Overview
What is Kuchan Foundation?
The Kuchan Foundation is a nonprofit organization, situated in Bloomington, Illinois, specifically at 202 N Center Street. Their primary mission is to support the construction costs, maintenance, upkeep, and related expenses of a community center in Hudson, Illinois. Beyond this, they also aim to fund various community activities and programs for the Hudson community, contributing to its overall well-being. This initiative shows their dedication to enhancing community life in Hudson.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
The Kuchan Foundation has received a commendable Four-Star rating from Charity Navigator, with an overall score of 94%. This rating highlights the organization's strong performance in the area of Accountability & Finance, which is critical for donors looking to assess the reliability and integrity of a nonprofit. The foundation excels in various categories, including a perfect score for independent board membership and a zero percent liabilities-to-assets ratio, indicating financial stability.
The Kuchan Foundation's governance structure is robust, featuring a board composed entirely of independent members, which enhances accountability. Additionally, the foundation has established comprehensive policies, including a conflict of interest policy and a whistleblower policy, both of which are vital for maintaining transparency and ethical practices. The commitment to document retention and sound financial management further reflects the foundation's dedication to responsible stewardship of resources.
While the foundation demonstrates exceptional financial management and accountability, the data does not provide specific details about its programmatic impact or community engagement. However, the strong financial indicators and governance practices suggest that it is well-positioned to fulfill its mission effectively. Overall, the Kuchan Foundation stands out as a trustworthy option for potential donors looking to support a nonprofit with high standards of accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Kuchan Foundation legitimate?
Kuchan Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kuchan 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
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What is the mission statement of Kuchan Foundation?
The Kuchan Foundation's mission is centered around raising funds for various community-related expenses. Specifically, it aims to cover the construction costs, maintenance, utilities, and associated expenses of a community center. Additionally, the foundation is committed to funding various community activities and programs, thereby contributing to the betterment of the community as a whole.
Who is the CEO of Kuchan Foundation?
Michael O'Grady is the President of Kuchan Foundation.
What is the revenue of Kuchan Foundation?
Kuchan Foundation's revenue in 2022 was $27,284.
Who are the executives of Kuchan Foundation and what are their salaries?
There 9 volunteers at Kuchan Foundation.
Here are 9 key members and their salaries:
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Where can I find the form 990 for Kuchan Foundation?
Kuchan Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kuchan Foundation
The Kuchan Foundation is committed to funding various expenses associated with a community center and community activities within a specific area. Its primary mission involves covering the construction costs, maintenance, upkeep, utilities, and related expenses for a community center. Beyond this, the foundation also supports various community initiatives and programs. By providing financial resources, the Kuchan Foundation aims to contribute positively to the well-being and engagement of the community it serves.
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Impact
October, 2024
Kuchan Foundation significantly impacts the Hudson community by funding the construction and ongoing maintenance of a vital community center. This center serves as a hub for local activities and programs, enhancing the quality of life for residents. By covering essential costs such as upkeep, maintenance, and utilities, the foundation ensures the community center remains a welcoming space for gatherings, educational programs, and recreational activities.
Additionally, the foundation plays a crucial role in supporting various community initiatives that promote engagement and social cohesion. Through its efforts, Kuchan Foundation fosters a sense of belonging, nurtures community spirit, and creates opportunities for residents to connect and thrive. The ongoing support of local programs ensures that the center can adapt to the changing needs of the Hudson community, ultimately contributing to its overall well-being and development.
This information is meant to be a general summary of Kuchan 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: $27,284
- Gross Receipts: $27,284
Assets and Liabilities:
- Total Assets: $529,172
- Total Liabilities: $0
- Net Assets: $529,172
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Organization Details
Phone
(309) 829-9486Principal Officer
Michael O'Grady
Main Address
202 N CENTER STREET, BLOOMINGTON, IL, 61701
NTEE Category
Code: W11 - Public benefit
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