Overview
What is Tipton County Foundation Inc?
Tipton County Foundation Inc is a nonprofit organization located in Tipton, Indiana, specifically at 1020 WEST JEFFERSON. Established with charitable, educational, religious, and scientific purposes in mind, it is empowered to distribute funds to organizations that qualify as exempt under Section 501(C)(3) of the Internal Revenue Code. The foundation's activities primarily involve grant distributions to improve the community, supporting post-secondary institutions, and promoting adult literacy. With a modest workforce of five individuals, the foundation actively seeks to engage in lawful business activities that align with its charitable objectives, ensuring it remains dedicated to its mission.
Official website here: www.tiptoncf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Tipton County Foundation Inc has achieved an impressive 100% rating from Charity Navigator, indicating a strong commitment to accountability and financial transparency. This rating is derived from a perfect score in the Accountability & Finance category, showcasing the organization’s effective management practices and sound financial health. This level of transparency is crucial for building trust with donors and the community.
Strengths of the organization include a fully independent board, robust financial oversight mechanisms, and comprehensive policies that ensure ethical governance. The foundation has demonstrated excellence in its financial ratios, including a low liabilities-to-assets ratio and a high program expense ratio, which suggests that a significant portion of its funds are directed towards its charitable programs rather than administrative costs.
While the foundation shows strong performance metrics, the summary does not provide extensive insights into specific programs or impacts, leaving potential donors curious about the tangible outcomes of their contributions. Nonetheless, the high accountability score positions the Tipton County Foundation Inc as a trustworthy organization in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Tipton County Foundation Inc legitimate?
Tipton County Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tipton County 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: $121,458
Professional Fundraising Fees: $0
Other Salaries and Wages: $163,177
For more financial information, click here
Official website here: www.tiptoncf.org
What is the mission statement of Tipton County Foundation Inc?
The Tipton County Foundation Inc is established with a mission to serve charitable, religious, educational, and scientific purposes. It is authorized to administer and distribute property for these purposes, adhering to the terms of any charitable gifts, grants, devises, or bequests. The foundation operates under the guidelines of Section 501(C)(3) of the Internal Revenue Code and any subsequent federal tax code, ensuring that it distributes funds to qualified exempt organizations. Additionally, the foundation has the flexibility to conduct any lawful business that does not contradict its charitable purpose.
Official website here: www.tiptoncf.org
Who is the CEO of Tipton County Foundation Inc?
Jason Hare is the Chairman of Tipton County Foundation Inc.
Official website here: www.tiptoncf.org
What is the revenue of Tipton County Foundation Inc?
Tipton County Foundation Inc's revenue in 2022 was $2,422,266.
Official website here: www.tiptoncf.org
Who are the executives of Tipton County Foundation Inc and what are their salaries?
The average compensation at Tipton County Foundation Inc during 2022 was $56,927. There are 5 employees and 85 volunteers at Tipton County Foundation Inc.
Here are 14 key members and their salaries:
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Official website here: www.tiptoncf.org
Where can I find the form 990 for Tipton County Foundation Inc?
Tipton County Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tiptoncf.org
Learn more at the official website: www.tiptoncf.org
Mission Statement of Tipton County Foundation Inc
Tipton County Foundation Inc is a community-focused organization, established for charitable, religious, educational, and scientific purposes. Its mission is to distribute funds to organizations that fall under the exempt category of Section 501(C)(3) of the Internal Revenue Code, or corresponding sections of any subsequent federal tax code. The foundation is authorized to manage and distribute property in accordance with the terms of any charitable gift, grant, devise, or bequest, subject to any imposed legal limitations or restrictions and the provisions of its articles of incorporation and by-laws.
In pursuit of its charitable objectives, Tipton County Foundation Inc can engage in any lawful business activities, as long as they do not contradict the foundation being exclusively organized and operated for charitable purposes. The foundation's activities are guided by the purpose of empowering and supporting organizations that share its commitment to improving the community and addressing various social issues. By adhering to these principles, Tipton County Foundation Inc contributes to the betterment of the community, advancing its mission to enrich lives and promote positive change.
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Impact
October, 2024
Tipton County Foundation Inc significantly impacts the community by providing essential financial support to various local organizations. Through its grant-making activities, it fosters initiatives that enhance the overall betterment of Tipton, Indiana. The foundation actively promotes education by supporting post-secondary institutions that connect mentors with students of all ages, helping to guide the next generation towards academic and personal success. Furthermore, it places a strong emphasis on adult literacy initiatives, making strides to improve educational opportunities for the entire community. By focusing on charitable, religious, educational, and scientific purposes, the foundation ensures that its contributions are directed towards meaningful causes that qualify under IRS regulations, ultimately enriching the lives of those in Tipton County.
This information is meant to be a general summary of Tipton County 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: $2,118,809
- Gross Receipts: $3,274,923
Assets and Liabilities:
- Total Assets: $46,768,586
- Total Liabilities: $281,144
- Net Assets: $46,487,442
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Organization Details
Founding Year
1985
Phone
(765) 675-8480Principal Officer
Jason Hare
Main Address
1020 WEST JEFFERSON, TIPTON, IN, 46072
Website
www.tiptoncf.orgNTEE Category
Code: T31 - Philanthropy
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