Overview
What is North Carolina Community Foundation?
The North Carolina Community Foundation is a Raleigh-based nonprofit organization committed to inspiring North Carolinians to make significant and impactful philanthropic contributions to their communities. They have granted 2,038 funds to community service organizations, with a focus on volunteerism, community service, and economic development, particularly in rural areas. Their mission extends beyond monetary support, as they aim to foster lasting and meaningful change in North Carolina through their philanthropic initiatives. With a team of 41 employees, they continue to inspire and support communities across the state.
Official website here: www.nccommunityfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating.
The North Carolina Community Foundation has achieved a perfect score of 100%, demonstrating exemplary accountability and financial practices. This rating is based solely on their accountability and finance metrics, indicating a strong commitment to maintaining high standards in these areas. The organization boasts a majority independent board and has set up comprehensive policies to ensure transparency and ethical governance.
Strengths of the foundation include a robust financial oversight structure, with no material diversions of assets reported. Their program expense ratio is notably high at 92.32%, reflecting a strong focus on their mission and effective use of funds. Additionally, the organization has shown impressive fundraising efficiency, with only $0.01 spent to raise each dollar, highlighting their effective fundraising strategies.
While the data points to a well-managed organization, as with any nonprofit, ongoing vigilance is crucial to maintaining these standards. The foundation's high working capital ratio of 10.18 years suggests it is well-positioned for future initiatives, but continuous engagement with community needs and transparency will be essential for sustained success.
This AI summary has been generated from information found on Charity Navigator.
Is North Carolina Community Foundation legitimate?
North Carolina Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Carolina 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: $412,220
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,461,659
For more financial information, click here
Official website here: www.nccommunityfoundation.org
What is the mission statement of North Carolina Community Foundation?
The North Carolina Community Foundation inspires North Carolinians to make lasting and meaningful contributions to their communities through philanthropy. Their mission is geared towards human services and public and societal benefit. To date, they have granted funds to over 2,000 community service organizations, supporting volunteerism, community service, and economic development programs with a focus on rural communities. These grants facilitate initiatives that foster volunteerism, encourage community engagement, and promote sustainable economic development. The foundation's efforts aim to create positive change and uplift the lives of people in North Carolina.
Official website here: www.nccommunityfoundation.org
Who is the CEO of North Carolina Community Foundation?
Jennifer Tolle Whiteside is the Chair of North Carolina Community Foundation. The CEO's salary of North Carolina Community Foundation is $264,202 and their total compensation is $305,794.
Official website here: www.nccommunityfoundation.org
What is the revenue of North Carolina Community Foundation?
North Carolina Community Foundation's revenue in 2023 was $24,377,624.
Official website here: www.nccommunityfoundation.org
Who are the executives of North Carolina Community Foundation and what are their salaries?
The average compensation at North Carolina Community Foundation during 2023 was $70,095. There are 41 employees and 1426 volunteers at North Carolina Community Foundation.
Here are 22 key members and their salaries (North Carolina Community Foundation's CEO's salary is $264,202 and their total compensation is $305,794):
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- Compensation: $264,202
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- Other: $41,592
- Compensation: $149,720
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- Compensation: $103,135
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- Other: $30,064
- Compensation: $101,886
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- Compensation: $132,165
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- Other: $22,926
- Compensation: $121,246
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- Other: $18,337
Official website here: www.nccommunityfoundation.org
Where can I find the form 990 for North Carolina Community Foundation?
North Carolina Community Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nccommunityfoundation.org
Learn more at the official website: www.nccommunityfoundation.org
Mission Statement of North Carolina Community Foundation
The North Carolina Community Foundation plays a significant role in inspiring North Carolinians to make lasting and meaningful contributions to their communities through philanthropy. With a mission to support volunteerism, community service, and economic development programs, particularly in rural areas, the organization has dispersed over 2,000 grants to various community service organizations.
The North Carolina Community Foundation's primary objective is to encourage North Carolinians to give back to their communities. They believe in the power of collective giving and work towards creating sustainable initiatives that bring about positive change. Their focus on rural communities ensures that often overlooked areas receive the necessary resources and support.
Through their grant-making efforts, the North Carolina Community Foundation has funded a diverse range of projects. These initiatives aim to enrich the lives of North Carolinians by addressing their social, economic, and educational needs. By investing in volunteerism and community service programs, the foundation fosters a strong sense of civic engagement and empowers individuals to make a difference in their local communities. Additionally, their support for economic development projects helps create jobs and stimulate growth, ensuring that North Carolina's rural areas thrive.
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Impact
October, 2024
The North Carolina Community Foundation significantly impacts the state by facilitating philanthropic efforts that enhance community service and economic development, particularly in rural areas. By disbursing over 2,000 grants to various community service organizations, it fosters volunteerism and engages individuals in meaningful contributions to their communities. This mission to inspire North Carolinians not only strengthens local initiatives but also promotes a culture of giving that leads to sustained community growth and well-being. Through its focused programs, the foundation creates pathways for individuals and organizations to address pressing local needs, thus enriching lives across the state.
This information is meant to be a general summary of North Carolina 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 2023.
- Investment Income: -$863,127
- Program Service Revenue: $4,201,141
- Gross Receipts: $316,451,967
Assets and Liabilities:
- Total Assets: $403,436,279
- Total Liabilities: $36,516,479
- Net Assets: $366,919,800
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES AND OTHER REV
Revenue
$3,879,597
NC NETWORK OF GRANTMAKERS
Revenue
$321,544
Organization Details
Founding Year
1986
Phone
(919) 828-4387Principal Officer
Jennifer Tolle Whiteside
Main Address
3737 GLENWOOD AVENUE 460, RALEIGH, NC, 27612
NTEE Category
Code: T310 - Philanthropy
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