Overview
What is The Community Foundation Of Nc East Inc?
The Community Foundation of NC East Inc, situated in Greenville, North Carolina, is a small nonprofit organization committed to supporting and enhancing the living, working, education, and economic conditions of the local and regional community. With a team of just two dedicated individuals, they actively promote and celebrate philanthropy within eastern North Carolina. Their primary mission involves providing grants and resources to various community and charitable organizations, aiming to foster positive change in the region.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star rating) from Charity Navigator.
The Community Foundation of NC East Inc has achieved a 92% score, reflecting a strong emphasis on accountability and finance. This high rating is primarily derived from its robust management practices, including a board comprised entirely of independent members and effective oversight of financial statements. The organization demonstrates a solid commitment to fiscal responsibility, with minimal liabilities and an impressive program expense ratio.
Strengths of the foundation include its exceptional fundraising efficiency and working capital ratio, indicating that it utilizes donations effectively while maintaining a healthy financial cushion. The presence of a comprehensive conflict of interest policy and rigorous documentation practices further enhances its credibility and operational integrity.
While the foundation showcases many strengths, the data does not indicate any notable limitations. Overall, the organization appears well-managed and dedicated to its mission, making it a reliable option for potential donors looking to support a nonprofit with transparent practices.
This AI summary has been generated from information found on Charity Navigator.
Is The Community Foundation Of Nc East Inc legitimate?
The Community Foundation Of Nc East Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Community Foundation Of Nc East 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: $118,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $61,500
For more financial information, click here
What is the mission statement of The Community Foundation Of Nc East Inc?
The Community Foundation of NC East advocates for and facilitates philanthropy in the eastern region of North Carolina. Their mission is centered around promoting, enabling, and celebrating charitable contributions. Through their efforts, they provide grants and support to local and regional community organizations, aiming to enhance living, working, education, and economic conditions. In essence, they strive to foster a culture of giving and facilitate positive change in their community.
Who is the CEO of The Community Foundation Of Nc East Inc?
Dr Francis G Serio is the Executive Director of The Community Foundation Of Nc East Inc.
What is the revenue of The Community Foundation Of Nc East Inc?
The Community Foundation Of Nc East Inc's revenue in 2021 was $4,247,984.
Who are the executives of The Community Foundation Of Nc East Inc and what are their salaries?
The average compensation at The Community Foundation Of Nc East Inc during 2021 was $90,000. There are 2 employees and 50 volunteers at The Community Foundation Of Nc East Inc.
Here are 12 key members and their salaries:
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Where can I find the form 990 for The Community Foundation Of Nc East Inc?
The Community Foundation Of Nc East Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of The Community Foundation Of Nc East Inc
The Community Foundation of NC East, as its name suggests, is a pioneer in promoting, enabling, and celebrating philanthropy within the eastern regions of North Carolina. Its mission is multifaceted, aiming to strengthen the community by providing grants and support to various local and regional organizations that focus on improving living, working, education, and economic conditions. This nonprofit organization serves as a catalyst for change, enabling generous contributions to make a significant impact on the lives of those in need. By fostering a culture of giving and philanthropy, The Community Foundation of NC East works towards a more prosperous and equitable future for all within its reach.
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Impact
July, 2024
The impact of The Community Foundation Of Nc East Inc includes promoting, enabling, and celebrating philanthropy in eastern North Carolina. Through grants and support provided to local and regional community and charitable organizations, the foundation works to improve living, working, education, and economic conditions in the region. Their activities contribute to enhancing the overall well-being and development of eastern North Carolina communities.
This information is meant to be a general summary of The Community Foundation Of Nc East 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 2021.
- Investment Income: $1,256,708
- Gross Receipts: $4,247,984
Assets and Liabilities:
- Total Assets: $16,141,205
- Total Liabilities: $25,541
- Net Assets: $16,115,664
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Organization Details
Founding Year
1999
Phone
(252) 756-8549Principal Officer
Dr Francis G Serio
Main Address
PO Box 3985, Greenville, NC, 27836
NTEE Category
Code: T31 - Philanthropy
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