Overview
What is Community Foundation Of Union County Inc?
Community Foundation of Union County Inc, located at 126 North Main Street, Marysville, Ohio 43040, is a charitable organization that aids individuals and organizations in achieving their philanthropic objectives. The foundation serves as a catalyst for charitable giving, managing and distributing funds to benefit the residents of Union County, Ohio. By providing venture capital for innovative problem-solving and strengthening key community institutions, the foundation enables them to carry out their missions more effectively and independently. The organization's assets and activities support programs and projects that cater to the community's needs, acting as a vital resource for the betterment of Union County's citizens. With a team of four dedicated individuals, the Community Foundation of Union County Inc fosters a sense of community and philanthropic growth in the region.
Official website here: www.unioncountyfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Star rating)
The Community Foundation of Union County Inc has achieved a stellar 100% score, indicating exceptional performance in accountability and finance. This rating reflects the charity's commitment to transparency and effective management, with all board members being independent, which enhances governance. The organization has established robust financial oversight mechanisms, ensuring the responsible use of funds.
One of the significant strengths of this nonprofit is its high program expense ratio of 96.65%, suggesting that the vast majority of its expenditures directly support its mission. Additionally, the absence of material diversion of assets and a strong liabilities to assets ratio of 0.76% further demonstrate sound financial health and risk management practices.
While the data portrays a highly effective organization, it is essential for potential donors and stakeholders to continue monitoring its activities and impact. Maintaining such high standards of accountability will be crucial for ongoing trust and support from the community and contributors.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of Union County Inc legitimate?
Community Foundation Of Union County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of Union County 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: $123,285
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,756
For more financial information, click here
Official website here: www.unioncountyfoundation.org
What is the mission statement of Community Foundation Of Union County Inc?
The Community Foundation of Union County Inc serves as a charitable organization, assisting individuals and organizations in achieving their philanthropic objectives. Its primary function involves accumulating, investing, and distributing charitable funds to benefit the citizens of Union County, Ohio. The foundation supports programs and projects that respond to community needs, acting as a form of venture capital for creative problem-solving. By doing so, it strengthens key community institutions, enabling them to accomplish their missions more effectively and independently.
Official website here: www.unioncountyfoundation.org
Who is the CEO of Community Foundation Of Union County Inc?
Adam Hodnichak is the Exec. Direct of Community Foundation Of Union County Inc.
Official website here: www.unioncountyfoundation.org
What is the revenue of Community Foundation Of Union County Inc?
Community Foundation Of Union County Inc's revenue in 2022 was $2,170,714.
Official website here: www.unioncountyfoundation.org
Who are the executives of Community Foundation Of Union County Inc and what are their salaries?
The average compensation at Community Foundation Of Union County Inc during 2022 was $32,010. There are 4 employees at Community Foundation Of Union County Inc.
Here are 18 key members and their salaries:
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Official website here: www.unioncountyfoundation.org
Where can I find the form 990 for Community Foundation Of Union County Inc?
Community Foundation Of Union County Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.unioncountyfoundation.org
Learn more at the official website: www.unioncountyfoundation.org
Mission Statement of Community Foundation Of Union County Inc
Community Foundation of Union County Inc is a charitable organization dedicated to assisting individuals and organizations in achieving their charitable goals. Its mission is to facilitate the accumulation, investment, and distribution of charitable dollars, aiming to benefit the citizens of Union County. The foundation supports programs and projects that respond to community needs, acting as a form of venture capital for creative problem-solving and strengthening key community institutions. By doing so, it helps these institutions accomplish their missions more effectively and independently.
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Impact
October, 2024
Community Foundation of Union County Inc. has a significant impact on the region by helping individuals and organizations realize their charitable goals. By facilitating the accumulation, investment, and distribution of charitable funds, the foundation enhances the welfare of Union County's citizens.
Focusing on programs and projects that address community needs, it acts as a source of venture capital for innovative solutions and strengthens essential community institutions. This not only enables these organizations to fulfill their missions more effectively but also fosters a spirit of philanthropy and collaboration within the community. Through its efforts, the foundation empowers local initiatives and enhances quality of life in Union County.
This information is meant to be a general summary of Community Foundation Of Union County 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: $396,692
- Gross Receipts: $2,170,714
Assets and Liabilities:
- Total Assets: $17,837,867
- Total Liabilities: $147,393
- Net Assets: $17,690,474
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Organization Details
Founding Year
1993
Phone
(937) 642-9618Principal Officer
Adam Hodnichak
Main Address
126 NORTH MAIN STREET, MARYSVILLE, OH, 43040
NTEE Category
Code: T31 - Philanthropy
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