Overview
What is El Dorado Community Foundation?
The El Dorado Community Foundation, based in Placerville, California, is a dedicated nonprofit organization committed to enhancing their community both presently and for future generations. They encourage private philanthropy for public benefit, managing a permanent endowment fund to adapt to evolving community needs. The foundation acts as a catalyst, convener, and collaborator, fostering effective solutions to local challenges and opportunities. Throughout the year, they award grants to numerous community non-profits, administer endowments for local agencies, organize planned giving seminars, and engage local leaders in focus groups to discuss community needs and potential grant-making areas. The organization employs a team of eight individuals, demonstrating their ongoing commitment to their community.
Official website here: www.eldoradocf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
The El Dorado Community Foundation has achieved an impressive Four-Star rating with a perfect score of 100%, reflecting its strong commitment to accountability and financial health. This rating is entirely derived from its Accountability & Finance score, which indicates the organization adheres to high standards in managing its finances. The foundation demonstrates transparency and reliability, evidenced by its comprehensive financial statements and the presence of an independent board.
Strengths of the El Dorado Community Foundation include a board comprised largely of independent members, reflecting strong governance practices. With 66% independent board members and a solid financial oversight structure, the organization ensures that its operations are devoid of conflicts of interest. Additionally, the foundation has an excellent program expense ratio of 88.34%, indicating that a significant portion of its funds goes directly to its programs rather than administrative costs.
While the foundation exhibits numerous strengths, the review does not highlight any limitations or areas in need of improvement, further emphasizing its status as a well-managed nonprofit. Overall, the El Dorado Community Foundation stands out for its dedication to maintaining transparency and accountability in its operations, making it a trustworthy option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is El Dorado Community Foundation legitimate?
El Dorado Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. El Dorado Community Foundation 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: $165,250
Professional Fundraising Fees: $0
Other Salaries and Wages: $397,606
For more financial information, click here
Official website here: www.eldoradocf.org
What is the mission statement of El Dorado Community Foundation?
The El Dorado Community Foundation is committed to enhancing its community, both in the present and for future generations. It achieves this mission by stimulating private philanthropy for public benefit, constructing and maintaining a perpetual endowment fund to address evolving community needs, offering a tax-exempt platform for diverse donors with various charitable interests, and acting as a catalyst, convenor, and collaborator in formulating effective responses to community challenges and opportunities.
Official website here: www.eldoradocf.org
Who is the CEO of El Dorado Community Foundation?
Dan Staszak is the Principal Officer of El Dorado Community Foundation.
Official website here: www.eldoradocf.org
What is the revenue of El Dorado Community Foundation?
El Dorado Community Foundation's revenue in 2022 was $1,629,433.
Official website here: www.eldoradocf.org
Who are the executives of El Dorado Community Foundation and what are their salaries?
The average compensation at El Dorado Community Foundation during 2022 was $70,357. There are 8 employees and 40 volunteers at El Dorado Community Foundation.
Here are 19 key members and their salaries:
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Official website here: www.eldoradocf.org
Where can I find the form 990 for El Dorado Community Foundation?
El Dorado Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.eldoradocf.org
Learn more at the official website: www.eldoradocf.org
Mission Statement of El Dorado Community Foundation
The El Dorado Community Foundation is committed to enhancing its community, ensuring its prosperity both in the present and for generations to come. To achieve this mission, the Foundation engages in several key activities. Firstly, it encourages private philanthropy for public benefit, fostering a culture of giving that caters to diverse charitable interests and financial capacities. Secondly, the Foundation builds and maintains a perpetual endowment fund, serving as a financial reservoir that can adapt to the evolving needs of the community. Lastly, the El Dorado Community Foundation acts as a catalyst, convener, and collaborator in shaping effective responses to community issues and opportunities. By serving in these roles, the Foundation plays a significant part in shaping a vibrant and resilient community.
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Impact
July, 2024
El Dorado Community Foundation's impact is significant in strengthening the local community for current and future generations. By encouraging private giving for the public good, building and maintaining a permanent endowment fund, and providing a flexible tax-exempt vehicle for donors, the foundation plays a vital role in responding to changing community needs. Additionally, through awarding grants to numerous nonprofit organizations, administering endowments and grant-making services, and leading discussions with local leaders to address community needs, the foundation serves as a catalyst, convener, and partner in shaping effective responses to community problems and opportunities.
This information is meant to be a general summary of El Dorado Community Foundation. 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: -$2,046,345
- Program Service Revenue: $81,221
- Gross Receipts: $1,629,433
Assets and Liabilities:
- Total Assets: $26,381,638
- Total Liabilities: $3,383,011
- Net Assets: $22,998,627
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rents
Revenue
$81,221
Organization Details
Founding Year
1990
Phone
(530) 622-5621Principal Officer
Dan Staszak
Main Address
PO Box 1388, Placerville, CA, 95667
Website
www.eldoradocf.orgNTEE Category
Code: T31 - Philanthropy
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