Overview
What is The Constellation Fund?
The Constellation Fund is a nonprofit organization situated in Minneapolis, Minnesota, committed to combating poverty within the Twin Cities' seven-county metropolitan area. By combining advanced analytics and local insights, they aim to strategically allocate philanthropic resources to the most impactful organizations and initiatives. Their approach involves evaluating potential grantee partners using both quantitative metrics and qualitative analysis. In the fiscal year 2023, they invested over $3.2 million into 31 nonprofits, primarily in the sectors of education, employment, health, and housing. Constellation's evidence-based strategy projects that these investments will deliver an average of $4.70 in lifetime health and income improvements for every dollar invested. In addition to financial support, Constellation offers a capacity-building program called Beyond Dollars, which connects nonprofit partners with volunteer teams from various corporations to enhance their capabilities and effectiveness in tackling poverty.
Official website here: www.constellationfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 97%
The Constellation Fund has received an impressive Four-Star out of Four Star rating from Charity Navigator, indicating a high level of trustworthiness and operational excellence, particularly in accountability and finance. This score reflects a strong commitment to transparency and responsible financial management, with a perfect score in various governance areas such as independent board membership and audit oversight.
The organization demonstrates outstanding financial health with an 85.34% program expense ratio, meaning a substantial portion of its funding directly supports its mission. Moreover, the fundraising efficiency is notably high, with only $0.07 spent to raise each dollar, showcasing effective resource management. The long working capital ratio of 1.71 years further indicates financial stability, allowing the organization to sustain its efforts over time.
Overall, The Constellation Fund's strong governance policies, lack of financial liabilities, and comprehensive operational frameworks make it a reliable nonprofit. However, while its financial metrics are excellent, ongoing user feedback and program impact assessments could enhance further understanding of its broader effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is The Constellation Fund legitimate?
The Constellation Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Constellation Fund 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: $639,422
Professional Fundraising Fees: $0
Other Salaries and Wages: $689,841
For more financial information, click here
Official website here: www.constellationfund.org
What is the mission statement of The Constellation Fund?
The Constellation Fund's mission is to combat poverty within their operational area by enhancing the living standards of individuals living below the poverty line. They achieve this by leveraging modern analytics and on-the-ground insights to strategically distribute philanthropic funds to the most impactful nonprofits. These nonprofits focus on four key areas: education, employment, health, and housing. The Constellation Fund's data-driven approach projects that each dollar invested in these nonprofits will yield an average of $4.70 in lifetime health and income improvements for those affected by poverty. Furthermore, they run a capacity building program called Beyond Dollars, which provides pro bono services to their partner nonprofits, enhancing their capabilities.
Official website here: www.constellationfund.org
Who is the CEO of The Constellation Fund?
Andrew Dayton is the Ceo/Treasurer/Secretary of The Constellation Fund. The CEO's salary of The Constellation Fund is $0 and their total compensation is $0.
Official website here: www.constellationfund.org
What is the revenue of The Constellation Fund?
The Constellation Fund's revenue in 2023 was $6,538,143.
Official website here: www.constellationfund.org
Who are the executives of The Constellation Fund and what are their salaries?
The average compensation at The Constellation Fund during 2023 was $110,772. There are 12 employees and 53 volunteers at The Constellation Fund.
Here are 17 key members and their salaries (The Constellation Fund's CEO's salary is $0 and their total compensation is $0):
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- Compensation: $160,086
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- Compensation: $142,483
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- Compensation: $125,000
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- Other: $4,286
- Compensation: $115,610
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- Other: $4,615
Official website here: www.constellationfund.org
Where can I find the form 990 for The Constellation Fund?
The Constellation Fund's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.constellationfund.org
Learn more at the official website: www.constellationfund.org
Mission Statement of The Constellation Fund
The Constellation Fund is an organization committed to combating poverty in urban areas, specifically focusing on improving the living standards of individuals residing below the poverty line within its seven-county metropolitan region. Its primary mission is to utilize sophisticated analytics and on-the-ground insights to strategically distribute philanthropic resources to the most effective nonprofits and initiatives that are making significant strides in the fight against poverty.
The Constellation Fund employs a unique approach that integrates quantitative metrics with qualitative analysis to identify its grantee partners. By using evidence-based metrics, the organization can predict the long-term impact of poverty-reduction services, aiming to create a substantial improvement in the health and income of individuals and families. In fiscal year 2023, this strategy resulted in investing over $3.2 million into 31 nonprofits operating in four key impact areas: education, employment, health, and housing. These nonprofits are projected to deliver an average of $4.70 in lifetime health and income improvements for every dollar invested, far surpassing the average impact of other organizations evaluated in 2021.
In addition to its grant-making efforts, The Constellation Fund also offers a capacity-building program called Beyond Dollars. This program curates teams of volunteer employees from various corporations to provide top-notch pro bono services to their impactful nonprofit partners. By doing so, The Constellation Fund empowers these nonprofits to enhance their operations and deliver even more impactful services to the communities they serve.
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Impact
July, 2024
The Constellation Fund's impact in the Twin Cities is significant in the fight against poverty. Its evidence-driven approach in allocating philanthropic resources to effective nonprofits has resulted in tangible improvements in the lives of individuals and families living below the poverty line. By investing over $3.2 million into 31 poverty-fighting nonprofits, The Constellation Fund projects to generate an average of $4.70 of lifetime health and income improvements for each dollar invested. This impact is more than three times greater than the average impact of other evaluated organizations. Through initiatives like the Beyond Dollars capacity building program, where corporate volunteers provide valuable support to nonprofit partners, The Constellation Fund is further expanding its reach and effectiveness in combatting poverty in the community.
This information is meant to be a general summary of The Constellation Fund. 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 2023.
- Investment Income: -$6,901
- Gross Receipts: $7,826,711
Assets and Liabilities:
- Total Assets: $9,015,015
- Total Liabilities: $400,617
- Net Assets: $8,614,398
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Organization Details
Founding Year
2018
Phone
(612) 263-1737Principal Officer
Andrew Dayton
Main Address
323 N Washington Ave Ste 200, Minneapolis, MN, 55401
Website
www.constellationfund.orgNTEE Category
Code: T12 - Philanthropy
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