Overview
What is The Community Foundation Of Louisville Corporate Depository Inc?
The Community Foundation of Louisville Corporate Depository Inc is a nonprofit organization located at 325 W Main St 1110, Louisville, KY 40202. Their primary role is to distribute grants and contributions to eligible 501(c)(3) organizations, as stated in Section 509(a). The organization acts as a facilitator for donors' charitable giving, partnering with them to ensure lasting impact, utilizing their knowledge of the community, and offering exceptional donor engagement. Their mission is to strengthen the region through inspired philanthropy and outstanding stewardship.
Official website here: www.cflouisville.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% (Four-Star out of Four Stars )ating)
The Community Foundation Of Louisville Corporate Depository Inc has achieved an impressive Four-Star rating from Charity Navigator, indicating top performance in accountability and finance. This high rating is a reflection of the organization’s commitment to good governance, evidenced by its 100% independent board and strong oversight practices. The foundation demonstrates effective management of its financial resources, with a program expense ratio of 99.25%, ensuring that nearly all funds are directed towards its core mission.
Strengths highlighted include a rigorous audit and oversight committee, adherence to conflict of interest and whistleblower policies, and transparent financial reporting practices, including the timely availability of tax documents. The organization shows a solid liability-to-asset ratio of 1.83%, which suggests sound financial health and a low risk of insolvency. Furthermore, its fundraising efficiency is notable, with a cost of just $0.002 to raise a dollar, showcasing their operational effectiveness.
While the data does not highlight any significant limitations, the focus on financial metrics underscores the foundation's priority on fiscal responsibility, which may result in less emphasis on programmatic narratives. Overall, the organization is positioned as a highly credible entity in the nonprofit sector, dedicated to maintaining high standards of accountability and service delivery.
This AI summary has been generated from information found on Charity Navigator.
Is The Community Foundation Of Louisville Corporate Depository Inc legitimate?
The Community Foundation Of Louisville Corporate Depository Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Community Foundation Of Louisville Corporate Depository 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.cflouisville.org
What is the mission statement of The Community Foundation Of Louisville Corporate Depository Inc?
The Community Foundation of Louisville Corporate Depository Inc is dedicated to facilitating charitable giving by individuals. Their mission is to make a lasting impact in communities through inspired philanthropy and outstanding stewardship. They partner with donors to ensure the effectiveness of their charitable contributions, leverage their knowledge of local communities, and offer a high level of personal engagement to their constituents. The organization distributes grants and contributions to eligible 501(c)(3) organizations, allowing them to make a significant difference in various sectors.
Official website here: www.cflouisville.org
Who is the CEO of The Community Foundation Of Louisville Corporate Depository Inc?
Ron Gallo is the Principal Officer of The Community Foundation Of Louisville Corporate Depository Inc. The CEO's salary of The Community Foundation Of Louisville Corporate Depository Inc is $0 and their total compensation is $319,165.
Official website here: www.cflouisville.org
What is the revenue of The Community Foundation Of Louisville Corporate Depository Inc?
The Community Foundation Of Louisville Corporate Depository Inc's revenue in 2022 was $13,186,961.
Official website here: www.cflouisville.org
Who are the executives of The Community Foundation Of Louisville Corporate Depository Inc and what are their salaries?
There 7 volunteers at The Community Foundation Of Louisville Corporate Depository Inc.
Here are 13 key members and their salaries (The Community Foundation Of Louisville Corporate Depository Inc's CEO's salary is $0 and their total compensation is $319,165):
- Compensation: $0
- Related: $310,888
- Other: $8,277
- Compensation: $0
- Related: $186,028
- Other: $12,834
- Compensation: $0
- Related: $173,842
- Other: $13,578
- Compensation: $0
- Related: $128,947
- Other: $13,356
- Compensation: $0
- Related: $129,343
- Other: $9,681
- Compensation: $0
- Related: $79,652
- Other: $7,221
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cflouisville.org
Where can I find the form 990 for The Community Foundation Of Louisville Corporate Depository Inc?
The Community Foundation Of Louisville Corporate Depository Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cflouisville.org
Learn more at the official website: www.cflouisville.org
Mission Statement of The Community Foundation Of Louisville Corporate Depository Inc
The Community Foundation of Louisville Corporate Depository Inc is a philanthropic organization that plays a pivotal role in facilitating charitable giving by individuals. Dedicated to strengthening their region through inspired philanthropy and outstanding stewardship, the foundation works in partnership with donors to ensure lasting impact.
They leverage their deep knowledge of their communities and offer unmatched personal engagement to their constituents. With a focus on long-term sustainability, the foundation distributes grants and contributions to eligible 501(c)(3) organizations, as outlined in Section 509(a). By doing so, they help these organizations make a significant difference in various sectors, from education and health to culture and community development.
By partnering with donors, the foundation not only connects them with causes that resonate with their values but also helps them maximize their charitable impact. Their team of experts provides valuable insights into the nonprofit sector, ensuring that donors' contributions are allocated effectively and efficiently. Additionally, the foundation offers opportunities for personal engagement, allowing donors to be actively involved in the grant-making process and witnessing the positive change their contributions bring about in the community.
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Impact
October, 2024
The Community Foundation of Louisville Corporate Depository Inc plays a pivotal role in enhancing the philanthropic landscape of the region. By facilitating charitable giving, it enables donors to efficiently distribute grants and contributions to qualified 501(c)(3) organizations. This impact is felt through its commitment to strengthening the community by partnering with donors, ensuring their contributions create lasting change.
The foundation leverages its deep knowledge of local needs and opportunities, allowing for informed decision-making that targets impactful initiatives. With a focus on outstanding stewardship and personal engagement, it fosters a meaningful connection between donors and the communities they aim to support. The resulting collaboration not only enriches the lives of individuals and families within Louisville but also cultivates a culture of generosity and responsibility among philanthropists in the region.
This information is meant to be a general summary of The Community Foundation Of Louisville Corporate Depository 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: $80,238
- Gross Receipts: $14,767,903
Assets and Liabilities:
- Total Assets: $17,995,110
- Total Liabilities: $538,486
- Net Assets: $17,456,624
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Organization Details
Founding Year
1986
Phone
(502) 585-4649Principal Officer
Ron Gallo
Main Address
325 W MAIN ST 1110, LOUISVILLE, KY, 40202
Website
www.cflouisville.orgNTEE Category
Code: T310 - Philanthropy
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