Overview
What is Hopkins County United Fund?
Hopkins County United Fund is a community-focused nonprofit organization situated in Sulphur Springs, Texas. Its primary role is to act as a centralized platform for collecting charitable contributions and distributing them to qualified local organizations. The organization ensures accountability by requiring funded agencies to submit financial statements for review and evaluation by their Budget and Allocations Committee during public hearings. All funded organizations must possess a tax-exempt status, including a 501(c)(3) designation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Stars
Hopkins County United Fund has received a 73% rating from Charity Navigator, which translates to a Two-Star rating. This evaluation indicates that the charity's performance is satisfactory but leaves room for improvement. The score is primarily influenced by the Accountability & Finance metrics, which are essential indicators of a nonprofit's operational integrity and financial stewardship.
A significant strength of the organization is its governance structure, as evidenced by the presence of a fully independent board composed of 12 members. The charity also scores highly in areas such as transparency, documenting board meeting minutes, and maintaining a low ratio of liabilities to assets. Notably, the program expense ratio stands at an impressive 100%, signifying that all of its expenses are directed towards its programs, which is a positive sign for potential donors.
Despite these strengths, the overall rating suggests that there may be some areas requiring further attention to enhance the organization's effectiveness. While specific limitations are not detailed, the Two-Star rating implies that potential donors could seek more information or improvements before fully committing their support.
This AI summary has been generated from information found on Charity Navigator.
Is Hopkins County United Fund legitimate?
Hopkins County United Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hopkins County United 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.
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What is the mission statement of Hopkins County United Fund?
The mission of Hopkins County United Fund is to establish an organized and centralized platform for collecting contributions and distributing them to qualified charitable organizations. This organization ensures accountability by requiring funded agencies to submit financial statements detailing the allocation of funds. The Budget and Allocations Committee reviews and evaluates this information at public hearings. All funded organizations must hold tax-exempt status, including having a 501(C)(3) letter to prove this.
Who is the CEO of Hopkins County United Fund?
Susan Berning is the Director of Hopkins County United Fund.
What is the revenue of Hopkins County United Fund?
Hopkins County United Fund's revenue in 2022 was $207,626.
Who are the executives of Hopkins County United Fund and what are their salaries?
Here are 14 key members and their salaries:
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Where can I find the form 990 for Hopkins County United Fund?
Hopkins County United Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hopkins County United Fund
Hopkins County United Fund is an organization dedicated to fostering community contributions in an organized and centralized manner. Its primary mission is to serve as a hub for collecting donations and distributing them to other eligible nonprofit organizations. By doing so, the United Fund ensures that funds are allocated responsibly, with each recipient organization providing financial statements detailing their accountability for the allocated funds. These statements are reviewed and evaluated by the Budget and Allocations Committee during public hearings. It's worth noting that all funded organizations must hold tax-exempt status, as proven by a 501(c)(3) letter. In essence, Hopkins County United Fund acts as a reliable and accountable bridge between donors and the community's neediest organizations.
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Impact
October, 2024
Hopkins County United Fund significantly enhances community support by organizing contributions and ensuring they are allocated effectively to qualified organizations. By requiring funded agencies to submit detailed financial statements, the organization promotes transparency and accountability for the funds distributed. The Budget and Allocations Committee carefully reviews and evaluates these submissions during public hearings, ensuring that each contribution is utilized efficiently and responsibly. This structured approach not only fosters trust within the community but also streamlines the philanthropic efforts that support various local initiatives and services. The centralized collection of contributions creates a more impactful collective force, enabling the community to address pressing needs and uplift those in need.
This information is meant to be a general summary of Hopkins County United 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: $435
- Gross Receipts: $207,626
Assets and Liabilities:
- Total Assets: $220,615
- Total Liabilities: $1,264
- Net Assets: $219,351
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Organization Details
Founding Year
1955
Phone
(903) 885-1437Principal Officer
Susan Berning
Main Address
PO BOX 735, SULPHUR SPRINGS, TX, 75483
NTEE Category
Code: T31 - Philanthropy
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