Overview
What is Hudson Community Foundation?
Hudson Community Foundation is a community-focused nonprofit organization, situated in Hudson, Ohio. Established with the purpose of benefiting the local community, it engages in various programs and activities. The foundation extends financial aid to qualified organizations in Hudson, Ohio, through gifts, grants, and contributions. This philanthropic entity is dedicated to promoting simple, smart, and meaningful philanthropy, aiming to positively impact the lives of Hudson's residents. With a modest workforce of four individuals, the Hudson Community Foundation plays a significant role in supporting the community's welfare.
Official website here: www.myhcf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Stars)
The Hudson Community Foundation has received a high rating of 98% on Charity Navigator, reflecting its strong performance in various operational aspects. With an impressive Accountability & Finance Score of 97 and a perfect score of 100 in both Culture & Community and Leadership & Adaptability, the foundation demonstrates a solid commitment to transparency and effective governance. Its program expense ratio of 92.31% indicates that a significant portion of funds is directed towards its programs, showcasing its dedication to fulfilling its mission.
The foundation's financial health is also noteworthy, with a working capital ratio of 8.54 years and a fundraising efficiency ratio of just $0.01, highlighting its effective management of resources. The board is entirely independent, comprising 17 members, which enhances accountability and removes potential conflicts of interest. Furthermore, the foundation has established comprehensive policies such as conflict of interest and whistleblower protections, ensuring ethical operations and governance.
While the organization excels in various areas, the presence of a robust internal structure and commitment to leadership development is commendable. The foundation has demonstrated adaptability during external challenges, specifically due to the impact of COVID-19, showing resilience in its operations. Overall, Hudson Community Foundation stands out as a well-managed nonprofit with a clear focus on community engagement and financial responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is Hudson Community Foundation legitimate?
Hudson Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hudson Community 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: $94,836
Professional Fundraising Fees: $0
Other Salaries and Wages: $23,111
For more financial information, click here
Official website here: www.myhcf.org
What is the mission statement of Hudson Community Foundation?
The Hudson Community Foundation's mission is centered around promoting simple, intelligent, and meaningful philanthropy. As a community foundation, its activities are geared towards benefiting the community, providing financial aid through gifts, grants, and contributions to eligible organizations within the community. The foundation's primary goal is to empower individuals and organizations to make a positive impact in their community. It extends its support to various qualifying organizations, aiming to enhance the overall well-being and development of the community.
Official website here: www.myhcf.org
Who is the CEO of Hudson Community Foundation?
Jenesa Lukac is the Chairman of Hudson Community Foundation.
Official website here: www.myhcf.org
What is the revenue of Hudson Community Foundation?
Hudson Community Foundation's revenue in 2022 was $5,210,898.
Official website here: www.myhcf.org
Who are the executives of Hudson Community Foundation and what are their salaries?
The average compensation at Hudson Community Foundation during 2022 was $29,487. There are 4 employees at Hudson Community Foundation.
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- Compensation: $94,836
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Official website here: www.myhcf.org
Where can I find the form 990 for Hudson Community Foundation?
Hudson Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.myhcf.org
Learn more at the official website: www.myhcf.org
Mission Statement of Hudson Community Foundation
Hudson Community Foundation, as a community foundation, is committed to promoting simple, intelligent, and impactful philanthropy. Their mission is to engage in programs and activities that benefit the community of Hudson, Ohio, by providing financial aid through gifts, grants, and contributions to qualified organizations within the same community. By doing so, Hudson Community Foundation aims to empower the community and contribute to its development, enhancing the well-being of its residents.
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Impact
October, 2024
The Hudson Community Foundation plays a crucial role in enhancing the quality of life in Hudson, Ohio by facilitating meaningful philanthropy that directly benefits the community. Through its initiatives, the foundation empowers individuals and organizations to engage in smart giving, ensuring that financial aid is extended effectively to qualified local entities. By funding various programs and projects, the foundation strengthens community ties, promotes collaboration, and addresses pressing needs, thereby creating a positive impact on the lives of Hudson residents. Its commitment to organized philanthropy not only fosters a spirit of giving but also helps to build a sustainable and vibrant community.
This information is meant to be a general summary of Hudson Community 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: $508,825
- Gross Receipts: $5,247,665
Assets and Liabilities:
- Total Assets: $26,647,595
- Total Liabilities: $374,914
- Net Assets: $26,272,681
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Organization Details
Founding Year
2000
Phone
(330) 655-3580Principal Officer
Jenesa Lukac
Main Address
49 E MAIN ST PO BOX 944, HUDSON, OH, 44236
Website
www.myhcf.orgNTEE Category
Code: T31 - Philanthropy
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