Overview
What is Southern Colorado Community Foundat?
The Southern Colorado Community Foundation, situated in Pueblo, Colorado, is a nonprofit organization with a mission to improve the community's quality of life and foster philanthropy. They achieve this by leveraging leadership, resources, and traditions. The foundation distributes earnings from endowments, programs established by donors, and other donor-advised funds for non-profit agencies, based on donor-set criteria. With a small team of two dedicated individuals, they play a significant role in the community by promoting philanthropy and supporting local causes.
Official website here: www.southerncoloradocommunityfoundatio
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
The Southern Colorado Community Foundation has received a commendable Three-Star rating from Charity Navigator, indicating a strong emphasis on accountability and finance. This rating reflects the organization's commitment to maintaining a transparent and responsible operational structure, particularly noted for having a fully independent board and no material diversion of assets.
The foundation excels in several key areas, such as its program expense ratio, which stands at 80.59%, demonstrating a significant portion of its budget is directed toward its programs. Additionally, the foundation has a robust working capital ratio of 18.58 years, suggesting financial stability and the ability to sustain its operations over the long term. The presence of comprehensive policies regarding conflicts of interest and whistleblower protections further underscores its commitment to ethical governance.
However, the organization did face challenges regarding fundraising efficiency, scoring zero points in this area. This indicates a potential area for improvement, as effective fundraising practices are essential for sustaining and expanding its programs. Despite this limitation, the overall financial health and accountability of the Southern Colorado Community Foundation position it as a reliable nonprofit in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Southern Colorado Community Foundat legitimate?
Southern Colorado Community Foundat is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Colorado Community Foundat 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: $137,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,512
For more financial information, click here
Official website here: www.southerncoloradocommunityfoundatio
What is the mission statement of Southern Colorado Community Foundat?
The Southern Colorado Community Foundation works towards enhancing the quality of life and promoting philanthropy through leadership, resources, and traditions. It accomplishes this by distributing earnings from endowments, programs established by donors, and other donor-advised funds set up for non-profit agencies based on donor-established criteria. The foundation serves as a catalyst for positive change in the community, leveraging resources to address local needs and fostering a culture of giving.
Official website here: www.southerncoloradocommunityfoundatio
Who is the CEO of Southern Colorado Community Foundat?
Jeffrey Shaw is the President of Southern Colorado Community Foundat.
Official website here: www.southerncoloradocommunityfoundatio
What is the revenue of Southern Colorado Community Foundat?
Southern Colorado Community Foundat's revenue in 2022 was $1,820,056.
Official website here: www.southerncoloradocommunityfoundatio
Who are the executives of Southern Colorado Community Foundat and what are their salaries?
The average compensation at Southern Colorado Community Foundat during 2022 was $79,506. There are 2 employees and 25 volunteers at Southern Colorado Community Foundat.
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Official website here: www.southerncoloradocommunityfoundatio
Where can I find the form 990 for Southern Colorado Community Foundat?
Southern Colorado Community Foundat's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.southerncoloradocommunityfoundatio
Learn more at the official website: www.southerncoloradocommunityfoundatio
Mission Statement of Southern Colorado Community Foundat
The Southern Colorado Community Foundation, in its mission, works towards improving the quality of life and fostering philanthropy in the community. They achieve this goal through leadership, resources, and traditions. By leveraging endowments, donor-established programs, and other donor-advised funds, this organization distributes funds to non-profit agencies based on criteria set by donors. The Southern Colorado Community Foundation serves as a catalyst for positive change, utilizing its resources to support various initiatives that aim to enhance the lives of individuals within the community.
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Impact
July, 2024
Southern Colorado Community Foundation enhances the quality of life in Pueblo, CO, and promotes philanthropy through leadership, resources, and traditions. They achieve this by distributing earnings from endowments and donor-advised funds to support non-profit agencies based on donors' criteria. Their impact is felt through the awards and grants they provide, empowering charitable efforts in the community.
This information is meant to be a general summary of Southern Colorado Community Foundat. 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: $942,165
- Program Service Revenue: $64,375
- Gross Receipts: $3,396,043
Assets and Liabilities:
- Total Assets: $31,344,799
- Total Liabilities: $3,591,811
- Net Assets: $27,752,988
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$64,375
Organization Details
Founding Year
1998
Phone
(719) 546-6667Principal Officer
Jeffrey Shaw
Main Address
121 W CITY CENTER DRIVE SUITE 240, PUEBLO, CO, 81003
NTEE Category
Code: T31 - Philanthropy
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