Overview
What is Boone County Community Foundation?
Boone County Community Foundation is a nonprofit organization based in Belvidere, Illinois, with a workforce of just two individuals. Their primary mission is to collect donations from community members seeking to contribute financially to charitable organizations and initiatives within the Boone County community. By doing so, they aim to enhance and promote the overall well-being of their local area. The foundation is dedicated to supporting various local charities, thereby contributing to the betterment of the Belvidere community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
The Boone County Community Foundation has earned a Three-Star rating from Charity Navigator, indicating a solid level of performance primarily in the area of Accountability & Finance. The rating reflects a strong commitment to transparency and governance, as evidenced by a fully independent board and robust financial oversight mechanisms, including regular audits and documented board meeting minutes.
Organizational strengths include a well-composed board with 100% independent members and a favorable liabilities-to-assets ratio. The foundation's financial practices appear sound, with no reported material diversion of assets. However, the Program Expense Ratio, which sits at 62%, suggests that there may be room for improvement in how funds are allocated towards programmatic activities versus administrative costs.
Overall, while the Boone County Community Foundation demonstrates commendable financial accountability, there is a slight concern regarding the proportion of expenses directed toward programs. Continued focus on maximizing program spending could enhance their impact and further elevate their rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Boone County Community Foundation legitimate?
Boone County Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boone County 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: $44,879
For more financial information, click here
What is the mission statement of Boone County Community Foundation?
The Boone County Community Foundation's mission involves soliciting funds from community members who wish to contribute financially to charitable organizations and activities within their community. By doing so, the foundation aims to provide financial assistance that improves and promotes the well-being of the community. Their activities include making contributions to various local charities to support various initiatives in the Belvidere area. The foundation serves as a bridge between community members who wish to donate and the charitable organizations that require funding.
Who is the CEO of Boone County Community Foundation?
Melissa Erickson is the Executive Di of Boone County Community Foundation.
What is the revenue of Boone County Community Foundation?
Boone County Community Foundation's revenue in 2022 was $1,053,734.
Who are the executives of Boone County Community Foundation and what are their salaries?
The average compensation at Boone County Community Foundation during 2022 was $22,440. There are 2 employees and 25 volunteers at Boone County Community Foundation.
Here are 23 key members and their salaries:
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Where can I find the form 990 for Boone County Community Foundation?
Boone County Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Boone County Community Foundation
The Boone County Community Foundation, as a philanthropic organization, is dedicated to gathering funds from community members who are passionate about offering financial assistance to charitable organizations and activities within the Boone County community. Their mission is to act as a catalyst, facilitating the distribution of these funds to enhance and advance the Belvidere community. By soliciting contributions, the foundation plays a significant role in supporting various local charities, thereby contributing to the betterment and promotion of the community as a whole.
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Impact
October, 2024
The Boone County Community Foundation significantly enhances the Belvidere community by mobilizing financial support from local residents for various charitable organizations and activities. By facilitating contributions to local charities, the foundation plays a crucial role in improving and promoting community welfare. This support enables vital services, programs, and initiatives that address the needs of residents, foster community development, and strengthen the overall fabric of Boone County. The impact is evident in the enriched quality of life for individuals and families, as well as the fostering of a spirit of philanthropy and collaboration among community members.
This information is meant to be a general summary of Boone County 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: $216,404
- Program Service Revenue: $95,772
- Gross Receipts: $7,342,582
Assets and Liabilities:
- Total Assets: $8,796,707
- Total Liabilities: $1,313,238
- Net Assets: $7,483,469
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$95,772
Organization Details
Phone
(815) 544-7231Principal Officer
Melissa Erickson
Main Address
600 S STATE ST STE 211, BELVIDERE, IL, 61008
NTEE Category
Code: T31 - Philanthropy
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