Quick charity verification for Community Foundation For Nantucket (EIN: 134316755)
Verdict: Community Foundation For Nantucket appears trustworthy
95/100Mission Score
$7.7MRevenue
$29.6MAssets
1Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation for an organization of this size is unusual and may warrant further investigation into how executive leadership is compensated or structured, as it could indicate compensation is reported under other categories or that the leadership is entirely volunteer-based, which is rare for a foundation managing nearly $30 million in assets.
Strengths
Strong asset growth: Assets increased from $3.5 million in 2014 to over $27 million in 2023, demonstrating excellent financial stewardship and endowment building.
Consistent 0% officer compensation: This indicates a strong commitment to directing funds towards programs and minimizing administrative overhead at the executive level.
Positive revenue trends: Despite fluctuations, the overall trend in revenue is positive, supporting the organization's growth and capacity for impact.
Low liabilities: Liabilities consistently remain a small fraction of total assets, indicating sound financial management and low debt burden.
AI Transparency Report
The Community Foundation For Nantucket demonstrates strong financial health and a consistent commitment to its mission. Over the past decade, the organization has shown significant growth in both revenue and assets, with assets increasing from $3,561,780 in 2014 to $27,172,215 in 2023. This substantial asset growth indicates effective financial management and successful fundraising efforts, building a robust endowment to support future community needs. The foundation consistently reports 0% officer compensation, which is a strong indicator of transparency and a focus on directing resources towards programs rather than executive salaries. While specific program spending percentages are not detailed in the provided data, the absence of officer compensation suggests a lean operational structure at the top.