Overview
What is Our Town Foundation?
Our Town Foundation is a nonprofit organization committed to bettering the Hamburg community. Their mission encompasses promoting social welfare, enhancing economic conditions and opportunities, creating job prospects for the unemployed and minorities, combating community decay, and minimizing poverty and prejudice. Their programs aim to uplift the Hamburg community as a whole, focusing on improving overall living standards and fostering equality.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
Our Town Foundation has achieved an impressive Four-Star out of Four Star rating, reflecting its strong commitment to accountability and finance. With a score of 94%, the organization demonstrates excellent governance practices, including an independent board that is composed of 83% independent members. The foundation has also effectively implemented key policies related to conflict of interest, whistleblowing, and document retention, contributing to its high marks across various financial metrics.
Financially, the foundation shows a robust structure, evidenced by a low liabilities to assets ratio of 7.47%. This indicates a healthy financial position and effective management of resources. Moreover, with a program expense ratio of 100%, every dollar spent directly supports program-related activities, underscoring the organization's dedication to its mission and the efficient use of donor funds.
While the organization performs excellently overall, continued transparency and adherence to these high standards will be crucial for maintaining donor trust and support. Overall, Our Town Foundation stands out as a well-managed nonprofit capable of delivering impactful programs in its community.
This AI summary has been generated from information found on Charity Navigator.
Is Our Town Foundation legitimate?
Our Town Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Our Town 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: $118,474
For more financial information, click here
What is the mission statement of Our Town Foundation?
The Our Town Foundation dedicates its resources towards promoting social welfare, enhancing economic conditions and prospects, increasing job opportunities for the unemployed and marginalized groups, and combating community decay. Its mission also includes addressing poverty and prejudice, striving to create a more equitable society. The organization's programs primarily aim to uplift the overall well-being of the community in focus.
Who is the CEO of Our Town Foundation?
Jeffrey Pettit is the Treasurer of Our Town Foundation.
What is the revenue of Our Town Foundation?
Our Town Foundation's revenue in 2022 was $512,034.
Who are the executives of Our Town Foundation and what are their salaries?
The average compensation at Our Town Foundation during 2022 was $29,618. There are 4 employees and 125 volunteers at Our Town Foundation.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Our Town Foundation?
Our Town Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Our Town Foundation
Our Town Foundation, in its mission, is dedicated to channeling resources towards enhancing social welfare, improving economic conditions, and expanding job opportunities for the unemployed and minority groups. The organization seeks to combat community deterioration and work towards alleviating poverty and prejudice. By dedicating its efforts to these causes, Our Town Foundation strives to contribute positively to the general well-being of the community it serves. The foundation's programs are designed with the aim of promoting the betterment of the Hamburg community.
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Impact
July, 2024
Our Town Foundation's impact can be seen in the positive changes it has brought to the Hamburg community in Pennsylvania. By devoting resources to promoting social welfare, improving economic conditions and opportunities, expanding job opportunities for the unemployed and minority populations, fighting community deterioration, and working to reduce poverty and prejudice, Our Town Foundation has played a crucial role in enhancing the well-being of the local residents. Through its programs and initiatives, Our Town Foundation has focused on promoting the general welfare of the Hamburg community and has made a significant difference in creating a better environment for all its inhabitants.
This information is meant to be a general summary of Our Town 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: $144
- Program Service Revenue: $277,694
- Gross Receipts: $602,798
Assets and Liabilities:
- Total Assets: $957,574
- Total Liabilities: $119,916
- Net Assets: $837,658
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STRAND THEATER
Revenue
$237,896
PROGRAM SERVICE EVENTS
Revenue
$37,721
PROGRAM SERVICE REVENUE
Revenue
$2,077
Organization Details
Phone
(610) 562-3106Principal Officer
Jeffrey Pettit
Main Address
320 STATE STREET, HAMBURG, PA, 19526
NTEE Category
Code: A80 - Arts
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