Overview
What is Correctional Professionals Assistance Fund Of Indiana Inc?
Correctional Professionals Assistance Fund of Indiana Inc, based in Plainfield, Indiana, is a nonprofit organization that extends aid to employees of the Indiana Department of Corrections who have endured a significant loss due to a natural disaster or catastrophic accident. Their mission involves offering emergency monetary grants and scholarships, with the amount of assistance dependent on the number of dependents residing in the affected home. In the past year, they have distributed 97 grants and 33 scholarships to eligible individuals. The fund's primary purpose is to provide support and alleviate some of the financial burden during challenging times, ensuring the well-being of these dedicated professionals and their families.
Official website here: www.icpof.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Star rating)
The Correctional Professionals Assistance Fund Of Indiana Inc has achieved a strong rating of 91%, reflecting its commitment to accountability and finance. This rating is derived entirely from its Accountability & Finance performance, showcasing a significant level of transparency and responsible financial management. The organization has received top scores in various categories, including having a fully independent board and no material diversion of assets.
Strengths of the organization include its independent board structure, with 12 members, all of whom are independent. The charity also demonstrates a strong commitment to ethics with policies in place for conflicts of interest and whistleblower protection. Additionally, the organization maintains a sound financial position, as indicated by a liabilities to assets ratio of 0.00%, showing it has no debts in relation to its assets.
One area where the organization could improve is its Program Expense Ratio, which stands at 65.22%. While this is a good ratio, there is potential for it to increase further to ensure a larger portion of its expenses are directed towards program services. Overall, the charity appears to be well-managed, with a robust governance structure and a clear focus on its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Correctional Professionals Assistance Fund Of Indiana Inc legitimate?
Correctional Professionals Assistance Fund Of Indiana Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Correctional Professionals Assistance Fund Of Indiana 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: $0
Professional Fundraising Fees: $7,290
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.icpof.org
What is the mission statement of Correctional Professionals Assistance Fund Of Indiana Inc?
The Correctional Professionals Assistance Fund of Indiana Inc's mission is centered around providing assistance to employees of the Indiana Department of Corrections who have experienced a serious loss due to a natural disaster or catastrophic accident. This assistance takes the form of emergency monetary grants and scholarships. The fund aims to offer financial aid based on the number of dependents residing in the affected family's home at the time of the loss. During a given year, the organization distributed 97 grants and 33 scholarships to eligible individuals.
Official website here: www.icpof.org
Who is the CEO of Correctional Professionals Assistance Fund Of Indiana Inc?
Mark Spratt is the Member of Correctional Professionals Assistance Fund Of Indiana Inc.
Official website here: www.icpof.org
What is the revenue of Correctional Professionals Assistance Fund Of Indiana Inc?
Correctional Professionals Assistance Fund Of Indiana Inc's revenue in 2023 was $456,120.
Official website here: www.icpof.org
Who are the executives of Correctional Professionals Assistance Fund Of Indiana Inc and what are their salaries?
There 12 volunteers at Correctional Professionals Assistance Fund Of Indiana Inc.
Here are 12 key members and their salaries:
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Official website here: www.icpof.org
Where can I find the form 990 for Correctional Professionals Assistance Fund Of Indiana Inc?
Correctional Professionals Assistance Fund Of Indiana Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.icpof.org
Learn more at the official website: www.icpof.org
Mission Statement of Correctional Professionals Assistance Fund Of Indiana Inc
The Correctional Professionals Assistance Fund of Indiana, Inc., is a charitable organization with a mission to extend aid to employees of the Indiana Department of Corrections who have experienced a significant loss due to a natural disaster or catastrophic accident. This nonprofit organization provides emergency financial assistance through monetary grants and scholarships to the affected employees or their immediate family members. The amount of the grant is determined by the number of dependents residing in the home at the time of the loss. Over the course of a year, the Correctional Professionals Assistance Fund of Indiana, Inc., distributed 97 grants and 33 scholarships to those in need.
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Impact
July, 2024
Correctional Professionals Assistance Fund Of Indiana Inc's impact is significant in providing emergency monetary grants and scholarships to Indiana Department of Corrections employees or their immediate family members who have suffered a serious loss due to a natural disaster or catastrophic accident. The organization has given out 97 grants and 33 scholarships during the year, supporting individuals facing difficult circumstances. Through this assistance, the fund helps alleviate financial burdens and offer support to those in need within the correctional profession.
This information is meant to be a general summary of Correctional Professionals Assistance Fund Of Indiana 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 2023.
- Investment Income: $296
- Gross Receipts: $549,166
Assets and Liabilities:
- Total Assets: $1,022,359
- Total Liabilities: $0
- Net Assets: $1,022,359
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Organization Details
Founding Year
2009
Phone
(317) 754-4185Principal Officer
Mark Spratt
Main Address
1110 S VESTAL DR, PLAINFIELD, IN, 46168
Website
www.icpof.orgNTEE Category
Code: P20 - Human services
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