Overview
What is Carlsbad Community Foundation Inc?
Carlsbad Community Foundation Inc is a distinguished nonprofit organization situated in Carlsbad, New Mexico, specifically at 114 S Canyon Street. The organization's primary focus is to enhance the well-being of the local community in Carlsbad and South Eddy County. They accomplish this by granting funds to various local nonprofit organizations, supporting initiatives across various sectors such as arts and humanities, community affairs, health and wellness, human services, and law and protection. By providing these resources, the Carlsbad Community Foundation aims to contribute positively to the community's overall quality of life. Additionally, they offer scholarships to students residing in the Carlsbad area, furthering their educational opportunities. With a dedicated team of three employees, the foundation plays a pivotal role in fostering community development and growth in the region.
Official website here: www.carlsbadfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star rating)
Carlsbad Community Foundation Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting strong performance primarily in Accountability & Finance. The foundation scored 90% overall, indicating a high level of financial health and responsibility. Essential metrics include a perfect score for having an independent board and effective oversight mechanisms, demonstrating robust governance practices.
The organization showcases a solid program expense ratio of 75.31%, meaning that a significant portion of its expenditures directly supports its programs. Its liabilities to assets ratio stands at an impressive 6.47%, indicating a healthy financial position. However, areas of concern include missing policies for conflict of interest, whistleblower protection, and document retention, which could impact transparency and accountability.
Despite these limitations, the foundation's strong financial management and independent oversight highlight its commitment to serving the community effectively. The lack of certain policies suggests opportunities for improvement in governance, but overall, Carlsbad Community Foundation Inc is well-regarded for its accountability and financial practices.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Carlsbad Community Foundation Inc?
100% of 7 reviewers on Facebook recommend the Carlsbad Community Foundation Inc. Here is a summary of their reviews:
The sentiments expressed by users highlight a positive experience with the foundation, emphasizing their strong approval. Reviewers commend the organization for providing an excellent workplace, with at least one individual noting it as the "best job ever had," reflecting the supportive and fulfilling environment.
Overall, the reviews indicate that the Carlsbad Community Foundation Inc. successfully meets the expectations of its supporters and staff, fostering a sense of satisfaction and community involvement among its members.
This AI summary has been generated from reviews found on Facebook.
Is Carlsbad Community Foundation Inc legitimate?
Carlsbad Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carlsbad Community Foundation Inc 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: $194,301
Professional Fundraising Fees: $0
Other Salaries and Wages: $90,611
For more financial information, click here
Official website here: www.carlsbadfoundation.org
What is the mission statement of Carlsbad Community Foundation Inc?
The Carlsbad Community Foundation, in its mission, aims to enhance the livelihood of individuals within a specific region. Specifically, it focuses on improving the quality of life for people in Carlsbad and South Eddy County, New Mexico. To accomplish this, the foundation provides grants to local nonprofit organizations. These grants are intended to support various sectors, including arts and humanities, community affairs, health and wellness, human services, and law and protection. The overarching objective of the Carlsbad Community Foundation is to offer financial aid to promote community development and welfare, thereby benefiting the local population. Additionally, the foundation offers scholarships to students in the Carlsbad area, further contributing to the region's educational growth and development.
Official website here: www.carlsbadfoundation.org
Who is the CEO of Carlsbad Community Foundation Inc?
Bill Kingston is the President of Carlsbad Community Foundation Inc.
Official website here: www.carlsbadfoundation.org
What is the revenue of Carlsbad Community Foundation Inc?
Carlsbad Community Foundation Inc's revenue in 2023 was $2,041,358.
Official website here: www.carlsbadfoundation.org
Who are the executives of Carlsbad Community Foundation Inc and what are their salaries?
The average compensation at Carlsbad Community Foundation Inc during 2023 was $94,971. There are 3 employees at Carlsbad Community Foundation Inc.
Here are 11 key members and their salaries:
- Compensation: $133,286
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- Other: $56,189
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- Other: $0
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- Other: $0
Official website here: www.carlsbadfoundation.org
Where can I find the form 990 for Carlsbad Community Foundation Inc?
Carlsbad Community Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.carlsbadfoundation.org
Learn more at the official website: www.carlsbadfoundation.org
Mission Statement of Carlsbad Community Foundation Inc
The Carlsbad Community Foundation, a notable entity, is committed to enhancing the livelihood of individuals residing in Carlsbad and South Eddy County, New Mexico. Its primary mission is achieved through the provision of grants to local nonprofit organizations and scholarships to students in the Carlsbad area. This foundation serves as a catalyst for positive change, focusing on various sectors such as arts and humanities, community affairs, health and wellness, human services, and law and protection. By offering financial assistance to these organizations, the Carlsbad Community Foundation aims to contribute to the betterment of its community, ultimately improving the overall quality of life for its inhabitants.
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Impact
July, 2024
Carlsbad Community Foundation Inc's impact is evident in the improved quality of life for the people of Carlsbad and South Eddy County, New Mexico. By providing grants to local nonprofit organizations and scholarships to students in the Carlsbad area, the foundation plays a crucial role in supporting community development. Grants are specifically aimed at areas such as arts and humanities, community affairs, health and wellness, human services, and law and protection, covering a wide range of essential sectors. Through its philanthropic efforts, the foundation is actively contributing to the welfare and advancement of the local community.
This information is meant to be a general summary of Carlsbad Community Foundation Inc. 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: $1,170,086
- Gross Receipts: $3,732,688
Assets and Liabilities:
- Total Assets: $21,040,362
- Total Liabilities: $1,361,745
- Net Assets: $19,678,617
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Organization Details
Founding Year
1970
Phone
(575) 887-1131Principal Officer
Bill Kingston
Main Address
114 S Canyon Street, Carlsbad, NM, 88220
Website
www.carlsbadfoundation.orgNTEE Category
Code: T30 - Philanthropy
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