Overview
What is Logan County Charitable & Education Foundationinc?
Logan County Charitable & Education Foundationinc is a nonprofit organization situated in Logan, West Virginia. Their primary mission is to bolster the local education community by granting scholarships to students who are pursuing further education and offering community grants to support various youth groups and organizations. By providing these financial aids, the foundation aims to foster educational growth and development within the community. The organization also rewards students with educational scholarships, demonstrating its commitment to nurturing young talent and investing in the future of Logan County.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating. This rating reflects an overall score derived entirely from the charity's Accountability & Finance metrics. The 71% score indicates that while the organization meets several financial standards, there is room for improvement in its overall operational evaluation.
Logan County Charitable & Education Foundation demonstrates a strong commitment to accountability, evidenced by having a fully independent board and no material diversion of assets. Additionally, the foundation showcases a high program expense ratio of 89.73%, indicating that a significant portion of its expenditures directly supports its mission and programs.
However, the overall Two-Star rating suggests that there may be underlying issues that could benefit from further scrutiny. While the foundation has effective financial practices in place, the single focus on Accountability & Finance scores means that other areas, such as impact measurement and transparency, may not be fully assessed. This could limit potential donors' understanding of the charity's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Logan County Charitable & Education Foundationinc legitimate?
Logan County Charitable & Education Foundationinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Logan County Charitable & Education Foundationinc 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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What is the mission statement of Logan County Charitable & Education Foundationinc?
The Logan County Charitable & Education Foundationinc is committed to supporting the local education community. They achieve this by offering grants and scholarships to students who are pursuing further education. Additionally, the foundation provides community grants to various youth groups and organizations. These grants aim to enhance opportunities for the youth in the community. The foundation's mission is to contribute to the educational growth and development of local students, thereby fostering a stronger and more prosperous community.
Who is the CEO of Logan County Charitable & Education Foundationinc?
Michael Hatfield is the Director of Logan County Charitable & Education Foundationinc.
What is the revenue of Logan County Charitable & Education Foundationinc?
Logan County Charitable & Education Foundationinc's revenue in 2022 was $672,074.
Who are the executives of Logan County Charitable & Education Foundationinc and what are their salaries?
There is 1 employee at Logan County Charitable & Education Foundationinc.
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Where can I find the form 990 for Logan County Charitable & Education Foundationinc?
Logan County Charitable & Education Foundationinc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Logan County Charitable & Education Foundationinc
Logan County Charitable & Education Foundationinc is committed to supporting the local education community. This nonprofit organization carries out its mission by providing grants and scholarships to students who are intending to continue their education. By offering these financial aids, the foundation aims to help motivated learners in their academic pursuits, ultimately contributing to the development of the community's human resources. Additionally, the foundation extends its support to various youth groups and organizations through community grants. These grants enable these organizations to carry out their activities, thereby benefiting young people in the local area. In essence, Logan County Charitable & Education Foundationinc plays a crucial role in fostering educational growth and development within the community.
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Impact
July, 2024
Logan County Charitable & Education Foundation has a significant impact on the local education community in Logan, WV. Through providing grants and scholarships to students who are pursuing further education, the foundation enables these individuals to achieve their academic goals and contribute positively to the community. Additionally, by offering community grants that support various youth groups and organizations, the foundation helps to foster a sense of community involvement and engagement among the local population. Overall, Logan County Charitable & Education Foundation's efforts are instrumental in promoting educational advancement and community improvement in the region.
This information is meant to be a general summary of Logan County Charitable & Education Foundationinc. 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: $302,314
- Gross Receipts: $672,074
Assets and Liabilities:
- Total Assets: $7,190,800
- Total Liabilities: $154
- Net Assets: $7,190,646
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Organization Details
Founding Year
1996
Phone
(304) 855-4574Principal Officer
Michael Hatfield
Main Address
PO BOX 1367, LOGAN, WV, 25601
NTEE Category
Code: S80 - Community improvement
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