Overview
What is Dripping Springs Community Foundation?
The Dripping Springs Community Foundation, based in Dripping Springs, Texas, serves as a central hub for philanthropic contributions and local non-profit organizations. Its primary purpose is to encourage and facilitate financial aid and support to organizations that cater to the needs of the Dripping Springs area's residents. The foundation delivers grants, training, and assistance to these organizations, thereby strengthening their capacity to render essential services. By doing so, the Dripping Springs Community Foundation plays a crucial role in fostering community development and bettering the lives of its residents.
Official website here: www.dscommunityfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 64%)
The Dripping Springs Community Foundation has received a Two-Star rating from Charity Navigator, indicating that the organization has room for improvement, particularly in transparency and governance. The overall score of 64% reflects several strengths, such as a solid program expense ratio of 68.33%, suggesting a good portion of funds are allocated to its mission-driven activities. Moreover, the foundation has no liabilities, demonstrating financial stability.
However, the foundation falls short in several key areas of accountability. Notably, it has 0% independent board members, which raises concerns about governance and oversight. Additionally, the organization has not provided financial statements, limiting insight into its financial health and operations. While it does have policies in place regarding conflict of interest, whistleblower protections, and document retention, the absence of its tax form on the nonprofit's website further detracts from its transparency.
Overall, while the Dripping Springs Community Foundation demonstrates positive financial management in certain aspects, it needs to address its governance shortcomings and enhance transparency to build trust among stakeholders and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Dripping Springs Community Foundation legitimate?
Dripping Springs Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dripping Springs 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:
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For more financial information, click here
Official website here: www.dscommunityfoundation.org
What is the mission statement of Dripping Springs Community Foundation?
The Dripping Springs Community Foundation serves as a platform, facilitating financial aid and support to organizations that cater to the community's needs. Its mission, in essence, is to act as a centralized resource for both donors and local non-profit organizations. By encouraging and facilitating philanthropic gifts, the foundation delivers grants, training, and support to these organizations, enabling them to provide essential services to the community's residents. In doing so, the Dripping Springs Community Foundation plays a crucial role in strengthening and uplifting its community.
Official website here: www.dscommunityfoundation.org
Who is the CEO of Dripping Springs Community Foundation?
Robert Musgrove is the President of Dripping Springs Community Foundation.
Official website here: www.dscommunityfoundation.org
What is the revenue of Dripping Springs Community Foundation?
Dripping Springs Community Foundation's revenue in 2022 was $600,622.
Official website here: www.dscommunityfoundation.org
Who are the executives of Dripping Springs Community Foundation and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.dscommunityfoundation.org
Where can I find the form 990 for Dripping Springs Community Foundation?
Dripping Springs Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dscommunityfoundation.org
Learn more at the official website: www.dscommunityfoundation.org
Mission Statement of Dripping Springs Community Foundation
The Dripping Springs Community Foundation serves as a vital facilitator, offering a platform for donors to provide financial aid and support to organizations that contribute positively to their community. Its mission is multifaceted, encompassing the provision of grants, training, and assistance to these organizations. By doing so, the foundation aims to strengthen the capacity of these non-profits to deliver essential services to the residents of their respective areas. The Dripping Springs Community Foundation acts as a centralized resource, fostering philanthropic giving and promoting the well-being of the community by supporting organizations that align with its mission.
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Impact
July, 2024
Dripping Springs Community Foundation plays a crucial role in supporting and strengthening local nonprofit organizations in the Dripping Springs, Texas area. By serving as a centralized resource for both donors and nonprofits, the foundation facilitates philanthropic gifts and provides grants, training, and support to organizations that deliver essential services to residents. Through its work, the foundation significantly impacts the community by ensuring that critical needs are met, fostering a culture of giving, and enhancing the overall well-being of Dripping Springs and its residents.
This information is meant to be a general summary of Dripping Springs 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: -$58,160
- Gross Receipts: $600,622
Assets and Liabilities:
- Total Assets: $1,107,008
- Total Liabilities: $0
- Net Assets: $1,107,008
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUNDRAISING T-SHIRT SALE
Organization Details
Phone
(512) 496-5112Principal Officer
Robert Musgrove
Main Address
PO Box 1684, DRIPPING SPRINGS, TX, 78620
NTEE Category
Code: T110 - Philanthropy
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