Overview
What is Gaston Community Foundation?
The Gaston Community Foundation, based in Gastonia, North Carolina, was established in 1978. It functions as a philanthropic intermediary, assisting donors in fulfilling their charitable aspirations by managing over 400 funds. These funds can be unrestricted, designated for a specific charity or field of interest, or advised, enabling donors to recommend grants for various community causes. The Foundation plays a pivotal role in bridging the gap between donors and community needs, ultimately enhancing the lives of current and future generations. With a team of nine employees, the Gaston Community Foundation serves as a primary steward of philanthropic giving.
Official website here: www.cfgaston.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 95%, Four-Star out of Four Star rating.
The Gaston Community Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. With an overall score derived entirely from its accountability and finance metrics, the foundation showcases strong governance through its wholly independent board of 20 members and robust policies in place regarding conflict of interest, whistleblowing, and document retention.
Strengths of the foundation are evident in its financial performance, with a program expense ratio of over 90%, suggesting that the majority of funds raised are effectively directed towards its programs. Additionally, the foundation has maintained a low liabilities to assets ratio, ensuring financial stability. With a noteworthy fundraising efficiency ratio of $0.03, it demonstrates effective management of fundraising costs.
While the foundation's financial indicators are robust, it is essential for potential donors to consider how these strengths translate into community impact. Although no specific limitations were noted in the data, ongoing transparency and engagement with the community remain vital for maintaining trust and support.
This AI summary has been generated from information found on Charity Navigator.
Is Gaston Community Foundation legitimate?
Gaston Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gaston 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: $183,146
Professional Fundraising Fees: $0
Other Salaries and Wages: $351,625
For more financial information, click here
Official website here: www.cfgaston.org
What is the mission statement of Gaston Community Foundation?
The Gaston Community Foundation serves as the primary conduit for philanthropic giving, bridging the gap between donors and community needs to enhance the lives of current and future generations. Established in 1978, the foundation has helped donors actualize their charitable dreams by managing over 400 funds. Donors can set up unrestricted funds or specify a charitable organization or field of interest. Additionally, advised funds enable individual or corporate donors to recommend grants for various community causes.
Official website here: www.cfgaston.org
Who is the CEO of Gaston Community Foundation?
Unavailable
Official website here: www.cfgaston.org
What is the revenue of Gaston Community Foundation?
Gaston Community Foundation's revenue in 2022 was $13,988,192.
Official website here: www.cfgaston.org
Who are the executives of Gaston Community Foundation and what are their salaries?
The average compensation at Gaston Community Foundation during 2022 was $59,419. There are 9 employees and 200 volunteers at Gaston Community Foundation.
Here are 21 key members and their salaries:
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Official website here: www.cfgaston.org
Where can I find the form 990 for Gaston Community Foundation?
Gaston Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfgaston.org
Learn more at the official website: www.cfgaston.org
Mission Statement of Gaston Community Foundation
The Gaston Community Foundation, established in 1978, serves as the primary steward of philanthropic giving in the community by bridging the gap between donors and local needs. By connecting individuals, families, and organizations with worthy causes, the Gaston Community Foundation aims to enhance the lives of present and future generations.
With over 400 funds under management, this esteemed organization offers various charitable giving options. Donors can create unrestricted funds, designate a specific charitable organization or field of interest, or recommend grants for a wide range of community causes through advised funds. The Gaston Community Foundation facilitates these philanthropic endeavors, enabling donors to make a lasting impact on their community.
In essence, the Gaston Community Foundation acts as a catalyst for change, enabling donors to transform their charitable dreams into reality. Through strategic grant-making and thoughtful stewardship, the organization fosters growth and sustainability in local nonprofits and initiatives, ultimately enriching the lives of those in need.
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Impact
October, 2024
The Gaston Community Foundation plays a vital role in enhancing the lives of individuals and families by effectively connecting philanthropic donors with pressing community needs. Since its inception in 1978, the Foundation has been instrumental in facilitating charitable giving through the establishment of over 400 funds that cater to a wide range of interests and causes.
By offering tailored options for planned giving, including unrestricted funds and designated funds for specific organizations or causes, the Foundation enables donors to fulfill their philanthropic aspirations both now and into the future. This adaptive approach not only supports current community initiatives but also ensures a lasting impact through a charitable legacy.
The Foundation's stewardship in philanthropy fosters a culture of giving that benefits the community of Gastonia, NC, assisting individuals and organizations in making meaningful contributions that address local challenges and strengthen the fabric of society for generations to come.
This information is meant to be a general summary of Gaston 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: $2,383,282
- Program Service Revenue: $232,109
- Gross Receipts: $50,882,818
Assets and Liabilities:
- Total Assets: $120,059,448
- Total Liabilities: $32,361,249
- Net Assets: $87,698,199
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEE INCOME
Revenue
$232,109
Organization Details
Founding Year
1978
Phone
(704) 864-0927Main Address
PO BOX 123, GASTONIA, NC, 28053
Website
www.cfgaston.orgNTEE Category
Code: T310 - Philanthropy
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