Overview
What is Henry County Community Foundation Inc?
Henry County Community Foundation Inc, based in New Castle, Indiana, serves as a public trust, securing permanent funds for philanthropic purposes. Its mission is to address the community's most substantial needs and benefit its citizens, providing a platform for donors to utilize their gifts effectively, both now and in the future as circumstances evolve. In 2022, the foundation awarded 319 scholarships and granted funds to various not-for-profit organizations, focusing on areas such as arts/culture, education, health, environment, human services, community development, and youth. With a team of six dedicated individuals, the foundation commits to excellent stewardship of the gifts it receives, contributing significantly to the well-being of Henry County's community and citizens.
Official website here: www.henrycountycf.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 86%, Three-Star out of Four Star rating.
The Henry County Community Foundation Inc has garnered a solid rating of 86%, reflecting its commitment to accountability and financial health. With a high score of 93% in the Accountability & Finance category, the organization demonstrates strong governance practices, including 100% independent board members and a robust audit and oversight committee. This indicates a transparent and well-managed organization that adheres to high standards of financial integrity.
In addition to its financial strengths, the foundation excels in its Culture & Community score, achieving a perfect 100%. This suggests that the organization is effectively engaging with its community and actively seeks feedback, utilizing it to improve its programs and services. Their comprehensive policies on conflict of interest and whistleblowing further enhance their organizational culture, fostering trust among stakeholders.
However, one area of potential concern is the Program Expense Ratio, which stands at 61.29%. While this is not unusual for nonprofits, it indicates that a significant portion of resources could be allocated to programmatic activities. Addressing this could enhance their impact and effectiveness in serving the community. Overall, the foundation is positioned as a responsible and community-focused organization.
This AI summary has been generated from information found on Charity Navigator.
Is Henry County Community Foundation Inc legitimate?
Henry County Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Henry County Community Foundation 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: $90,207
Professional Fundraising Fees: $0
Other Salaries and Wages: $193,205
For more financial information, click here
Official website here: www.henrycountycf.org
What is the mission statement of Henry County Community Foundation Inc?
The Henry County Community Foundation, Inc. serves as a public trust, securing permanent funds for philanthropic purposes. Its mission is to aid in addressing the community's most significant needs, ensuring substantial benefits to its citizens. The foundation provides a vehicle for public-spirited donors to utilize their gifts effectively, both currently and in the future as circumstances evolve. Moreover, it is committed to providing excellent stewardship for the gifts it receives.
Official website here: www.henrycountycf.org
Who is the CEO of Henry County Community Foundation Inc?
Jennifer Fox is the Chair of Henry County Community Foundation Inc.
Official website here: www.henrycountycf.org
What is the revenue of Henry County Community Foundation Inc?
Henry County Community Foundation Inc's revenue in 2022 was $2,830,984.
Official website here: www.henrycountycf.org
Who are the executives of Henry County Community Foundation Inc and what are their salaries?
The average compensation at Henry County Community Foundation Inc during 2022 was $47,235. There are 6 employees and 80 volunteers at Henry County Community Foundation Inc.
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- Compensation: $90,121
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Official website here: www.henrycountycf.org
Where can I find the form 990 for Henry County Community Foundation Inc?
Henry County Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.henrycountycf.org
Learn more at the official website: www.henrycountycf.org
Mission Statement of Henry County Community Foundation Inc
The Henry County Community Foundation Inc, as a public trust, is dedicated to securing permanent funds for philanthropic purposes. Its mission is threefold: firstly, to assist in addressing the community's most significant needs, ensuring the greatest benefits to its citizens; secondly, to provide a platform for public-spirited donors to utilize their gifts effectively, both immediately and in response to future changes; and thirdly, to demonstrate exceptional stewardship over the gifts it receives. In essence, the Henry County Community Foundation Inc serves as a bridge between generous donors and the community's evolving needs, aiming to make the most substantial impact possible.
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Impact
October, 2024
Henry County Community Foundation Inc significantly impacts the local community by securing permanent funds for philanthropic purposes that address the most pressing needs. By empowering public-spirited donors, the foundation facilitates the effective use of these gifts, adapting to changing circumstances over time. In 2022 alone, it awarded 319 scholarships and provided grants to numerous nonprofit organizations. These grants support various initiatives, including arts and culture, education, health, environment, human services, community development, and youth programs. The foundation is committed to educating and celebrating community spirit, ensuring that the generosity of donors translates into substantial benefits for residents of Henry County. Through excellent stewardship, it builds a sustainable future for the community, enhancing the quality of life for its citizens.
This information is meant to be a general summary of Henry County Community Foundation 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: $622,573
- Program Service Revenue: $525,981
- Gross Receipts: $8,364,072
Assets and Liabilities:
- Total Assets: $49,096,211
- Total Liabilities: $1,408,853
- Net Assets: $47,687,358
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$525,981
Organization Details
Founding Year
1985
Phone
(765) 529-2235Principal Officer
Jennifer Fox
Main Address
PO BOX 6006, NEW CASTLE, IN, 473626006
Website
www.henrycountycf.orgNTEE Category
Code: T310 - Philanthropy
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