Overview
What is The Community Trust Foundation Inc?
The Community Trust Foundation Inc, based in Cumberland, Maryland, is a nonprofit organization with a mission to strengthen its region. They achieve this by collaborating with donors and community groups. Their primary role involves building philanthropic resources, connecting donors to organizations and programs they are passionate about, and making impactful grants that address critical needs. Furthermore, they provide leadership to tackle community issues. The Foundation's work encompasses various sectors, including arts, leadership development, education, cultural appreciation, and other projects. With a small team of two dedicated individuals, The Community Trust Foundation Inc plays a significant role in uplifting its community.
Official website here: www.ctfinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
The Community Trust Foundation Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in financial accountability and transparency. The overall score of 92% highlights the organization's commitment to sound financial practices and responsible governance, which is crucial for donor trust and engagement.
The foundation excels in several key areas, including having a fully independent board, a robust program expense ratio of 94.69%, and a strong liabilities to assets ratio at 2.78%. These metrics indicate that the organization effectively utilizes its resources to fulfill its mission, ensuring that a significant portion of funds is directed toward programs instead of administrative costs. The presence of a conflict of interest policy further underscores its commitment to ethical governance.
However, the organization has been noted for lacking a whistleblower policy, which could be seen as a gap in its governance framework. Despite this limitation, the overall financial stability and transparency of The Community Trust Foundation Inc make it a reliable choice for potential donors looking to support impactful community initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is The Community Trust Foundation Inc legitimate?
The Community Trust Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Community Trust 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: $87,219
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ctfinc.org
What is the mission statement of The Community Trust Foundation Inc?
The Community Trust Foundation Inc's mission is centered around strengthening a region by collaborating with donors and community groups. Their primary objectives include building philanthropic resources, connecting donors to organizations and programs they are passionate about, and making grants that significantly impact community needs. Additionally, they offer leadership to address various community issues. The foundation supports a range of projects, such as arts, leadership development, education, cultural appreciation, and revitalization efforts.
Official website here: www.ctfinc.org
Who is the CEO of The Community Trust Foundation Inc?
Leah Shaffer is the Executive Director of The Community Trust Foundation Inc.
Official website here: www.ctfinc.org
What is the revenue of The Community Trust Foundation Inc?
The Community Trust Foundation Inc's revenue in 2022 was $849,070.
Official website here: www.ctfinc.org
Who are the executives of The Community Trust Foundation Inc and what are their salaries?
The average compensation at The Community Trust Foundation Inc during 2022 was $43,610. There are 2 employees at The Community Trust Foundation Inc.
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- Compensation: $57,240
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Official website here: www.ctfinc.org
Where can I find the form 990 for The Community Trust Foundation Inc?
The Community Trust Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ctfinc.org
Learn more at the official website: www.ctfinc.org
Mission Statement of The Community Trust Foundation Inc
The Community Trust Foundation, in its mission, aims to enhance the region by collaborating with donors and community groups. This collaboration involves building philanthropic resources, linking donors with organizations and programs that resonate with their interests, and distributing grants that significantly impact various needs. Beyond this, the Foundation provides leadership to address pressing community issues. In essence, its role is multifaceted, encompassing philanthropic resource development, donor connection, and grant-making, all with the ultimate goal of strengthening the community. The Foundation also engages in community revitalization projects, supporting initiatives in arts, leadership development, education, cultural appreciation, and various other projects.
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Impact
July, 2024
The Community Trust Foundation Inc's impact is focused on strengthening the region by working in partnership with donors and community groups. Their activities include building philanthropic resources, connecting donors to organizations/programs they care about, and making effective grants that address community needs. They are dedicated to community revitalization through support for arts, leadership development, education, cultural appreciation, and other projects in Cumberland, MD. Their mission is to provide leadership to address community issues and make a meaningful impact through philanthropy.
This information is meant to be a general summary of The Community Trust 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: $195,784
- Program Service Revenue: $52,450
- Gross Receipts: $849,070
Assets and Liabilities:
- Total Assets: $9,375,020
- Total Liabilities: $261,204
- Net Assets: $9,113,816
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Organization Details
Founding Year
2006
Phone
(301) 876-9172Principal Officer
Leah Shaffer
Main Address
112 BALTIMORE STREET, CUMBERLAND, MD, 21502
Website
www.ctfinc.orgNTEE Category
Code: T31 - Philanthropy
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