Overview
What is Elsie I Stout And Clarence R Stout Memorial Foun?
The Elsie I Stout and Clarence R Stout Memorial Foundation is a charitable organization established according to the first codicil of Elsie I. Stout's last will and testament. Based in Mackinaw, Illinois, the foundation aims to support local community initiatives. As per the information provided, the foundation grants funds to organizations that align with its mission. While details about the specific activities and focus areas are not provided in the information, the foundation is organized with the purpose of providing charitable support to the Mackinaw community.
Official website here: www.mackinawstoutfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
The Elsie I Stout and Clarence R Stout Memorial Foundation has achieved a commendable score of 97%, reflecting its strong commitment to accountability and finance. This rating is based solely on its impressive performance in these areas, indicating that the foundation effectively manages its resources and maintains transparency.
One of the organization's notable strengths is its governance structure, with a board composed entirely of independent members, ensuring unbiased decision-making. Additionally, the foundation has demonstrated effective policies in place for conflict of interest, whistleblowing, and document retention, all of which contribute to its high accountability score.
Furthermore, the foundation's financial health is evident in its liabilities to assets ratio of 0.00% and a program expense ratio of 91.76%, indicating that a significant portion of its funding is directed toward its charitable programs. Overall, while the ratings suggest strong organizational practices, continuous monitoring and engagement with stakeholders will be essential for maintaining this high standard.
This AI summary has been generated from information found on Charity Navigator.
Is Elsie I Stout And Clarence R Stout Memorial Foun legitimate?
Elsie I Stout And Clarence R Stout Memorial Foun is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elsie I Stout And Clarence R Stout Memorial Foun 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
Official website here: www.mackinawstoutfoundation.org
What is the mission statement of Elsie I Stout And Clarence R Stout Memorial Foun?
The Elsie I Stout and Clarence R Stout Memorial Foundation was established based on the first codicil of Elsie I. Stout's last will and testament, with the purpose of providing charitable support to the Mackinaw community. The mission of this foundation involves granting funds to organizations that align with its supported causes, as detailed in the provided schedule. The exact nature of these causes or the specific activities of the foundation are not provided in the given information.
Official website here: www.mackinawstoutfoundation.org
Who is the CEO of Elsie I Stout And Clarence R Stout Memorial Foun?
Mark Mcgrath is the Director of Elsie I Stout And Clarence R Stout Memorial Foun.
Official website here: www.mackinawstoutfoundation.org
What is the revenue of Elsie I Stout And Clarence R Stout Memorial Foun?
Elsie I Stout And Clarence R Stout Memorial Foun's revenue in 2022 was $54,289.
Official website here: www.mackinawstoutfoundation.org
Who are the executives of Elsie I Stout And Clarence R Stout Memorial Foun and what are their salaries?
There 7 volunteers at Elsie I Stout And Clarence R Stout Memorial Foun.
Here are 5 key members and their salaries:
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Official website here: www.mackinawstoutfoundation.org
Where can I find the form 990 for Elsie I Stout And Clarence R Stout Memorial Foun?
Elsie I Stout And Clarence R Stout Memorial Foun's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mackinawstoutfoundation.org
Learn more at the official website: www.mackinawstoutfoundation.org
Mission Statement of Elsie I Stout And Clarence R Stout Memorial Foun
The Elsie I Stout and Clarence R Stout Memorial Foundation was established in accordance with the first codicil of Elsie I. Stout's last will and testament, with a mission to provide charitable support for the community of Mackinaw. This foundation, in line with its purpose, grants funds to organizations that align with its supported causes during the year. However, detailed information about the specific activities and initiatives undertaken by the foundation is not provided in the given data.
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Impact
October, 2024
The Elsie I Stout and Clarence R Stout Memorial Foundation has made a significant impact on the Mackinaw community through its philanthropic efforts. By providing grants to various organizations, the foundation supports a wide range of initiatives focused on education and community enrichment. Its funding has enabled local groups to enhance educational opportunities and implement programs that benefit residents of all ages. The foundation's commitment to honoring the legacy of Elsie I. Stout underscores its role as a vital resource for community development, fostering a spirit of giving, collaboration, and improvement within Mackinaw.
This information is meant to be a general summary of Elsie I Stout And Clarence R Stout Memorial Foun. 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: $54,289
- Gross Receipts: $337,056
Assets and Liabilities:
- Total Assets: $1,045,961
- Total Liabilities: $0
- Net Assets: $1,045,961
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Organization Details
Founding Year
2011
Principal Officer
Mark Mcgrath
Main Address
PO BOX 165, MACKINAW, IL, 61755
NTEE Category
Code: B12 - Education
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