Overview
What is We Care Of Kokomo Inc?
We Care Of Kokomo Inc is a charitable organization, based in the community of Kokomo. Their primary mission is to support local charities by allocating funds from charity auctions. These funds are distributed to organizations serving needy families during the holiday season and providing essential equipment that may be inaccessible due to budget limitations. Their initiatives involve purchasing items and covering associated costs for these charity auctions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75%, Three-Star out of Four Stars
We Care Of Kokomo Inc has achieved a Three-Star rating due to its solid performance in accountability and finance, with a score of 75%. This rating is reflective of the organization's commitment to maintaining strong financial practices and transparency in operations. Notably, the charity has a high program expense ratio of 95.01%, indicating that most of its funds are directed towards its programs rather than administrative costs.
The organization boasts an entirely independent board, contributing to its governance strength, with all 8 board members functioning without conflicts of interest. The charity also has a robust document retention policy, and it maintains meticulous records of board meeting minutes, further demonstrating its dedication to accountability and good management practices.
While the overall financial health appears stable, stakeholders should continuously monitor the organization's performance to ensure it maintains these standards. The absence of any material diversion of assets and a favorable liabilities to assets ratio of 0.00% underscores its fiscal responsibility, but ongoing support and engagement from the community will be essential for its continued success.
This AI summary has been generated from information found on Charity Navigator.
Is We Care Of Kokomo Inc legitimate?
We Care Of Kokomo Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. We Care Of Kokomo 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of We Care Of Kokomo Inc?
We Care Of Kokomo Inc is a charitable organization that dedicates its efforts to funding local charities. Its primary mission is to provide financial assistance to needy families during the Christmas season and to cover the costs of necessary equipment that are not otherwise obtainable due to budget constraints. The organization accomplishes this through charitable auctions, with the proceeds being distributed to the selected charities. We Care Of Kokomo Inc also supports its programs by covering the expenses associated with the items sold at these auctions.
Who is the CEO of We Care Of Kokomo Inc?
Rebecca Varnell is the President of We Care Of Kokomo Inc.
What is the revenue of We Care Of Kokomo Inc?
We Care Of Kokomo Inc's revenue in 2022 was $763,160.
Who are the executives of We Care Of Kokomo Inc and what are their salaries?
There 1000 volunteers at We Care Of Kokomo Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for We Care Of Kokomo Inc?
We Care Of Kokomo Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of We Care Of Kokomo Inc
We Care of Kokomo is a charitable organization that is dedicated to supporting local communities by providing funds to various charities. Its mission is to alleviate the financial burdens of needy families during the holiday season and to procure necessary equipment that might be unattainable due to budget constraints. We Care of Kokomo achieves its objectives through the organization of charitable auctions, where proceeds are subsequently distributed among the chosen charities. The organization's programs encompass the acquisition of items and the covering of associated costs related to the charity auctions. In essence, We Care of Kokomo serves as a vital source of financial aid for local charities, ensuring that they can continue their essential work in the community.
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Impact
October, 2024
We Care of Kokomo Inc significantly impacts the local community by providing essential funding to various charities that support needy families, especially during the Christmas season. By distributing auction proceeds, the organization ensures that resources are allocated where they are needed most, helping to alleviate financial burdens for local families.
Through its programs, We Care of Kokomo focuses on acquiring necessary equipment and items that are often beyond the budgetary reach of local charities. This support enables these organizations to enhance their services and meet the needs of the community more effectively. The collective efforts contribute to a stronger, more resilient community in Kokomo, IN, where families facing challenges can find assistance and hope during difficult times.
This information is meant to be a general summary of We Care Of Kokomo 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: $242,057
- Program Service Revenue: $471,017
- Gross Receipts: $763,160
Assets and Liabilities:
- Total Assets: $5,894,283
- Total Liabilities: $0
- Net Assets: $5,894,283
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CHARITABLE AUCTION PROCEEDS
Revenue
$471,017
Organization Details
Founding Year
1973
Phone
(765) 459-4191Principal Officer
Rebecca Varnell
Main Address
P O BOX 507, KOKOMO, IN, 469030507
NTEE Category
Code: P58Z - Human services
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