Overview
What is Community Foundation Of Northwest Mississippi?
The Community Foundation of Northwest Mississippi is a nonprofit organization situated in Hernando, Mississippi. Its primary mission is to establish and manage permanently endowed funds, which are subsequently granted to various charitable organizations in an attempt to improve the quality of life, primarily in Northwest Mississippi. This foundation plays a significant role in connecting individuals and organizations who are passionate about making a positive impact in their community. By providing resources and leadership, it fosters a collaborative environment to address the needs of its 11-county area in Northwest Mississippi. With a team of nine dedicated employees, the foundation serves as a flexible, tax-deductible vehicle for both donors and recipients, ensuring that resources are allocated effectively and efficiently.
Official website here: www.cfnm.org
What are the reviews and ratings of this charity?
The Community Foundation of Northwest Mississippi boasts a stellar rating of 98% from Charity Navigator, earning it a prestigious Four-Star out of Four Star rating. This high score reflects the organization's strong accountability and financial integrity, with perfect scores in those areas. Their transparency and sound governance are further reinforced by an audit and oversight committee and comprehensive policies covering potential conflict of interest and whistleblower protection.
Charity Navigator emphasizes the foundation's robust financial health, noted through no material diversion of assets and an impressive program expense ratio, signifying efficient use of donations. The foundation excels in fundraising efficiency and maintains substantial working capital, underpinning their capacity to address urgent community needs. Their governance is evidenced by a fully independent board comprising 21 members, which is integral to their operational transparency.
While the Culture & Community score of 86 is commendable, the foundation's Equity Strategies score suggests there is room for growth in promoting racial equity. Despite these areas for enhancement, the organization's commitment to incorporating community feedback into its practices is notably high. No user reviews from GreatNonprofits are currently available to provide additional community perspective or anecdotal insights.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of Northwest Mississippi legitimate?
Community Foundation Of Northwest Mississippi is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of Northwest Mississippi 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: $135,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $349,915
For more financial information, click here
Official website here: www.cfnm.org
What is the mission statement of Community Foundation Of Northwest Mississippi?
The Community Foundation of Northwest Mississippi's mission is centered around connecting individuals who are compassionate with causes that require support. They achieve this by providing resources and leadership to the citizens and nonprofit organizations primarily in an eleven-county area of Northwest Mississippi. The foundation serves as a flexible, tax-deductible vehicle to meet the needs of both donors and recipients, fostering positive change in the quality of life. Their primary program involves establishing permanently endowed funds among various entities, including individuals, families, corporations, and other foundations, to make grants to charitable organizations in the region.
Official website here: www.cfnm.org
Who is the CEO of Community Foundation Of Northwest Mississippi?
Keith Fulcher is the President of Community Foundation Of Northwest Mississippi.
Official website here: www.cfnm.org
What is the revenue of Community Foundation Of Northwest Mississippi?
Community Foundation Of Northwest Mississippi's revenue in 2022 was $11,306,408.
Official website here: www.cfnm.org
Who are the executives of Community Foundation Of Northwest Mississippi and what are their salaries?
The average compensation at Community Foundation Of Northwest Mississippi during 2022 was $53,879. There are 9 employees and 7809 volunteers at Community Foundation Of Northwest Mississippi.
Here are 23 key members and their salaries:
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Official website here: www.cfnm.org
Where can I find the form 990 for Community Foundation Of Northwest Mississippi?
Community Foundation Of Northwest Mississippi's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfnm.org
Learn more at the official website: www.cfnm.org
Mission Statement of Community Foundation Of Northwest Mississippi
The Community Foundation of Northwest Mississippi, as a nonprofit organization, is committed to bridging the gap between individuals who are passionate about making a difference and causes that require support. With a primary focus on an 11-county area in Mississippi, this foundation serves as a connector, providing resources and leadership to both citizens and nonprofit organizations. Its mission is rooted in the idea of fostering collaborations, empowering the community, and driving positive change in the quality of life.
To accomplish this mission, the Community Foundation of Northwest Mississippi has established a flexible, tax-deductible vehicle for donors and recipients alike. By creating permanently endowed funds among individuals, families, corporations, and other foundations, this organization is able to grant funds to various charitable organizations in the region. This grant-making process is designed to have a significant impact on local communities, ultimately enhancing the overall quality of life in Northwest Mississippi.
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Impact
July, 2024
The impact of the Community Foundation of Northwest Mississippi can be seen in its role of connecting individuals, families, corporations, and other foundations with causes that matter in the 11-county area of Northwest Mississippi. By providing resources and leadership, the foundation facilitates the establishment of permanently endowed funds that support charitable organizations, ultimately working to make a positive change in the quality of life in the region. Through this flexible and tax-deductible vehicle, the foundation serves as a catalyst for philanthropy, empowering donors and recipients to create meaningful impact in their community.
This information is meant to be a general summary of Community Foundation Of Northwest Mississippi. 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: $941,885
- Program Service Revenue: $411,254
- Gross Receipts: $11,730,311
Assets and Liabilities:
- Total Assets: $37,673,214
- Total Liabilities: $1,998,820
- Net Assets: $35,674,394
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$411,254
Organization Details
Founding Year
2002
Phone
(662) 449-5002Principal Officer
Keith Fulcher
Main Address
315 LOSHER STREET 100, HERNANDO, MS, 38632
Website
www.cfnm.orgNTEE Category
Code: T31 - Philanthropy
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