by granting funds to various charitable initiatives. In the recent fiscal year, they granted over $595,000 to local nonprofits, with a focus on providing emergency assistance and supporting women-focused organizations. The Foundation manages donor-advised funds, distributing a total of $8.1 million to both local and national nonprofits. Their vision is to establish and sustain a permanent financial resource dedicated to fostering a diverse, healthy, and productive community for future generations.
Official website here: www.hpcommunityfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
High Point Community Foundation has achieved a remarkable Four-Star rating, reflecting its exceptional standards in accountability and finance. The organization scored a perfect 100% in this category, indicating a robust commitment to transparency and sound financial practices. The strong performance is reinforced by an entirely independent board, with 94% of its members being independent, which contributes to effective governance.
The foundation demonstrates impressive financial health with a program expense ratio of 93.69%, signifying that a significant portion of its funds is directed towards its charitable programs. Additionally, its fundraising efficiency is notable, with a cost of just $0.04 to raise each dollar, highlighting its ability to minimize expenses while maximizing impact. The organization also maintains a low liabilities to assets ratio of 5.47%, further showcasing its stability.
Overall, High Point Community Foundation exemplifies best practices in nonprofit management, with comprehensive policies in place to ensure transparency and accountability. There are no reported limitations or concerns in the data reviewed, solidifying its reputation as a responsible and well-managed organization.
This AI summary has been generated from information found on Charity Navigator.
Is High Point Community Foundation legitimate?
High Point Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. High Point 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: $294,573
Professional Fundraising Fees: $0
Other Salaries and Wages: $212,739
For more financial information, click here
Official website here: www.hpcommunityfoundation.org
What is the mission statement of High Point Community Foundation?
The High Point Community Foundation acts as a catalyst for positive change in the community by facilitating charitable giving for donors and granting funds to charitable organizations. Its mission is to establish and sustain a permanent financial resource, promoting philanthropy and serving as a reliable partner in addressing community needs. The foundation's vision encompasses a diverse, healthy, and productive community for both current and future generations.
Official website here: www.hpcommunityfoundation.org
Who is the CEO of High Point Community Foundation?
Paul Lessard is the Chair of High Point Community Foundation.
Official website here: www.hpcommunityfoundation.org
What is the revenue of High Point Community Foundation?
High Point Community Foundation's revenue in 2022 was $12,506,191.
Official website here: www.hpcommunityfoundation.org
Who are the executives of High Point Community Foundation and what are their salaries?
The average compensation at High Point Community Foundation during 2022 was $101,462. There are 5 employees at High Point Community Foundation.
Here are 23 key members and their salaries:
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- Other: $3,960
Official website here: www.hpcommunityfoundation.org
Where can I find the form 990 for High Point Community Foundation?
High Point Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hpcommunityfoundation.org
Learn more at the official website: www.hpcommunityfoundation.org
Mission Statement of High Point Community Foundation
The High Point Community Foundation acts as a catalyst for positive change in the community, promoting philanthropy, administering an expanding grants program, and serving as a trustworthy partner in response to community needs. Established with a vision to create a permanent financial resource, the Foundation supports a diverse, healthy, and productive community for present and future generations. By providing charitable services to donors, the High Point Community Foundation helps them achieve their philanthropic goals. In turn, the Foundation grants funds to various charitable organizations to support initiatives that improve the community. The High Point Community Foundation's mission is geared towards fostering a thriving community through charitable giving and grantmaking efforts.
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Impact
October, 2024
High Point Community Foundation significantly enhances the well-being of the Greater High Point community by providing vital charitable services that empower donors to achieve their philanthropic goals and by making substantial grants to local organizations that drive positive change. In the recent fiscal year, the foundation awarded over $450,000 through its annual grants program, directly supporting various community initiatives.
The Heart of High Point Initiative Fund played a critical role by providing more than $100,000 to organizations addressing basic needs during emergencies that could disrupt operations. Additionally, the Women’s Fund of High Point awarded $40,000 specifically aimed at benefiting women in the region, underscoring the foundation's commitment to addressing diverse community needs.
Moreover, through donor advised funds, the foundation facilitated over $8 million in grants to both local and national organizations. As a catalyst for positive change, it promotes philanthropy, manages an expanding grants program, and remains a trusted partner in responding to the community's challenges. The foundation aims to establish a permanent financial resource dedicated to fostering a diverse, healthy, and productive community for current and future generations.
This information is meant to be a general summary of High Point 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: $7,544,836
- Gross Receipts: $12,506,191
Assets and Liabilities:
- Total Assets: $96,266,363
- Total Liabilities: $5,532,565
- Net Assets: $90,733,798
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Organization Details
Founding Year
1990
Phone
(336) 882-3298Principal Officer
Paul Lessard
Main Address
PO BOX 5166, HIGH POINT, NC, 27262
NTEE Category
Code: T31 - Philanthropy
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