Overview
What is Fc Cincinnati Foundation?
Fc Cincinnati Foundation, based in Cincinnati, Ohio, is a nonprofit organization with a mission to enhance the lives of children. Established in 2009, following the initiative of the Marvin Lewis Community Fund, the foundation's flagship program, "Learning is Cool," rewards students for academic achievements. This program, which reached around 26,328 students across 68 schools in 2022, has positively impacted students' self-esteem and motivation. The foundation is honored to continue the legacy created by Marvin Lewis, as they believe in recognizing and celebrating young learners' achievements. The FC Cincinnati Foundation's mission is centered around soccer, aiming to utilize the sport as a tool for positive change in children's lives.
Official website here: www.fccincinnati.com/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating
The Fc Cincinnati Foundation has received a Three-Star rating from Charity Navigator, reflecting a score of 77%. This score is derived entirely from a single beacon focused on Accountability and Finance, which indicates a strong emphasis on financial management and transparency within the organization.
One of the key strengths of the foundation is its governance structure, boasting 100% independent board members and a robust board size of 20 members. The organization has also demonstrated excellent financial health, with a program expense ratio of 92.06%, meaning that nearly all of its expenses are directed towards its programs. Additionally, the foundation has implemented policies for conflicts of interest and whistleblower protections, contributing to its strong accountability framework.
While the rating is commendable, it should be noted that the score is based solely on financial metrics, without consideration of programmatic impact or outcomes. This focus on financial accountability may not fully encapsulate the foundation's overall effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Fc Cincinnati Foundation legitimate?
Fc Cincinnati Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fc Cincinnati 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.
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Other Salaries and Wages: $253,399
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Official website here: www.fccincinnati.com/foundation
What is the mission statement of Fc Cincinnati Foundation?
The Fc Cincinnati Foundation's mission is centered around improving the lives of children through soccer. They carry out this mission by recognizing and celebrating academic achievements of students, encouraging self-esteem and motivation. The program, which started in 2008 by the Marvin Lewis Community Fund, rewards students for making the honor roll. Over the years, these rewards have had a significant impact on the students. Recognition from important figures like FC Cincinnati players has been particularly appreciated by the students. The event that marks the transition from the Marvin Lewis Community Fund to the Fc Cincinnati Foundation is the Academic Achievement Celebration held at the Cincinnati Zoo. In 2022, the program reached approximately 26,328 students across 68 schools.
Official website here: www.fccincinnati.com/foundation
Who is the CEO of Fc Cincinnati Foundation?
Dennis Carroll is the Director/President of Fc Cincinnati Foundation.
Official website here: www.fccincinnati.com/foundation
What is the revenue of Fc Cincinnati Foundation?
Fc Cincinnati Foundation's revenue in 2022 was $1,773,317.
Official website here: www.fccincinnati.com/foundation
Who are the executives of Fc Cincinnati Foundation and what are their salaries?
There 522 volunteers at Fc Cincinnati Foundation.
Here are 20 key members and their salaries:
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Official website here: www.fccincinnati.com/foundation
Where can I find the form 990 for Fc Cincinnati Foundation?
Fc Cincinnati Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fccincinnati.com/foundation
Learn more at the official website: www.fccincinnati.com/foundation
Mission Statement of Fc Cincinnati Foundation
The Fc Cincinnati Foundation, a nonprofit organization, is committed to enhancing the lives of children through soccer. Established with a focus on education, the foundation's mission is to reward students for their academic achievements, particularly those who make the honor roll. The organization, inspired by the Marvin Lewis Community Fund, believes in the power of recognition to boost self-esteem and motivation among students. After conducting focus groups with the students, the foundation learned that they feel valued when recognized by important figures like FC Cincinnati players.
The Fc Cincinnati Foundation hosts an annual Academic Achievement Celebration for students who consistently make the honor roll. This event, which marked a transition from the Marvin Lewis Community Fund to the Fc Cincinnati Foundation in 2019, has a significant impact on the students' lives. In 2022, the program reached over 26,000 students across 68 schools, demonstrating the organization's dedication to promoting academic excellence through soccer. The foundation continues the legacy started by Marvin Lewis, fostering a sense of pride and accomplishment among students who excel in their studies.
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Impact
July, 2024
Fc Cincinnati Foundation positively impacts the lives of children through its Learning is Cool program. This initiative, which began in 2008, encourages students to excel academically by offering rewards for making the honor roll. By recognizing and celebrating students' achievements, the program boosts their self-esteem and motivation. In 2022, the program reached over 26,000 students in 68 schools, demonstrating the foundation's commitment to improving educational outcomes and fostering a love for learning among youth in Cincinnati.
This information is meant to be a general summary of Fc Cincinnati 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: $42,198
- Gross Receipts: $1,863,060
Assets and Liabilities:
- Total Assets: $956,928
- Total Liabilities: $412,932
- Net Assets: $543,996
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Organization Details
Founding Year
2017
Phone
(513) 977-5435Principal Officer
Dennis Carroll
Main Address
14 EAST FOURTH STREET SUITE 400, CINCINNATI, OH, 45202
NTEE Category
Code: N12 - Recreation
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