Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1970.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
89 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
31 people listed on the 990; $2.2M paid to officers and key staff.
Sherrie Armstrong’s $444K as President & CEO is at the 43rd percentile of top reported officer pay among 129 $100M+ philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2020 |
|---|---|---|---|---|
| Sherrie Armstrong | $443,614 | $484,280 | $420,179 | $354,524 |
| Cassandra Emery | $289,140 | $219,924 | $177,979 | $167,286 |
| Emmett S Blackwell | $127,310 | $262,472 | $213,202 | $214,820 |
| Michelle a Nelson | $252,172 | $231,823 | $187,063 | $172,629 |
| Katherine Busser | $204,416 | $172,014 | $146,532 | $140,000 |
| Kimberly Russell | $188,181 | $156,292 | $144,170 | $132,694 |
| Vanessa Diamond | $187,113 | $160,806 | $148,551 | $136,293 |
| Maura D Bittner | $185,652 | $184,509 | $153,182 | $157,100 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Fosters regional philanthropy and community engagement by funding affordable housing, financial literacy, neighborhood revitalization, and adult workforce development programs to build economic prosperity.
Questions for The Community Foundation INC
Your first name shows with your question. The Community Foundation INC answers here, for everyone.
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Health & Wellness
Together, we want to ensure that residents have access to comprehensive and coordinated preventive services and quality health care. Residents are connected to resources that meet their health, nutritional, and safety needs.
Educational Success
Together, we want to ensure that children begin school ready to learn and are supported academically and socially throughout their educational experience. Youth become skilled, self-sufficient and contributing members of the community.
Economic Prosperity, Capacity Building, and Other
Together, we want to ensure that residents access and maintain safe and affordable housing in thriving, sustainable communities. Residents gain the financial knowledge, skills, and resources to support themselves and are able to access to career and economic opportunities.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $29.2M | $56.4M |
| InvestmentsLn 11–13 | $687.3M | $713.5M |
| Land, buildings, equipmentLn 10c | $860K | $2.1M |
| Total assetsLn 16 | $800.9M | $852.4M |
| LiabilitiesLn 26 | $70.3M | $67.8M |
| Net assetsLn 32 | $730.5M | $784.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $63.5M | $63.5M | ||
| Grants to domestic individualsLn 2 | $904K | $904K | ||
| Grants and assistance to foreign recipientsLn 3 | $75K | $75K | ||
| Pay of current officers, directors and key staffLn 5 | $1.3M | $387K | $645K | $258K |
| Other salaries and wagesLn 7 | $4.7M | $2.4M | $1.4M | $950K |
| Pension plan contributionsLn 8 | $98K | $45K | $34K | $20K |
| Other employee benefitsLn 9 | $448K | $205K | $153K | $90K |
| Payroll taxesLn 10 | $409K | $187K | $139K | $82K |
| Legal feesLn 11b | $51K | $51K | ||
| Accounting feesLn 11c | $195K | $195K | ||
| Investment management feesLn 11f | $3.1M | $3.1M | ||
| Other fees for servicesLn 11g | $767K | $576K | $192K | |
| Advertising and promotionLn 12 | $80K | $80K | ||
| Office expensesLn 13 | $206K | $124K | $41K | $41K |
| Information technologyLn 14 | $565K | $113K | $452K | |
| OccupancyLn 16 | $596K | $298K | $149K | $149K |
| TravelLn 17 | $86K | $43K | $22K | $22K |
| Conferences, conventions and meetingsLn 19 | $192K | $103K | $52K | $37K |
| Depreciation, depletion and amortizationLn 22 | $252K | $252K | ||
| InsuranceLn 23 | $249K | $249K | ||
| Other expenses (24a–d)Ln 24 | $7.1M | $7.0M | $166K | $17K |
| All other expensesLn 24e | $185K | $143K | $23K | $19K |
| Total functional expensesLn 25 | $85.1M | $76.0M | $7.3M | $1.8M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $101.7M | $85.1M | $16.6M | $784.6M | 990 PDF |
| FY2023 | $119.3M | $84.4M | $34.9M | $730.5M | 990 PDF |
| FY2022 | $73.8M | $72.1M | $1.7M | $697.9M | 990 PDF |
| FY2021 | $152.8M | $60.5M | $92.3M | $795.9M | 990 PDF |
| FY2020 | $105.7M | $62.7M | $43.0M | $631.9M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $101,658,764 revenue, 12 lines filed
Part VI · Governance 20 of 21 board members independent, no flags
Part VIII · Statement of revenue $101,658,764 across 12 lines filed
Part IX · Statement of functional expenses $85,106,726 across 22 lines filed
Part X · Balance sheet $852,363,551 assets, 20 lines filed
Part XI · Reconciliation of net assets $784,586,852 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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