Overview
What is The Taos Community Foundation Inc?
The Taos Community Foundation Inc is a nonprofit organization situated in Taos, New Mexico. With a mission to enhance the quality of life for its community residents, the foundation manages endowment funds and grants to local nonprofits in various sectors such as arts, civic affairs, education, environment, and health and human services. The organization provides essential services like grants management, technical assistance training for nonprofits, and fostering community collaboration efforts. With a team of seven dedicated individuals, the Taos Community Foundation has served approximately 30,000 people in Taos and Western Colfax counties, making significant contributions to the local nonprofit landscape.
Official website here: www.taoscf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
The Taos Community Foundation Inc has achieved a Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. The organization earned a score of 90% in this area, indicating effective management of resources and transparency in operations. Key strengths include a fully independent board and no material diversion of assets, showcasing a robust governance structure.
The foundation demonstrates commendable financial practices, with an impressive program expense ratio of 93.89%, signifying that the majority of its funds are directed towards its mission-driven activities. Additionally, a favorable liabilities to assets ratio of 10.49% and a working capital ratio that can sustain operations for over four years highlight its financial stability and resilience.
However, the foundation's fundraising efficiency is noted to be low, with a ratio of $0.002, which may raise concerns about the cost-effectiveness of their fundraising strategies. Despite this, the overall financial health and accountability of the Taos Community Foundation make it a reliable choice for potential donors looking to support community initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is The Taos Community Foundation Inc legitimate?
The Taos Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Taos 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: $94,658
Professional Fundraising Fees: $0
Other Salaries and Wages: $246,034
For more financial information, click here
Official website here: www.taoscf.org
What is the mission statement of The Taos Community Foundation Inc?
The Taos Community Foundation Inc's mission is centered around enhancing the quality of life for the community's residents. They accomplish this by managing endowment funds, granting funds to local non-profit organizations, facilitating discussions on critical community issues, and leading key community initiatives. With a focus on Taos and Western Colfax Counties, the foundation serves approximately 30,000 people, working tirelessly to improve their lives.
Official website here: www.taoscf.org
Who is the CEO of The Taos Community Foundation Inc?
Catherine Horsey is the Secretary of The Taos Community Foundation Inc.
Official website here: www.taoscf.org
What is the revenue of The Taos Community Foundation Inc?
The Taos Community Foundation Inc's revenue in 2022 was $6,485,071.
Official website here: www.taoscf.org
Who are the executives of The Taos Community Foundation Inc and what are their salaries?
The average compensation at The Taos Community Foundation Inc during 2022 was $48,670. There are 7 employees and 100 volunteers at The Taos Community Foundation Inc.
Here are 13 key members and their salaries:
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- Compensation: $94,658
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Official website here: www.taoscf.org
Where can I find the form 990 for The Taos Community Foundation Inc?
The Taos Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.taoscf.org
Learn more at the official website: www.taoscf.org
Mission Statement of The Taos Community Foundation Inc
The Taos Community Foundation Inc is committed to enhancing the living standards of the people residing in the communities it serves. This nonprofit organization accomplishes this mission by engaging in several strategic initiatives. Firstly, it builds and manages endowment funds, which serve as a reliable source of financial support for local nonprofit organizations. Secondly, it awards grants to these organizations, thereby empowering them to carry out their respective missions and contribute positively to the community.
Beyond financial assistance, The Taos Community Foundation Inc also plays a role in fostering dialogue among area residents. It convenes these residents to discuss and address critical issues that are significant to the community's wellbeing. Lastly, the foundation assumes leadership roles in key community initiatives, ensuring that these projects are executed effectively and contribute to the overall improvement of the community's quality of life. As a result of these efforts, the foundation has served approximately 30,000 individuals, demonstrating its commitment to making a meaningful impact on the lives of those in the communities it serves.
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Impact
July, 2024
The Taos Community Foundation Inc's impact can be seen in the improvement of the quality of life for people in Taos and Western Colfax counties. The foundation achieves this by building and managing endowment funds, awarding grants to local organizations in the arts, civic affairs, education, environment, and health and human services. Additionally, the foundation provides technical assistance training for local organizations, convenes and leads community collaboration efforts, and plays a key role in addressing critical community issues. With a mission focused on serving the community, the foundation has positively impacted approximately 30,000 people in the region.
This information is meant to be a general summary of The Taos 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 2022.
- Investment Income: $1,793,238
- Program Service Revenue: $442,340
- Gross Receipts: $8,427,540
Assets and Liabilities:
- Total Assets: $21,028,128
- Total Liabilities: $4,072,363
- Net Assets: $16,955,765
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATION FEES
Revenue
$433,320
SPECIAL PROJECT FEES
Revenue
$9,020
Organization Details
Founding Year
1994
Phone
(575) 737-9300Principal Officer
Catherine Horsey
Main Address
PO BOX 1925, TAOS, NM, 875711925
Website
www.taoscf.orgNTEE Category
Code: T31 - Philanthropy
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