Overview
What is Community Foundation Of West Alabama?
The Community Foundation of West Alabama is a nonprofit organization situated in the West Alabama area. Its primary purpose is to foster charitable, educational, literary, religious, scientific, and various other endeavors within this region. The foundation plays a significant role in empowering individuals and organizations to contribute positively to their local community. This is achieved through providing grants and scholarships to numerous charitable organizations and operating a specific program for the Tuscaloosa County Para Foundation. The Community Foundation of West Alabama's mission is to stimulate growth and improvement within the West Alabama area by enabling contributors to enhance their community's well-being.
Official website here: www.thecfwa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star Rating
The Community Foundation of West Alabama has achieved an impressive 92% score, reflecting strong performance in accountability and finance. The organization boasts a fully independent board, with 14 independent members, demonstrating a commitment to governance and oversight. Their financial statements are rigorously audited, and they maintain a healthy liabilities to assets ratio, suggesting sound financial health.
Strengths noted in their evaluation include a high program expense ratio of 82.76%, indicating that a significant portion of their funds is dedicated to direct program support. They also have a perfect fundraising efficiency ratio, which means they effectively raise funds without incurring additional costs. However, some governance policies, such as a whistleblower policy and a document retention policy, are currently missing, which could enhance accountability further.
Overall, while the Community Foundation of West Alabama is highly rated and demonstrates strong financial management and governance practices, addressing the noted gaps in their policies would bolster their operational integrity and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of West Alabama legitimate?
Community Foundation Of West Alabama is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of West Alabama 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: $47,160
Professional Fundraising Fees: $0
Other Salaries and Wages: $57,568
For more financial information, click here
Official website here: www.thecfwa.org
What is the mission statement of Community Foundation Of West Alabama?
The Community Foundation of West Alabama is committed to enhancing charitable, educational, literary, religious, scientific, and other endeavors within its local area. This organization aims to empower individuals and organizations to contribute to the improvement of their community. They provide grants and scholarships to various charitable organizations and have a specific program for the Tuscaloosa County Para Foundation. The primary goal is to foster growth and betterment within the West Alabama community.
Official website here: www.thecfwa.org
Who is the CEO of Community Foundation Of West Alabama?
Glenn Taylor is the Chairman of Community Foundation Of West Alabama. The CEO's salary of Community Foundation Of West Alabama is $47,161 and their total compensation is $47,161.
Official website here: www.thecfwa.org
What is the revenue of Community Foundation Of West Alabama?
Community Foundation Of West Alabama's revenue in 2022 was $1,116,961.
Official website here: www.thecfwa.org
Who are the executives of Community Foundation Of West Alabama and what are their salaries?
The average compensation at Community Foundation Of West Alabama during 2022 was $34,909. There are 3 employees at Community Foundation Of West Alabama.
Here are 15 key members and their salaries (Community Foundation Of West Alabama's CEO's salary is $47,161 and their total compensation is $47,161):
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Official website here: www.thecfwa.org
Where can I find the form 990 for Community Foundation Of West Alabama?
Community Foundation Of West Alabama's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thecfwa.org
Learn more at the official website: www.thecfwa.org
Mission Statement of Community Foundation Of West Alabama
The Community Foundation of West Alabama, as a nonprofit organization, is committed to advancing charitable, educational, literary, religious, scientific, and various other endeavors within the West Alabama region. The primary objective of this foundation is to empower individuals and organizations to contribute to the betterment of their respective communities. By providing resources and opportunities, the Community Foundation of West Alabama encourages and supports initiatives that seek to improve the quality of life for its residents.
In addition to its overarching mission, the Community Foundation of West Alabama offers grants and scholarships to various charitable organizations within its area. This commitment to supporting local organizations highlights the foundation's dedication to fostering growth and development within its community. Furthermore, the organization has a specific program for the Tuscaloosa County Para Foundation, indicating a focus on collaborating with other local entities to achieve collective goals and enhance the overall well-being of the community.
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Impact
July, 2024
Community Foundation Of West Alabama's impact can be seen in the significant support it provides for charitable, educational, literary, religious, scientific, and other endeavors within the West Alabama area. The foundation plays a vital role in enabling individuals and organizations to contribute to the betterment of their community. Through programs such as grants and scholarships to various charitable organizations, as well as initiatives like the Tuscaloosa county para Foundation, the foundation actively promotes philanthropy and positive social change in the region.
This information is meant to be a general summary of Community Foundation Of West Alabama. 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: $295,706
- Gross Receipts: $1,134,796
Assets and Liabilities:
- Total Assets: $15,413,835
- Total Liabilities: $3,370,503
- Net Assets: $12,043,332
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Organization Details
Founding Year
1999
Phone
(205) 366-0698Principal Officer
Glenn Taylor
Main Address
PO BOX 3033, TUSCALOOSA, AL, 35403
Website
www.thecfwa.orgNTEE Category
Code: T31 - Philanthropy
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