Overview
What is The Community Foundation Of Middle Tennessee Inc?
The Community Foundation of Middle Tennessee Inc is a charitable organization based in Nashville, Tennessee. With a team of 59 dedicated individuals, they act as a leader, catalyst, and resource for philanthropy within the Middle Tennessee community. Their mission is to build and maintain a permanent endowment, allocating funds to various grant-making activities that address the evolving needs and opportunities in the fields of social services, education, health, the environment, and the arts. By combining the charitable gifts of numerous donors, they offer flexible and cost-effective ways for individuals, families, and corporations to contribute to their community.
Official website here: www.cfmt.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Stars)
The Community Foundation of Middle Tennessee Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial management. The organization boasts an excellent score of 99 in the Accountability & Finance category, showcasing its transparent practices, independent board structure, and effective oversight mechanisms. With a high program expense ratio of 95.19%, the foundation demonstrates effective allocation of its funds towards its charitable programs.
User feedback is mixed, with some praising the foundation's role in disaster recovery and support for the nonprofit community, while others have expressed dissatisfaction, particularly regarding assistance provided during the 2010 Nashville floods. A review highlighted the foundation's perceived failure to distribute funds effectively to those in need, leading to concerns about its responsiveness to community crises.
While the foundation excels in transparency and financial practices, these contrasting reviews emphasize the importance of ongoing engagement with the community and ensuring that funds are used effectively to meet immediate needs. The foundation's challenge remains to address and rectify past criticisms to maintain trust among potential donors and beneficiaries.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is The Community Foundation Of Middle Tennessee Inc legitimate?
The Community Foundation Of Middle Tennessee Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Community Foundation Of Middle Tennessee 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: $512,148
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,180,500
For more financial information, click here
Official website here: www.cfmt.org
What is the mission statement of The Community Foundation Of Middle Tennessee Inc?
The Community Foundation of Middle Tennessee Inc is a charitable organization dedicated to serving its community. Its mission is to act as a leader, catalyst, and resource for philanthropy. The foundation builds and maintains a permanent endowment to address the evolving needs and opportunities of the Middle Tennessee community. It offers flexible and cost-effective ways for individuals, families, and businesses to give back to their community. The foundation's assets are used primarily for charitable purposes, particularly in the areas of social services, education, health, the environment, and the arts, benefiting the residents of Middle Tennessee.
Official website here: www.cfmt.org
Who is the CEO of The Community Foundation Of Middle Tennessee Inc?
Hal G Cato is the CEO of The Community Foundation Of Middle Tennessee Inc The CEO's salary of The Community Foundation Of Middle Tennessee Inc is $276,322 and their total compensation is $276,322.
Official website here: www.cfmt.org
What is the revenue of The Community Foundation Of Middle Tennessee Inc?
The Community Foundation Of Middle Tennessee Inc's revenue in 2023 was $169,682,165.
Official website here: www.cfmt.org
Who are the executives of The Community Foundation Of Middle Tennessee Inc and what are their salaries?
The average compensation at The Community Foundation Of Middle Tennessee Inc during 2023 was $65,940. There are 56 employees and 150 volunteers at The Community Foundation Of Middle Tennessee Inc.
Here are 69 key members and their salaries (The Community Foundation Of Middle Tennessee Inc's CEO's salary is $276,322 and their total compensation is $276,322):
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- Compensation: $185,261
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- Other: $13,548
Official website here: www.cfmt.org
Where can I find the form 990 for The Community Foundation Of Middle Tennessee Inc?
The Community Foundation Of Middle Tennessee Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cfmt.org
Learn more at the official website: www.cfmt.org
Mission Statement of The Community Foundation Of Middle Tennessee Inc
The Community Foundation of Middle Tennessee, Inc. (CFMT) serves as a catalyst and essential resource for philanthropy within the Middle Tennessee community. With a mission rooted in leadership, CFMT aims to build and maintain a permanent and growing endowment, designed to address the Middle Tennessee region's evolving needs and opportunities.
This charitable organization acts as a bridge between civic-minded individuals, families, and companies, offering flexible and cost-effective avenues for contributing to their community. The Foundation focuses its assets on charitable causes of a public nature, primarily benefiting Middle Tennessee residents in areas such as social services, education, health, the environment, and the arts.
CFMT's role as a leader in philanthropy is multifaceted. By providing a platform for charitable giving, the Foundation fosters collaborations, cultivates partnerships, and supports initiatives that contribute to the betterment of the Middle Tennessee community. Through its leadership, CFMT empowers donors to make a lasting impact on the causes they care about while ensuring the long-term sustainability of their philanthropic investments.
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Impact
October, 2024
The Community Foundation of Middle Tennessee Inc. plays a vital role in enhancing the quality of life for residents in the Middle Tennessee region. By serving as a leader, catalyst, and resource for philanthropy, the foundation effectively mobilizes charitable contributions from individuals, families, and companies, allowing for greater collective impact on the community's diverse needs.
Through its innovative grant-making activities, it addresses current and future challenges across multiple sectors, including social services, education, health, the environment, and the arts. By combining the charitable gifts of many, the foundation not only provides financial support but also offers leadership and guidance to initiatives that aim to improve the lives of people in the area.
The establishment of a permanent and growing endowment ensures that resources are available for evolving community opportunities, reinforcing the foundation's commitment to long-term sustainability and responsiveness. In doing so, it fosters a culture of giving and civic engagement, empowering residents to invest in their community and address pressing social issues collaboratively.
This information is meant to be a general summary of The Community Foundation Of Middle Tennessee 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: $9,766,586
- Gross Receipts: $171,358,677
Assets and Liabilities:
- Total Assets: $563,085,962
- Total Liabilities: $23,333,616
- Net Assets: $539,752,346
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Organization Details
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