Overview
What is Outer Banks Community Foundation Inc?
The Outer Banks Community Foundation Inc, established in Manteo, North Carolina, serves as a vital philanthropic engine within the local charitable sector. Its primary role is to support various projects and urgent needs in the Outer Banks area. The organization is unique in reaching out to diverse charities across the region, offering grants and scholarships. The foundation's areas of support encompass education, public safety, health and human services, disaster relief, COVID-19 response, historic preservation, environmental conservation, and animal services. In 2022 alone, they awarded over $950,000 in grants and scholarships to numerous nonprofits and 53 local students. With a workforce of six individuals, the Outer Banks Community Foundation has invested over $13 million into charitable causes on the Outer Banks throughout its 40-year history.
Official website here: www.obcf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Stars)
The Outer Banks Community Foundation Inc has achieved an impressive 99% rating from Charity Navigator, reflecting strong accountability and financial health. The organization boasts a perfect score in multiple areas, including a 100% accountability score, indicating robust financial and governance practices. All board members are independent, contributing to a transparent and effective leadership structure.
The foundation excels in program expense allocation, with 85.84% of its budget directed towards programs, ensuring that a significant portion of contributions directly benefits the community. Its fundraising efficiency is notably high, with costs as low as $0.09 to raise a dollar, demonstrating effective resource management. Additionally, the organization has maintained a low liabilities-to-assets ratio, ensuring financial stability.
However, the ratings indicate some room for improvement in leadership and adaptability, where the organization scored lower compared to other categories. Nonetheless, it has shown a strong commitment to leadership development and has effectively adapted to recent challenges, such as the COVID-19 pandemic, by extending rapid response grants to meet community needs. Overall, the Outer Banks Community Foundation Inc presents a strong case for trustworthiness and effectiveness in its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Outer Banks Community Foundation Inc legitimate?
Outer Banks Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Outer Banks 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: $106,624
Professional Fundraising Fees: $0
Other Salaries and Wages: $184,525
For more financial information, click here
Official website here: www.obcf.org
What is the mission statement of Outer Banks Community Foundation Inc?
The Outer Banks Community Foundation serves to address pressing needs and promising opportunities within its community. It manages charitable funds for individuals and organizations, strategically allocating grants and scholarships to support these initiatives. The foundation's role in the local charitable sector is significant, providing support for a wide range of projects, including education, public safety, health and human services, disaster relief, COVID response, historic preservation, environmental conservation, and animal services. In 2022, the foundation awarded over $950,000 in grants and scholarships to numerous nonprofits and 53 local students, contributing over $13 million to charitable causes since its establishment forty years ago.
Official website here: www.obcf.org
Who is the CEO of Outer Banks Community Foundation Inc?
Christopher Sawin is the President & of Outer Banks Community Foundation Inc.
Official website here: www.obcf.org
What is the revenue of Outer Banks Community Foundation Inc?
Outer Banks Community Foundation Inc's revenue in 2022 was $2,158,972.
Official website here: www.obcf.org
Who are the executives of Outer Banks Community Foundation Inc and what are their salaries?
The average compensation at Outer Banks Community Foundation Inc during 2022 was $48,525. There are 6 employees and 76 volunteers at Outer Banks Community Foundation Inc.
Here are 13 key members and their salaries:
- Compensation: $93,462
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- Other: $23,520
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Official website here: www.obcf.org
Where can I find the form 990 for Outer Banks Community Foundation Inc?
Outer Banks Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.obcf.org
Learn more at the official website: www.obcf.org
Mission Statement of Outer Banks Community Foundation Inc
The Outer Banks Community Foundation plays a crucial role in addressing local needs across Dare County and the entire Outer Banks. This philanthropic organization manages charitable funds for individuals and agencies, strategically directing grants and scholarships towards the community's most pressing issues and promising opportunities.
In essence, the Outer Banks Community Foundation serves as the engine of the local charitable sector, providing support for the Outer Banks' most exciting projects and addressing its most urgent needs. The foundation is unique in its reach, acting as the sole funding source for various charities across the Outer Banks. Its areas of focus include the arts, education, public safety, health and human services, disaster relief, COVID-19 response, historic preservation, the environment, and animal services.
In 2022 alone, the foundation awarded over $950,000 in grants and scholarships to numerous nonprofits and 53 local students, demonstrating its commitment to investing in the community's future. Since its inception forty years ago, the Outer Banks Community Foundation has contributed over $13 million to charitable causes, reflecting its enduring dedication to improving the lives of its community members.
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Impact
July, 2024
The Outer Banks Community Foundation Inc plays a vital role in supporting the Outer Banks community by managing charitable funds for individuals and agencies and directing grants and scholarships towards pressing needs and promising opportunities. As the philanthropic engine of the local charitable sector, the foundation supports diverse programs in areas such as arts, education, public safety, health and human services, disaster relief, historic preservation, the environment, and animal services.
In 2022 alone, the Outer Banks Community Foundation awarded over $950,000 in grants and scholarships to numerous charitable organizations and 53 local students. Over the course of its forty-year history, the foundation has invested over $13 million into charitable causes on the Outer Banks, making a significant impact on the community's well-being and development.
This information is meant to be a general summary of Outer Banks 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 2022.
- Investment Income: $802,231
- Gross Receipts: $3,407,585
Assets and Liabilities:
- Total Assets: $22,456,255
- Total Liabilities: $2,215,178
- Net Assets: $20,241,077
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Organization Details
Founding Year
1982
Phone
(252) 423-3003Principal Officer
Christopher Sawin
Main Address
PO BOX 2299, MANTEO, NC, 27954
Website
www.obcf.orgNTEE Category
Code: T31Z - Philanthropy
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