Overview
What is The Waterfront Foundation?
The Waterfront Foundation is a nonprofit organization situated in Jamestown, New York, specifically at 107 Institute Street. Its primary objective is to offer and facilitate support for the Chautauqua Center and the surrounding communities. The foundation's activities and mission are centered around providing aid and assistance to these areas, which is reflected in its description and mission statement. With a team of five dedicated individuals, The Waterfront Foundation is committed to making a positive impact in its local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Star rating
The Waterfront Foundation has received a zero-star rating from Charity Navigator, indicating significant concerns regarding its financial practices and transparency. With an overall score of only 27%, the organization demonstrates a lack of adequate financial reporting, as evidenced by a score of 0 out of 20 for financial statements and failing to provide essential documents on its website.
Despite having a fully independent board, which scored perfectly in related categories, the foundation shows serious weaknesses in key accountability measures such as conflict of interest and whistleblower policies, both receiving a score of zero. The organization also lacks transparency in its financial health, with a poor liabilities to assets ratio and program expense ratio, indicating potential mismanagement of funds.
Overall, while The Waterfront Foundation has strengths in board independence and governance, these are overshadowed by critical deficiencies in financial accountability and transparency. Prospective donors and supporters should consider these factors carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Waterfront Foundation legitimate?
The Waterfront Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Waterfront 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: $205,236
For more financial information, click here
What is the mission statement of The Waterfront Foundation?
The Waterfront Foundation's mission is centered around providing and aiding support for the Chautauqua Center and its surrounding communities. This mission is carried out through various means, aiming to contribute positively to the well-being and development of these areas. The foundation's activities are geared towards enhancing the Chautauqua Center, ultimately benefiting the communities that surround it.
Who is the CEO of The Waterfront Foundation?
Michael C Pease is the Ceo of The Waterfront Foundation. The CEO's salary of The Waterfront Foundation is $43,077 and their total compensation is $43,077.
What is the revenue of The Waterfront Foundation?
The Waterfront Foundation's revenue in 2022 was $3,234,806.
Who are the executives of The Waterfront Foundation and what are their salaries?
The average compensation at The Waterfront Foundation during 2022 was $41,047. There are 5 employees at The Waterfront Foundation.
Here are 5 key members and their salaries (The Waterfront Foundation's CEO's salary is $43,077 and their total compensation is $43,077):
- Compensation: $43,077
- Related: $0
- Other: $0
- Compensation: $19,077
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Waterfront Foundation?
The Waterfront Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Waterfront Foundation
The Waterfront Foundation, as stated in its mission, is committed to providing and offering assistance to support the Chautauqua Center and the surrounding communities. The organization's primary goal is to contribute to the well-being and development of these areas, working tirelessly to make a positive impact. By focusing on the Chautauqua Center, a significant community hub, and extending its support to the surrounding areas, The Waterfront Foundation aims to foster growth and improvement in these communities as a whole. The organization's dedication to this mission is evident in its commitment to providing and helping with the necessary support required for the Chautauqua Center and its surrounding communities to thrive.
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Impact
July, 2024
The Waterfront Foundation is making a significant impact by providing support to the Chautauqua Center and its surrounding communities in Jamestown, NY. Their efforts are focused on improving health outcomes and access to healthcare services for individuals in need. Through their mission to support the Chautauqua Center and the broader community, The Waterfront Foundation is positively influencing the well-being of residents and contributing to the overall health of the region.
This information is meant to be a general summary of The Waterfront 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: $88,903
- Program Service Revenue: $42,950
- Gross Receipts: $3,234,806
Assets and Liabilities:
- Total Assets: $7,855,085
- Total Liabilities: $17,681
- Net Assets: $7,837,404
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPECIAL EVENT
Revenue
$42,950
Organization Details
Founding Year
2019
Principal Officer
Michael C Pease
Main Address
107 INSTITUTE STREET, JAMESTOWN, NY, 14701
NTEE Category
Code: E11 - Health
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