Overview
What is Cumberland Community Foundation Inc?
Cumberland Community Foundation Inc, based in Fayetteville, North Carolina, is a dynamic nonprofit organization that fosters philanthropy and enriches community life in Cumberland County. Through grant making, scholarships, endowment building, community leadership, and nonprofit training, they support a diverse range of causes in education, human services, youth, health, environment, historical preservation, arts and culture, economic empowerment, and more. During fiscal year 2022-2023, they awarded $8,389,149 in scholarships and grants to students and programs. By providing training and technical assistance to local nonprofits, organizing community collaborations, and offering donor education events, Cumberland Community Foundation continues its mission to build a vibrant and inclusive community that offers sustainable opportunities for future generations. Their vision is rooted in trustworthy stewardship, collective giving, community engagement, endowment growth, and continuous improvement.
Official website here: www.cumberlandcf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
Cumberland Community Foundation Inc has earned a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. The charity's overall score is based entirely on its performance in the Accountability & Finance category, where it achieved a score of 97%. This high rating indicates effective management practices and a transparent operational structure.
One of the notable strengths of the organization is its governance, with a fully independent board comprising 21 members and a robust set of policies in place, including conflict of interest and whistleblower policies. Financially, the foundation demonstrates exceptional efficiency, with 93.51% of its expenses directed toward programs and a fundraising efficiency of just $0.022, indicating minimal costs associated with raising funds.
While the data reflects excellent financial health and operational integrity, it is essential for potential donors to consider the overall impact and effectiveness of programs offered by the foundation. However, based solely on financial metrics and governance practices, Cumberland Community Foundation Inc stands out as a well-managed nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Cumberland Community Foundation Inc legitimate?
Cumberland Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cumberland Community Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cumberlandcf.org
What is the mission statement of Cumberland Community Foundation Inc?
The Cumberland Community Foundation Inc is dedicated to enhancing community life by facilitating, encouraging, and growing philanthropy for various causes. Their mission is to bring people together through charitable giving, fostering a vibrant and inclusive community that offers sustainable opportunities for future generations. They believe in accountable stewardship of charitable resources, the power of collective giving to address community needs and opportunities, engaging the diverse community to improve quality of life, building endowments for long-term change, and continuous improvement to achieve excellence in their work.
Official website here: www.cumberlandcf.org
Who is the CEO of Cumberland Community Foundation Inc?
Gail Riddle is the Board Chair of Cumberland Community Foundation Inc. The CEO's salary of Cumberland Community Foundation Inc is $185,104 and their total compensation is $185,104.
Official website here: www.cumberlandcf.org
What is the revenue of Cumberland Community Foundation Inc?
Cumberland Community Foundation Inc's revenue in 2023 was $14,602,785.
Official website here: www.cumberlandcf.org
Who are the executives of Cumberland Community Foundation Inc and what are their salaries?
There are 9 employees and 60 volunteers at Cumberland Community Foundation Inc.
Here are 23 key members and their salaries (Cumberland Community Foundation Inc's CEO's salary is $185,104 and their total compensation is $185,104):
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- Compensation: $185,104
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- Compensation: $120,934
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Official website here: www.cumberlandcf.org
Where can I find the form 990 for Cumberland Community Foundation Inc?
Cumberland Community Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cumberlandcf.org
Learn more at the official website: www.cumberlandcf.org
Mission Statement of Cumberland Community Foundation Inc
Cumberland Community Foundation Inc, a philanthropic organization, is dedicated to facilitating, encouraging, and growing charitable giving for various causes in the community. Its mission is geared towards enhancing the quality and spirit of community life. The organization believes in stewardship, collective giving, community engagement, endowments, and continuous improvement as the keys to achieving its objectives.
In practice, Cumberland Community Foundation Inc places trust and accountability at the heart of its charitable resource management. It harnesses the power of collective giving to address community needs and opportunities. The foundation actively engages its diverse community to create a vibrant and inclusive environment, where sustainable opportunities are available for future generations. Moreover, it builds endowments to preserve donor intent and bring about long-term community change. Lastly, it strives for excellence in all aspects of its work through continuous improvement.
Cumberland Community Foundation Inc operates under the belief that charitable giving has the power to bring about positive change within its community. By fostering trustworthy stewardship, harnessing collective giving, engaging diverse communities, building endowments, and relentlessly striving for excellence, the organization aims to make a meaningful impact on the lives of people in the community, ensuring a sustainable future for all.
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Impact
October, 2024
Cumberland Community Foundation Inc significantly enhances the quality of life in Cumberland County, North Carolina through a comprehensive approach to philanthropy. By facilitating and encouraging charitable giving across diverse causes, the foundation amplifies community impact and supports sustainable opportunities for current and future generations.
In the fiscal year 2022-2023 alone, the foundation allocated an impressive $8,389,149 in scholarships and grants, benefiting programs in education, human services, youth initiatives, health, environmental conservation, historical preservation, and arts and culture. This extensive support underscores their commitment to addressing a wide range of community needs.
Additionally, Cumberland Community Foundation Inc plays a crucial role in fostering community leadership by providing training and technical assistance to local organizations. Their efforts include orchestrating fundraising campaigns, facilitating collaborative efforts among diverse groups, and hosting donor education events. These initiatives not only strengthen local organizations but also build a vibrant community spirit, promoting inclusivity and collaborative effort.
Through endowment building, the foundation ensures the long-term sustainability of donor intent, positioning itself as a pivotal player in driving lasting community change. Their commitment to trustworthy stewardship and their belief in the power of collective giving further illustrate their dedication to continuously improving the overall well-being of Cumberland County residents.
This information is meant to be a general summary of Cumberland Community Foundation 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 2023.
- Investment Income: $4,483,766
- Gross Receipts: $14,602,785
Assets and Liabilities:
- Total Assets: $121,252,486
- Total Liabilities: $13,342,369
- Net Assets: $107,910,117
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Organization Details
Founding Year
1980
Phone
(910) 483-4449Principal Officer
Gail Riddle
Main Address
PO BOX 2345, FAYETTEVILLE, NC, 283022345
Website
www.cumberlandcf.orgNTEE Category
Code: T31Z - Philanthropy
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