Overview
What is Aspen Community Foundation?
The Aspen Community Foundation, located in Basalt, Colorado, is a philanthropic organization with a team of thirteen employees. In 2022, they provided grantmaking in three areas: un restricted grants for essential services by local nonprofits through an annual fundraising drive, donor advised fund grants based on the philanthropic goals of the foundation's donors, and designated and scholarship funds for specific purposes. The foundation plays a crucial role in building philanthropy and supporting nonprofit organizations by connecting donors to community needs and bringing people together to address community issues. They establish and manage permanent charitable funds to address the unique challenges facing their service area.
Official website here: www.aspencommunityfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 99% (Four-Star out of Four Star rating)
The Aspen Community Foundation has achieved an impressive 99% rating from Charity Navigator, highlighting its strong commitment to accountability and financial health. With a perfect score of 100 in Accountability & Finance, the nonprofit demonstrates effective oversight and management, featuring a fully independent board and transparent financial practices. The organization excels in areas such as financial audits, conflict of interest policies, and maintains an excellent program expense ratio of 96.88%.
In addition to robust financial health, the foundation shows a deep commitment to community engagement and equity strategies, with a score of 95 in Culture & Community and 93 in Equity Strategies. The organization actively seeks feedback from its stakeholders and successfully incorporates this input into its operations, reflecting a responsive and inclusive approach to its mission.
While the Aspen Community Foundation demonstrates exceptional performance in various metrics, there are no significant limitations noted in the data available. Overall, its strong governance and effectiveness in program delivery make it a well-regarded nonprofit in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Aspen Community Foundation legitimate?
Aspen Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Aspen 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,211,125
For more financial information, click here
Official website here: www.aspencommunityfoundation.org
What is the mission statement of Aspen Community Foundation?
The Aspen Community Foundation plays a pivotal role in fostering philanthropy and aiding non-profit organizations. By connecting donors with community needs, establishing permanent charitable funds, and facilitating community problem-solving, the foundation creates meaningful impact. In 2022, the foundation granted funds in three distinct areas: unrestricted grants for essential services provided by non-profits, donor-advised funds supporting donors' philanthropic objectives, and designated and scholarship funds intended for specific purposes as outlined by their respective funds.
Official website here: www.aspencommunityfoundation.org
Who is the CEO of Aspen Community Foundation?
Erica Snow is the Board Member of Aspen Community Foundation.
Official website here: www.aspencommunityfoundation.org
What is the revenue of Aspen Community Foundation?
Aspen Community Foundation's revenue in 2022 was $13,929,881.
Official website here: www.aspencommunityfoundation.org
Who are the executives of Aspen Community Foundation and what are their salaries?
The average compensation at Aspen Community Foundation during 2022 was $93,163. There are 13 employees at Aspen Community Foundation.
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Official website here: www.aspencommunityfoundation.org
Where can I find the form 990 for Aspen Community Foundation?
Aspen Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aspencommunityfoundation.org
Learn more at the official website: www.aspencommunityfoundation.org
Mission Statement of Aspen Community Foundation
The Aspen Community Foundation plays a significant role in building philanthropy and supporting nonprofit organizations by bridging the gap between community needs and generous donors. By connecting donors to community issues, the foundation fosters the creation of permanent charitable funds and brings people together to tackle community problems.
In practice, the Aspen Community Foundation channels its mission through various grantmaking initiatives. One of these areas involves un restricted grants to essential services provided by nonprofits within the foundation's service area. These grants are funded through an annual fundraising drive. Another avenue of grantmaking is through donor-advised funds, which help donors achieve their philanthropic goals. Lastly, designated and scholarship funds provide grants for specific purposes as identified by the fund's design and administered by the foundation.
Through these grantmaking efforts, the Aspen Community Foundation strengthens the capacity of nonprofit organizations and facilitates meaningful change within the community. By acting as a vital connector between donors and community needs, the foundation empowers generous individuals to make a difference and brings people together to collectively address and solve community issues.
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Impact
October, 2024
Aspen Community Foundation significantly impacts the local community by bolstering philanthropy and providing essential support to organizations within its service area. By connecting donors with community needs, it builds permanent charitable funds that ensure long-term sustainability and growth.
In 2022, the foundation's grantmaking efforts spanned three crucial areas. First, it provided unrestricted grants for essential services, funded through an annual fundraising drive. This flexible support allows organizations to address immediate needs effectively. Second, the foundation facilitated donor-advised fund grantmaking, utilizing contributions from over 100 donors to align with their philanthropic goals while addressing pressing community issues. Lastly, designated and scholarship funds were administered to provide grants for specific purposes identified by their design, ensuring that donor intentions and community needs are met.
Through these initiatives, Aspen Community Foundation fosters collaboration and mobilizes resources to solve local problems, enhancing overall community well-being and resilience.
This information is meant to be a general summary of Aspen 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 2022.
- Investment Income: $105,627
- Program Service Revenue: $39,700
- Gross Receipts: $13,929,881
Assets and Liabilities:
- Total Assets: $51,641,752
- Total Liabilities: $3,709,635
- Net Assets: $47,932,117
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STUDENT SCHOLARSHIP FUND
Revenue
$39,700
Organization Details
Founding Year
1982
Phone
(970) 925-9300Principal Officer
Erica Snow
Main Address
455 GOLD RIVERS COURT 515, BASALT, CO, 81621
NTEE Category
Code: T310 - Philanthropy
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