Overview
What is Knox County Foundation?
The Knox County Foundation is a 5-employee strong nonprofit organization situated in Mount Vernon, Ohio. Their primary mission is to enhance the well-being of Knox County by encouraging thoughtful philanthropy. They function as a bridge for diverse donors, facilitating their charitable contributions towards community activities. The Foundation proactively identifies and addresses evolving community needs in sectors such as education, youth services, recreation, arts and culture, social services, and civic, economic, and community development. Additionally, they strive to build a lasting endowment for the community, serving as a catalyst for the launch of essential projects. The Foundation awards grants to eligible non-profits, either following the board's approval or based on donor recommendations, to support their charitable objectives or address community necessities.
Official website here: www.knoxcf.org
What are the reviews and ratings of this charity?
95% rating from Charity Navigator indicates that Knox County Foundation has achieved a Four-Star out of Four Star rating, reflecting strong performance in Accountability and Finance. The organization excels in maintaining a high level of transparency and responsible financial management, as evidenced by its perfect scores in multiple key areas, including an independent board and the absence of asset diversion.
The foundation's financial ratios further highlight its effectiveness, with a program expense ratio of 90.88%, showing that a significant majority of funds are directed towards its programs. Additionally, the fundraising efficiency ratio indicates that it incurs minimal costs in raising funds, which enhances the overall sustainability of its operations.
Overall, the Knox County Foundation demonstrates a robust governance structure and effective financial practices. There are no noted limitations, and its strong performance metrics suggest that it is well-managed and committed to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Knox County Foundation legitimate?
Knox County Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Knox County Foundation 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: $226,430
Professional Fundraising Fees: $0
Other Salaries and Wages: $103,863
For more financial information, click here
Official website here: www.knoxcf.org
What is the mission statement of Knox County Foundation?
The Knox County Foundation's mission is centered around enhancing the quality of life in the community. It serves as a platform for diverse donors, allowing them to contribute to charitable and community activities. Recognizing the dynamic nature of community needs, the foundation is committed to identifying and addressing emerging requirements in various sectors such as education, youth services, recreation, arts and culture, social services, civic, economic, and community development. The foundation also aims to establish a perpetual endowment for the community, acting as a catalyst for initiating crucial projects that contribute to the community's growth and development.
Official website here: www.knoxcf.org
Who is the CEO of Knox County Foundation?
Marc Odenweller is the Executive Dir. of Knox County Foundation.
Official website here: www.knoxcf.org
What is the revenue of Knox County Foundation?
Knox County Foundation's revenue in 2022 was $5,789,310.
Official website here: www.knoxcf.org
Who are the executives of Knox County Foundation and what are their salaries?
The average compensation at Knox County Foundation during 2022 was $66,059. There are 5 employees and 25 volunteers at Knox County Foundation.
Here are 16 key members and their salaries:
- Compensation: $130,000
- Related: $0
- Other: $7,800
- Compensation: $96,430
- Related: $0
- Other: $5,786
- Compensation: $0
- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.knoxcf.org
Where can I find the form 990 for Knox County Foundation?
Knox County Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.knoxcf.org
Learn more at the official website: www.knoxcf.org
Mission Statement of Knox County Foundation
The Knox County Foundation, as a nonprofit organization, is committed to enhancing the overall livability of Knox County. It serves as a platform for individuals with diverse philanthropic interests to contribute to charitable endeavors and community projects. This organization is dedicated to identifying and addressing the evolving needs of the community in sectors such as education, youth services, recreation, arts and culture, social services, civic, economic, and community development. Beyond this, the Knox County Foundation aims to establish a perpetual endowment for the community, thereby acting as a catalyst for the launch of essential initiatives.
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Impact
October, 2024
The Knox County Foundation significantly enhances the quality of life in Knox County through strategic charitable giving. By connecting donors with opportunities to support a wide range of community activities, the foundation addresses vital needs in education, youth services, recreation, arts and culture, social services, and economic development.
Through grant-making, the foundation plays a crucial role in funding initiatives that respond to both donor preferences and pressing community issues. This ensures that resources are allocated effectively to enhance the community’s welfare. The foundation also focuses on developing a permanent endowment, which acts as a sustainability measure for ongoing community support and projects.
By assessing and responding to the evolving needs of the community, the Knox County Foundation serves as a catalyst for impactful initiatives, fostering collaboration between various stakeholders and ensuring that all voices are considered in the development of vital projects. Overall, its work significantly enriches the social fabric of Knox County, benefiting residents across multiple dimensions of life.
This information is meant to be a general summary of Knox County Foundation. 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: $2,462,771
- Program Service Revenue: $138,577
- Gross Receipts: $26,948,504
Assets and Liabilities:
- Total Assets: $88,930,244
- Total Liabilities: $14,984,380
- Net Assets: $73,945,864
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Admin Fee - Agency Endow
Revenue
$138,577
Organization Details
Founding Year
2002
Phone
(740) 392-3270Principal Officer
Marc Odenweller
Main Address
101 E Gambier Street, Mount Vernon, OH, 43050
Website
www.knoxcf.orgNTEE Category
Code: T31 - Philanthropy
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