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Community Foundations Of The Hudson Valley Inc

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

EIN: 237026859 ✦ Poughkeepsie, NY ✦ Designated as a 501(c)(3)

Overview

What is Community Foundations Of The Hudson Valley Inc?

Community Foundations of the Hudson Valley Inc, located at 25 Van Wagner Road, Poughkeepsie, New York, is a charitable organization with a team of 12 employees. Their primary role involves managing donor funds, prudently investing them, and distributing grants to various nonprofits for charitable purposes. Their activities include grantmaking, donor relations, and nonprofit technical assistance. In the fiscal year 2023, their major focus was on holding donor funds, investing them wisely, and making grant distributions to nonprofits in areas such as health and human services, arts and culture, community improvement, youth development, education and scholarships, animal welfare, and faith-based organizations' charitable activities. The organization aims to inspire and celebrate local charitable giving and civic engagement in the community.


Official website here: www.communityfoundationshv.org

Is Community Foundations Of The Hudson Valley Inc legitimate?

Community Foundations Of The Hudson Valley Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundations Of The Hudson Valley Inc 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.

Here are some key statistics you may want to consider:

Executive Compensation: $295,651
Professional Fundraising Fees: $0
Other Salaries and Wages: $509,357

For more financial information, click here


Official website here: www.communityfoundationshv.org

What is the mission statement of Community Foundations Of The Hudson Valley Inc?

The Community Foundations of the Hudson Valley serves as a catalyst for local charitable giving and civic engagement. Their primary activities include holding donor funds, prudently investing them, and distributing grants to nonprofits for charitable purposes. The organization focuses on three main areas: grantmaking, donor relations, and nonprofit technical assistance. Through grantmaking, they disburse funds to meet community needs and align with donors' intentions, granting approximately ten million dollars annually for various sectors such as health and human services, arts and culture, community improvement, youth development, education and scholarships, animal welfare, and faith-based organizations' charitable activities.


Official website here: www.communityfoundationshv.org

Who is the CEO of Community Foundations Of The Hudson Valley Inc?

Kathleen Banks is the Principal Officer of Community Foundations Of The Hudson Valley Inc. The CEO's salary of Community Foundations Of The Hudson Valley Inc is $0 and their total compensation is $0.


Official website here: www.communityfoundationshv.org

What is the revenue of Community Foundations Of The Hudson Valley Inc?

Community Foundations Of The Hudson Valley Inc's revenue in 2023 was $17,778,279.


Official website here: www.communityfoundationshv.org

Who are the executives of Community Foundations Of The Hudson Valley Inc and what are their salaries?

The average compensation at Community Foundations Of The Hudson Valley Inc during 2023 was $67,084. There are 12 employees and 125 volunteers at Community Foundations Of The Hudson Valley Inc.

Here are 26 key members and their salaries (Community Foundations Of The Hudson Valley Inc's CEO's salary is $0 and their total compensation is $0):

    Sally J Cross Cfre (President & Ceo, Thru May 2023)
  • Compensation: $160,958
  • Related: $0
  • Other: $8,253

    • Darcy Kelly (Cfo)
  • Compensation: $95,566
  • Related: $0
  • Other: $16,201

    • Cristin Mcpeake (Vice President, Programs)
  • Compensation: $103,864
  • Related: $0
  • Other: $5,165

    • Charles Simon (Chair And Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert J Cotter (First Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Darrelyn Brennan (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Edward L Mccormick (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Linda B Clarke (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rebecca Reynolds Cpa (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eleanor Charwat (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Aziz Ahsan Esq (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Cannon (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Yu-Shin Chen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Charles A Freni Jr (Trustee, Thru May 2023)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Hamilton (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ashley Knox Mps (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Wesley J Lee (Trustee, Thru Jan. 2023)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cora Mallory-Davis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Melissa Manna-Williams Esq (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Thomas J Murphy (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nathaniel S Prentice (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anita Rice (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brenda K Santoro Cpa (Trustee, Thru April 2023)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Myrna Sameth (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Steven R Tinkelman Aia (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathleen Banks Cfre (President & Ceo, As Of May 2023)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.communityfoundationshv.org

    Where can I find the form 990 for Community Foundations Of The Hudson Valley Inc?

    The Community Foundations Of The Hudson Valley Inc’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.communityfoundationshv.org

    Learn more at the official website: www.communityfoundationshv.org

    Mission Statement of Community Foundations Of The Hudson Valley Inc

    Community Foundations of the Hudson Valley, a leading philanthropic organization, is dedicated to inspiring local charitable giving and civic engagement. Through its significant activities in the 2023 fiscal year, the Foundation held donor funds, invested them prudently, and made grant distributions to various nonprofits for charitable purposes.

    The organization's mission is multifaceted. It delivers community leadership by granting funds to meet community needs and adhering to donors' intentions. In the realm of grantmaking, Community Foundations of the Hudson Valley disbursed close to $10 million for causes such as health and human services, arts and culture, community improvement, youth development, education and scholarships, animal welfare, and faith-based organizations' charitable activities. By providing financial support to these areas, the Foundation contributes to the overall betterment of the community.

    In addition to its grantmaking activities, the Community Foundations of the Hudson Valley fosters donor relations. This involves building strong relationships with donors, ensuring their philanthropic goals are met, and offering opportunities for greater engagement in the local nonprofit sector. Lastly, the Foundation provides nonprofit technical assistance, offering expertise and resources to help nonprofits strengthen their operations and sustain their impact.

    With a focus on community and philanthropic leadership, the Community Foundations of the Hudson Valley empowers change by inspiring local giving and fostering civic engagement. Through its various programs, the organization addresses the needs of the community and supports the important work of local nonprofits.

    Impact

    This information is meant to be a general summary of Community Foundations Of The Hudson Valley Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Community Foundations of the Hudson Valley Inc's impact lies in its ability to mobilize and distribute resources effectively to address community needs and support charitable initiatives. Through its grant-making activities, the organization has allocated nearly $10 million to various sectors including health and human services, arts and culture, community improvement, youth development, education, animal welfare, and faith-based organizations. By facilitating donations, investing funds prudently, and providing technical assistance, the organization plays a crucial role in promoting local charitable giving and civic engagement in Poughkeepsie, NY.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $5,689,579
  • Program Service Revenue: $103,883
  • Gross Receipts: $40,161,183

    • Assets and Liabilities:
  • Total Assets: $104,336,174
  • Total Liabilities: $11,523,042
  • Net Assets: $92,813,132
  • Programs

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

    ADMINISTRATIVE SERVICE FEES

    Revenue

    $103,883

    Organization Details

    Founding Year

    1969

    Principal Officer

    Kathleen Banks

    Main Address

    25 VAN WAGNER ROAD, POUGHKEEPSIE, NY, 12603

    NTEE Category

    Code: T31 - Philanthropy

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