Overview
What is Cherokee Strip Community Foundation?
The Cherokee Strip Community Foundation is a nonprofit organization situated in Enid, Oklahoma. With a focus on Northwest Oklahoma, their primary mission is to address the region's charitable needs by managing and growing endowment and other funds. By preserving capital and increasing its value, the foundation aims to benefit the local communities. They engage in both targeted grant distributions from endowed and donor-advised funds, as well as a competitive grant cycle for proposals from regional non-profits. Their funding priorities include special projects, innovative programs, technology, and capacity building. The organization is led by a small team of two dedicated individuals.
Official website here: www.cherokeestripcf.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%
The Cherokee Strip Community Foundation has achieved an impressive Four-Star out of Four Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial integrity. The organization scores 100% in the Accountability & Finance category, indicating that it effectively manages its resources and operates transparently. This level of performance demonstrates its dedication to responsible governance and the prudent management of donor contributions.
Strengths of the foundation include an entirely independent board of directors, which enhances its decision-making processes. The foundation's financial practices are also noteworthy, as evidenced by its high program expense ratio of almost 90%. This indicates that a significant majority of its expenses are directed towards fulfilling its mission rather than administrative costs, ensuring that donor funds are effectively utilized for community benefit.
While the foundation's performance metrics are outstanding, ongoing efforts to maintain this level of excellence will be essential. Continued transparency and adherence to governance best practices will support the foundation's long-term sustainability and community impact. Overall, the Cherokee Strip Community Foundation stands out as a trustworthy organization dedicated to serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Cherokee Strip Community Foundation legitimate?
Cherokee Strip Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cherokee Strip 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $135,000
For more financial information, click here
Official website here: www.cherokeestripcf.com
What is the mission statement of Cherokee Strip Community Foundation?
The Cherokee Strip Community Foundation's mission is centered around serving the charitable needs of a particular region in Oklahoma. They accomplish this by managing and growing endowment and other funds. The primary objective of this administration is to preserve capital and enhance its value, ultimately benefiting the communities in the region. The foundation engages in distributing funds from endowed and donor-advised funds, as well as through a competitive grant cycle. During this competitive grant cycle, they welcome proposals from various non-profit organizations serving residents in Northwest Oklahoma, focusing on special projects, innovative programs, technological advancements, and capacity building.
Official website here: www.cherokeestripcf.com
Who is the CEO of Cherokee Strip Community Foundation?
Todd Hamilton is the Executive Director of Cherokee Strip Community Foundation.
Official website here: www.cherokeestripcf.com
What is the revenue of Cherokee Strip Community Foundation?
Cherokee Strip Community Foundation's revenue in 2022 was $3,966,515.
Official website here: www.cherokeestripcf.com
Who are the executives of Cherokee Strip Community Foundation and what are their salaries?
The average compensation at Cherokee Strip Community Foundation during 2022 was $67,500. There are 2 employees and 50 volunteers at Cherokee Strip Community Foundation.
Here are 17 key members and their salaries:
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Official website here: www.cherokeestripcf.com
Where can I find the form 990 for Cherokee Strip Community Foundation?
Cherokee Strip Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cherokeestripcf.com
Learn more at the official website: www.cherokeestripcf.com
Mission Statement of Cherokee Strip Community Foundation
The Cherokee Strip Community Foundation, a renowned non-profit organization, is dedicated to serving the charitable needs of communities in Northwest Oklahoma. Its primary mission is to manage and enhance the value of endowment and other funds. By doing so, the foundation aims to preserve capital and contribute to the betterment of the communities in their area. The Cherokee Strip Community Foundation accomplishes this through various means, including distributing funds from endowed and donor-advised funds to beneficiaries. In addition, the foundation holds a competitive grant cycle, where it distributes funds from Field of Interest Funds to non-profits serving residents in the Northwest Oklahoma area. The Foundation focuses its competitive grant funding on special projects, innovative programs, technology, and capacity building.
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Impact
July, 2024
The Cherokee Strip Community Foundation has a significant impact on Northwest Oklahoma by serving the charitable needs of the region through the development and administration of endowment and other funds. By preserving capital and enhancing value, the foundation benefits communities in the area through distributions, donor-advised funds, and competitive grant cycles. Through these initiatives, the foundation supports special projects, innovative programs, technology, and capacity building for nonprofits serving residents in Northwest Oklahoma.
This information is meant to be a general summary of Cherokee Strip 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: $2,731,670
- Program Service Revenue: $440,588
- Gross Receipts: $3,966,515
Assets and Liabilities:
- Total Assets: $26,497,901
- Total Liabilities: $5,192,280
- Net Assets: $21,305,621
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Distributions, Donor Advised and Competitive Grant Cycle Program Service Revenue
Revenue
$360,073
Nonprofit Conference Program Service Revenue
Revenue
$3,815
Scholarships Program Service Revenue
Revenue
$76,700
Organization Details
Founding Year
1998
Phone
(580) 747-7825Principal Officer
Todd Hamilton
Main Address
PO Box 263, Enid, OK, 73702
Website
www.cherokeestripcf.comNTEE Category
Code: T31 - Philanthropy
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