Overview
What is Communities & Charities Inc?
Communities & Charities Inc is a nonprofit organization committed to channeling contributions and managing invested funds. Its primary role is to distribute these resources to the supported organizations. The organization's mission revolves around receiving donations, managing and investing these assets, and subsequently allocating them to the organizations it supports. In essence, Communities & Charities Inc serves as a bridge between donors and the organizations that require financial assistance, furthering their respective missions.
Is Communities & Charities Inc legitimate?
Communities & Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Communities & Charities 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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What is the mission statement of Communities & Charities Inc?
Communities & Charities Inc serves as a supporting organization. Its primary role is to collect contributions and manage and invest these funds. The organization's main objective is to then distribute these funds to the organizations it supports. In essence, Communities & Charities Inc functions as a bridge between donors and the organizations that require financial assistance. By doing so, it contributes to the overall mission and goals of these supported organizations.
Who is the CEO of Communities & Charities Inc?
Daniel T Fay is the President of Communities & Charities Inc.
What is the revenue of Communities & Charities Inc?
Communities & Charities Inc's revenue in 2022 was -$135,687.
Who are the executives of Communities & Charities Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Communities & Charities Inc?
Communities & Charities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Communities & Charities Inc
Communities & Charities Inc, as a supporting organization, is dedicated to collecting donations, overseeing these contributions, and investing the funds wisely. Its primary objective is to distribute these resources to the organizations it supports. By carrying out these functions, Communities & Charities Inc plays a crucial role in the financial sustenance of various nonprofit entities, enabling them to continue their vital work in the community. This organization serves as a financial intermediary, channeling resources from donors to the organizations that need them most, thereby contributing to the betterment of society as a whole.
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Impact
October, 2024
Communities & Charities Inc plays a vital role in supporting various organizations through strategic financial management and investment of contributions. By receiving and managing donated assets, the organization maximizes the potential of these resources, ensuring they are effectively utilized to make meaningful distributions to those in need. Located in Covington, KY, it directly impacts the community by empowering supported organizations, enhancing their capacity to serve others, and ultimately fostering a culture of philanthropy that benefits the wider society. Through its focused mission, Communities & Charities Inc ensures that contributions are not just received but also responsibly managed, enabling a sustained and scalable impact.
This information is meant to be a general summary of Communities & Charities 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.
Assets and Liabilities:
- Total Assets: $2,052,676
- Total Liabilities: $0
- Net Assets: $2,052,676
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Organization Details
Founding Year
1998
Phone
(859) 292-5500Principal Officer
Daniel T Fay
Main Address
100 E RIVERCENTER SUITE 1100, COVINGTON, KY, 41011
NTEE Category
Code: T31Z - Philanthropy
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