Overview
What is Austin Community Foundation Inc?
The Austin Community Foundation Inc, situated in Austin, Texas, serves as a grant-making organization with a workforce of 28 employees. Through various endowments and funds, it provides grants to support public charities and government efforts within the Central Texas region, focusing on the following issue areas: arts/culture, education/training, community development/service, environment, health, human services, animal-related services, and recreation/leisure. Beyond the competitive grants cycle, the foundation also makes grants through designated, donor-advised, and field of interest funds, extending its reach to entities locally, state-wide, nationally, and occasionally, internationally. In essence, the Austin Community Foundation mobilizes ideas and resources to enhance the Central Texas community.
Official website here: www.austincf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99%
Austin Community Foundation Inc has achieved a remarkable Four-Star out of Four Star rating from Charity Navigator, reflecting its commitment to high standards of accountability and finance. This rating is predominantly based on the organization's exceptional accountability practices, including a fully independent board composed of 20 members and rigorous financial oversight, which includes no material diversion of assets.
The foundation excels in transparency, having listed necessary financial documents and policies on its website. Its program expense ratio stands impressively at 98.63%, indicating that a significant majority of its expenditures directly support its mission. However, it does face a notable limitation in its fundraising efficiency, with a low ratio of $0.002, suggesting that fundraising efforts may not be as cost-effective as they could be.
Overall, Austin Community Foundation Inc demonstrates strong governance and financial health, making it a trustworthy choice for potential donors. Despite the challenges in fundraising efficiency, the foundation's dedication to maintaining a high level of accountability and service to its community is commendable.
This AI summary has been generated from information found on Charity Navigator.
Is Austin Community Foundation Inc legitimate?
Austin Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Austin 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: $689,696
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,579,237
For more financial information, click here
Official website here: www.austincf.org
What is the mission statement of Austin Community Foundation Inc?
The Austin Community Foundation Inc is dedicated to mobilizing ideas and resources to strengthen communities. Through its grantmaking activities, the foundation supports public charities and government efforts in various issue areas including arts and culture, education, community development, environment, health, human services, animal-related services, and recreation. The foundation's competitive grants cycle focuses on the Central Texas region. In addition, it manages designated, donor-advised, and field of interest funds that enable grants to be made to organizations both locally and beyond, at various levels of jurisdiction.
Official website here: www.austincf.org
Who is the CEO of Austin Community Foundation Inc?
Mike Nellis is the Chair of Austin Community Foundation Inc. The CEO's salary of Austin Community Foundation Inc is $285,000 and their total compensation is $307,976.
Official website here: www.austincf.org
What is the revenue of Austin Community Foundation Inc?
Austin Community Foundation Inc's revenue in 2022 was $118,913,586.
Official website here: www.austincf.org
Who are the executives of Austin Community Foundation Inc and what are their salaries?
The average compensation at Austin Community Foundation Inc during 2022 was $81,033. There are 28 employees and 242 volunteers at Austin Community Foundation Inc.
Here are 26 key members and their salaries (Austin Community Foundation Inc's CEO's salary is $285,000 and their total compensation is $307,976):
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- Compensation: $285,000
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- Other: $22,976
- Compensation: $188,000
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- Compensation: $152,933
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- Other: $22,565
- Compensation: $148,179
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- Other: $15,985
- Compensation: $142,921
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- Other: $6,309
- Compensation: $109,600
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- Other: $15,560
Official website here: www.austincf.org
Where can I find the form 990 for Austin Community Foundation Inc?
Austin Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.austincf.org
Learn more at the official website: www.austincf.org
Mission Statement of Austin Community Foundation Inc
Austin Community Foundation Inc, a leading philanthropic organization, channels ideas and resources to fortify Central Texas. The mission of this esteemed institution is multifaceted. It involves mobilizing ideas and assembling resources to reinforce the central Texas region.
The Austin Community Foundation Inc takes a proactive role in supporting public charities and government efforts by making grants from its various endowments and funds. It focuses on enhancing the community in the following issue areas: Arts/Culture, Education/Training, Community Development/Service, Environment, Health, Human Services, Animal-Related Services, and Recreation/Leisure. In addition, the Foundation uses designated, donor-advised, and field of interest funds to make grants to public charities and governmental entities, not just within Central Texas, but also on a local, state, national, and occasional international level. Through these grants, the Foundation contributes significantly to the betterment of various sectors within the communities it serves.
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Impact
October, 2024
Austin Community Foundation Inc mobilizes ideas and resources to strengthen Central Texas by providing targeted grantmaking to a variety of issue areas, including arts and culture, education and training, community development, health, human services, and environmental initiatives. By maintaining a competitive grants cycle, the foundation ensures that its financial support effectively addresses the needs of public charities and government efforts within the region.
Through designated, donor-advised, and field-of-interest funds, the foundation expands its reach, making grants not only locally but also at state, national, and occasionally international levels. This strategic approach enables the foundation to adapt its resources to the evolving needs of the Central Texas community, ultimately fostering a vibrant, resilient, and engaged populace. The commitment to enhancing accessible services—from recreation and leisure activities to critical health and human services—demonstrates the foundation’s holistic impact on community well-being.
This information is meant to be a general summary of Austin 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: $11,378,932
- Gross Receipts: $249,706,694
Assets and Liabilities:
- Total Assets: $442,233,146
- Total Liabilities: $62,982,994
- Net Assets: $379,250,152
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Organization Details
Founding Year
1977
Phone
(512) 472-4486Principal Officer
Mike Nellis
Main Address
4315 GUADALUPE 300, AUSTIN, TX, 78751
Website
www.austincf.orgNTEE Category
Code: T310 - Philanthropy
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