Overview
What is Kentwood Community Foundation?
Kentwood Community Foundation is a 501c3 charitable organization, located at 4900 BRETON AVE SE, Kentwood, MI 49508. Established with a grant of $871,000, its primary mission is to serve as a catalyst for improving the quality of life in Kentwood, Michigan, by providing financial support and administrative assistance to programs, projects, and activities that preserve and enhance the city's community and cultural events. The foundation's activities are focused on supporting initiatives that align with its charitable and educational objectives, as outlined in Section 501c3 of the Internal Revenue Code.
Official website here: www.kentwoodcommunityfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars
The Kentwood Community Foundation has received a low rating of 49%, reflecting significant concerns in its accountability and finance practices. The absence of independent board members raises questions about governance, which is a critical aspect for potential donors. However, the organization does demonstrate a strong performance in managing its assets, with no material diversion recorded.
Strengths include the proper listing of its website on tax forms and the maintenance of meeting minutes, indicating some level of operational transparency. Nonetheless, there are several critical weaknesses, including missing policies for conflict of interest, whistleblower protections, and document retention, all of which could jeopardize the foundation's integrity and trust with stakeholders.
Additionally, while the program expense ratio is fairly decent at 64.68%, the lack of necessary governance policies significantly undermines the foundation's credibility. Potential donors and stakeholders should consider these factors when evaluating the Kentwood Community Foundation's overall effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Kentwood Community Foundation legitimate?
Kentwood Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentwood Community 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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Official website here: www.kentwoodcommunityfoundation.org
What is the mission statement of Kentwood Community Foundation?
The Kentwood Community Foundation serves as a catalyst, providing financial grants and administrative support for programs, projects, and activities that aim to preserve and enhance the quality of life for the residents in a specific locale. The organization's mission is to contribute financially to initiatives that improve the community's overall well-being, without disclosing its specific location in the response. In addition, the foundation sometimes supports cultural and community events organized by the local city administration.
Official website here: www.kentwoodcommunityfoundation.org
Who is the CEO of Kentwood Community Foundation?
Stephen Kepley is the President Director of Kentwood Community Foundation.
Official website here: www.kentwoodcommunityfoundation.org
What is the revenue of Kentwood Community Foundation?
Kentwood Community Foundation's revenue in 2022 was $3,139.
Official website here: www.kentwoodcommunityfoundation.org
Who are the executives of Kentwood Community Foundation and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.kentwoodcommunityfoundation.org
Where can I find the form 990 for Kentwood Community Foundation?
Kentwood Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kentwoodcommunityfoundation.org
Learn more at the official website: www.kentwoodcommunityfoundation.org
Mission Statement of Kentwood Community Foundation
Kentwood Community Foundation, a charitable organization operating under section 501c3 of the Internal Revenue Code, has a mission to serve as a catalyst and provide financial grants and administrative support for programs, projects, and activities that preserve and enhance the quality of life for the residents of Kentwood, Michigan. The foundation's primary role is to contribute financially and administratively to initiatives that positively impact the community, aiming to improve the overall well-being of its residents. This nonprofit organization uses its resources to support cultural and community events organized by the city of Kentwood, thereby playing a vital role in enriching the local community.
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Impact
August, 2024
Kentwood Community Foundation's impact can be seen in its role as a catalyst for supporting programs, projects, and activities that enhance the quality of life for the residents of Kentwood, Michigan. By providing financial grants and administrative support, the foundation plays a key role in preserving and improving the community. Additionally, the foundation's efforts have resulted in the acquisition and transfer of a park to the city of Kentwood, which is now used for cultural and community events. Overall, Kentwood Community Foundation, through its philanthropic activities, has significantly contributed to the betterment of the city and the well-being of its residents.
This information is meant to be a general summary of Kentwood Community 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: $139
- Gross Receipts: $3,139
Assets and Liabilities:
- Total Assets: $88,053
- Total Liabilities: $0
- Net Assets: $88,053
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Organization Details
Founding Year
2016
Phone
(616) 540-3485Principal Officer
Stephen Kepley
Main Address
4900 BRETON AVE SE, KENTWOOD, MI, 49508
NTEE Category
Code: T31 - Philanthropy
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