Overview
What is The Louisville Community Foundation?
The Louisville Community Foundation serves as a community-focused nonprofit organization, primarily dedicated to supporting charities within the 44641 zip code area and extending its reach to benefit citizens beyond. Its main mission involves channeling donations towards various charitable causes, as well as covering the expenses associated with umbrella alley, thereby contributing to the betterment of the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%, Two-Star out of Four Star rating). The Louisville Community Foundation has demonstrated strong accountability and finance management, scoring 100% in this area. The organization benefits from a fully independent board, which is a positive aspect of its governance structure. However, the overall rating indicates significant areas for improvement.
One major limitation lies in the lack of essential policies and documentation. The foundation has not implemented a conflict of interest policy, a whistleblower policy, or a document retention and destruction policy, all of which received a score of zero. Additionally, the absence of the nonprofit's website on its tax form and other required documents hinder transparency and access to information for stakeholders.
Despite these shortcomings, the foundation maintains a commendable program expense ratio of 92.78%, indicating that a substantial portion of its funds is directed toward its programs. However, to enhance its credibility and trustworthiness, The Louisville Community Foundation must address the noted gaps in governance and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is The Louisville Community Foundation legitimate?
The Louisville Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Louisville 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: $0
For more financial information, click here
What is the mission statement of The Louisville Community Foundation?
The Louisville Community Foundation serves as a community foundation, with its primary mission to benefit the citizens residing in a specific zip code, namely 44641. This organization also extends its mission to support citizens beyond this area as a secondary objective. The foundation's purpose is to contribute to various charities by making donations and covering the expenses related to umbrella alley. In essence, its mission is to enhance the well-being of its community through charitable contributions and community development initiatives.
Who is the CEO of The Louisville Community Foundation?
Jay B Barton is the President of The Louisville Community Foundation.
What is the revenue of The Louisville Community Foundation?
The Louisville Community Foundation's revenue in 2022 was $53,388.
Who are the executives of The Louisville Community Foundation and what are their salaries?
Here are 3 key members and their salaries:
- 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 The Louisville Community Foundation?
The Louisville Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Louisville Community Foundation
The Louisville Community Foundation serves as a community-focused organization, dedicated to benefiting the citizens residing in the 44641 zip code, with an additional mission to support charities beyond this area as a secondary objective. This nonprofit entity focuses on providing financial assistance to various charitable organizations through donations and covering the costs associated with maintaining an umbrella alley. By doing so, The Louisville Community Foundation aims to enhance the overall well-being of its local and extended community, contributing to a more prosperous and united society.
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Impact
August, 2024
The Louisville Community Foundation has a significant impact on the residents of the 44641 zip code and beyond. Through its philanthropic efforts, the foundation supports various charities and organizations by providing donations and covering expenses. By focusing on improving the community and supporting its citizens, the Louisville Community Foundation plays a crucial role in fostering positive change and enhancing the well-being of the area's residents.
This information is meant to be a general summary of The Louisville 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: $2,646
- Program Service Revenue: $21,101
- Gross Receipts: $61,052
Assets and Liabilities:
- Total Assets: $408,218
- Total Liabilities: $800
- Net Assets: $407,418
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
STEVEN MOHR FUNDRAISING
Revenue
$12,304
UMBRELLA ALLEY
Revenue
$8,797
Organization Details
Phone
(330) 353-1105Principal Officer
Jay B Barton
Main Address
PO BOX 448, LOUISVILLE, OH, 44641
NTEE Category
Code: T31 - Philanthropy
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