Overview
What is Community Foundation Of Burke County?
The Community Foundation of Burke County, established in the year 2000, is a nonprofit, tax-exempt organization based in Morganton, North Carolina. With a team of three dedicated individuals, this organization receives gifts, endowments, and bequests from various donors, including individuals, families, businesses, and organizations. They utilize these funds to grant money to qualified charitable agencies and institutions primarily serving the residents of Burke County, promoting philanthropy through flexible giving opportunities and professional support. By practicing responsible stewardship, the Community Foundation of Burke County aims to benefit both donors and qualified recipients.
Official website here: www.cfburkecounty.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star Rating)
The Community Foundation of Burke County has achieved an impressive 100% rating from Charity Navigator, signifying a strong commitment to accountability and financial transparency. This rating is derived solely from the organization's exceptional performance in the Accountability & Finance beacon, highlighting its responsible management of resources and adherence to nonprofit best practices.
Strengths noted in the evaluation include a fully independent board with 15 members, robust financial oversight demonstrated by a comprehensive audit committee, and excellent performance in key financial ratios. The foundation's program expense ratio stands at a notable 92.77%, indicating that a significant majority of its funds are directed towards programmatic activities rather than administrative costs. Additionally, the presence of well-documented policies for conflict of interest, whistleblowing, and document retention showcases a dedication to ethical governance.
However, while the overall ratings reflect a high level of operational integrity, there are no specific limitations or areas for improvement mentioned in the data provided. The foundation appears well-equipped to continue its mission effectively within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of Burke County legitimate?
Community Foundation Of Burke County is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of Burke County 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: $182,275
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,879
For more financial information, click here
Official website here: www.cfburkecounty.org
What is the mission statement of Community Foundation Of Burke County?
The Community Foundation of Burke County serves as a hub for philanthropy, offering flexible giving opportunities to donors. They provide professional support and practice responsible stewardship to benefit both donors and qualified recipients. Established in 2000, this nonprofit organization accepts gifts, endowments, and bequests from individuals, families, businesses, and organizations. The foundation utilizes funds from these sources to grant money to charitable agencies and institutions primarily serving the residents of Burke County, ensuring that philanthropic efforts reach those in need.
Official website here: www.cfburkecounty.org
Who is the CEO of Community Foundation Of Burke County?
Elizabeth W Andrews is the Director of Community Foundation Of Burke County.
Official website here: www.cfburkecounty.org
What is the revenue of Community Foundation Of Burke County?
Community Foundation Of Burke County's revenue in 2022 was $14,279,176.
Official website here: www.cfburkecounty.org
Who are the executives of Community Foundation Of Burke County and what are their salaries?
The average compensation at Community Foundation Of Burke County during 2022 was $62,051. There are 3 employees and 160 volunteers at Community Foundation Of Burke County.
Here are 17 key members and their salaries:
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Official website here: www.cfburkecounty.org
Where can I find the form 990 for Community Foundation Of Burke County?
Community Foundation Of Burke County's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfburkecounty.org
Learn more at the official website: www.cfburkecounty.org
Mission Statement of Community Foundation Of Burke County
The Community Foundation of Burke County, a nonprofit, tax-exempt organization established in 2000, is dedicated to fostering philanthropy by presenting flexible giving opportunities, professional support, and responsible stewardship. This North Carolina-based foundation receives donations, endowments, and bequests from individuals, families, businesses, and organizations. In turn, it grants funds to eligible charitable agencies and institutions, primarily benefiting the residents of Burke County. The organization's primary mission is to encourage, develop, and participate in philanthropy, ensuring the donors' visions are carried out effectively while maximizing the impact on the community. By providing grants to various qualified charities, the Community Foundation of Burke County plays a significant role in improving the lives of those in need, ultimately contributing to a better future for the community as a whole.
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Impact
October, 2024
The Community Foundation of Burke County plays a pivotal role in fostering philanthropy within the region. Since 2000, it has facilitated numerous opportunities for individuals, families, businesses, and organizations to contribute to their community through gifts, endowments, and bequests. This foundation primarily focuses on supporting local charitable agencies and institutions that benefit the residents of Burke County, North Carolina.
By providing professional support and responsible stewardship, the foundation ensures that donors' contributions are effectively utilized to address the community's needs. Its impact is seen in the grants made to various initiatives, enhancing the quality of life for residents, promoting community development, and encouraging a culture of giving. Overall, the Community Foundation of Burke County is instrumental in building a vibrant, engaged community through targeted philanthropic efforts.
This information is meant to be a general summary of Community Foundation Of Burke County. 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: $691,243
- Gross Receipts: $19,732,590
Assets and Liabilities:
- Total Assets: $38,303,499
- Total Liabilities: $47,116
- Net Assets: $38,256,383
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Organization Details
Founding Year
1998
Phone
(828) 437-7105Principal Officer
Elizabeth W Andrews
Main Address
PO BOX 1156, MORGANTON, NC, 28680
Website
www.cfburkecounty.orgNTEE Category
Code: T31 - Philanthropy
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