Overview
What is Community Foundation Of North Texas Inc?
The Community Foundation of North Texas (CFNTX) is a nonprofit organization based in Fort Worth, Texas. With a team of 24 employees, CFNTX extends support to over 852 local nonprofits by granting funds totaling over $41 million in 2022. These funds aid organizations in fulfilling their missions, both in North Texas and other areas. Scholarships granted by CFNTX enabled 37 students to pursue university education. The foundation distributes grants from its various fields of interest, unrestricted endowments, designated funds, and donor-advised funds to public charities and government entities, depending on the charitable interests and concerns of the fundholders. CFNTX's primary mission is to encourage philanthropy and strengthen the community through civic leadership, providing reliable stewardship and community knowledge for individuals seeking to make meaningful charitable contributions, either during or beyond their lifetimes.
Official website here: www.northtexascf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 99% - Four-Star out of Four Star rating
The Community Foundation of North Texas Inc has earned an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization has achieved a remarkable accountability score of 99%, highlighting its commitment to transparency and responsible financial management. Key metrics such as having an entirely independent board and excellent oversight practices contribute to its high score.
The foundation excels in several areas, including having a large independent board size and robust financial oversight, with no reported material diversion of assets. Its strong program expense ratio of 95.29% indicates that a significant majority of its resources are directed towards its mission. Additionally, the foundation demonstrates effective fundraising efficiency with minimal costs incurred relative to the funds raised.
However, one limitation noted is the absence of a donor privacy policy, which has impacted its overall score slightly. Despite this, the Community Foundation of North Texas Inc maintains a strong reputation for accountability, making it a reliable choice for donors seeking to support a well-managed nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of North Texas Inc legitimate?
Community Foundation Of North Texas Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of North 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: $1,033,928
Professional Fundraising Fees: $0
Other Salaries and Wages: $936,599
For more financial information, click here
Official website here: www.northtexascf.org
What is the mission statement of Community Foundation Of North Texas Inc?
The Community Foundation of North Texas (CFNTX) is dedicated to strengthening the community through civic leadership and encouraging philanthropy. It accomplishes this by providing valuable knowledge and reliable stewardship to individuals looking to make a meaningful charitable impact, either during or beyond their lifetime. In 2022, the foundation extended resources to over 852 area non-profits, awarding grants and scholarships totaling over $41 million. These funds helped various organizations fulfill their missions and furthered educational opportunities for 37 students. The foundation grants funds from its various fields of interest, as well as through designated and donor-advised funds, to public charities and governmental entities both locally and nationally, based on the charitable interests and concerns of the fundholders.
Official website here: www.northtexascf.org
Who is the CEO of Community Foundation Of North Texas Inc?
Rose Bradshaw is the Director of Community Foundation Of North Texas Inc.
Official website here: www.northtexascf.org
What is the revenue of Community Foundation Of North Texas Inc?
Community Foundation Of North Texas Inc's revenue in 2022 was $63,354,354.
Official website here: www.northtexascf.org
Who are the executives of Community Foundation Of North Texas Inc and what are their salaries?
The average compensation at Community Foundation Of North Texas Inc during 2022 was $82,105. There are 24 employees and 50 volunteers at Community Foundation Of North Texas Inc.
Here are 30 key members and their salaries:
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Official website here: www.northtexascf.org
Where can I find the form 990 for Community Foundation Of North Texas Inc?
Community Foundation Of North Texas Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.northtexascf.org
Learn more at the official website: www.northtexascf.org
Mission Statement of Community Foundation Of North Texas Inc
The Community Foundation of North Texas (CFNTX) is a philanthropic organization dedicated to enriching the community through civic leadership and encouraging charitable giving. In accomplishing this mission, the foundation serves as a reliable steward, providing valuable community knowledge to those seeking to make meaningful charitable contributions, whether during or beyond their lifetimes.
Through its extensive efforts in 2022, CFNTX extended resources to over 852 non-profit organizations, granting and awarding over $41 million. These funds aided various organizations in fulfilling their missions to North Texas and beyond. Additionally, the foundation granted scholarships to 37 students, enabling them to pursue university education.
Beyond its direct grant-making and scholarship initiatives, the Community Foundation of North Texas manages numerous fields of interest and unrestricted endowments. Furthermore, it facilitates grants from designated and donor-advised funds to public charities and governmental entities, both locally and nationally, based on the charitable interests and concerns of the fundholders. By doing so, CFNTX plays a pivotal role in amplifying the impact of charitable giving and fostering positive change within the community it serves.
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Impact
October, 2024
The Community Foundation of North Texas Inc plays a crucial role in bolstering the region's civic life and philanthropic efforts. In 2022 alone, it extended valuable resources to over 852 area organizations, channeling more than $41 million through grants and scholarships. This funding has enabled a diverse array of organizations to pursue their missions, thereby enhancing the quality of life across North Texas.
The foundation’s impact is particularly evident in its commitment to education, as it awarded scholarships to 37 students, supporting their aspirations for higher education. It grants funds from various fields of interest and unrestricted endowments, allowing for flexibility and responsiveness to community needs. Additionally, through designated and donor-advised funds, the foundation facilitates grants to public charities and governmental entities that align with the interests of fundholders. This strategic grant-making cultivates a robust network of support that empowers both individuals and organizations across local, state, and national levels, ultimately fostering a stronger, more resilient community.
This information is meant to be a general summary of Community Foundation Of North 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: $20,884,585
- Program Service Revenue: $2,836,265
- Gross Receipts: $213,843,406
Assets and Liabilities:
- Total Assets: $455,564,813
- Total Liabilities: $17,943,109
- Net Assets: $437,621,704
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$2,836,265
Organization Details
Founding Year
1989
Phone
(817) 877-0702Principal Officer
Rose Bradshaw
Main Address
777 MAIN STREET 2850, FORT WORTH, TX, 76102
Website
www.northtexascf.orgNTEE Category
Code: T310 - Philanthropy
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