Overview
What is Keokuk Area Community Foundation?
Keokuk Area Community Foundation is a nonprofit organization situated in Keokuk, Iowa. The foundation serves the tri-state area of Iowa, Missouri, and Illinois by distributing grants to over 100 local nonprofit organizations and offering scholarships to more than 50 individuals. Established through charitable donations, the foundation's mission is to create and maintain permanent endowments for Southeastern Iowa, Western Illinois, and Northeastern Missouri. These endowments support various community projects, programs, and initiatives, contributing to the improvement and growth of the region. The foundation employs a small team of three individuals, working diligently to fulfill its mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Keokuk Area Community Foundation has received a solid Three-Star rating from Charity Navigator, indicating a good level of accountability and transparency in its operations. With a strong score of 90% in Accountability & Finance, the foundation demonstrates effective management of its funds, highlighted by a 82.20% program expense ratio, meaning a significant portion of its expenditures directly supports its charitable programs.
Strengths of the foundation include a fully independent board and robust policies in place, such as those addressing conflicts of interest and whistleblower protections. The foundation's leadership and adaptability are noteworthy, with a perfect score in these areas, ensuring it can effectively respond to changing community needs. Last year, it notably distributed over $600,000 in grants and scholarships, underscoring its commitment to supporting its local community.
Though the foundation is performing well overall, the rating reflects areas where there may still be opportunities for improvement, especially in its leadership and adaptability, which could further enhance its mission impact. However, the current ratings and feedback suggest that it remains a viable choice for donors seeking to make an impact through community-focused philanthropy.
This AI summary has been generated from information found on Charity Navigator.
Is Keokuk Area Community Foundation legitimate?
Keokuk Area Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Keokuk Area Community Foundation 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: $109,236
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What is the mission statement of Keokuk Area Community Foundation?
The Keokuk Area Community Foundation's mission involves receiving charitable contributions from donors to establish permanent endowments. These endowments are aimed at supporting the communities in Southeastern Iowa, Western Illinois, and Northeastern Missouri. The foundation's activities primarily involve awarding grants to various non-profit organizations and providing scholarships to individuals in the tri-state area of Iowa, Missouri, and Illinois. The primary goal is to contribute to the betterment of these communities through these financial contributions.
Who is the CEO of Keokuk Area Community Foundation?
Kerry Klepfer is the Interim Chair Director Emeri of Keokuk Area Community Foundation.
What is the revenue of Keokuk Area Community Foundation?
Keokuk Area Community Foundation's revenue in 2022 was $1,965,773.
Who are the executives of Keokuk Area Community Foundation and what are their salaries?
The average compensation at Keokuk Area Community Foundation during 2022 was $36,412. There are 3 employees at Keokuk Area Community Foundation.
Here are 20 key members and their salaries:
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Where can I find the form 990 for Keokuk Area Community Foundation?
Keokuk Area Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Keokuk Area Community Foundation
The Keokuk Area Community Foundation is an organization that serves the tri-state area of southeastern Iowa, western Illinois, and northeastern Missouri. Its primary mission is to receive charitable gifts from donors, utilizing these contributions to establish permanent endowments. This strategic approach allows the foundation to provide ongoing support to the community, ensuring that its resources can continue to make a positive impact for generations to come.
In fulfilling its mission, the Keokuk Area Community Foundation has awarded grants to over 100 non-profit organizations and provided scholarships to over 50 individuals within its service area. These grants and scholarships serve as key tools in addressing the diverse needs of the community, from supporting local charities to helping deserving students pursue their education. By actively engaging in these activities, the foundation demonstrates its commitment to strengthening the community and improving the lives of its residents.
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Impact
August, 2024
Keokuk Area Community Foundation's impact is evident through its significant support and contributions to the community. With a focus on establishing permanent endowments through charitable gifts, the foundation has played a vital role in enhancing the well-being of Southeast Iowa, Western Illinois, and Northeast Missouri. By awarding grants to over 100 nonprofit organizations and scholarships to over 50 individuals in the tri-state area, the foundation has made a tangible difference in the lives of many. Through its dedicated philanthropy efforts, Keokuk Area Community Foundation continues to positively impact the region by facilitating sustainable support and opportunities for growth and development.
This information is meant to be a general summary of Keokuk Area Community Foundation. 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: $206,520
- Program Service Revenue: -$220
- Gross Receipts: $1,965,773
Assets and Liabilities:
- Total Assets: $16,641,970
- Total Liabilities: $1,863,249
- Net Assets: $14,778,721
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUND ADMIN FEES
Revenue
-$220
Organization Details
Founding Year
2004
Principal Officer
Kerry Klepfer
Main Address
PO BOX 367, KEOKUK, IA, 52632
NTEE Category
Code: T31 - Philanthropy
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