Overview
What is Mexico Area Community Foundation Inc?
The Mexico Area Community Foundation Inc, located in Mexico, Missouri, is a public benefit corporation devoted to charitable, educational, and scientific purposes for the benefit of Northeastern Missouri's residents. Their primary focus is ensuring the long-term well-being of the Mexico area. The organization is committed to aligning the community's needs with donor funds and has demonstrated this dedication by awarding 32 scholarships and 3 grants. Their activities are centered around bolstering their local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (73%)
The Mexico Area Community Foundation Inc has received a two-star rating from Charity Navigator, indicating that it has room for improvement. While the organization scores a perfect 100% for accountability and finance, demonstrating strong governance in areas such as board independence and asset management, it struggles significantly in transparency measures. Key areas like having a website listed on their tax forms and lacking essential policies such as conflict of interest and whistleblower protections have negatively impacted their overall score.
Despite its financial accountability, the foundation's lack of transparency practices could raise concerns for potential donors and stakeholders. The absence of a public-facing website for essential documents and policies may hinder trust and limit awareness of its activities and programs. Furthermore, the foundation's program expense ratio appears robust, indicating that a substantial portion of its funds is directed toward its charitable mission, which is a positive aspect of its operations.
In summary, while the Mexico Area Community Foundation Inc excels in accountability and program spending, its significant shortcomings in transparency and governance policies highlight areas for growth. Addressing these limitations could enhance the foundation's reputation and effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Mexico Area Community Foundation Inc legitimate?
Mexico Area Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mexico Area Community Foundation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Mexico Area Community Foundation Inc?
The Mexico Area Community Foundation Inc, functioning as a public benefit corporation, is primarily focused on charitable, educational, and scientific purposes. Its mission is centered around the well-being of its community in northeastern Missouri. The foundation's top priority is to align the needs of the community with donor funds, demonstrating a dedication to the long-term welfare of its community. It aims to act as a bridge, connecting the community's requirements with the available resources.
Who is the CEO of Mexico Area Community Foundation Inc?
Melissa Buckman Young is the President of Mexico Area Community Foundation Inc.
What is the revenue of Mexico Area Community Foundation Inc?
Mexico Area Community Foundation Inc's revenue in 2023 was $71,233.
Who are the executives of Mexico Area Community Foundation Inc and what are their salaries?
There 6 volunteers at Mexico Area Community Foundation Inc.
Here are 6 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
Where can I find the form 990 for Mexico Area Community Foundation Inc?
Mexico Area Community Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mexico Area Community Foundation Inc
Mexico Area Community Foundation Inc is a public benefit corporation, established with a vision to serve the residents of Northeastern Missouri. The organization's primary focus is the long-term well-being of the Mexico Area. It is dedicated to aligning the community's needs with donor funds, demonstrating a commitment to ensuring that charitable, educational, and scientific endeavors in the region are adequately supported. The Mexico Area Community Foundation's mission is centered on matching the community's requirements with available resources, thereby fostering a sustainable and thriving environment.
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Impact
August, 2024
Mexico Area Community Foundation Inc has had a significant impact on the residents of northeastern Missouri by awarding 32 scholarships and 3 grants. The foundation is dedicated to enhancing the long-term well-being of the Mexico area by matching the community's needs with donor funds. Through its philanthropic efforts, the foundation is actively supporting the educational and scientific pursuits of individuals in the region, fostering growth and development for the community as a whole.
This information is meant to be a general summary of Mexico Area Community Foundation 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: $48,133
- Gross Receipts: $244,755
Assets and Liabilities:
- Total Assets: $1,573,197
- Total Liabilities: $0
- Net Assets: $1,573,197
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Organization Details
Founding Year
2002
Phone
(573) 581-2500Principal Officer
Melissa Buckman Young
Main Address
101 S WASHINGTON ST, MEXICO, MO, 65265
NTEE Category
Code: T31 - Philanthropy
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