Overview
What is Charlotte Community Foundation Inc?
Charlotte Community Foundation Inc, established in Punta Gorda, Florida, serves as a philanthropic facilitator. Their primary role is to manage various types of funds, such as donor-advised and designated funds, with a focus on supporting general charitable purposes as per the donor's recommendations and the approval of their board. In 2022, they distributed financial aid totaling $849,715 to 64 diverse nonprofit organizations. Additionally, they administer scholarships for high school seniors and continuing education students in Charlotte County, awarding $202,950 in scholarship funds in 2022. Essentially, Charlotte Community Foundation Inc connects individuals with a passion for giving to causes that resonate with them.
Official website here: www.charlottecf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Charlotte Community Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The foundation has a perfect score in all evaluated areas, particularly highlighting the effectiveness of its independent board and the absence of any material diversion of assets. Overall, the charity's financial practices are exemplary, with a high program expense ratio indicating that the majority of its funds are directed towards fulfilling its mission.
Strengths of the organization include a well-structured governance framework, with a board composed entirely of independent members, which enhances its oversight capabilities. Additionally, the foundation has robust policies in place regarding conflicts of interest and whistleblower protections, further ensuring its integrity and commitment to ethical practices. Its financial ratios demonstrate a healthy balance sheet, with low liabilities and high working capital, suggesting a sustainable operational model.
While the data illustrates a strong organizational performance, it's worth noting that the high scores are based solely on accountability and finance metrics. This leaves out other dimensions of nonprofit effectiveness, such as program impact or community engagement. Nonetheless, the foundation appears to be a reliable and well-managed entity within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Charlotte Community Foundation Inc legitimate?
Charlotte Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charlotte 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: $220,304
Professional Fundraising Fees: $0
Other Salaries and Wages: $177,059
For more financial information, click here
Official website here: www.charlottecf.org
What is the mission statement of Charlotte Community Foundation Inc?
The Charlotte Community Foundation Inc's mission is centered around connecting individuals who have a passion for giving with causes that require support. Acting as a facilitator of philanthropy, the foundation manages various types of funds, such as donor-advised and designated funds, to provide financial assistance for charitable purposes as recommended by the donor, subject to approval by the foundation's board. In 2022, the Charlotte Community Foundation distributed support amounting to $849,715 to 64 different nonprofit organizations. Furthermore, the foundation administers scholarships for high school seniors and continuing education students in Charlotte County, providing $202,950 in scholarship funds to local students in the same year.
Official website here: www.charlottecf.org
Who is the CEO of Charlotte Community Foundation Inc?
Kim Savasuk is the Director of Charlotte Community Foundation Inc.
Official website here: www.charlottecf.org
What is the revenue of Charlotte Community Foundation Inc?
Charlotte Community Foundation Inc's revenue in 2022 was $3,115,795.
Official website here: www.charlottecf.org
Who are the executives of Charlotte Community Foundation Inc and what are their salaries?
The average compensation at Charlotte Community Foundation Inc during 2022 was $56,766. There are 7 employees and 45 volunteers at Charlotte Community Foundation Inc.
Here are 13 key members and their salaries:
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- Compensation: $119,050
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- Other: $14,017
- Compensation: $80,519
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- Other: $6,718
Official website here: www.charlottecf.org
Where can I find the form 990 for Charlotte Community Foundation Inc?
Charlotte Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.charlottecf.org
Learn more at the official website: www.charlottecf.org
Mission Statement of Charlotte Community Foundation Inc
Charlotte Community Foundation Inc, as a philanthropic facilitator, is dedicated to bridging the gap between individuals who are passionate about making a difference and the causes that require their support. Its mission is to connect these caring individuals with charitable initiatives that align with their values, thereby impacting communities positively. The foundation serves this purpose by administering various types of funds, such as donor-advised and designated funds, to support general charitable purposes. The donor's recommendations guide the allocation of funds, which are then approved by the foundation's board. In 2022, Charlotte Community Foundation Inc provided financial assistance totalling $849,715 to 64 diverse nonprofit organizations.
Beyond this, Charlotte Community Foundation Inc also extends its support to education, offering scholarships to high school seniors and continuing education students in Charlotte County. In 2022, the foundation disbursed $202,950 in scholarship funds to local students, thereby contributing to their higher education and future prospects. In essence, Charlotte Community Foundation Inc acts as a conduit for philanthropic giving, enabling individuals to contribute positively to the causes they care about and making a meaningful impact in their communities.
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Impact
July, 2024
Charlotte Community Foundation Inc's impact is significant in connecting people who care with causes that matter. Through its mission of facilitating philanthropy, the foundation administers various funds to support general charitable purposes recommended by donors and approved by the board. In 2022 alone, Charlotte Community Foundation provided over $849,000 in support to 64 different organizations in the Charlotte County area. Additionally, the foundation administers scholarships for high school seniors and continuing education students, contributing $202,950 in scholarship funds in 2022. This demonstrates the foundation's commitment to fostering generosity and making a tangible difference in the community.
This information is meant to be a general summary of Charlotte 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: $252,379
- Gross Receipts: $3,487,670
Assets and Liabilities:
- Total Assets: $16,734,505
- Total Liabilities: $1,592,900
- Net Assets: $15,141,605
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Organization Details
Founding Year
1993
Phone
(941) 637-0077Principal Officer
Kim Savasuk
Main Address
227 SULLIVAN STREET, PUNTA GORDA, FL, 33950
Website
www.charlottecf.orgNTEE Category
Code: T310 - Philanthropy
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