Overview
What is Csb Foundation?
The Csb Foundation, situated in Norwalk, Iowa, is a dedicated nonprofit organization that promotes philanthropy through various means. Primarily, they support numerous nonprofit organizations, grant funds to qualified nonprofits, manage and invest funds for the benefit of nonprofits, including donor-advised funds. Furthermore, they engage in public education about charitable giving and estate planning, spreading awareness and encouraging charitable activities. In essence, the Csb Foundation serves as a catalyst for charitable initiatives and fosters a culture of giving within their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Overall score: 71%)
The Csb Foundation has received a Two-Star rating from Charity Navigator, indicating that while there are some strengths, there are areas where improvement is needed. The overall score of 71% reflects solid financial health and accountability, particularly highlighted by a very strong program expense ratio of 94.61%, which suggests that a significant portion of its funds are directly supporting its charitable programs.
Strengths of the foundation include a fully independent board with 12 members and a robust conflict of interest policy. The organization demonstrates transparency by documenting board meeting minutes and has a strong record regarding asset management, with no material diversion of assets noted. These factors contribute positively to its accountability and governance ratings.
However, despite these strengths, the overall rating indicates that there are still areas for growth. The rating suggests the foundation may need to enhance its operational practices or improve its financial management to achieve a higher score. Continued focus on addressing any identified weaknesses will be essential for the Csb Foundation to enhance its overall impact and reputation within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Csb Foundation legitimate?
Csb Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Csb 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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What is the mission statement of Csb Foundation?
The Csb Foundation's mission is centered around promoting philanthropy. It accomplishes this in several ways. Firstly, the foundation supports various nonprofit organizations. Secondly, it makes grants to qualified nonprofits. Thirdly, it holds and invests funds for the benefit of nonprofit organizations, including donor-advised funds. Lastly, the foundation provides general education to the public about charitable giving and estate planning. In essence, the Csb Foundation plays a significant role in fostering philanthropy by aiding nonprofits and educating the public on charitable activities.
Who is the CEO of Csb Foundation?
Nathaniel Tagtow is the President of Csb Foundation.
What is the revenue of Csb Foundation?
Csb Foundation's revenue in 2022 was $1,392,967.
Who are the executives of Csb Foundation and what are their salaries?
Here are 12 key members and their salaries:
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Where can I find the form 990 for Csb Foundation?
Csb Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Csb Foundation
The Csb Foundation is committed to fostering philanthropy in a multifaceted manner. They achieve this goal by engaging in several key activities. Firstly, the foundation supports various nonprofit organizations, providing them with the necessary resources to carry out their missions. Secondly, the Csb Foundation makes grants to qualified nonprofit organizations, enabling them to execute their programs more effectively. Thirdly, the foundation holds and invests funds on behalf of nonprofit organizations, including donor-advised funds, ensuring they have sustainable financial resources. Lastly, the Csb Foundation offers general education to the public about charitable giving and estate planning, raising awareness and empowering individuals to contribute to their preferred causes. In essence, the Csb Foundation serves as a catalyst for philanthropy, supporting nonprofits and educating the public on charitable giving and estate planning.
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Impact
July, 2024
Csb Foundation plays a significant role in promoting philanthropy by supporting Csb Foundation organizations, making grants to qualified Csb Foundations, and holding and investing funds for their benefit. Additionally, they provide general education to the public about charitable giving and estate planning. Through these efforts, Csb Foundation positively impacts the philanthropic landscape, helping individuals and organizations make a difference in their communities.
This information is meant to be a general summary of Csb 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: $602,655
- Gross Receipts: $2,091,517
Assets and Liabilities:
- Total Assets: $2,750,826
- Total Liabilities: $0
- Net Assets: $2,750,826
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Organization Details
Founding Year
2017
Phone
(515) 981-1240Principal Officer
Nathaniel Tagtow
Main Address
1225 COLONIAL PARKWAY, NORWALK, IA, 50211
NTEE Category
Code: T19 - Philanthropy
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