Overview
What is Coshocton Foundation?
The Coshocton Foundation serves as a community-focused nonprofit organization, situated in Coshocton, Ohio. They distribute grants from both unrestricted and temporarily restricted funds, totaling 1,161,231. In addition to these grants, the foundation awards scholarships valued at 188,550. The organization's expenditures are primarily allocated to program services, youth and adult leadership support activities, and other allocated costs. As a community foundation, the Coshocton Foundation plays an integral role in supporting various initiatives within its local community.
Official website here: www.coshoctonfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Stars)
The Coshocton Foundation has earned a commendable Four-Star rating from Charity Navigator, reflecting strong accountability and financial health. The organization scores 90% in its Accountability & Finance beacon, indicating a robust commitment to transparent financial practices and governance. Notably, it boasts a fully independent board, excellent audit oversight, and no material diversion of assets, all contributing to its high rating.
One significant strength of the foundation is its impressive program expense ratio of 90.96%, demonstrating that a substantial portion of its resources is directed towards fulfilling its mission. Additionally, the organization maintains a low liabilities-to-assets ratio, suggesting financial stability. Its lengthy working capital of 9.53 years further indicates sound financial management.
However, the foundation does have a limitation in its fundraising efficiency, scoring zero in this area due to a high cost of fundraising relative to dollars raised. Additionally, the absence of a whistleblower policy may raise concerns regarding internal accountability measures. Despite these limitations, the overall financial health and governance structure of the Coshocton Foundation remain strong.
This AI summary has been generated from information found on Charity Navigator.
Is Coshocton Foundation legitimate?
Coshocton Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Coshocton 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: $70,555
Professional Fundraising Fees: $0
Other Salaries and Wages: $136,438
For more financial information, click here
Official website here: www.coshoctonfoundation.org
What is the mission statement of Coshocton Foundation?
The Coshocton Foundation serves as a community foundation, dedicating its efforts towards supporting various initiatives. It disburses grants from its unrestricted and temporarily restricted funds, totaling approximately 1.2 million dollars. Additionally, the foundation awards scholarships worth around 188,550 dollars. The organization's expenses are primarily allocated to program services, youth and adult leadership support activities.
Official website here: www.coshoctonfoundation.org
Who is the CEO of Coshocton Foundation?
Robert W Pell is the Executive Director of Coshocton Foundation.
Official website here: www.coshoctonfoundation.org
What is the revenue of Coshocton Foundation?
Coshocton Foundation's revenue in 2022 was $5,772,965.
Official website here: www.coshoctonfoundation.org
Who are the executives of Coshocton Foundation and what are their salaries?
The average compensation at Coshocton Foundation during 2022 was $41,399. There are 5 employees at Coshocton Foundation.
Here are 4 key members and their salaries:
- Compensation: $70,555
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.coshoctonfoundation.org
Where can I find the form 990 for Coshocton Foundation?
Coshocton Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.coshoctonfoundation.org
Learn more at the official website: www.coshoctonfoundation.org
Mission Statement of Coshocton Foundation
The Coshocton Foundation serves as a community foundation, dedicating its efforts to supporting various initiatives within its sphere. Through its operations, the organization dispenses grants totalling 385,000 from its unrestricted fund, and an additional 773,231 from its temporarily restricted funds. These grants contribute to a wide range of projects, aiming to foster growth and development within the community. Furthermore, the Coshocton Foundation awards scholarships worth 188,550 to deserving individuals, aiming to empower the next generation. The foundation's activities extend beyond financial support, as it also invests in youth and adult leadership programs, and covers allocated costs. In summary, the Coshocton Foundation plays a crucial role in strengthening its community, providing financial aid, fostering leadership, and supporting the education of its residents.
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Impact
October, 2024
The Coshocton Foundation significantly impacts the community through substantial financial support for various initiatives. By granting $385,000 from its unrestricted fund and an additional $773,231 from temporarily restricted funds, the foundation fosters development in diverse areas beneficial to the Coshocton area. Furthermore, the foundation enhances educational opportunities by awarding $188,550 in scholarships, empowering local youth to pursue their academic goals.
Its funding focuses on program services and leadership development for both youth and adults, ensuring support for community improvement and growth. This dedicated financial support helps address critical needs and drives positive change in Coshocton, reinforcing its commitment to enhancing the quality of life for residents.
This information is meant to be a general summary of Coshocton 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: $3,731,892
- Gross Receipts: $14,287,701
Assets and Liabilities:
- Total Assets: $40,717,869
- Total Liabilities: $1,646,790
- Net Assets: $39,071,079
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Organization Details
Founding Year
1966
Phone
(740) 622-0010Principal Officer
Robert W Pell
Main Address
PO BOX 55, COSHOCTON, OH, 43812
Website
www.coshoctonfoundation.orgNTEE Category
Code: S20Z - Community improvement
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