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Sonora Area Foundation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 931023051 ✦ Sonora, CA ✦ Designated as a 501(c)(3)

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Overview

What is Sonora Area Foundation?

The Sonora Area Foundation serves as a catalyst for community enhancement and improvement, located in Sonora, CA. By aiding donors, making grants, and offering leadership, this nonprofit organization strives to bolster its local community. The foundation awards financial assistance to tax-exempt organizations, with a focus on charitable endeavors that positively impact the community and elevate the living standards of its residents. The Sonora Area Foundation's mission is centered around its commitment to strengthening its community through philanthropy and empowering local organizations.


Official website here: www.sonora-area.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 85% (Three-Star out of Four Stars)

The Sonora Area Foundation has received an 85% rating from Charity Navigator, indicating a solid level of accountability and financial health. The overall score reflects a focus solely on the Accountability & Finance beacon, where the foundation excels with a perfect score in several critical metrics such as independent board governance and fiscal responsibility.

Strengths of the foundation include a fully independent board with all members meeting the criteria for oversight and governance. The organization demonstrates financial prudence, highlighted by an impressive program expense ratio of 87.74%, which shows that a significant portion of its resources is dedicated to its mission. Additionally, the foundation's fundraising efficiency is commendable, requiring only $0.06 to raise a dollar.

While the data reflects strong performance in various areas, the single-beacon score limits insights into the foundation's overall effectiveness. Nonetheless, the positive financial indicators and governance practices suggest that the Sonora Area Foundation is a responsible steward of its resources, committed to serving its community effectively.


This AI summary has been generated from information found on Charity Navigator.

Is Sonora Area Foundation legitimate?

Sonora Area Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sonora Area 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: $220,211

For more financial information, click here


Official website here: www.sonora-area.org

What is the mission statement of Sonora Area Foundation?

The Sonora Area Foundation serves a mission to empower its community by assisting donors, making grants, and providing leadership. It grants funds to tax-exempt organizations for charitable purposes that enhance the community and improve the quality of life for its residents. The foundation's activities aim to strengthen the community by supporting initiatives that align with its mission. By providing resources and leadership, the Sonora Area Foundation seeks to bring about positive change and improve the livelihoods of its community members. The foundation is dedicated to fostering a strong and thriving community through its philanthropic efforts.


Official website here: www.sonora-area.org

Who is the CEO of Sonora Area Foundation?

Derek Maxson is the Ceo of Sonora Area Foundation. The CEO's salary of Sonora Area Foundation is $152,000 and their total compensation is $164,449.


Official website here: www.sonora-area.org

What is the revenue of Sonora Area Foundation?

Sonora Area Foundation's revenue in 2022 was $3,834,313.


Official website here: www.sonora-area.org

Who are the executives of Sonora Area Foundation and what are their salaries?

The average compensation at Sonora Area Foundation during 2022 was $31,459. There are 7 employees at Sonora Area Foundation.


Here are 9 key members and their salaries (Sonora Area Foundation's CEO's salary is $152,000 and their total compensation is $164,449):


Darrell Slocum (Ceo)
  • Compensation: $152,000
  • Related: $0
  • Other: $12,449
Vicki Albrecht (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ed Clinite (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Kraft (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Marquez (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Derek Maxson (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dana Mayo (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clark Segerstrom (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marianne Wright (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.sonora-area.org

Where can I find the form 990 for Sonora Area Foundation?

Sonora Area Foundation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.sonora-area.org

Learn more at the official website: www.sonora-area.org

Mission Statement of Sonora Area Foundation

The Sonora Area Foundation, a distinguished nonprofit organization, is dedicated to bolstering its community by assisting donors, making grants, and providing leadership. Its primary mission involves supporting tax-exempt organizations with charitable purposes that aim to enhance the community and improve the quality of life for its residents. By granting funds, this foundation plays a pivotal role in fostering initiatives that contribute positively to the community, ultimately contributing to its overall strength and development.

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Impact




July, 2024

Sonora Area Foundation's impact is significant as it strengthens its community through assisting donors, making grants, and providing leadership. By granting funds to tax-exempt organizations for charitable purposes, the foundation enhances the community and improves residents' quality of life in Sonora, California. Through its mission of assisting donors, making grants, and providing leadership, the Sonora Area Foundation plays a crucial role in supporting and uplifting the local community.




This information is meant to be a general summary of Sonora Area 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.

Revenue
$3,834,313 (2022)
Expenses
$2,063,988 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $525,161
  • Program Service Revenue: $175,906
  • Gross Receipts: $5,970,763

Assets and Liabilities:

  • Total Assets: $17,091,050
  • Total Liabilities: $356,421
  • Net Assets: $16,734,629

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

GRANTS ADMINISTRATION

Revenue

$175,906

Organization Details

Founding Year

1989

Principal Officer

Derek Maxson

Main Address

362 S STEWART STREET, SONORA, CA, 95370

NTEE Category

Code: T31Z - Philanthropy

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