Overview
What is The Canale Foundation Inc?
The Canale Foundation Inc, situated in Memphis, Tennessee, primarily serves the city and Shelby County. Their sole purpose is to accept property for endeavors that benefit the community, with a focus on religious, charitable, scientific, literary, or educational pursuits. The foundation's main objective is to support the Community Foundation of Greater Memphis, Inc., in carrying out its charitable mission. This nonprofit organization contributes to the betterment of its local community by providing resources for charitable causes.
Official website here: www.cfgm.org
Is The Canale Foundation Inc legitimate?
The Canale Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Canale 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cfgm.org
What is the mission statement of The Canale Foundation Inc?
The Canale Foundation Inc's primary mission is to aid the Community Foundation of Greater Memphis Inc in carrying out its charitable objectives. This assistance is an integral part of the Canale Foundation's exempt purpose. The Canale Foundation's only program involves accepting property, which is then utilized for religious, charitable, scientific, literary, or educational purposes primarily benefiting Memphis and Shelby County, with the aim of achieving these objectives.
Official website here: www.cfgm.org
Who is the CEO of The Canale Foundation Inc?
Robert M Fockler is the President & Ceo of The Canale Foundation Inc. The CEO's salary of The Canale Foundation Inc is $0 and their total compensation is $414,155.
Official website here: www.cfgm.org
What is the revenue of The Canale Foundation Inc?
The Canale Foundation Inc's revenue in 2023 was $249,415.
Official website here: www.cfgm.org
Who are the executives of The Canale Foundation Inc and what are their salaries?
There 11 volunteers at The Canale Foundation Inc.
Here are 11 key members and their salaries (The Canale Foundation Inc's CEO's salary is $0 and their total compensation is $414,155):
- Compensation: $0
- Related: $361,278
- Other: $52,877
- Compensation: $0
- Related: $189,370
- Other: $26,074
- Compensation: $0
- Related: $183,378
- Other: $13,766
- Compensation: $0
- Related: $145,022
- Other: $21,475
- 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: $96,685
- Other: $17,571
Official website here: www.cfgm.org
Where can I find the form 990 for The Canale Foundation Inc?
The Canale Foundation 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 The Canale Foundation Inc
The Canale Foundation Inc plays a crucial role in aiding the Community Foundation of Greater Memphis Inc in carrying out its charitable mission. This foundation's primary objective is to support initiatives that are religious, charitable, scientific, literary, or educational, primarily benefiting the community of Memphis and Shelby County. The foundation's sole program involves accepting property for exclusive use in these sectors. By doing so, The Canale Foundation Inc contributes to the broader goals of its affiliated organization, ultimately contributing to the betterment of its community.
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Impact
October, 2024
The Canale Foundation Inc plays a vital role in enhancing community welfare in Memphis and Shelby County by supporting the philanthropic efforts of the Community Foundation of Greater Memphis. Through its dedicated focus on receiving and managing property for charitable use, the foundation helps facilitate initiatives that address religious, charitable, scientific, literary, and educational needs in the region.
By aligning its efforts with the broader mission of the Community Foundation, The Canale Foundation significantly contributes to various community programs and initiatives. This ensures that resources are effectively utilized to improve the quality of life for residents, fostering an environment of support and growth. The impact is felt across multiple sectors, as the foundation's activities provide critical funding and resources for projects that uplift and empower the local community.
This information is meant to be a general summary of The Canale 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 2023.
- Investment Income: $249,415
- Gross Receipts: $374,280
Assets and Liabilities:
- Total Assets: $20,152,675
- Total Liabilities: $975
- Net Assets: $20,151,700
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Organization Details
Founding Year
1997
Phone
(901) 728-4600Principal Officer
Robert M Fockler
Main Address
1900 UNION AVENUE, MEMPHIS, TN, 38104
Website
www.cfgm.orgNTEE Category
Code: T30Z - Philanthropy
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