Overview
What is East Texas Communities Foundation?
East Texas Communities Foundation is a nonprofit organization based in Tyler, Texas, with a team of seven individuals. They play a pivotal role in philanthropy by making charitable giving simpler for donors. The foundation manages and grants funds towards various charitable missions, both locally and internationally, encompassing scholarships, endowments, and donor-advised and designated funds. By distributing these funds, East Texas Communities Foundation contributes significantly to the betterment of communities and positively impacts lives.
Official website here: www.etcf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Stars
The East Texas Communities Foundation has achieved a perfect score of 100%, earning a Four-Star rating from Charity Navigator. This rating reflects the charity's outstanding performance in accountability and finance, showcasing its commitment to transparency and effective financial management. The foundation boasts a highly independent board, with 96% of its members being independent, ensuring unbiased governance.
Strengths of the organization include its exceptional financial health, with a low liabilities-to-assets ratio of 11.50% and a program expense ratio of 96.49%, indicating that the majority of its funds are directed toward programs rather than administrative costs. Additionally, the foundation's fundraising efficiency is impressive, with only $0.022 spent to raise each dollar, which highlights its effectiveness in resource mobilization.
The foundation demonstrates a strong commitment to compliance and ethical standards, having established key policies such as conflict of interest and whistleblower policies. Furthermore, all relevant financial documents are readily accessible on their website, promoting transparency. Overall, the East Texas Communities Foundation is recognized for its robust governance structure and financial prudence, which contribute positively to its reputation and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is East Texas Communities Foundation legitimate?
East Texas Communities Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. East Texas Communities 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:
Executive Compensation: $207,274
Professional Fundraising Fees: $0
Other Salaries and Wages: $391,710
For more financial information, click here
Official website here: www.etcf.org
What is the mission statement of East Texas Communities Foundation?
The East Texas Communities Foundation plays a pivotal role in promoting philanthropy and making a difference in various charitable causes. Through simple and effective methods, it empowers donors to reach their charitable goals. The foundation manages and distributes charitable funds, including endowments, scholarships, designated, and donor-advised funds. By granting funds to local, national, and international non-profit organizations, it helps further their missions and positively impacts communities.
Official website here: www.etcf.org
Who is the CEO of East Texas Communities Foundation?
Kyle L Penney is the President of East Texas Communities Foundation.
Official website here: www.etcf.org
What is the revenue of East Texas Communities Foundation?
East Texas Communities Foundation's revenue in 2022 was $14,270,368.
Official website here: www.etcf.org
Who are the executives of East Texas Communities Foundation and what are their salaries?
The average compensation at East Texas Communities Foundation during 2022 was $85,569. There are 7 employees at East Texas Communities Foundation.
Here are 33 key members and their salaries:
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Official website here: www.etcf.org
Where can I find the form 990 for East Texas Communities Foundation?
East Texas Communities Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.etcf.org
Learn more at the official website: www.etcf.org
Mission Statement of East Texas Communities Foundation
East Texas Communities Foundation, a philanthropic organization, is dedicated to strengthening communities and making a difference in people's lives. By offering straightforward methods for donors, the foundation helps individuals accomplish their charitable objectives. East Texas Communities Foundation plays a vital role in managing and distributing charitable funds, including scholarships, endowments, designated, and donor-advised grants.
In essence, the foundation serves as a bridge between donors and various non-profit organizations, enabling them to further their missions. Through its grant distribution efforts, East Texas Communities Foundation brings about meaningful change both locally and beyond its borders. The organization's commitment to philanthropy extends beyond monetary support, contributing to the well-being and betterment of countless lives.
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Impact
October, 2024
East Texas Communities Foundation plays a vital role in enhancing community well-being and transforming lives through effective philanthropy. By managing and distributing a variety of charitable funds, including scholarships, endowments, and donor-advised funds, the organization provides essential financial support to local, national, and international nonprofit organizations. Their commitment to facilitating philanthropy enables donors to fulfill their charitable aspirations while making a significant impact on the communities they serve. Through strategic grants, East Texas Communities Foundation fosters the growth of initiatives that align with diverse charitable missions, ultimately building a stronger, more connected community in East Texas and beyond.
This information is meant to be a general summary of East Texas Communities 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: $3,068,072
- Gross Receipts: $49,337,852
Assets and Liabilities:
- Total Assets: $115,734,641
- Total Liabilities: $13,315,230
- Net Assets: $102,419,411
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Organization Details
Founding Year
1989
Phone
(903) 533-0208Principal Officer
Kyle L Penney
Main Address
315 N BROADWAY AVE 210, TYLER, TX, 75702
Website
www.etcf.orgNTEE Category
Code: T31 - Philanthropy
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