Overview
What is Wyoming Community Foundation?
The Wyoming Community Foundation, based in Laramie, Wyoming, is a charitable organization dedicated to building a better Wyoming by connecting individuals, families, corporations, and agencies with causes that matter. Their primary focus lies in grantmaking, with two competitive cycles annually where nonprofits in Wyoming can apply for funding to support their projects or organizations. Grants are prioritized based on their potential to address community needs and enhance the grantee's capacity to fulfill their mission. All grantees must submit a final report at the end of the grant period. The Wyoming Community Foundation manages funds established by various donors and serves as a significant resource in Wyoming's philanthropic landscape.
Official website here: www.wycf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% - Four-Star out of Four Star Rating from Charity Navigator.
The Wyoming Community Foundation has achieved an impressive 99% rating, reflecting its strong accountability and financial health. Its perfect score in the Accountability & Finance category indicates robust governance practices, including a fully independent board and effective oversight of financial statements. Moreover, there are no reported issues related to asset diversion, showcasing the organization's integrity in managing resources.
Strengths of the foundation include a high program expense ratio of 84.18%, which illustrates a commitment to funding its programs effectively. Additionally, the organization excels in collecting and utilizing feedback from constituents, scoring 100% in this area, demonstrating its responsiveness to community needs. The foundation's financial stability is underscored by a working capital ratio that indicates it can meet its obligations for many years without financial strain.
While the organization performs well overall, there are areas for improvement noted in its equity policies and processes, scoring 4 out of 7 in that category. This suggests that further refinement in equity strategies and practices could enhance its effectiveness in addressing diverse community needs. Overall, the foundation is well-regarded for its strong fiscal management and community engagement efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Wyoming Community Foundation legitimate?
Wyoming Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wyoming Community 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $550,176
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,326,754
For more financial information, click here
Official website here: www.wycf.org
What is the mission statement of Wyoming Community Foundation?
The Wyoming Community Foundation functions as a charitable organization, focusing on connecting individuals with causes that make a difference towards building a better Wyoming. The foundation builds and preserves funds established by various entities, including individuals, families, corporations, and agencies. A significant portion of the organization's expenses goes towards its grantmaking program, which supports Wyoming-based nonprofits through two competitive grant cycles per year. Grants are awarded to projects or organizations that cater to community needs and help increase the grantee's capacity to fulfill their mission. Grantees are required to submit a final report at the conclusion of the grant period.
Official website here: www.wycf.org
Who is the CEO of Wyoming Community Foundation?
Samin Dadelahi is the CEO of Wyoming Community Foundation The CEO's salary of Wyoming Community Foundation is $241,088 and their total compensation is $241,088.
Official website here: www.wycf.org
What is the revenue of Wyoming Community Foundation?
Wyoming Community Foundation's revenue in 2023 was $22,988,814.
Official website here: www.wycf.org
Who are the executives of Wyoming Community Foundation and what are their salaries?
The average compensation at Wyoming Community Foundation during 2023 was $89,378. There are 21 employees and 200 volunteers at Wyoming Community Foundation.
Here are 23 key members and their salaries (Wyoming Community Foundation's CEO's salary is $241,088 and their total compensation is $241,088):
- Compensation: $241,088
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Official website here: www.wycf.org
Where can I find the form 990 for Wyoming Community Foundation?
Wyoming Community Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wycf.org
Learn more at the official website: www.wycf.org
Mission Statement of Wyoming Community Foundation
The Wyoming Community Foundation is a charitable organization dedicated to connecting individuals, families, corporations, and agencies with causes that resonate with them, with the ultimate goal of building a better Wyoming. The Foundation serves as a hub for building and preserving funds established by various entities, acting as a bridge between those who wish to make a difference and the communities in need.
The Wyoming Community Foundation's primary program expense is its grantmaking initiative. Twice a year, nonprofits in Wyoming have the opportunity to apply for funding to support their projects or organizations. Grants are prioritized based on their alignment with community needs and their potential to enhance the grantee's capacity to carry out its mission. All grantees are required to submit a final report at the end of the 12-month grant period. By investing in local programs, the Wyoming Community Foundation plays a vital role in creating lasting change and improving the lives of Wyomingites.
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Impact
October, 2024
Wyoming Community Foundation significantly impacts the state by connecting individuals, families, corporations, and agencies with causes that enhance the quality of life in Wyoming. Through its robust grantmaking program, the foundation provides essential funding to organizations and projects that address community needs, enabling them to expand their capacity and achieve their missions effectively.
With two competitive grant cycles annually, the foundation prioritizes funding initiatives that serve the community while fostering sustainability among local organizations. This not only supports various programs but also encourages collaboration and innovation within the state's philanthropic landscape. By requiring grantees to submit final reports, the foundation ensures accountability and tracks the effectiveness of its investments, thereby reinforcing the positive change it seeks to create.
Overall, the Wyoming Community Foundation plays a crucial role in fostering philanthropy, empowering communities, and ultimately working towards a better Wyoming for all its residents.
This information is meant to be a general summary of Wyoming Community 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 2023.
- Investment Income: $7,171,692
- Gross Receipts: $22,988,814
Assets and Liabilities:
- Total Assets: $186,024,480
- Total Liabilities: $35,481,702
- Net Assets: $150,542,778
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Organization Details
Founding Year
1989
Principal Officer
Samin Dadelahi
Website
www.wycf.orgNTEE Category
Code: T31 - Philanthropy
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