Overview
What is Heritage Fund - The Community Foundation Of Bartholomew County Inc?
Heritage Fund, established as The Community Foundation of Bartholomew County Inc, is a local nonprofit organization based in Columbus, Indiana. With a mission to better the community, the foundation is dedicated to the responsible stewardship of charitable donations. It functions as a catalyst for positive change by promoting leadership and addressing community issues. The Foundation serves as a hub for philanthropy within Bartholomew County, managing grants totaling over $500,000 annually in the areas of opportunity, positive change, community investment, and organizational excellence. The organization also administers scholarships for high school seniors and acts as a fiscal sponsor for various community projects. The Heritage Fund's board consists of 28 community leaders, and its staff of six professionals is supported by over 50 volunteers.
Official website here: www.heritagefundbc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Heritage Fund - The Community Foundation of Bartholomew County Inc has achieved an outstanding Four-Star rating from Charity Navigator, reflecting its exemplary accountability and financial management. The organization demonstrates a strong commitment to transparency, with a fully independent board and well-structured financial oversight, which is crucial for building trust within the community it serves.
The significant strengths of Heritage Fund include a high program expense ratio of 89.36%, indicating that a large portion of its funding goes directly to its programs. Additionally, the organization exhibits remarkable fundraising efficiency, with only $0.04 needed to raise a dollar, showcasing its effectiveness in utilizing resources. The organization also maintains minimal liabilities, ensuring long-term financial stability with a working capital ratio that suggests sustainability over 14 years.
Despite its strengths, users should remain aware that the evaluation is based solely on accountability and finance metrics. While this focus provides a solid foundation for trust in the organization, potential donors and stakeholders may want to explore other aspects such as program impact and community feedback to gain a comprehensive understanding of the charity's overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Heritage Fund - The Community Foundation Of Bartholomew County Inc legitimate?
Heritage Fund - The Community Foundation Of Bartholomew County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Heritage Fund - The Community Foundation Of Bartholomew County 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: $193,325
Professional Fundraising Fees: $0
Other Salaries and Wages: $428,536
For more financial information, click here
Official website here: www.heritagefundbc.org
What is the mission statement of Heritage Fund - The Community Foundation Of Bartholomew County Inc?
The Heritage Fund, established as a community foundation, is dedicated to several key objectives. Primarily, it aims to responsibly manage donated funds for charitable purposes. The organization also focuses on developing community leaders to address local issues. As a catalyst for positive change, it collaborates with partners to bring about improvement. Moreover, the Heritage Fund promotes philanthropy within the community, encouraging the spirit of giving. Each year, the foundation manages over $500,000 in unresticted grants in various areas such as opportunity, positive change, community investment, and organizational excellence. The Heritage Fund is the primary administrator for high school seniors' scholarships and acts as a fiscal sponsor for essential community projects. The board consists of 28 community leaders, and the foundation employs six professionals with the support of over 50 volunteers.
Official website here: www.heritagefundbc.org
Who is the CEO of Heritage Fund - The Community Foundation Of Bartholomew County Inc?
Tracy Souza is the Director of Heritage Fund - The Community Foundation Of Bartholomew County Inc. The CEO's salary of Heritage Fund - The Community Foundation Of Bartholomew County Inc is $185,000 and their total compensation is $193,325.
Official website here: www.heritagefundbc.org
What is the revenue of Heritage Fund - The Community Foundation Of Bartholomew County Inc?
Heritage Fund - The Community Foundation Of Bartholomew County Inc's revenue in 2022 was $14,883,686.
Official website here: www.heritagefundbc.org
Who are the executives of Heritage Fund - The Community Foundation Of Bartholomew County Inc and what are their salaries?
The average compensation at Heritage Fund - The Community Foundation Of Bartholomew County Inc during 2022 was $62,186. There are 10 employees and 75 volunteers at Heritage Fund - The Community Foundation Of Bartholomew County Inc.
Here are 28 key members and their salaries (Heritage Fund - The Community Foundation Of Bartholomew County Inc's CEO's salary is $185,000 and their total compensation is $193,325):
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Official website here: www.heritagefundbc.org
Where can I find the form 990 for Heritage Fund - The Community Foundation Of Bartholomew County Inc?
Heritage Fund - The Community Foundation Of Bartholomew County Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.heritagefundbc.org
Learn more at the official website: www.heritagefundbc.org
Mission Statement of Heritage Fund - The Community Foundation Of Bartholomew County Inc
Heritage Fund - The Community Foundation of Bartholomew County is a nonprofit organization dedicated to bettering the community through various charitable initiatives. The foundation exists to provide responsible stewardship of donated funds, develop leadership to address community issues, serve as a catalyst for positive change, and promote philanthropy within the community.
In practice, Heritage Fund manages over $500,000 in unresticted grants annually in areas such as opportunity, positive change, community investment, and organizational excellence. They are also the key administrator of scholarships for high school seniors in the county and conduct the annual selection process for two Lilly Scholarships. Additionally, they serve as fiscal sponsor for important community projects and support a broad variety of charitable purposes through various funds.
The Heritage Fund Board, composed of 28 community leaders, oversees the foundation's operations. Six professionals and over 50 volunteers contribute their expertise to development, grants, outreach, finance and audit, investment, and scholarship committees. By providing essential resources and support, Heritage Fund plays a vital role in fostering positive change and building a stronger community.
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Impact
October, 2024
Heritage Fund - The Community Foundation of Bartholomew County Inc plays a transformative role in the local community by fostering philanthropy and addressing critical community challenges. By acting as a responsible steward of the charitable gifts it receives, the foundation ensures that these resources are utilized effectively for broad charitable purposes.
Every year, Heritage Fund manages over $500,000 in unrestricted funds through a competitive grants process. This financial support impacts various areas, including opportunity enhancement, community investment, and organizational excellence. The foundation prioritizes positive change through partnerships with local organizations and initiatives, facilitating collaborative efforts that uplift the community.
Furthermore, Heritage Fund is dedicated to supporting youth through its scholarship programs, managing the annual selection process for scholarships for high school seniors, including two prestigious Lilly Scholarships. This commitment to education empowers students and contributes to building a skilled future workforce.
The foundation also serves as a fiscal sponsor for significant community projects, such as the construction of The Commons and Landmark Columbus, which celebrate the region's design heritage and foster public engagement.
By employing six professionals and leveraging the commitment of over 50 volunteers, Heritage Fund not only drives local philanthropy but also cultivates leadership within the community, ensuring that pressing issues are addressed collaboratively and effectively. Through its multifaceted approach, Heritage Fund significantly contributes to the well-being and advancement of Bartholomew County.
This information is meant to be a general summary of Heritage Fund - The Community Foundation Of Bartholomew County 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: $3,919,678
- Gross Receipts: $22,736,665
Assets and Liabilities:
- Total Assets: $88,643,891
- Total Liabilities: $11,257,288
- Net Assets: $77,386,603
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Organization Details
Founding Year
1976
Phone
(812) 376-7772Principal Officer
Tracy Souza
Main Address
538 FRANKLIN ST, COLUMBUS, IN, 472021547
Website
www.heritagefundbc.orgNTEE Category
Code: T310 - Philanthropy
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