Overview
What is Manatee Community Foundation Inc?
Manatee Community Foundation Inc is a charitable organization situated in Bradenton, Florida. With a team of eight dedicated individuals, they invest in the betterment of their community by supporting nonprofit organizations, students, and community-level achievements. Through the generosity of donors, they distribute funds to organizations working in various sectors such as arts, education, health, human services, civic engagement, youth development, animal welfare, and the environment. The foundation also provides scholarships to students pursuing higher education and vocational certifications. In addition to financial support, Manatee Community Foundation facilitates community conversations, training sessions, and connections to help nonprofits grow and sustain, focusing on areas like grade-level reading success and emergency rental assistance.
Official website here: www.manateecf.org
What are the reviews and ratings of this charity?
Manatee Community Foundation Inc has received a Four-Star out of Four Star rating from Charity Navigator, with an impressive overall score of 99%. This high rating reflects the organization's strong performance in Accountability & Finance, which scored 90%, and the very high financial health indicators, including a perfect score of 100 for the most recent fiscal year. The charity demonstrates robust governance, with a wholly independent board and no material diversions of assets reported.
The foundation excels in transparency and effective oversight, as evidenced by its comprehensive policies and practices, including a conflict of interest policy and a whistleblower policy. The organization has a high program expense ratio of 88.47%, indicating that the majority of its funds are directed towards its charitable activities. Additionally, its fundraising efficiency is commendable, with only $0.09 spent to raise each dollar, showcasing a commitment to maximizing donor contributions.
Unfortunately, user reviews from GreatNonprofits could not be fetched at this time, leaving a gap in feedback from those directly impacted by the organization's work. Overall, based on available data, Manatee Community Foundation Inc is recognized for its financial integrity and strong governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Manatee Community Foundation Inc legitimate?
Manatee Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Manatee 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: $151,564
Professional Fundraising Fees: $0
Other Salaries and Wages: $274,814
For more financial information, click here
Official website here: www.manateecf.org
What is the mission statement of Manatee Community Foundation Inc?
The Manatee Community Foundation Inc's mission is centered around investing in the success of nonprofit organizations, students, and the community as a whole. It achieves this through philanthropy, education, and service, partnering with citizens to strengthen and enhance the community. The foundation awards grants to various organizations, focusing on areas such as arts, education, health, human services, civic engagement, youth development, animal welfare, and the environment. Additionally, it offers scholarships to students pursuing higher education and facilitates community conversations and forums to learn about pressing issues and support nonprofit growth. The foundation also connects residents and donors to causes they wish to invest in, as seen in its work with grade-level reading success, child welfare systems, and emergency rental assistance distribution.
Official website here: www.manateecf.org
Who is the CEO of Manatee Community Foundation Inc?
Susan Bowie is the Executive Director of Manatee Community Foundation Inc.
Official website here: www.manateecf.org
What is the revenue of Manatee Community Foundation Inc?
Manatee Community Foundation Inc's revenue in 2022 was $10,792,058.
Official website here: www.manateecf.org
Who are the executives of Manatee Community Foundation Inc and what are their salaries?
The average compensation at Manatee Community Foundation Inc during 2022 was $53,297. There are 8 employees and 30 volunteers at Manatee Community Foundation Inc.
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- Compensation: $131,962
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- Related: $217,557
- Other: $28,355
Official website here: www.manateecf.org
Where can I find the form 990 for Manatee Community Foundation Inc?
Manatee Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.manateecf.org
Learn more at the official website: www.manateecf.org
Mission Statement of Manatee Community Foundation Inc
Manatee Community Foundation, a philanthropic organization, is committed to investing in the success of nonprofit organizations, students, and the community at large. By leveraging the generosity and partnership of individuals who care about their communities, the foundation seeks to strengthen and enhance the community through philanthropy, education, and service, now and in the future.
The mission of Manatee Community Foundation is to partner with its citizens to make a meaningful impact on their community. It achieves this by awarding grants to nonprofit organizations based on the philanthropic aspirations of its donors. These grants, totaling millions of dollars, support organizations with missions focused on various sectors such as the arts, education, health, human services, civic engagement, youth development, animal welfare, and the environment. The grants are used for operational needs, capital projects, and programs/services.
Beyond grants, Manatee Community Foundation also awards scholarships to college students, including high school graduates attending community college or four-year universities, graduate students, and learners pursuing vocational or technical certifications. The foundation's commitment to education also extends to facilitating community conversations and forums to learn from participants' lived experiences and share knowledge about pressing issues. It also provides trainings to support nonprofit growth and sustainability, and connects residents and donors to causes they wish to invest in.
In summary, Manatee Community Foundation is a philanthropic organization that invests in the success of its community through grants, scholarships, and community engagement initiatives. By partnering with donors and nonprofit organizations, it seeks to strengthen and enhance the community now and for generations to come.
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Impact
July, 2024
Manatee Community Foundation Inc's impact includes awarding 843 grants totaling $6,254,768 to 322 organizations with missions focused on various community needs such as arts, education, health, human services, and more. Additionally, they have awarded 92 scholarships totaling $248,419 to college students pursuing higher education. The foundation also facilitates community conversations, forums, and trainings to support organizational growth and sustainability, as well as connect residents and donors to causes they wish to invest in, such as grade-level reading success and emergency rental assistance. Through their work in philanthropy, education, and service, Manatee Community Foundation Inc partners with citizens to strengthen and enhance the community now and in the future.
This information is meant to be a general summary of Manatee 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: $3,177,773
- Program Service Revenue: $555,962
- Gross Receipts: $18,432,571
Assets and Liabilities:
- Total Assets: $57,782,445
- Total Liabilities: $12,931,176
- Net Assets: $44,851,269
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$555,962
Organization Details
Founding Year
1998
Phone
(941) 747-7765Principal Officer
Susan Bowie
Main Address
2820 MANATEE AVENUE WEST, BRADENTON, FL, 34205
Website
www.manateecf.orgNTEE Category
Code: T31 - Philanthropy
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