Overview
What is Peace River Cooperative Charitable Foundation Inc?
Peace River Cooperative Charitable Foundation Inc is a nonprofit organization based in Wauchula, Florida. Their primary mission is to collect and distribute funds for charitable purposes in the service area of Peace River Electric Cooperative, Inc. and its surrounding communities. This includes providing financial assistance to individuals and organizations for needs related to food, shelter, clothing, health, and education. The foundation also aims to distribute any remaining funds upon dissolution solely for charitable purposes.
Official website here: www.preco.coop
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Peace River Cooperative Charitable Foundation Inc has received a solid score of 83%, reflecting a commitment to accountability and financial health. The organization showcases strengths with a fully independent board and a favorable liabilities to assets ratio of 0.18%, indicating strong financial stability. Additionally, an impressive program expense ratio of 97.94% highlights that the majority of funds are directed towards its programs rather than administrative costs.
However, there are some notable areas for improvement. While the foundation has a conflict of interest policy in place, it lacks essential policies such as a whistleblower policy and a document retention and destruction policy. Furthermore, the tax form is not listed on their website, which could limit transparency for potential donors looking to assess the organization's financial practices.
Overall, Peace River Cooperative Charitable Foundation Inc demonstrates strong governance and effective financial management, but addressing the identified policy gaps could enhance its transparency and accountability further.
This AI summary has been generated from information found on Charity Navigator.
Is Peace River Cooperative Charitable Foundation Inc legitimate?
Peace River Cooperative Charitable Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Peace River Cooperative Charitable 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
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For more financial information, click here
Official website here: www.preco.coop
What is the mission statement of Peace River Cooperative Charitable Foundation Inc?
The Peace River Cooperative Charitable Foundation Inc's mission is centered around accumulating and distributing funds for charitable purposes. This is done within the service area of Peace River Electric Cooperative Inc. and its surrounding communities. The foundation aims to assist individuals and organizations with needs related to food, shelter, clothing, health, environmental, and educational needs. Upon dissolution, any remaining funds are to be distributed solely for charitable purposes. The foundation serves as a source of support for various community needs, focusing on alleviating hardships and fostering community development.
Official website here: www.preco.coop
Who is the CEO of Peace River Cooperative Charitable Foundation Inc?
Thomas Hackle is the Secretary of Peace River Cooperative Charitable Foundation Inc.
Official website here: www.preco.coop
What is the revenue of Peace River Cooperative Charitable Foundation Inc?
Peace River Cooperative Charitable Foundation Inc's revenue in 2021 was $206,943.
Official website here: www.preco.coop
Who are the executives of Peace River Cooperative Charitable Foundation Inc and what are their salaries?
There 11 volunteers at Peace River Cooperative Charitable Foundation Inc.
Here are 11 key members and their salaries:
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Official website here: www.preco.coop
Where can I find the form 990 for Peace River Cooperative Charitable Foundation Inc?
Peace River Cooperative Charitable Foundation Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.preco.coop
Learn more at the official website: www.preco.coop
Mission Statement of Peace River Cooperative Charitable Foundation Inc
Peace River Cooperative Charitable Foundation Inc's mission is centered around the accumulation and distribution of funds for charitable purposes. This nonprofit organization aims to serve the communities within the vicinity of Peace River Electric Cooperative, Inc. Their objective is achieved by disbursing the collected charitable funds to individuals and organizations with needs related to food, shelter, clothing, health, environment, and education. In the event of the foundation's dissolution, any remaining funds will be distributed solely for charitable purposes. The foundation's mission is to contribute to the betterment of the community by addressing a range of essential needs, thereby promoting overall well-being.
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Impact
October, 2024
Peace River Cooperative Charitable Foundation Inc has a significant impact on the local communities it serves by providing essential support in various areas critical to well-being and development. The foundation focuses on addressing fundamental needs such as food, shelter, and clothing, ensuring that individuals and families have access to the basic necessities of life.
In addition to immediate relief, the foundation also supports health-related needs, which can be pivotal in enhancing the quality of life for community members, particularly in times of crisis. Furthermore, it emphasizes environmental initiatives and educational programs, contributing to a more sustainable future and empowering individuals through knowledge and skills development.
By disbursing funds to both individuals and organizations, the foundation fosters a spirit of community, helping to uplift those in need and strengthening social support networks. Its commitment to accumulating and disbursing charitable funds plays a crucial role in enhancing the overall well-being of the residents in Wauchula, Florida, and surrounding areas.
This information is meant to be a general summary of Peace River Cooperative Charitable 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 2021.
- Investment Income: $265
- Gross Receipts: $206,943
Assets and Liabilities:
- Total Assets: $408,856
- Total Liabilities: $0
- Net Assets: $408,856
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Organization Details
Phone
(863) 767-4644Principal Officer
Thomas Hackle
Main Address
PO BOX 1310, WAUCHULA, FL, 338731310
Website
www.preco.coopNTEE Category
Code: B82 - Education
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