Overview
What is Good Neighbor Fund-Spirit Lake?
Good Neighbor Fund-Spirit Lake is a community-focused nonprofit organization situated in Spirit Lake, Iowa. Its primary role is to facilitate fundraising activities for various social welfare agencies within the area. The organization promotes collaboration, planning, and budgeting through an annual fund drive. Good Neighbor Fund-Spirit Lake receives local donations through a community-wide appeal and subsequently distributes these donations to local charitable agencies that meet the prescribed conditions set by their board. By doing so, the fund aims to support the well-being of their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
Good Neighbor Fund-Spirit Lake has received a two-star rating from Charity Navigator, reflecting solid accountability and financial practices. The overall score is derived solely from its accountability and finance measures, where it scored 73%. This rating indicates that while the organization has commendable aspects, there may be room for improvement in other evaluation areas not fully captured by this score.
The nonprofit demonstrates strengths in governance, with a board composed of 70% independent members and a comprehensive documentation of board meeting minutes. Financially, it maintains a strong program expense ratio of 94.09%, indicating that the majority of funds are allocated directly to its programs, which is a positive aspect for potential donors. Additionally, it shows no material diversion of assets, maintaining a clean financial record.
However, the two-star rating suggests there are areas that could enhance overall performance. While the accountability and finance metrics are commendable, the absence of scores in other categories implies potential weaknesses in areas such as impact, leadership, or transparency that could be addressed to improve the organization’s standing and effectiveness in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Good Neighbor Fund-Spirit Lake legitimate?
Good Neighbor Fund-Spirit Lake is a legitimate nonprofit organization registered as a 501(c)(3) entity. Good Neighbor Fund-Spirit Lake 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: $0
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What is the mission statement of Good Neighbor Fund-Spirit Lake?
The Good Neighbor Fund-Spirit Lake's mission is centered around soliciting local donations through a community-wide appeal. Their primary goal is to redistribute these donations to local charitable organizations that meet specific conditions set by their board. This fund serves as a coordinator for several social welfare agencies within the community, promoting cooperation, planning, and budgeting through an annual fund drive. As a result, annual grants are awarded to these participating agencies, aiming to support their efforts in serving the community.
What is the revenue of Good Neighbor Fund-Spirit Lake?
Good Neighbor Fund-Spirit Lake's revenue in 2024 was $77,224.
Who are the executives of Good Neighbor Fund-Spirit Lake and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Good Neighbor Fund-Spirit Lake?
Good Neighbor Fund-Spirit Lake's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Good Neighbor Fund-Spirit Lake
Good Neighbor Fund-Spirit Lake, a community-driven organization, plays a crucial role in collecting local donations through a widespread appeal. Their primary mission is to distribute these collected donations to local charitable agencies that meet specific criteria set by their board. By coordinating fundraising activities among various social welfare agencies serving the community, Good Neighbor Fund-Spirit Lake promotes cooperation, planning, and budgeting through an annual fund drive. The organization then awards annual grants to these participating agencies to support their charitable efforts. In essence, Good Neighbor Fund-Spirit Lake acts as a bridge between generous donors and deserving local charities, ensuring that funds are distributed to organizations that align with their prescribed conditions, thereby benefiting the broader community.
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Impact
August, 2024
The Good Neighbor Fund-Spirit Lake plays a significant role in coordinating the fundraising activities of several social welfare agencies serving the community. By facilitating an annual fund drive and promoting collaboration among these organizations, the fund helps in planning, cooperation, and budgeting for local charitable causes. Through its efforts to solicit local donations through community-wide appeals and redistribute them to deserving charitable agencies, the Good Neighbor Fund makes a tangible impact on supporting important causes in Spirit Lake.
This information is meant to be a general summary of Good Neighbor Fund-Spirit Lake. 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 2024.
- Investment Income: $54,944
- Gross Receipts: $317,076
Assets and Liabilities:
- Total Assets: $1,360,408
- Total Liabilities: $0
- Net Assets: $1,360,408
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Organization Details
Founding Year
1971
Principal Officer
Darren Anderson
NTEE Category
Code: T00 - Philanthropy
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