Overview
What is Licking County Foundation Inc?
Licking County Foundation Inc is a public charitable organization located in Newark, Ohio. Established by caring individuals, businesses, and organizations, it aims to enhance the well-being of the people in Licking County. The foundation maintains and improves the educational, social, cultural, health, and civic resources of the community through grants to qualified charitable organizations. With a mission to better the quality of life for all citizens of Licking County, the foundation distributes earnings from permanent charitable assets to benefit the entire community. The organization currently employs eight individuals.
Official website here: www.thelcfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
Licking County Foundation Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance with a score of 95%. This high rating indicates that the organization adheres to best practices in transparency, governance, and financial management, which is essential for building trust with donors and the community.
The foundation boasts a fully independent board with 14 members, ensuring impartial oversight. It also excels in financial operations, with no material diversion of assets and a program expense ratio of 81.30%, meaning a significant portion of its resources is allocated directly to its mission-driven programs. Additionally, the organization maintains robust fiscal health, highlighted by a working capital ratio of 18.60 years and an impressive fundraising efficiency ratio.
While the organization exhibits many strengths, it is important for potential donors and stakeholders to remain engaged and informed about its ongoing initiatives. Overall, Licking County Foundation Inc stands out as a well-managed nonprofit with a strong commitment to accountability and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Licking County Foundation Inc legitimate?
Licking County Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Licking 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: $256,541
Professional Fundraising Fees: $0
Other Salaries and Wages: $223,966
For more financial information, click here
Official website here: www.thelcfoundation.org
What is the mission statement of Licking County Foundation Inc?
Licking County Foundation Inc is a charitable organization dedicated to enhancing the quality of life for all citizens in the community. Its mission is to distribute earnings from permanent assets to benefit the entire community. The diverse collection of funds given by caring individuals, businesses, and organizations is geared towards maintaining and improving educational, social, cultural, health, and civic resources. By supporting qualified charitable organizations, Licking County Foundation plays a vital role in sustaining the community's essential services and resources.
Official website here: www.thelcfoundation.org
Who is the CEO of Licking County Foundation Inc?
Constance J Hawk is the Chair of Licking County Foundation Inc.
Official website here: www.thelcfoundation.org
What is the revenue of Licking County Foundation Inc?
Licking County Foundation Inc's revenue in 2022 was $12,252,968.
Official website here: www.thelcfoundation.org
Who are the executives of Licking County Foundation Inc and what are their salaries?
The average compensation at Licking County Foundation Inc during 2022 was $60,063. There are 8 employees and 129 volunteers at Licking County Foundation Inc.
Here are 16 key members and their salaries:
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- Compensation: $155,593
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- Compensation: $86,494
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- Other: $5,209
Official website here: www.thelcfoundation.org
Where can I find the form 990 for Licking County Foundation Inc?
Licking County Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thelcfoundation.org
Learn more at the official website: www.thelcfoundation.org
Mission Statement of Licking County Foundation Inc
Licking County Foundation, a public charitable organization, is dedicated to enhancing the quality of life for all citizens of Licking County. Established through the generous contributions of caring individuals, businesses, and organizations, the Foundation's mission is to distribute earnings from permanent charitable assets for the benefit of the entire community.
In simple terms, Licking County Foundation serves as a bridge between donors and the community, channeling resources to qualified charitable organizations that maintain and enhance educational, social, cultural, health, and civic resources in the region. By supporting these organizations, the Foundation ensures that Licking County continues to thrive and provide opportunities for its residents to live well.
The diverse collection of funds within the Foundation is a testament to the shared concern for the well-being of Licking County's people. Through distributions from these funds, the Foundation strengthens the community's resources, touching various aspects of life for the citizens. The Foundation's commitment to Licking County extends beyond monetary support, as it fosters partnerships and collaborations that encourage growth and development in the community. This dedication to improving the lives of Licking County citizens makes Licking County Foundation an indispensable part of the region's social fabric.
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Impact
October, 2024
Licking County Foundation Inc significantly enhances the quality of life for all citizens in Licking County by supporting a diverse range of educational, social, cultural, health, and civic resources. Through the contributions from individuals, businesses, and organizations, the Foundation aggregates funds dedicated to the well-being of the community.
By strategically distributing earnings from its permanent charitable assets, the Foundation ensures that its impact is felt across various sectors. This support not only uplifts qualified charitable organizations but also fosters a collaborative environment where community needs are met and addressed. The Foundation's mission ultimately revolves around making a positive, lasting change in Newark and beyond, focusing on inclusive social improvement and community well-being.
This information is meant to be a general summary of Licking 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: $4,332,264
- Program Service Revenue: $31,752
- Gross Receipts: $18,003,164
Assets and Liabilities:
- Total Assets: $127,535,526
- Total Liabilities: $12,170,399
- Net Assets: $115,365,127
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REAL ESTATE REVENUE
Revenue
$31,752
Organization Details
Founding Year
1956
Phone
(740) 349-3863Principal Officer
Constance J Hawk
Main Address
30 N 2ND STREET, NEWARK, OH, 430584212
Website
www.thelcfoundation.orgNTEE Category
Code: T30 - Philanthropy
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