Overview
What is Mammoth Lakes Foundation?
Mammoth Lakes Foundation is a nonprofit organization situated in Mammoth Lakes, California. Their primary mission is to foster higher education and cultural enrichment in the Eastern Sierra region. Over the years, they have awarded numerous scholarships, with over 678 students benefiting from this program since its inception. The foundation collaborates with community organizations and the local college to shape future land use and facilities, with a vision to develop a cultural center, expanded theater, and new arts programs. The foundation's work is instrumental in continuing the development of a permanent campus in the Mammoth Lakes area, offering facilities for academic studies, arts appreciation, and student housing. With a team of three dedicated individuals, the foundation is committed to enriching the local community through education and cultural activities.
Official website here: www.mammothlakesfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 61%, Two-Star out of Four Star rating.
The Mammoth Lakes Foundation has received a moderate rating, indicating that there are areas of strength as well as significant weaknesses. Notably, the organization excels in governance with 100% independent board members and comprehensive policies in place for audits, conflict of interest, and whistleblowing. These factors contribute positively to the foundation’s accountability and transparency.
However, the foundation's financial metrics raise concerns, particularly the low program expense ratio of 32.44%, which suggests that only a small portion of its budget is allocated to its programs. The liabilities to assets ratio of 4.91% also indicates potential financial risk that may impact its operations. While the foundation performs well in impact measurement, there remains significant room for improvement in financial performance and program efficiency.
Overall, while the Mammoth Lakes Foundation demonstrates strong governance and a commitment to impact measurement, stakeholders may want to consider the financial indicators and program funding when evaluating the organization’s effectiveness and overall health.
This AI summary has been generated from information found on Charity Navigator.
Is Mammoth Lakes Foundation legitimate?
Mammoth Lakes Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mammoth Lakes 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: $66,550
Professional Fundraising Fees: $0
Other Salaries and Wages: $69,487
For more financial information, click here
Official website here: www.mammothlakesfoundation.org
What is the mission statement of Mammoth Lakes Foundation?
The Mammoth Lakes Foundation's mission is centered around fostering the growth of higher education and cultural enrichment. It aims to establish a permanent campus with facilities for academic studies, arts appreciation, and student housing. The foundation has been instrumental in awarding scholarships to over 678 students since its inception, distributing scholarships in both fall and spring semesters. The organization collaborates with community organizations and colleges to plan for future land use and facilities. Currently, the community is advocating for the development of a cultural center, an expanded theater, and new arts programs. The foundation's efforts are crucial in continuing the process of planning and visioning, which often takes several years to bring the next project to fruition.
Official website here: www.mammothlakesfoundation.org
Who is the CEO of Mammoth Lakes Foundation?
Gary Mccoy is the President of Mammoth Lakes Foundation.
Official website here: www.mammothlakesfoundation.org
What is the revenue of Mammoth Lakes Foundation?
Mammoth Lakes Foundation's revenue in 2022 was $458,494.
Official website here: www.mammothlakesfoundation.org
Who are the executives of Mammoth Lakes Foundation and what are their salaries?
The average compensation at Mammoth Lakes Foundation during 2022 was $45,346. There are 3 employees and 150 volunteers at Mammoth Lakes Foundation.
Here are 10 key members and their salaries:
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Official website here: www.mammothlakesfoundation.org
Where can I find the form 990 for Mammoth Lakes Foundation?
Mammoth Lakes Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mammothlakesfoundation.org
Learn more at the official website: www.mammothlakesfoundation.org
Mission Statement of Mammoth Lakes Foundation
The Mammoth Lakes Foundation is dedicated to fostering the growth of higher education and cultural enrichment in its respective sphere. This commitment extends to the establishment of a permanent campus, which will provide facilities for academic studies, artistic appreciation, and student housing. The foundation's activities are geared towards promoting an environment that nurtures intellectual and artistic growth, ultimately benefiting the wider community.
In pursuit of this mission, the Mammoth Lakes Foundation has awarded several scholarships to students during both the fall and spring semesters. Since the inception of this program, over 678 students have received financial assistance, underscoring the foundation's significance in providing educational opportunities. The foundation continues to collaborate with community organizations and the local college, engaging in discussions regarding future land use and facility development.
As the foundation looks towards the future, it has identified the construction of a cultural center, an expanded theater, and the introduction of new arts programs as the next major project. This vision stems from the belief that the development of these facilities will further enrich the cultural landscape and contribute to the overall well-being of the community. The Mammoth Lakes Foundation is a driving force in the continuous process of planning and visioning, a crucial step in bringing these ambitious projects to fruition, which often takes several years.
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Impact
July, 2024
The Mammoth Lakes Foundation's impact includes supporting the development of higher education and cultural enrichment in the Eastern Sierra. This includes awarding scholarships to students, with 69 scholarships being awarded in the fall and spring semesters. Over 678 students have received scholarships since the program started. Additionally, the foundation collaborates with community organizations and the college to plan for future land use and facilities. The community's vision includes the development of a cultural center, expanded theater, and new arts programs. Such planning and visioning are crucial for the continued growth of higher education and cultural enrichment in the Mammoth Lakes area.
This information is meant to be a general summary of Mammoth Lakes 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: $1,852
- Program Service Revenue: $39,322
- Gross Receipts: $458,543
Assets and Liabilities:
- Total Assets: $7,639,483
- Total Liabilities: $58,736
- Net Assets: $7,580,747
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FILM FESTIVAL
MUSEUM INCOME
Revenue
$39,282
NEWSLETTER
Revenue
$40
STUDENT HOUSING
THEATER INCOME
Organization Details
Founding Year
1989
Phone
(760) 934-3781Principal Officer
Gary Mccoy
Main Address
PO BOX 1815, MAMMOTH LAKES, CA, 93546
NTEE Category
Code: B80 - Education
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