GiveWell Community Foundation
Overview
Mission
To champion charitable giving to improve the quality of life in the areas GiveWell Community Foundation serves, both now and for future generations. GiveWell Community Foundation is a 501(c)(3) public charity serving Polk, Hardee, and Highlands counties in Central Florida. The Community Foundation holds more than 400 charitable funds established by individuals, families, businesses, and nonprofits and serves a wide variety of charitable services. For more than 25 years, GiveWell Community Foundation and its fundholders have been investing in the future of our communities through impactful, philanthropic giving. Our Mission Statement.
What it reported doing in 2024
The community foundations goal is to improve the quality of life in all areas of polk, hardee, and highlands counties. It does this by serving three constituencies: 1) donors: for people who love the community and have a desire to give something back to their community, the foundation provides qualified counsel, guidance and stewardship in helping them meet their charitable goals; 2) local non-profit charities: the foundation distributes monies in accordance with donor desires. In addition, it provides support for specific programs and offers assistance in managing individual endowment funds; 3) the community at large: the foundation and its board serve as a catalyst with polk, hardee, and highlands counties in addressing the needs of our community. Through grant making by donors, the foundation reaches out to a broad spectrum including the arts, youth, education, health, social services and more.
Operating model
- Revenue model
- Donor-supported. 81% of the money available for current operations came from contributions.
- Distribution model
- Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
Nonprofit profile at a glance
- EIN
- 593649871
- Latest filing
- Form 990 2024
- Filing history
- 2010 to 2024
- Forms available
- Form 990 2024
- Headquarters
- Lakeland, FL, USA
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public, Societal Benefit
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and the website gives limited detail about important organizational relationships.
Rating breakdown
- Financial Efficiency: 99
- Transparency & Controls: 73
- Accountability: 92
- Sustainability: 53
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 97.6%; rating input score 98
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Foreign activity oversight: Limited
- Grant itemization coverage: 99.8%; rating input score 100; 44th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
- Public monitoring controls: 0 of 8 controls in place; rating input score 0
- Public policy transparency: 0 of 7 controls in place; rating input score 0
- Public financial transparency: 2 of 5 controls in place; rating input score 40
- Impact reporting controls: 2 of 7 controls in place; rating input score 29
- Public relationship transparency: No; rating input score 0
Accountability
- Independent voting board: 100%; rating input score 100; 76th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Public governance controls: 1 of 4 controls in place; rating input score 25
- Zakat policy transparency: Limited
Sustainability
- Operating margin: -3.5%; rating input score 15; 15th percentile among comparable filings
- Operating reserve ratio: 10.15; rating input score 91; 91st percentile among comparable filings
- Liabilities to assets ratio: 0.1; rating input score 82; 82nd percentile among comparable filings
- Officer compensation ratio: 0.6%; rating input score 82; 82nd percentile among comparable filings
Growth
- Program expense growth: 17.4% per year; rating input score 100; 90th percentile among comparable filings
- Revenue growth: 14.7% per year; rating input score 100; 88th percentile among comparable filings
- Asset growth: 14.5% per year; rating input score 100; 85th percentile among comparable filings
Details
- What they do: 2 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 100% of revenue deployed · 97.6% of spending went to programs
- Governance: 23 of 23 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $64.4M in reported program spending
- Leadership: top reported pay $197K · 26 people listed · 3 of 6 pay-setting controls reported
- Consistency: 38 of 38 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 annual filings from 2010 to 2024
- Money network: 298 filed money-flow records
- Related organizations: 250 filed related-organization links