Overview
What is Rockford Area Community Endowment?
Rockford Area Community Endowment is a local foundation established in 1964, situated in Rockford, Michigan. Its primary mission is to aid Rockford Area residents, businesses, government, and volunteer organizations in expanding opportunities within the community. They achieve this by funding various projects, contributing to the betterment of the local area. The foundation aims to foster growth and development within the community, working collaboratively with various sectors to enhance local prospects.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (73%)
The Rockford Area Community Endowment has received a two-star rating, indicating that it "Needs Improvement." While the organization excels in accountability and finance with a perfect score of 100%, there are several critical areas that require attention, particularly in transparency and governance practices.
The endowment boasts a fully independent board, which is a positive aspect as it demonstrates commitment to strong oversight. However, the organization scored poorly in key areas such as the absence of a conflict of interest policy, whistleblower policy, and documentation retention practices. Furthermore, it failed to provide essential documents on its website, which raises concerns about accessibility and transparency for stakeholders.
Overall, while the Rockford Area Community Endowment shows strengths in financial management and board independence, significant gaps in policy and transparency need to be addressed to improve its overall rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Rockford Area Community Endowment legitimate?
Rockford Area Community Endowment is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rockford Area Community Endowment 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 Rockford Area Community Endowment?
The Rockford Area Community Endowment, established in 1964, serves as a local foundation committed to assisting residents, businesses, government, and volunteer organizations in the expansion of opportunities within their community. Its mission is to support these entities by funding various projects, aiming to foster local growth and development. The organization's purpose is to contribute to the betterment of the community by providing resources and opportunities for sustainable progress.
Who is the CEO of Rockford Area Community Endowment?
Gordon Pickerd is the President of Rockford Area Community Endowment.
What is the revenue of Rockford Area Community Endowment?
Rockford Area Community Endowment's revenue in 2022 was $80,553.
Who are the executives of Rockford Area Community Endowment and what are their salaries?
There 25 volunteers at Rockford Area Community Endowment.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Rockford Area Community Endowment?
Rockford Area Community Endowment's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rockford Area Community Endowment
Rockford Area Community Endowment, established in 1964, is a local foundation committed to aiding Rockford Area residents, businesses, government, and volunteer organizations. Its mission is to expand opportunities locally by providing assistance. This foundation aims to empower these entities to make a positive impact in their community. By funding various projects, Rockford Area Community Endowment plays a crucial role in fostering growth and development within the community it serves.
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Impact
August, 2024
Rockford Area Community Endowment's impact is evident in its commitment to assisting Rockford Area residents, businesses, government, and volunteer organizations to expand opportunities locally. Through various funded projects, RACE has been actively working towards enhancing the community and fostering growth since its establishment in 1964. Their philanthropic efforts have directly contributed to the improvement and development of the Rockford area, making a lasting positive impact on the local population and organizations.
This information is meant to be a general summary of Rockford Area Community Endowment. 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: $14,633
- Gross Receipts: $80,553
Assets and Liabilities:
- Total Assets: $663,630
- Total Liabilities: $0
- Net Assets: $663,630
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Organization Details
Founding Year
1964
Principal Officer
Gordon Pickerd
Main Address
7 Monroe Street, Rockford, MI, 49341
NTEE Category
Code: T30 - Philanthropy
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