Overview
What is Columbia Basin Foundation?
Columbia Basin Foundation is a community-focused nonprofit organization based in Ephrata, Washington. With a permanent collection of charitable funds supported by various donors, its primary mission is to enhance the community and benefit all local citizens. The foundation assists donors in establishing charitable funds and distributes funds according to donors' intentions, acting as a responsible steward of these resources. It also utilizes discretionary grant funds to address community needs wisely, serving as a catalyst to identify problems and opportunities within the philanthropic community, shaping effective responses to them. In 2022, the foundation awarded 240 grants and sponsorships to qualified, tax-exempt nonprofit organizations directly benefiting residents of the Columbia Basin. These organizations prioritize projects that help build the community, strengthen connections, and benefit a broad segment of the local population.
Official website here: www.cbfcommunity.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star rating)
The Columbia Basin Foundation has achieved a strong 95% rating from Charity Navigator, demonstrating its high standards in accountability and finance. With an excellent score of 95 in Accountability & Finance and 93 in Culture & Community, the foundation exemplifies effective management and transparent practices. Notably, it has a fully independent board and a solid financial structure, including a low liabilities to assets ratio and a high program expense ratio, which indicates that a significant portion of funds goes directly to its programs.
However, while the foundation excels in many areas, there are some gaps in its governance practices. It lacks a whistleblower policy and a document retention and destruction policy, both of which resulted in a score of zero for those categories. This may raise concerns about internal oversight and transparency in critical areas of governance.
Despite these limitations, constituent feedback is notably strong, with perfect scores in feedback collection, usage, and practices. The foundation's commitment to engaging its community and addressing challenges effectively showcases its responsiveness and dedication to equity strategies, although there is room for improvement in collecting and implementing equity data and policies. Overall, the Columbia Basin Foundation stands out as a reputable organization in its sector.
This AI summary has been generated from information found on Charity Navigator.
Is Columbia Basin Foundation legitimate?
Columbia Basin Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Columbia Basin 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: $164,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cbfcommunity.org
What is the mission statement of Columbia Basin Foundation?
The Columbia Basin Foundation serves as a community foundation, managing a collection of permanent charitable funds supported by various donors. Its primary purpose is to strengthen the community for the benefit of all its citizens. The foundation assists donors in creating charitable funds and distributing proceeds according to their intentions. It is committed to being a responsible steward of these resources, using discretionary grant funds wisely to meet community needs, and acting as a constructive catalyst in the philanthropic community. The foundation identifies problems and opportunities in the community and shapes effective responses to them.
Official website here: www.cbfcommunity.org
Who is the CEO of Columbia Basin Foundation?
Stephen Reagan is the President of Columbia Basin Foundation.
Official website here: www.cbfcommunity.org
What is the revenue of Columbia Basin Foundation?
Columbia Basin Foundation's revenue in 2022 was $5,637,669.
Official website here: www.cbfcommunity.org
Who are the executives of Columbia Basin Foundation and what are their salaries?
The average compensation at Columbia Basin Foundation during 2022 was $82,250. There are 2 employees and 25 volunteers at Columbia Basin Foundation.
Here are 13 key members and their salaries:
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- Compensation: $85,000
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- Other: $2,400
- Compensation: $75,000
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- Other: $2,100
Official website here: www.cbfcommunity.org
Where can I find the form 990 for Columbia Basin Foundation?
Columbia Basin Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cbfcommunity.org
Learn more at the official website: www.cbfcommunity.org
Mission Statement of Columbia Basin Foundation
The Columbia Basin Foundation is a community-focused organization that manages a collection of permanent charitable funds, generously donated by a diverse range of benefactors. Its primary mission is to enhance the community and benefit all its citizens. The foundation accomplishes this by aiding donors in establishing charitable funds and distributing the proceeds in accordance with their intentions. It also serves as a responsible steward of these resources, ensuring their utilization to meet community needs wisely. Furthermore, the Columbia Basin Foundation acts as a constructive catalyst within the philanthropic community, identifying issues and opportunities, and shaping effective responses to them. By doing so, it plays a significant role in strengthening the community and improving the lives of its inhabitants.
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Impact
July, 2024
Columbia Basin Foundation's impact is significant in strengthening the community for the benefit of all citizens. In 2022, they awarded 240 grants and/or sponsorships to organizations in the Columbia Basin area, focusing on projects that help build the community, strengthen connections, and benefit a broad segment of the local population. Their commitment to assisting donors in creating charitable funds, being responsible stewards of resources, and using grant funds wisely to meet community needs makes them a constructive catalyst in the philanthropic community. Their work has a direct and positive effect on human services in the region.
This information is meant to be a general summary of Columbia Basin 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: $333,976
- Gross Receipts: $7,904,348
Assets and Liabilities:
- Total Assets: $13,816,979
- Total Liabilities: $20,947
- Net Assets: $13,796,032
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Organization Details
Founding Year
1996
Phone
(509) 754-4596Principal Officer
Stephen Reagan
Main Address
101 BASIN STREET NW, EPHRATA, WA, 98823
Website
www.cbfcommunity.orgNTEE Category
Code: P60 - Human services
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