Overview
What is Communities Foundation Of Texas Inc?
Communities Foundation of Texas Inc, located in Dallas, Texas, is a nonprofit organization dedicated to serving charitable needs both domestically and abroad. With a team of 170 employees, they carry out their mission through charitable grants and services, all under the discretion of their Board of Trustees. The foundation has achieved significant impact by distributing grants to various charities, addressing both local and global needs.
Official website here: www.cftexas.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Stars)
Communities Foundation of Texas Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial management. The organization scored 99% in the Accountability & Finance category, indicating that it meets high standards for transparency and effectiveness in its operations. This rating is derived from a detailed analysis of various financial practices and governance structures.
One of the notable strengths of Communities Foundation of Texas is its independent board composition, with all 18 members being independent, which fosters unbiased decision-making. The organization also excels in areas such as financial oversight, with no material diversion of assets reported, and maintains comprehensive policies including conflict of interest and whistleblower protections. Additionally, the charity has made its financial statements and governance policies readily accessible on its website.
However, it is worth mentioning that the charity does not have a donor privacy policy posted on its website, which is a minor area for improvement in its information transparency. Overall, the Communities Foundation of Texas demonstrates a robust operational framework and a strong emphasis on accountability, making it a trustworthy organization for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Communities Foundation Of Texas Inc legitimate?
Communities Foundation Of Texas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Communities Foundation Of Texas 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: $3,962,111
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,297,315
For more financial information, click here
Official website here: www.cftexas.org
What is the mission statement of Communities Foundation Of Texas Inc?
Communities Foundation of Texas Inc is dedicated to addressing charitable needs, both domestically and abroad, by dispensing charitable grants and rendering services, all under the guidance of its Board of Trustees. The organization's primary objective is fulfilled through numerous charitable grants and the provision of charitable services to support various humanitarian causes. The foundation's commitment extends beyond borders, making a significant impact on communities around the world.
Official website here: www.cftexas.org
Who is the CEO of Communities Foundation Of Texas Inc?
David J Scullin is the Chair of Communities Foundation Of Texas Inc. The CEO's salary of Communities Foundation Of Texas Inc is $539,979 and their total compensation is $594,986.
Official website here: www.cftexas.org
What is the revenue of Communities Foundation Of Texas Inc?
Communities Foundation Of Texas Inc's revenue in 2022 was $274,423,452.
Official website here: www.cftexas.org
Who are the executives of Communities Foundation Of Texas Inc and what are their salaries?
The average compensation at Communities Foundation Of Texas Inc during 2022 was $83,879. There are 170 employees and 1015 volunteers at Communities Foundation Of Texas Inc.
Here are 41 key members and their salaries (Communities Foundation Of Texas Inc's CEO's salary is $539,979 and their total compensation is $594,986):
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- Compensation: $539,979
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- Other: $55,007
- Compensation: $368,067
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- Compensation: $277,057
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- Other: $30,878
- Compensation: $246,991
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- Compensation: $194,807
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- Compensation: $158,720
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- Compensation: $146,343
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- Other: $30,992
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- Compensation: $289,981
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- Other: $37,532
- Compensation: $171,871
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- Compensation: $225,884
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- Compensation: $209,532
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- Compensation: $175,581
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- Other: $18,497
- Compensation: $171,871
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- Other: $21,942
- Compensation: $157,878
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- Other: $14,485
Official website here: www.cftexas.org
Where can I find the form 990 for Communities Foundation Of Texas Inc?
Communities Foundation Of Texas Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cftexas.org
Learn more at the official website: www.cftexas.org
Mission Statement of Communities Foundation Of Texas Inc
Communities Foundation of Texas, a charitable organization, is dedicated to addressing charitable needs both in the United States and abroad. The foundation executes its mission through the strategic distribution of charitable grants and provision of services, all decided upon by its Board of Trustees. By doing so, Communities Foundation of Texas aims to make a significant impact on various communities, both domestically and internationally.
The foundation's commitment to charitable giving and community support is evident in its numerous grants and services. Through these initiatives, Communities Foundation of Texas helps to address a wide range of needs, from education and health to arts and culture. By placing trust in the discretion of its Board of Trustees, the organization is able to respond effectively to the evolving needs of the communities it serves.
Communities Foundation of Texas' dedication to its mission is demonstrated through its past accomplishments. The organization has made a considerable impact by providing essential resources to charitable organizations and causes. The attached Schedules F and I serve as a testament to the foundation's unwavering commitment to making a difference in the lives of those in need.
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Impact
October, 2024
Communities Foundation of Texas Inc significantly impacts both local and global communities by addressing charitable needs through strategic grants and services. This organization is dedicated to enhancing the quality of life by supporting a variety of initiatives, ensuring resources are allocated effectively to meet pressing societal challenges. By leveraging the expertise of its Board of Trustees, it identifies key areas of need and allocates funds to impactful projects that create lasting change. Their commitment to philanthropy fosters community development, empowerment, and sustainability, making a profound difference in the lives of many individuals and families. Through a combination of local outreach and international support, the foundation contributes to a vibrant and thriving society.
This information is meant to be a general summary of Communities Foundation Of Texas 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: $28,101,671
- Program Service Revenue: $6,135,984
- Gross Receipts: $430,902,918
Assets and Liabilities:
- Total Assets: $891,470,306
- Total Liabilities: $98,517,497
- Net Assets: $792,952,809
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDUCATE TEXAS
Revenue
$3,594,116
SUPPORT FOUNDATION FEE
Revenue
$2,365,436
RENTAL INCOME
Revenue
$176,432
Organization Details
Founding Year
1960
Phone
(214) 750-4222Principal Officer
David J Scullin
Main Address
5500 CARUTH HAVEN LANE, DALLAS, TX, 75225
Website
www.cftexas.orgNTEE Category
Code: T310 - Philanthropy
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