Overview
What is Spirit Of Construction Foundation Of Greater Cincinnati Inc?
The Spirit of Construction Foundation of Greater Cincinnati Inc is a nonprofit organization, headquartered in Fort Wright, Kentucky. Its primary mission is to support the local construction industry and raise awareness among students about career opportunities within this sector. To accomplish this, the foundation offers twelve annual scholarships worth $2,500 to college students, including military personnel, who are pursuing degrees relevant to the construction industry, such as project management, engineering, and architecture. The foundation's activities also include recognizing and celebrating notable achievements in the construction industry, funding civic, educational, and training initiatives, and promoting ventures that benefit the construction sector in the Greater Cincinnati region.
Official website here: www.spiritofconstruction.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 69%)
The Spirit Of Construction Foundation Of Greater Cincinnati Inc has received a two-star rating from Charity Navigator, indicating the need for improvement in several areas. While the organization demonstrates strengths such as 100% independent board members and a strong program expense ratio of 76.70%, which suggests that a significant portion of its funding goes directly to its programs, there are notable weaknesses that have impacted its overall score.
One of the major drawbacks is the absence of financial statements, which has led to a score of 0 out of 15 in that category. Additionally, the organization lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all scoring 0 out of 4 points. These omissions could raise concerns regarding transparency and accountability to stakeholders.
Despite these limitations, the foundation maintains a favorable liabilities to assets ratio of 0.00%, indicating sound financial health in terms of its obligations. The existence of documented board meeting minutes shows some level of governance, although the overall accountability framework could benefit from improvements to enhance trust and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Spirit Of Construction Foundation Of Greater Cincinnati Inc legitimate?
Spirit Of Construction Foundation Of Greater Cincinnati Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spirit Of Construction Foundation Of Greater Cincinnati 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.
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For more financial information, click here
Official website here: www.spiritofconstruction.org
What is the mission statement of Spirit Of Construction Foundation Of Greater Cincinnati Inc?
The Spirit of Construction Foundation of Greater Cincinnati Inc's mission is centered around supporting the local construction industry and raising awareness among students about careers in this sector. The foundation aims to recognize, celebrate, and evaluate the construction industry's significant contributions to the civic, aesthetic, and economic well-being of the community. This is achieved through activities such as honoring distinguished contractors and their accomplishments, promoting and funding civic, educational, and training ventures that benefit the construction industry. The foundation provides scholarships to undergraduate students, including military personnel, pursuing degrees that support the construction industry, such as project management, engineering, and architecture.
Official website here: www.spiritofconstruction.org
Who is the CEO of Spirit Of Construction Foundation Of Greater Cincinnati Inc?
Michele O'Rourke is the President of Spirit Of Construction Foundation Of Greater Cincinnati Inc.
Official website here: www.spiritofconstruction.org
What is the revenue of Spirit Of Construction Foundation Of Greater Cincinnati Inc?
Spirit Of Construction Foundation Of Greater Cincinnati Inc's revenue in 2022 was $1,021,062.
Official website here: www.spiritofconstruction.org
Who are the executives of Spirit Of Construction Foundation Of Greater Cincinnati Inc and what are their salaries?
There 50 volunteers at Spirit Of Construction Foundation Of Greater Cincinnati Inc.
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Official website here: www.spiritofconstruction.org
Where can I find the form 990 for Spirit Of Construction Foundation Of Greater Cincinnati Inc?
Spirit Of Construction Foundation Of Greater Cincinnati Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.spiritofconstruction.org
Learn more at the official website: www.spiritofconstruction.org
Mission Statement of Spirit Of Construction Foundation Of Greater Cincinnati Inc
The Spirit of Construction Foundation of Greater Cincinnati Inc is dedicated to supporting the local construction industry and raising awareness among students about potential careers in this field. Its mission encompasses recognizing, celebrating, and evaluating the construction industry's significant contributions to the civic, aesthetic, and economic well-being of the greater Cincinnati region. This is achieved through various activities, such as honoring distinguished contractors and their accomplishments, promoting, and funding civic, educational, and training ventures that benefit the construction sector. The foundation provides undergraduate scholarships to college students, including military personnel, who are pursuing degrees in fields that support the construction industry, such as project management, engineering, and architecture.
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Impact
October, 2024
The Spirit of Construction Foundation of Greater Cincinnati Inc enhances the local construction industry by raising awareness of career opportunities available within the field. By offering twelve $2,500 undergraduate scholarships to college students, including military personnel, the foundation supports individuals pursuing degrees in areas such as project management, engineering, and architecture.
In addition to educational support, the foundation plays a vital role in recognizing and celebrating the contributions of the construction industry to the Greater Cincinnati region. This recognition not only honors eminent contractors and their achievements but also promotes civic engagement and fosters educational and training initiatives that benefit the community. Through these efforts, the foundation significantly contributes to the civic, aesthetic, and economic well-being of the area, driving growth and improving the community as a whole.
This information is meant to be a general summary of Spirit Of Construction Foundation Of Greater Cincinnati 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.
- Gross Receipts: $1,326,570
Assets and Liabilities:
- Total Assets: $1,064,379
- Total Liabilities: $0
- Net Assets: $1,064,379
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Organization Details
Founding Year
1996
Phone
(513) 977-3133Principal Officer
Michele O'Rourke
Main Address
810 WRIGHTS SUMMIT PARKWAY 300, FORT WRIGHT, KY, 41011
Website
www.spiritofconstruction.orgNTEE Category
Code: S20 - Community improvement
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