Overview
What is Community Foundation Of Ncw?
The Community Foundation of NCW, based in Wenatchee, Washington, is a nonprofit organization dedicated to grant-making and scholarships for qualifying nonprofits and applicants in Chelan, Douglas, and Okanogan Counties. They solicit, manage, and distribute charitable endowments established by private citizens, growing, protecting, and connecting these charitable gifts for the betterment of their communities. The foundation provides oversight and administration for the development, investment, and disbursement of charitable dollars as endowments for charitable benefit in these counties. With a staff of eight individuals, the Community Foundation of NCW continues to make grants from unrestricted funds to support local nonprofits and offers college scholarships to eligible applicants.
Official website here: www.cfncw.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating)
The Community Foundation of NCW has received a commendable Four-Star rating from Charity Navigator, indicating a strong performance, particularly in the areas of accountability and finance. This high score reflects the organization's commitment to transparency and effective financial management, as evidenced by their independent board structure and comprehensive oversight practices, which are crucial for building donor trust.
Strengths noted in the evaluation include a 100% independent board and a remarkable program expense ratio of nearly 95%, showing that the majority of their funds are directed towards their programs. Additionally, the foundation maintains robust financial health with a favorable liabilities to assets ratio and significant working capital, indicating sustainability and the ability to meet future obligations. These factors contribute to its reputation as a responsible and effective nonprofit.
However, while the organization excels in various financial metrics, the fundraising efficiency ratio has room for improvement, with a reported cost of $0.01 for every dollar raised. This suggests that while they are managing their funds effectively, optimizing fundraising strategies could enhance their overall financial performance and allow for even more investment in community initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of Ncw legitimate?
Community Foundation Of Ncw is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of Ncw 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: $272,307
Professional Fundraising Fees: $0
Other Salaries and Wages: $298,032
For more financial information, click here
Official website here: www.cfncw.org
What is the mission statement of Community Foundation Of Ncw?
The Community Foundation of NCW (CFNCW) is a grant-making organization that supports qualified nonprofit organizations in Chelan, Douglas, and Okanogan Counties. Their mission is geared towards growing, protecting, and connecting charitable gifts to strengthen communities. CFNCW oversees and administers the development, investment, and disbursement of charitable dollars as endowments for the benefit of these counties. Through this process, they make grants to qualifying nonprofit organizations in Washington State, primarily focusing on Chelan, Douglas, and Okanogan Counties. CFNCW's efforts aim to improve the lives of people in these communities by providing necessary resources and support.
Official website here: www.cfncw.org
Who is the CEO of Community Foundation Of Ncw?
Beth Stipe is the Trustee of Community Foundation Of Ncw.
Official website here: www.cfncw.org
What is the revenue of Community Foundation Of Ncw?
Community Foundation Of Ncw's revenue in 2023 was $15,491,190.
Official website here: www.cfncw.org
Who are the executives of Community Foundation Of Ncw and what are their salaries?
The average compensation at Community Foundation Of Ncw during 2023 was $71,292. There are 8 employees and 250 volunteers at Community Foundation Of Ncw.
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Official website here: www.cfncw.org
Where can I find the form 990 for Community Foundation Of Ncw?
Community Foundation Of Ncw's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cfncw.org
Learn more at the official website: www.cfncw.org
Mission Statement of Community Foundation Of Ncw
The Community Foundation of NCW, a grant-making organization based in Washington, is dedicated to growing, protecting, and connecting charitable gifts in support of thriving communities. Through its mission, the foundation provides oversight and administration for the development, investment, and disbursement of charitable dollars as endowments, benefiting Chelan, Douglas, and Okanogan Counties.
In simpler terms, the Community Foundation of NCW serves as a trustee for charitable funds established by private citizens. By managing and distributing these resources, the foundation aims to create lasting impacts in the named counties, improving the lives of local residents. The foundation's grant-making activities primarily support qualified nonprofit organizations in Chelan, Douglas, and Okanogan Counties. Additionally, the foundation awards college scholarships to deserving applicants from these areas.
The Community Foundation of NCW plays a vital role in the region by fostering philanthropy and connecting generous donors with worthy causes. Its goal is to help ensure the long-term financial sustainability of these organizations, enabling them to continue delivering essential services and making a difference in the lives of countless individuals.
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Impact
October, 2024
The Community Foundation of NCW significantly enhances the quality of life in Chelan, Douglas, and Okanogan counties through strategic grant-making and scholarship initiatives. By distributing grants to qualified organizations, it empowers local groups to address pressing community needs, support vital programs, and foster sustainable development.
Additionally, by awarding scholarships to deserving students, the foundation opens doors to educational opportunities that can transform lives and build a stronger future for the community. Its efforts to solicit, manage, and distribute permanent charitable endowments demonstrate a commitment to long-term financial sustainability and community investment.
Through its mission to grow, protect, and connect charitable gifts, the Community Foundation of NCW plays a crucial role in nurturing a culture of philanthropy. This not only benefits individual recipients but also strengthens the overall fabric of the community, encouraging collaboration and innovation for lasting positive impact.
This information is meant to be a general summary of Community Foundation Of Ncw. 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: $3,934,543
- Gross Receipts: $18,338,834
Assets and Liabilities:
- Total Assets: $139,199,795
- Total Liabilities: $63,514,904
- Net Assets: $75,684,891
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Organization Details
Founding Year
1986
Phone
(509) 663-7716Principal Officer
Beth Stipe
Main Address
9 S WENATCHEE AVE, WENATCHEE, WA, 98801
Website
www.cfncw.orgNTEE Category
Code: T310 - Philanthropy
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