Overview
What is Plymouth Community Charitable Foundation Inc?
Plymouth Community Charitable Foundation Inc, based in Plymouth, Massachusetts, is a nonprofit organization committed to supporting the local community. They primarily offer affordable rental spaces for offices, meeting rooms, and classrooms to various local nonprofit organizations. The foundation's purpose is to contribute to the well-being of the Town of Plymouth by providing these resources. The organization's mission is furthered through the rental of its property, with the proceeds being distributed to eligible Section 501(c)(3) organizations within the town. In April 2021, the property used for this purpose was sold, and the proceeds continue to be distributed in accordance with the organization's mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
Plymouth Community Charitable Foundation Inc has earned a solid Three-Star rating on Charity Navigator, reflecting an overall score of 80%. This rating indicates a strong commitment to accountability and finance, as it is derived from a single beacon score focused entirely on these aspects. The organization showcases excellent governance practices, with a fully independent board and a robust conflict of interest policy in place.
Strengths include the foundation’s impressive financial health, highlighted by a zero liability to assets ratio and a full allocation of expenses to programs. The board is composed entirely of independent members, which boosts the organization's credibility and assurance against conflicts of interest. Additionally, the foundation documents its board meeting minutes, contributing to transparency and accountability.
While the organization has demonstrated significant strengths in governance and finance, the rating is solely based on these metrics without additional insights into programmatic effectiveness or community impact. This limitation suggests that while the financial practices are commendable, potential donors might want to investigate further into the foundation's direct outcomes and contributions to the community.
This AI summary has been generated from information found on Charity Navigator.
Is Plymouth Community Charitable Foundation Inc legitimate?
Plymouth Community Charitable Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Plymouth Community Charitable Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Plymouth Community Charitable Foundation Inc?
The Plymouth Community Charitable Foundation Inc, in its mission, focuses on offering affordable rental spaces for office, meeting rooms, and classrooms to local nonprofit organizations. This service is aimed at supporting the work of charitable organizations within the community, ultimately contributing to their overall objectives. The foundation derives its funds for these activities from the rental income, which are then distributed to eligible charitable organizations. After selling its rental property in April 2021, the foundation continues to fulfill its mission by distributing the sale proceeds in accordance with its charitable purpose.
Who is the CEO of Plymouth Community Charitable Foundation Inc?
Thomas Small is the President of Plymouth Community Charitable Foundation Inc.
What is the revenue of Plymouth Community Charitable Foundation Inc?
Plymouth Community Charitable Foundation Inc's revenue in 2021 was $463,317.
Who are the executives of Plymouth Community Charitable Foundation Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Plymouth Community Charitable Foundation Inc?
Plymouth Community Charitable Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Plymouth Community Charitable Foundation Inc
Plymouth Community Charitable Foundation Inc, a charitable organization, is dedicated to supporting the nonprofit community by offering reasonably priced office spaces, meeting rooms, and classrooms. Their primary objective is to serve organizations that share their exempt status under Section 501(c)(3) of the Internal Revenue Code, regardless of their specific location. The foundation's mission is furthered through the rental of these facilities, with the proceeds subsequently distributed to organizations that cater to the needs of the community in Plymouth, MA. By providing these resources, Plymouth Community Charitable Foundation Inc contributes to the overall growth and success of local nonprofit organizations, thereby fostering a vibrant and impactful nonprofit sector.
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Impact
July, 2024
The Plymouth Community Charitable Foundation Inc has a significant impact on the nonprofit community in Plymouth, MA by providing affordable rental options for office space, meeting rooms, and classrooms to local nonprofits. This support allows these organizations to carry out their missions more effectively and efficiently. Additionally, the foundation further contributes to the community by distributing proceeds from rental activities to other exempt organizations located in or serving the Town of Plymouth. Through their work, Plymouth Community Charitable Foundation plays a vital role in supporting the philanthropic efforts and endeavors of nonprofits in the area.
This information is meant to be a general summary of Plymouth Community Charitable Foundation 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 2021.
- Investment Income: $481,855
- Gross Receipts: $1,302,592
Assets and Liabilities:
- Total Assets: $1,291,024
- Total Liabilities: $0
- Net Assets: $1,291,024
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Organization Details
Founding Year
2016
Phone
(508) 746-2800Principal Officer
Thomas Small
Main Address
PO Box 4084, Plymouth, MA, 02361
NTEE Category
Code: T31 - Philanthropy
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