Overview
What is The Howard K Finch Memorial Fund?
The Howard K Finch Memorial Fund is a charitable organization situated in Norwich, New York. Their primary mission is to provide financial aid for community projects that positively impact the citizens of Sherburne, the town and village they serve. By distributing funds, they contribute to the betterment of their community, investing in local projects and initiatives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star Rating, 60%)
The Howard K Finch Memorial Fund has received a Two-Star rating from Charity Navigator, indicating that the organization requires improvement in its accountability and financial practices. The overall score of 60% is primarily calculated based on the Accountability & Finance score, which reflects the nonprofit's practices in these areas. Although the organization has not shown any material diversion of assets and maintains a strong program expense ratio of 80.76%, there are significant deficiencies in board independence and transparency.
One major concern is the complete lack of independent board members, which raises questions about governance and potential conflicts of interest. The organization also fails to meet several key transparency criteria, as it does not have its tax forms or important policies like whistleblower and document retention listed on its website. This lack of transparency can hinder trust and accountability among stakeholders.
On a positive note, the Finch Memorial Fund has established a conflict of interest policy and maintains proper documentation of board meeting minutes, which reflects some level of organizational structure. However, to improve its rating and public trust, the organization will need to address its governance shortcomings and enhance its transparency practices.
This AI summary has been generated from information found on Charity Navigator.
Is The Howard K Finch Memorial Fund legitimate?
The Howard K Finch Memorial Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Howard K Finch Memorial Fund 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: $1,631
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of The Howard K Finch Memorial Fund?
The Howard K Finch Memorial Fund's mission is to distribute funds for the betterment of the community in the Town and Village of Sherborne, New York. This organization's primary goal is to provide financial aid for projects that will positively impact the local citizens. The Fund is committed to investing in initiatives that enhance the quality of life for the residents of this area. By distributing funds, they aim to contribute to the overall development and progress of the community.
Who is the CEO of The Howard K Finch Memorial Fund?
Richard M Runyon is the Trustee of The Howard K Finch Memorial Fund.
What is the revenue of The Howard K Finch Memorial Fund?
The Howard K Finch Memorial Fund's revenue in 2022 was $33,772.
Who are the executives of The Howard K Finch Memorial Fund and what are their salaries?
There 4 volunteers at The Howard K Finch Memorial Fund.
Here are 5 key members and their salaries:
- Compensation: $1,631
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Howard K Finch Memorial Fund?
The Howard K Finch Memorial Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Howard K Finch Memorial Fund
The Howard K Finch Memorial Fund is an organization dedicated to distributing funds for the benefit of its community. Its mission, in simple terms, is to provide financial support for projects that will positively impact the citizens of the Town and Village of Sherburne, NY. By offering funds for community projects, this organization aims to contribute to the betterment and welfare of its local population, thereby enriching their lives in various ways.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Howard K Finch Memorial Fund significantly enhances the community by providing essential financial support for various projects that directly benefit the residents of Sherburne, NY. By distributing funds effectively, the organization plays a critical role in improving local infrastructure, supporting community services, and fostering programs that enrich the quality of life for citizens in both the town and village.
Through its commitment to funding community projects, the Finch Memorial Fund has empowered local initiatives that may otherwise lack the necessary resources. This financial backing not only cultivates civic pride but also encourages community engagement as residents collaborate on meaningful projects. The focus on public benefit underscores the fund's dedication to enhancing the overall well-being of Sherburne's citizens, creating a ripple effect that contributes to a more vibrant, connected, and resilient community.
This information is meant to be a general summary of The Howard K Finch Memorial Fund. 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 2022.
- Investment Income: $33,772
- Gross Receipts: $78,688
Assets and Liabilities:
- Total Assets: $1,015,041
- Total Liabilities: $0
- Net Assets: $1,015,041
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1998
Phone
(607) 336-5927Principal Officer
Richard M Runyon
Main Address
C/O R RUNYON 185 NORTH BROAD ST, NORWICH, NY, 13815
NTEE Category
Code: W99Z - Public benefit
If you are a representative of The Howard K Finch Memorial Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.