Overview
What is Community Foundation Of Greater Memphis Inc?
The Community Foundation of Greater Memphis Inc, located at 1900 Union Avenue in Memphis, Tennessee (38104), is a charitable organization dedicated to managing philanthropic funds for the betterment of Western Tennessee, Eastern Arkansas, and Northern Mississippi. Established in 1969, the foundation facilitates strategic philanthropy and community giving by collaborating with donors, professional advisors, and nonprofits. Their primary mission is to accept and manage donated property for religious, charitable, scientific, literary, or educational purposes within the specified regions. With a team of 19 employees, they enable donors to make grants to their preferred nonprofits, strengthening the community through their collective efforts.
Official website here: www.cfgm.org
What are the reviews and ratings of this charity?
99% rating from Charity Navigator indicates that the Community Foundation of Greater Memphis Inc has achieved a Four-Star out of Four Star rating, reflecting its strong performance in various areas. The overall score is derived primarily from a 100% in Accountability & Finance, showing the organization’s effective financial management and transparency. The 10% Culture & Community score, while lower, highlights an emphasis on accountability and financial stewardship.
Strengths of the organization include a high program expense ratio of 94.51%, indicating that a significant portion of funds is directed toward programs rather than administrative costs. Additionally, the foundation demonstrates excellent fundraising efficiency with a ratio of $0.002, suggesting a low cost to raise funds. The presence of an entirely independent board of 20 members further enhances the foundation's governance and integrity.
Despite its strengths, the Culture & Community score of 85 suggests potential areas for improvement in community engagement or outreach initiatives. However, the absence of any material diversion of assets and the implementation of various policies point to a well-regulated organization committed to ethical practices. Overall, the Community Foundation of Greater Memphis Inc stands out as a reliable nonprofit with strong financial health and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of Greater Memphis Inc legitimate?
Community Foundation Of Greater Memphis Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of Greater Memphis 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: $1,389,573
Professional Fundraising Fees: $0
Other Salaries and Wages: $593,106
For more financial information, click here
Official website here: www.cfgm.org
What is the mission statement of Community Foundation Of Greater Memphis Inc?
The Community Foundation of Greater Memphis is a philanthropic organization that manages charitable funds with a diverse group of donors. Its primary goal is to benefit the communities of western Tennessee, eastern Arkansas, and northern Mississippi. Established in 1969, the foundation has been instrumental in strengthening the community through strategic philanthropy and community giving for more than five decades. By partnering with donors, professional advisors, and nonprofits, the organization works towards enhancing the local communities.
Official website here: www.cfgm.org
Who is the CEO of Community Foundation Of Greater Memphis Inc?
Robert Fockler is the President & Ceo of Community Foundation Of Greater Memphis Inc. The CEO's salary of Community Foundation Of Greater Memphis Inc is $361,278 and their total compensation is $414,155.
Official website here: www.cfgm.org
What is the revenue of Community Foundation Of Greater Memphis Inc?
Community Foundation Of Greater Memphis Inc's revenue in 2023 was $114,399,155.
Official website here: www.cfgm.org
Who are the executives of Community Foundation Of Greater Memphis Inc and what are their salaries?
The average compensation at Community Foundation Of Greater Memphis Inc during 2023 was $104,352. There are 19 employees and 21 volunteers at Community Foundation Of Greater Memphis Inc.
Here are 28 key members and their salaries (Community Foundation Of Greater Memphis Inc's CEO's salary is $361,278 and their total compensation is $414,155):
- Compensation: $361,278
- Related: $0
- Other: $52,877
- Compensation: $189,370
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- Other: $26,074
- Compensation: $183,378
- Related: $0
- Other: $13,766
- Compensation: $163,391
- Related: $0
- Other: $28,608
- Compensation: $145,022
- Related: $0
- Other: $21,475
- Compensation: $133,356
- Related: $0
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Official website here: www.cfgm.org
Where can I find the form 990 for Community Foundation Of Greater Memphis Inc?
Community Foundation Of Greater Memphis Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cfgm.org
Learn more at the official website: www.cfgm.org
Mission Statement of Community Foundation Of Greater Memphis Inc
The Community Foundation of Greater Memphis Inc, a philanthropic organization, plays a pivotal role in managing charitable funds with a vast donor base to benefit the regions of Western Tennessee, Eastern Arkansas, and Northern Mississippi. Since its establishment in 1969, this organization has been collaborating with donors, professional advisors, and nonprofits to strengthen the community through strategic philanthropy and community giving.
The Community Foundation of Greater Memphis is dedicated to making a difference in the lives of people across three states. By managing charitable funds, it connects donors with various causes and initiatives that align with their interests and values. The organization's mission is to facilitate and grow the giving capacity of its donors, thereby ensuring that their charitable dollars are invested wisely and effectively. Additionally, it fosters partnerships between donors, nonprofits, and local leaders to address the most pressing needs and opportunities in the community.
The Community Foundation of Greater Memphis takes a proactive approach to addressing community issues through its grantmaking programs. It supports various initiatives, including education, health, human services, and community development, to name a few. The organization's strategic philanthropy approach ensures that resources are allocated to programs and projects that have the greatest potential for long-term impact. Furthermore, it engages in collaborative efforts with other foundations, corporate partners, and government agencies to maximize the collective impact of its investments.
In summary, the Community Foundation of Greater Memphis Inc serves as a vital connector between donors, nonprofits, and the community. Its mission is to manage charitable funds and facilitate strategic giving to create lasting change in the regions of Western Tennessee, Eastern Arkansas, and Northern Mississippi. Through its collaborative efforts and strategic grantmaking, the organization is dedicated to improving the lives of individuals and communities in the areas it serves.
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Impact
October, 2024
The Community Foundation of Greater Memphis Inc. plays a pivotal role in enhancing the well-being of communities in Western Tennessee, Eastern Arkansas, and Northern Mississippi. By managing an array of charitable funds contributed by a diverse group of donors, it channels financial resources to various local organizations and initiatives that address pressing community needs.
One of the foundation's key strategies is the facilitation of donor-advised funds. This approach provides donors with the flexibility to direct their contributions toward specific charities that align with their philanthropic goals. This not only fosters a culture of giving but also empowers individuals to actively participate in shaping the community's future according to their values.
Since its inception in 1969, the Community Foundation has leveraged the collective resources of its donors to implement strategic philanthropy, ensuring that grants are not only impactful but also aligned with the community's evolving needs. By connecting financial support with local priorities in areas such as education, health, and community development, the foundation enhances the quality of life for residents and contributes to long-term sustainability and growth.
Through its efforts, the Community Foundation of Greater Memphis Inc. has become a vital catalyst for positive change and community empowerment, demonstrating the power of collaborative philanthropy in addressing local challenges and opportunities.
This information is meant to be a general summary of Community Foundation Of Greater Memphis 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: $9,828,997
- Program Service Revenue: $4,643,473
- Gross Receipts: $116,131,473
Assets and Liabilities:
- Total Assets: $852,675,440
- Total Liabilities: $10,368,700
- Net Assets: $842,306,740
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$4,552,381
SEMINAR REGISTRATION FEES
Revenue
$91,092
Organization Details
Founding Year
1969
Phone
(901) 728-4600Principal Officer
Robert Fockler
Main Address
1900 UNION AVENUE, MEMPHIS, TN, 38104
Website
www.cfgm.orgNTEE Category
Code: T310 - Philanthropy
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