Overview
What is Benton Community Foundation Inc?
Benton Community Foundation Inc, based in Fowler, Indiana, is a nonprofit organization dedicated to improving the lives of its residents. Their primary mission involves civic leadership, philanthropy, and charitable economic development initiatives. They provide community grants, offering both financial aid and technical assistance, to foster growth within Benton County. Notable programs include the Dolly Parton Imagination Library, which boosts literacy among nearly 200 toddlers, and the Council for Academic Excellence, which grants scholarships to recognize outstanding academic achievements among students. With a workforce of three individuals, Benton Community Foundation Inc is committed to enhancing the community's quality of life through its varied initiatives.
Official website here: www.bentoncf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
Benton Community Foundation Inc. has received a high score of 96% from Charity Navigator, indicating strong accountability and financial health. This rating is derived solely from the Accountability & Finance beacon, showcasing the foundation's commitment to transparency and effective financial management. The organization demonstrates a solid governance structure, with 100% of its board members being independent, which reinforces its credibility and operational integrity.
The foundation excels in various financial metrics, including a notably low liabilities-to-assets ratio of 2.22% and a program expense ratio of 71.06%. This suggests that the majority of its funds are allocated towards programs rather than administrative costs, aligning with best practices in nonprofit management. Additionally, the foundation adheres to comprehensive policies, such as conflict of interest and whistleblower policies, which further enhance its accountability measures.
While the foundation has received high marks for its financial practices and governance, it’s important for potential donors and stakeholders to consider ongoing transparency and program effectiveness in their decision-making. Overall, Benton Community Foundation Inc. appears to be a well-managed organization that prioritizes accountability and responsible financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Benton Community Foundation Inc legitimate?
Benton Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Benton Community 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: $64,100
Professional Fundraising Fees: $0
Other Salaries and Wages: $44,105
For more financial information, click here
Official website here: www.bentoncf.org
What is the mission statement of Benton Community Foundation Inc?
The Benton Community Foundation's mission is centered around enhancing the quality of life in its community. This is achieved through various initiatives, including civic leadership, philanthropy, and charitable economic development. The foundation provides grants and technical assistance to improve the lives of the residents in Benton County. Notable among these community grants are the Dolly Parton Imagination Library, which promotes literacy among nearly 200 toddlers, and the Council for Academic Excellence, which awards scholarships to 500 students for their exceptional academic achievements.
Official website here: www.bentoncf.org
Who is the CEO of Benton Community Foundation Inc?
Barbara Creek is the President of Benton Community Foundation Inc.
Official website here: www.bentoncf.org
What is the revenue of Benton Community Foundation Inc?
Benton Community Foundation Inc's revenue in 2022 was $1,286,486.
Official website here: www.bentoncf.org
Who are the executives of Benton Community Foundation Inc and what are their salaries?
The average compensation at Benton Community Foundation Inc during 2022 was $36,068. There are 3 employees and 35 volunteers at Benton Community Foundation Inc.
Here are 11 key members and their salaries:
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- Compensation: $62,233
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- Other: $1,867
Official website here: www.bentoncf.org
Where can I find the form 990 for Benton Community Foundation Inc?
Benton Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bentoncf.org
Learn more at the official website: www.bentoncf.org
Mission Statement of Benton Community Foundation Inc
Benton Community Foundation, a renowned organization, is committed to enhancing the quality of life in its community. It achieves this goal through three primary initiatives: civic leadership, philanthropy, and charitable economic development. By embracing these areas, the foundation seeks to make a significant impact on the lives of its residents.
One of the ways Benton Community Foundation contributes to its community is through the provision of grants and technical assistance. These community grants are designed to improve the living conditions of Benton County residents. Notable among these grants is the Dolly Parton Imagination Library, a program that boosts literacy among nearly 200 toddlers in the county. Additionally, the Council for Academic Excellence awards scholarships to 500 students for their outstanding academic achievements.
In summary, Benton Community Foundation is a proactive organization that aims to uplift its community by investing in various initiatives. Through its grants and technical assistance, it strives to improve the lives of its residents, particularly in the areas of literacy and academic achievement. The foundation's commitment to civic leadership, philanthropy, and charitable economic development sets it apart as a vital contributor to the well-being of Benton County.
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Impact
October, 2024
Benton Community Foundation Inc enhances the quality of life in Benton County through its commitment to civic leadership, philanthropy, and charitable economic development initiatives. By providing community grants and technical assistance, it directly improves the lives of residents. Notable programs include the Dolly Parton Imagination Library, which promotes literacy among nearly 200 toddlers in the area, and the Council for Academic Excellence, which awards 500 scholarships to students excelling in academics. These efforts foster educational growth and nurture a vibrant community, significantly impacting the lives of individuals and families in Benton County.
This information is meant to be a general summary of Benton Community 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 2022.
- Investment Income: $324,726
- Program Service Revenue: $6,500
- Gross Receipts: $1,867,541
Assets and Liabilities:
- Total Assets: $8,453,181
- Total Liabilities: $188,376
- Net Assets: $8,264,805
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MGMT/ADMIN FEE INCOME:LILLY S
Revenue
$6,500
Organization Details
Founding Year
2003
Phone
(765) 884-8022Principal Officer
Barbara Creek
Main Address
98 SOUTH 100 EAST, FOWLER, IN, 47944
Website
www.bentoncf.orgNTEE Category
Code: T31 - Philanthropy
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