Overview
What is Marietta Community Foundation Inc?
Marietta Community Foundation Inc, located in Marietta, Ohio, serves as a community trust, distributing funds to eligible charitable organizations and deserving students. With a team of five dedicated individuals, they adhere to donor restrictions or board-approved guidelines for unrestricted grant distribution. The foundation's primary purpose is to support various charitable and non-profit organizations, as well as offering educational scholarships to qualified students, thereby enriching the community at large.
Official website here: www.mcfohio.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 95%
Marietta Community Foundation Inc has received a Four-Star out of Four Star rating from Charity Navigator, indicating a high level of accountability and financial health. With an impressive Accountability & Finance Score of 97, the foundation demonstrates robust governance practices, including a fully independent board and strong financial oversight measures. These factors contribute to the organization’s credibility and transparency, which are crucial for donor confidence.
The foundation excels in maintaining a low liabilities-to-assets ratio and a high program expense ratio of 88.05%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. Furthermore, its working capital ratio of 13.04 years suggests strong financial stability. The presence of comprehensive policies related to conflict of interest, whistleblowing, and document retention reflects a commitment to ethical practices.
However, one area of concern is the fundraising efficiency ratio, which is marked at $0.01, indicating that fundraising efforts may not be yielding significant returns. This could suggest a need for improvement in fundraising strategies to enhance overall financial sustainability. Nonetheless, the foundation's overall strong performance in other areas demonstrates its effective management and commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Marietta Community Foundation Inc legitimate?
Marietta Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Marietta 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: $214,361
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mcfohio.org
What is the mission statement of Marietta Community Foundation Inc?
The Marietta Community Foundation Inc serves as a community trust, distributing funds to eligible charitable organizations and non-profits, as well as providing student awards. Their mission, as stated, is to distribute funds to these qualifying entities in accordance with donor restrictions or board of governors approval for unrestricted net assets. They grant and award funds based on these criteria, contributing to various charitable causes and supporting deserving students with scholarships.
Official website here: www.mcfohio.org
Who is the CEO of Marietta Community Foundation Inc?
Heather Allender is the Treasurer of Marietta Community Foundation Inc. The CEO's salary of Marietta Community Foundation Inc is $97,011 and their total compensation is $105,120.
Official website here: www.mcfohio.org
What is the revenue of Marietta Community Foundation Inc?
Marietta Community Foundation Inc's revenue in 2022 was $6,794,333.
Official website here: www.mcfohio.org
Who are the executives of Marietta Community Foundation Inc and what are their salaries?
The average compensation at Marietta Community Foundation Inc during 2022 was $42,872. There are 5 employees and 9 volunteers at Marietta Community Foundation Inc.
Here are 10 key members and their salaries (Marietta Community Foundation Inc's CEO's salary is $97,011 and their total compensation is $105,120):
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $97,011
- Related: $0
- Other: $8,109
Official website here: www.mcfohio.org
Where can I find the form 990 for Marietta Community Foundation Inc?
Marietta Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mcfohio.org
Learn more at the official website: www.mcfohio.org
Mission Statement of Marietta Community Foundation Inc
Marietta Community Foundation Inc, as a community trust foundation, is dedicated to distributing funds to eligible charitable or non-profit organizations and students. Their mission is centered around awarding grants and scholarships to qualifying charitable organizations and deserving students, in compliance with donor restrictions or under the approval of the Board of Governors for unallocated net assets. The foundation grants or awards these funds based on its own discretion or in accordance with the specifications set by its donors. Through these initiatives, Marietta Community Foundation Inc plays a significant role in supporting various community projects and nurturing academic potential among students, thereby contributing to the betterment of society.
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
Marietta Community Foundation Inc's impact is significant in the Marietta, OH community as a trusted organization that distributes funds to qualifying charitable or non-profit organizations and student awards. Through grants and scholarships, they support deserving individuals and organizations in accordance with donor restrictions or board approvals. Their focus on philanthropy helps strengthen the community by providing essential resources and support to those in need.
This information is meant to be a general summary of Marietta 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: $446,543
- Gross Receipts: $7,024,404
Assets and Liabilities:
- Total Assets: $45,642,996
- Total Liabilities: $8,302,970
- Net Assets: $37,340,026
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2002
Phone
(740) 373-3286Principal Officer
Heather Allender
Main Address
PO BOX 77, MARIETTA, OH, 45750
Website
www.mcfohio.orgNTEE Category
Code: T31 - Philanthropy
If you are a representative of Marietta Community Foundation Inc 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.