Overview
What is Covington Community Chest?
Covington Community Chest is a nonprofit organization that serves as a vital link between donors and charitable organizations in the community. Funded by a family memorial trust, the Chest distributes these funds in response to requests from local organizations and the community, aiming to support, improve, and rebuild various projects and organizations within the area. Additionally, the Chest holds funds in trust for other local organizations, releasing them upon request to further their causes. Essentially, Covington Community Chest acts as a philanthropic intermediary, channeling resources to enhance the well-being of the community.
Is Covington Community Chest legitimate?
Covington Community Chest is a legitimate nonprofit organization registered as a 501(c)(3) entity. Covington Community Chest submitted a form 990EZ, 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.
What is the mission statement of Covington Community Chest?
The Covington Community Chest's mission involves distributing donations to charitable organizations. This is achieved through funds from a family memorial trust, which are approved by Chest Trustees. The community and area organizations can request these funds in response to their needs. Additionally, the Chest holds funds in trust for other local organizations, dispensing them as per these organizations' requests to support, enhance, and rebuild community projects or other charitable initiatives.
Who is the CEO of Covington Community Chest?
Heather Fraley is the Trustee of Covington Community Chest.
What is the revenue of Covington Community Chest?
Covington Community Chest's revenue in 2023 was $127,126.
Who are the executives of Covington Community Chest and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990EZ for Covington Community Chest?
Covington Community Chest's most recent form 990EZ was submitted in 2023 and can be accessed here.
Mission Statement of Covington Community Chest
Covington Community Chest is a nonprofit organization that plays a vital role in distributing donations to charitable bodies within the community. The funds are sourced from a family memorial trust, and the allocation of these resources is overseen by Chest Trustees. They respond to requests from the community and area organizations, ensuring that the donations are utilized effectively to support, enhance, and rebuild various charitable projects. In addition to this, Covington Community Chest also holds funds in trust for other local organizations. Upon their request, these funds are distributed to aid in their objectives and missions, contributing to the betterment of the community as a whole.
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Impact
October, 2024
Covington Community Chest has a significant impact on the local community by channeling resources to charitable organizations that address pressing needs and initiatives. By managing a family memorial trust, it ensures that donations are thoughtfully distributed to local projects that enhance the well-being of Covington residents. The trustees carefully evaluate requests from community members and organizations, allowing for targeted support where it is needed most.
Additionally, by holding funds in trust for other local organizations, Covington Community Chest plays a vital role in facilitating the growth and sustainability of various community projects. This collaborative approach not only helps in addressing immediate challenges but also fosters long-term improvements and development in the area. The Chest’s commitment to philanthropy strengthens community ties and promotes a shared sense of purpose, ultimately enhancing the quality of life for all residents in Covington.
This information is meant to be a general summary of Covington Community Chest. 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: $1,072
- Gross Receipts: $127,126
Assets and Liabilities:
- Total Assets: $221,360
- Total Liabilities: $61,260
- Net Assets: $160,100
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Organization Details
Phone
(937) 606-4650Principal Officer
Heather Fraley
Main Address
PO BOX 1, COVINGTON, OH, 45318
NTEE Category
Code: T700 - Philanthropy
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