Overview
What is Coral Gables Community Foundation Inc?
Coral Gables Community Foundation Inc, located at 1825 Ponce de Leon Blvd, Coral Gables, Florida 33134, is a nonprofit organization committed to fostering charitable projects in various sectors. Their mission includes promoting cultural, educational, historic, social, and health initiatives through grants and distributions. The foundation, with a team of 7 dedicated individuals, is active in distributing funds for such projects, contributing to the betterment of their community.
Official website here: www.gablesfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 97%, Four-Star out of Four Star rating.
The Coral Gables Community Foundation Inc has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The organization boasts a perfect score in several key areas, including an independent board with 100% of its members being independent, as well as a strong financial oversight structure. With a program expense ratio of 86.80%, the foundation demonstrates a commitment to channeling funds into its mission-driven activities effectively.
While the foundation has many strengths, it has been noted for lacking a whistleblower policy, which could enhance its transparency and accountability. Overall, the organization's financial health is robust, with a low liabilities to assets ratio of 2.31% and a working capital ratio of 3.21 years, suggesting it is well-positioned to sustain its operations and fulfill its charitable mission.
In summary, Coral Gables Community Foundation Inc stands out for its strong governance and financial practices. However, implementing a whistleblower policy could further bolster its commitment to transparency, making it an even more trustworthy choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Coral Gables Community Foundation Inc legitimate?
Coral Gables Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coral Gables Community 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: $126,731
Professional Fundraising Fees: $0
Other Salaries and Wages: $174,001
For more financial information, click here
Official website here: www.gablesfoundation.org
What is the mission statement of Coral Gables Community Foundation Inc?
The Coral Gables Community Foundation Inc is committed to promoting initiatives that encourage cultural, educational, historical, social, and health-related charitable projects. Their mission, in essence, is to foster these types of programs, aiming to make a positive impact in various aspects of community life. The organization supports this mission through the distribution of grants and funds for social services and educational projects.
Official website here: www.gablesfoundation.org
Who is the CEO of Coral Gables Community Foundation Inc?
Mary Snow is the Co-Chair Community Giving of Coral Gables Community Foundation Inc.
Official website here: www.gablesfoundation.org
What is the revenue of Coral Gables Community Foundation Inc?
Coral Gables Community Foundation Inc's revenue in 2022 was $2,958,894.
Official website here: www.gablesfoundation.org
Who are the executives of Coral Gables Community Foundation Inc and what are their salaries?
The average compensation at Coral Gables Community Foundation Inc during 2022 was $42,962. There are 7 employees and 74 volunteers at Coral Gables Community Foundation Inc.
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Official website here: www.gablesfoundation.org
Where can I find the form 990 for Coral Gables Community Foundation Inc?
Coral Gables Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gablesfoundation.org
Learn more at the official website: www.gablesfoundation.org
Mission Statement of Coral Gables Community Foundation Inc
Coral Gables Community Foundation Inc is dedicated to promoting charitable initiatives that enrich various aspects of society. Their mission is centered around fostering programs that encourage cultural, educational, historical, social, and health-related projects. By providing grants and distributions, this nonprofit organization seeks to contribute positively to its community, encouraging growth and development across multiple sectors. The foundation's activities aim to uplift the local population and inspire a sense of unity and progress.
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Impact
July, 2024
Coral Gables Community Foundation Inc fosters programs that encourage cultural, educational, historic, social, and health charitable projects. Through various social service and educational grants and distributions, the foundation makes a tangible impact on the community of Coral Gables, Florida. Its mission is to support initiatives that benefit the community in multiple aspects, including cultural enrichment, educational advancement, historic preservation, social services, and healthcare support. As a philanthropic organization, Coral Gables Community Foundation Inc plays a vital role in improving the quality of life for residents and fostering positive change in the local community.
This information is meant to be a general summary of Coral Gables Community 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 2022.
- Investment Income: $137,538
- Gross Receipts: $3,312,124
Assets and Liabilities:
- Total Assets: $8,386,910
- Total Liabilities: $193,833
- Net Assets: $8,193,077
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Organization Details
Founding Year
1990
Phone
(305) 445-9670Principal Officer
Mary Snow
Main Address
1825 PONCE DE LEON BLVD 447, CORAL GABLES, FL, 33134
Website
www.gablesfoundation.orgNTEE Category
Code: T31 - Philanthropy
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