Overview
What is Community Foundation Of Abilene?
The Community Foundation of Abilene is a nonprofit organization located in Abilene, Texas. With a team of nine dedicated individuals, their primary mission is to award grants to eligible 501(c)(3) organizations within Abilene and West Central Texas, as determined by approved grant applications or the Board of Trustees. This philanthropic institution aims to enhance the welfare of local residents by providing financial support to various civic and public organizations.
Official website here: www.cfabilene.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Community Foundation of Abilene has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial management. The foundation's strong score of 97% is derived entirely from its Accountability & Finance metrics, showcasing its commitment to transparency and responsible fiscal practices.
Key strengths of the organization include its fully independent board of 15 members and exemplary financial oversight, with no material diversion of assets reported. The foundation has implemented various policies, such as conflict of interest and whistleblower protections, ensuring ethical governance. Furthermore, a high program expense ratio of 92.12% indicates that the majority of its funding is directed toward programs and services rather than administrative costs.
Despite its strong performance, no specific limitations were mentioned in the data. The foundation's financial indicators, such as a low liabilities to assets ratio and efficient fundraising, reinforce its solid standing in the nonprofit sector. Overall, the Community Foundation of Abilene exemplifies effective nonprofit management and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of Abilene legitimate?
Community Foundation Of Abilene is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of Abilene 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: $244,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $466,875
For more financial information, click here
Official website here: www.cfabilene.org
What is the mission statement of Community Foundation Of Abilene?
The Community Foundation of Abilene focuses on making grant donations to civic and public organizations primarily within their community, with the ultimate goal of improving the general welfare of local residents. They provide financial assistance to approved 501(c)(3) organizations based on grant applications or through decisions made by their Board of Trustees. Their mission is centered on bettering the lives of community members by supporting a range of initiatives and causes. Through their grant-making process, they aim to foster growth and development in various sectors, ultimately contributing to a thriving community.
Official website here: www.cfabilene.org
Who is the CEO of Community Foundation Of Abilene?
Katie Alford is the Member of Community Foundation Of Abilene. The CEO's salary of Community Foundation Of Abilene is $220,500 and their total compensation is $233,280.
Official website here: www.cfabilene.org
What is the revenue of Community Foundation Of Abilene?
Community Foundation Of Abilene's revenue in 2022 was $40,559,088.
Official website here: www.cfabilene.org
Who are the executives of Community Foundation Of Abilene and what are their salaries?
The average compensation at Community Foundation Of Abilene during 2022 was $79,008. There are 9 employees and 214 volunteers at Community Foundation Of Abilene.
Here are 16 key members and their salaries (Community Foundation Of Abilene's CEO's salary is $220,500 and their total compensation is $233,280):
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- Compensation: $220,500
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- Other: $12,780
Official website here: www.cfabilene.org
Where can I find the form 990 for Community Foundation Of Abilene?
Community Foundation Of Abilene's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfabilene.org
Learn more at the official website: www.cfabilene.org
Mission Statement of Community Foundation Of Abilene
The Community Foundation of Abilene is a grant-making organization with a mission to enhance the lives of people in its primary service area by providing financial support to various unrelated civic and public organizations. Through its grant donations, the foundation plays a pivotal role in promoting the general welfare of residents within Abilene and West Central Texas.
In practice, the Community Foundation of Abilene funds qualified 501(c)(3) organizations based on grant applications or decisions made by its Board of Trustees. The foundation's grants contribute significantly to the community, reaching a wide range of initiatives aimed at improving the quality of life for local residents. By investing in these organizations, the foundation fosters long-term growth and positive change within the community.
Through its philanthropic efforts, the Community Foundation of Abilene seeks to create a lasting impact on the well-being of its constituents. The grant donations not only provide critical financial resources, but they also serve as a testament to the Foundation's commitment to the welfare of the community. The foundation's support is essential in helping organizations fulfill their own missions and make a difference in the lives of individuals within the service area.
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Impact
October, 2024
The Community Foundation of Abilene plays a vital role in enhancing the quality of life for residents in Abilene and West Central Texas by providing financial support through grant donations. By facilitating contributions to various civic and public organizations, the foundation helps address the diverse needs of the community and encourages innovative solutions to local challenges.
Through a systematic grant application process, the foundation allocates funds to qualified 501(c)(3) organizations that are positioned to make a significant impact in areas such as education, health, arts, and community development. This commitment to philanthropy not only bolsters local initiatives but also fosters collaboration among various sectors, enabling a stronger, more resilient community.
In essence, the Community Foundation of Abilene is a catalyst for positive change, ensuring that the welfare of area residents is prioritized and supported through strategic investments that align with the community’s evolving needs.
This information is meant to be a general summary of Community Foundation Of Abilene. 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: $10,284,591
- Gross Receipts: $93,424,843
Assets and Liabilities:
- Total Assets: $173,679,067
- Total Liabilities: $27,514,742
- Net Assets: $146,164,325
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Organization Details
Founding Year
1985
Phone
(325) 676-3883Principal Officer
Katie Alford
Main Address
PO BOX 1001, ABILENE, TX, 79604
Website
www.cfabilene.orgNTEE Category
Code: T310 - Philanthropy
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