Overview
What is San Miguel Community Foundation?
San Miguel Community Foundation, based in Laredo, Texas, serves as a benevolent organization dedicated to providing charitable aid to the most vulnerable non-profit entities in San Miguel de Alendes, Mexico. Through its grants, the foundation supports over 47 charities, primarily with Mexican Asociacion Civil status. Their mission is to allocate funds to organizations where they can make a significant impact, addressing the most pressing needs and areas where financial resources are scarce. Beyond financial aid, San Miguel Community Foundation collaborates with Club Rotario de Medio Dia to contribute to community organizations' services.
Official website here: www.sanmiguelcommunityfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
The San Miguel Community Foundation has received an 84% rating from Charity Navigator, indicating a strong performance in accountability and finance. This score is derived solely from their financial practices, which are well-regarded, with no material diversions of assets reported and a high program expense ratio of 93.62%. These figures suggest that a significant portion of their budget is directed towards their programs, aligning with effective nonprofit standards.
The organization showcases a fully independent board, achieving the maximum score for board member independence. Additionally, they maintain sound financial management practices, demonstrated by their comprehensive financial statements. However, the foundation is noted to be lacking in certain governance policies such as conflict of interest and whistleblower policies, which could be a concern for potential donors or stakeholders looking for transparency in governance practices.
Overall, while the San Miguel Community Foundation demonstrates solid financial health and governance through its independent board and low liabilities, the absence of specific policy frameworks may limit its overall rating potential. Donors can feel confident in the organization’s financial stewardship, but the gaps in governance policies warrant attention.
This AI summary has been generated from information found on Charity Navigator.
Is San Miguel Community Foundation legitimate?
San Miguel Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. San Miguel 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: $34,142
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.sanmiguelcommunityfoundation.org
What is the mission statement of San Miguel Community Foundation?
The San Miguel Community Foundation (SMCF) grants charitable funds to benefit the most needy non-profit organizations in Mexico. The foundation awards its grants to charities where a significant impact can be made, prioritizing areas of greatest need and where other financial resources are limited. The mission of SMCF is to provide essential support to these charities, aiming to make a meaningful difference in their operations. The foundation's grant decisions are made through a thorough review process, ensuring that the funds are allocated effectively and efficiently. Overall, the goal of SMCF is to support the well-being and improvement of underprivileged communities in Mexico.
Official website here: www.sanmiguelcommunityfoundation.org
Who is the CEO of San Miguel Community Foundation?
Donna Foundray is the Principal Officer of San Miguel Community Foundation.
Official website here: www.sanmiguelcommunityfoundation.org
What is the revenue of San Miguel Community Foundation?
San Miguel Community Foundation's revenue in 2022 was $602,169.
Official website here: www.sanmiguelcommunityfoundation.org
Who are the executives of San Miguel Community Foundation and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.sanmiguelcommunityfoundation.org
Where can I find the form 990 for San Miguel Community Foundation?
San Miguel Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sanmiguelcommunityfoundation.org
Learn more at the official website: www.sanmiguelcommunityfoundation.org
Mission Statement of San Miguel Community Foundation
The San Miguel Community Foundation, in its mission, focuses on granting charitable funds to support the most vulnerable non-profit organizations in San Miguel de Alendes, Mexico. This non-profit organization awards grants to charities where a significant impact can be made, prioritizing those with the greatest need at the time of review, and where other financial resources are scarce. The foundation's grants are designed to benefit the most needy sectors of the community, aiming to make a meaningful difference in people's lives. The San Miguel Community Foundation serves as a crucial source of support for over 47 charities in Mexico, many of which hold Mexican Asociacion Civil status.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
San Miguel Community Foundation has a significant impact on the most needy non-profit Mexican charities in San Miguel de Allende. Through its grants, the foundation supports over 47 charities, all of which have Mexican Asociacion Civil status. These grants are awarded to organizations where a meaningful difference can be made, addressing the greatest needs at the time of review when other financial resources are not readily available. This targeted support through SMCF plays a crucial role in improving the lives of individuals and communities in San Miguel de Allende.
This information is meant to be a general summary of San Miguel 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: $183,838
- Gross Receipts: $1,098,561
Assets and Liabilities:
- Total Assets: $5,975,213
- Total Liabilities: $0
- Net Assets: $5,975,213
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1976
Phone
(415) 152-7447Principal Officer
Donna Foundray
Main Address
220 North Zapata Highway APT 11, Laredo, TX, 78043
NTEE Category
Code: P840 - Human services
If you are a representative of San Miguel Community Foundation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.