Overview
What is The Optimist Foundation Of Adrian Missouri Inc?
The Optimist Foundation of Adrian Missouri Inc is a community-focused nonprofit organization, situated in Adrian, Missouri. Their primary objective is to construct and manage a building that serves as a communal hub, facilitating meetings for youth, civic, and family groups. By providing a central location, this foundation aims to foster community engagement and interaction, thereby enriching the lives of local residents.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
The Optimist Foundation of Adrian Missouri Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and finance management. The rating is based entirely on a single beacon score, which highlights the organization's strong performance in several key areas, particularly its high program expense ratio of 98.56%. This suggests that the majority of its funds are directed towards its programs rather than administrative costs.
A notable strength of the organization is its fully independent board, consisting of seven members, which reflects a commitment to good governance. The absence of any material diversion of assets further reinforces the foundation's financial integrity. However, there are some areas for improvement, specifically the lack of a conflict of interest policy and missing whistleblower and document retention policies, which were indicated as gaps in governance practices.
Overall, while The Optimist Foundation demonstrates commendable financial accountability, addressing the noted deficiencies in governance policies could enhance its overall effectiveness and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is The Optimist Foundation Of Adrian Missouri Inc legitimate?
The Optimist Foundation Of Adrian Missouri Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Optimist Foundation Of Adrian Missouri 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.
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Official website here: www.none
What is the mission statement of The Optimist Foundation Of Adrian Missouri Inc?
The Optimist Foundation of Adrian Missouri Inc. is established with a mission to construct and operate a community building. This facility serves as a venue for various community gatherings, including youth, civic, and family meetings. The primary objective of the foundation is to operate this building for the benefit of the community, aiming to foster a sense of community engagement and interaction.
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Who is the CEO of The Optimist Foundation Of Adrian Missouri Inc?
Richard Ford is the Secretary of The Optimist Foundation Of Adrian Missouri Inc.
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What is the revenue of The Optimist Foundation Of Adrian Missouri Inc?
The Optimist Foundation Of Adrian Missouri Inc's revenue in 2023 was $76,653.
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Who are the executives of The Optimist Foundation Of Adrian Missouri Inc and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.none
Learn more at the official website: www.none
Mission Statement of The Optimist Foundation Of Adrian Missouri Inc
The Optimist Foundation of Adrian Missouri Inc is committed to serving its community by constructing and operating a community building. This facility is essential to accommodate various meetings, bringing together youth, civic, and family groups. The foundation's mission is to operate this building for the benefit of the Adrian community, fostering a sense of unity and shared space for community events and gatherings. By providing a central location for these activities, the Optimist Foundation of Adrian Missouri Inc aims to enhance the quality of life and foster a stronger sense of community for its residents.
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Impact
August, 2024
The Optimist Foundation Of Adrian Missouri Inc's impact has been significant in the community of Adrian, Missouri. By constructing and operating a community building, they have provided a space where youth, civic, and family meetings can take place, fostering a sense of community engagement and togetherness. This initiative has not only brought the community closer but has also created a platform for various groups to gather, interact, and work towards common goals. Through their philanthropic efforts, The Optimist Foundation has played a crucial role in enhancing the quality of life in Adrian, Missouri.
This information is meant to be a general summary of The Optimist Foundation Of Adrian Missouri Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $289
- Program Service Revenue: $48,494
- Gross Receipts: $76,653
Assets and Liabilities:
- Total Assets: $244,933
- Total Liabilities: $0
- Net Assets: $244,933
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BUILDING RENTALS
Revenue
$48,494
Organization Details
Founding Year
2004
Phone
(816) 590-8292Principal Officer
Richard Ford
Main Address
PO BOX 172, ADRIAN, MO, 64720
Website
www.noneNTEE Category
Code: T30 - Philanthropy
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