Overview
What is Elk Grove Community Foundation?
The Elk Grove Community Foundation is a nonprofit organization based in Elk Grove, California. Its primary mission is to promote educational opportunities and programs by providing scholarships and grants. The foundation serves as a coordinator for community contributions, aiming to meet local needs. They distribute funds from accumulated contributions and earnings to support these scholarly pursuits.
Official website here: www.elkgroversf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
The Elk Grove Community Foundation has received a 73% rating from Charity Navigator, which translates to a Two-Star rating. This score reflects solid performance in several accountability and finance measures, particularly in having a fully independent board and strong management of assets. Their program expense ratio stands at 76.05%, indicating that a significant portion of their expenditures goes directly to their charitable programs.
Strengths of the organization include a fully independent board and no evidence of material diversion of assets, showcasing responsible governance. However, the foundation lacks key policies, such as a whistleblower policy and a document retention and destruction policy, which are important for maintaining transparency and accountability. The presence of well-documented board meeting minutes does provide some reassurance regarding their operational practices.
While the majority of their financial practices appear sound, the absence of critical governance policies may raise concerns for potential donors regarding the foundation's overall accountability. Addressing these gaps could enhance their operational integrity and improve their rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Elk Grove Community Foundation legitimate?
Elk Grove Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elk Grove Community 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.
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Official website here: www.elkgroversf.org
What is the mission statement of Elk Grove Community Foundation?
The Elk Grove Community Foundation is committed to fostering educational opportunities and programs within the community. This is achieved through the provision of scholarships and grants. Additionally, the foundation plays a role in coordinating contributions to address the community's needs. Their activities primarily focus on distributing funds from accumulated contributions and earnings to support students pursuing higher education.
Official website here: www.elkgroversf.org
Who is the CEO of Elk Grove Community Foundation?
Pat Hume is the President of Elk Grove Community Foundation.
Official website here: www.elkgroversf.org
What is the revenue of Elk Grove Community Foundation?
Elk Grove Community Foundation's revenue in 2022 was $640,873.
Official website here: www.elkgroversf.org
Who are the executives of Elk Grove Community Foundation and what are their salaries?
There 75 volunteers at Elk Grove Community Foundation.
Here are 19 key members and their salaries:
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Official website here: www.elkgroversf.org
Where can I find the form 990 for Elk Grove Community Foundation?
Elk Grove Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.elkgroversf.org
Learn more at the official website: www.elkgroversf.org
Mission Statement of Elk Grove Community Foundation
The Elk Grove Community Foundation is committed to facilitating the growth of educational opportunities and programs within the community. This is achieved through the provision of scholarships and grants, as well as coordinating contributions to meet the community's various needs. By doing so, the organization aims to enhance the educational landscape and foster local development. The foundation's mission is reflected in its activities, which involve distributing funds from accumulated contributions and earnings to support college scholarships. This commitment to education and community development positions the Elk Grove Community Foundation as a vital player in the local educational landscape.
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Impact
July, 2024
Elk Grove Community Foundation plays a significant role in facilitating the development of educational opportunities and programs through scholarships and grants in Elk Grove, California. The foundation's impact is evidenced by the support provided to students through college scholarships, thereby assisting in the advancement of education within the community. By coordinating contributions to meet the expressed needs of the community, Elk Grove Community Foundation actively contributes to enhancing educational opportunities and programs for individuals in the area.
This information is meant to be a general summary of Elk Grove Community 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: $123,880
- Gross Receipts: $6,526,250
Assets and Liabilities:
- Total Assets: $5,767,106
- Total Liabilities: $269,464
- Net Assets: $5,497,642
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Organization Details
Founding Year
1987
Principal Officer
Pat Hume
Main Address
PO Box 2021, Elk Grove, CA, 957592021
Website
www.elkgroversf.orgNTEE Category
Code: T31 - Philanthropy
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