The Community Foundation for the Greater Capital Region Inc

What it reported doing in 2024

See schedule o.the foundation administers more than 472 charitable funds, and in partnership with our donors, provides leadership and support for some of the capital region's most important human service, education, arts/culture, community improvement and housing/shelter initiatives.since our founding in 1968, the foundation has awarded more than $132.5 million to support the capital region and beyond. In 2024, the foundation granted and facilitated over $6.2 million in 1,700 grants. Of these grants, 235 nonprofit programs received up to $5,000 each. The top focus areas to which grants were awarded in 2024 were human services, education, arts/culture/humanities, housing and shelter, and community improvement/capacity building.the foundation maintains a focus on investing in the capacity of local nonprofits, in order to help them operate and serve their populations more effectively. We accomplish this through modest grant awards to support infrastructure, human resources, and management/board training upgrades, as well as our support for, and coordination of, the capacity building mini-grant program. This program, offered free each year, consists of a series of half-day workshops for nonprofit leaders and their board members on a wide range of topics, such as personnel risk management, regulatory changes affecting the nonprofit field, development and communications, and technology solutions.the foundation awards grade school, college, and continuing education scholarships to hundreds of local scholars each year. The foundation's largest scholarship fund is the phyllis e. Dake "make your own" scholarship fund (ped), which provides college funding for children of stewart's shops employees. In 2024, the ped scholarship granted more than $443,000, combined with the foundation's other scholarship funds, resulted in distributing more than $715,000 granted through 173 scholarships.

Financial Efficiency

• Mission deployment rate: 97.9%; rating input score 98
• Program expense ratio: 82.4%; rating input score 82
• Fundraising efficiency: $24.98 raised per $1 spent on fundraising; rating input score 62; 62nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.4%; rating input score 94; 22nd percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Scored; rating input score 0
• Grant itemization coverage: 92.1%; rating input score 92; 22nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 23.3%; rating input score 84; 84th percentile among comparable filings
• Total-asset coverage ratio: 13.76; rating input score 93; 93rd percentile among comparable filings
• Liabilities to assets ratio: 0.04; rating input score 84; 84th percentile among comparable filings
• Officer compensation ratio: 8.8%; rating input score 25; 25th percentile among comparable filings

Growth

• Program expense growth: 4% per year; rating input score 100; 34th percentile among comparable filings
• Revenue growth: -0.5% per year; rating input score 0; 7th percentile among comparable filings
• Asset growth: 5.8% per year; rating input score 100; 41st percentile among comparable filings