Overview
What is Kalamazoo Foundation For Excellence?
The Kalamazoo Foundation for Excellence, based in Kalamazoo, Michigan, is a nonprofit organization committed to supporting the city's objectives. By funding aspirational investments, they aim to enhance the living standards of Kalamazoo residents. Their initiatives include spurring the growth of successful youth programs, renovating parks, promoting neighborhood enhancement projects, creating affordable housing, building infrastructure, and fostering small business activity. The foundation's mission is to empower Kalamazoo residents, enabling them to craft the lives they desire for themselves and their families.
Official website here: www.kalamazooffe.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star Rating)
The Kalamazoo Foundation For Excellence has achieved a remarkable 97% rating, earning it a Four-Star designation from Charity Navigator. This rating reflects the organization's strong commitment to accountability and financial transparency, with an impressive score of 100% for its independent board members and a perfect score in multiple financial oversight categories.
The foundation's fiscal health is robust, indicated by a program expense ratio of 91.90%, suggesting that the majority of its funds are allocated directly to programs rather than administrative costs. Additionally, its fundraising efficiency is exceptional, with only $0.002 spent to raise a dollar, showcasing effective financial management practices.
However, while the organization excels in accountability and finance, the rating is based solely on these aspects. Potential supporters may want to explore further details about the foundation's programs and impact to gain a comprehensive understanding of its effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Kalamazoo Foundation For Excellence legitimate?
Kalamazoo Foundation For Excellence is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kalamazoo Foundation For Excellence 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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For more financial information, click here
Official website here: www.kalamazooffe.org
What is the mission statement of Kalamazoo Foundation For Excellence?
The Kalamazoo Foundation for Excellence's mission is to align with the objectives of its city, making strategic financial investments, and empowering its residents. The foundation's mission, in essence, is to support aspirational investments within the city, thereby enabling Kalamazoo residents to fulfill the lives they desire for themselves and their families. The foundation has played a significant role in expanding successful youth programs, supporting youth development, renovating parks, enhancing neighborhoods, creating affordable housing, building infrastructure, and fostering small business activity.
Official website here: www.kalamazooffe.org
Who is the CEO of Kalamazoo Foundation For Excellence?
Steve Vicenzi is the Director of Kalamazoo Foundation For Excellence.
Official website here: www.kalamazooffe.org
What is the revenue of Kalamazoo Foundation For Excellence?
Kalamazoo Foundation For Excellence's revenue in 2022 was -$45,996.
Official website here: www.kalamazooffe.org
Who are the executives of Kalamazoo Foundation For Excellence and what are their salaries?
There 17 volunteers at Kalamazoo Foundation For Excellence.
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Official website here: www.kalamazooffe.org
Where can I find the form 990 for Kalamazoo Foundation For Excellence?
Kalamazoo Foundation For Excellence's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kalamazooffe.org
Learn more at the official website: www.kalamazooffe.org
Mission Statement of Kalamazoo Foundation For Excellence
The Kalamazoo Foundation for Excellence is committed to supporting the objectives of the city of Kalamazoo. Its mission is to inspire ambitious investments within the city, foster the growth of Kalamazoo residents, and empower them to build the lives they desire for themselves and their families. By funding various initiatives, the foundation has played a significant role in expanding successful youth programs, renovating parks, enhancing neighborhoods, creating affordable housing, building infrastructure, and stimulating small business activity. This multi-faceted approach aims to enhance the overall well-being and development of the city and its residents, ultimately enabling them to achieve their personal and collective goals.
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Impact
October, 2024
Kalamazoo Foundation For Excellence has significantly impacted the community by supporting various initiatives that align with the goals of the City of Kalamazoo. The foundation has fueled the expansion of successful youth programs, fostering youth development and providing vital resources for young people. It has also facilitated the renovation of parks and the execution of neighborhood enhancement projects, improving community spaces for residents to enjoy.
In addition to enhancing public spaces, the foundation has been instrumental in creating affordable housing, addressing critical needs within the community. The investment in building infrastructure has improved accessibility and connectivity, while support for small business activity has stimulated local economic growth. Overall, the foundation empowers residents to pursue their aspirations, contributing to the overall well-being and vibrancy of Kalamazoo.
This information is meant to be a general summary of Kalamazoo Foundation For Excellence. 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: -$534,228
- Gross Receipts: $42,670,854
Assets and Liabilities:
- Total Assets: $449,296,586
- Total Liabilities: $33,160
- Net Assets: $449,263,426
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Organization Details
Founding Year
2017
Phone
(269) 337-8047Principal Officer
Steve Vicenzi
Main Address
241 W SOUTH STREET, KALAMAZOO, MI, 49007
Website
www.kalamazooffe.orgNTEE Category
Code: W11 - Public benefit
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