Overview
What is Wayne County Indiana Foundation Inc?
Wayne County Indiana Foundation Inc is a philanthropic organization situated in Richmond, Indiana, with a focus on community enhancement and improvement. The foundation administers 382 funds, supporting a varied array of organizations through grant programs. These grants cater to specific organizations, donor-directed initiatives, field-of-interest projects, and unrestricted activities. The grants aim to address identified human service needs, bolster cultural, social, historic, and educational endeavors, and promote broad-based community development. Leveraging Wayne County's vibrant network of non-profit organizations and service providers, these grants contribute significantly to enhancing community life and fostering a better quality of life for current and future generations. The organization's mission is to encourage private philanthropic giving, strengthen the spirit of community, and improve the overall wellbeing of the Wayne County, Indiana, area.
Official website here: www.waynecountyfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
The Wayne County Indiana Foundation Inc has achieved a perfect score of 100% in Accountability & Finance, resulting in a prestigious Four-Star rating from Charity Navigator. This high rating indicates the organization's commitment to transparency and effective financial management, showcasing its dedication to utilizing resources efficiently.
Strengths of the foundation include a fully independent board with 14 members and robust financial oversight mechanisms. The organization maintains strong financial health, with a low liabilities to assets ratio and a high program expense ratio, ensuring that a significant portion of its funds directly support its programs. The foundation also adheres to policies that promote accountability, such as conflict of interest and whistleblower policies.
While the data reflects exceptional financial practices and governance, potential limitations are not explicitly noted in the summary provided. However, a continual review of operational effectiveness and community impact could further strengthen the foundation's reputation and effectiveness in serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Wayne County Indiana Foundation Inc legitimate?
Wayne County Indiana Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wayne County Indiana Foundation 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: $209,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $250,996
For more financial information, click here
Official website here: www.waynecountyfoundation.org
What is the mission statement of Wayne County Indiana Foundation Inc?
The Wayne County Indiana Foundation Inc exists to encourage and foster private philanthropic giving, with the aim of enhancing community spirit and improving the quality of life in the Wayne County area. This is done now and for future generations. The foundation administers various funds to support the community, providing grants to a range of organizations for various purposes. These grants help enhance and improve community life, address human service needs, support cultural, social, historical, and educational endeavors, and encourage broad-based community development. The grants are leveraged through the vibrant community of not-for-profit organizations and service providers in Wayne County.
Official website here: www.waynecountyfoundation.org
Who is the CEO of Wayne County Indiana Foundation Inc?
Rebecca Gilliam is the Chair of Wayne County Indiana Foundation Inc.
Official website here: www.waynecountyfoundation.org
What is the revenue of Wayne County Indiana Foundation Inc?
Wayne County Indiana Foundation Inc's revenue in 2022 was $6,007,469.
Official website here: www.waynecountyfoundation.org
Who are the executives of Wayne County Indiana Foundation Inc and what are their salaries?
The average compensation at Wayne County Indiana Foundation Inc during 2022 was $57,500. There are 8 employees and 44 volunteers at Wayne County Indiana Foundation Inc.
Here are 16 key members and their salaries:
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- Compensation: $76,483
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- Compensation: $100,886
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- Other: $13,709
Official website here: www.waynecountyfoundation.org
Where can I find the form 990 for Wayne County Indiana Foundation Inc?
Wayne County Indiana Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.waynecountyfoundation.org
Learn more at the official website: www.waynecountyfoundation.org
Mission Statement of Wayne County Indiana Foundation Inc
The Wayne County Indiana Foundation Inc, as a philanthropic organization, is dedicated to fostering and encouraging private giving within its community. Its mission is geared towards enhancing the spirit of community and improving the quality of life for present and future generations in the Wayne County, Indiana, area. The foundation achieves this by administering a diverse range of funds, supporting organizations with both donor-directed and field-of-interest grants. These grants aim to enhance and improve community life, address human service needs, support cultural, social, historical, and educational endeavors, and promote broad-based community development. The foundation leverages these grants through Wayne County's robust network of not-for-profit organizations and service providers, ensuring that the contributions made have a significant impact on the community.
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Impact
October, 2024
Wayne County Indiana Foundation Inc significantly enhances the quality of life in the Wayne County area by fostering private philanthropic giving and strengthening community spirit. It administers 382 funds that support a diverse array of initiatives, from organizational grants to donor-directed contributions. These financial resources are pivotal in addressing human service needs, bolstering cultural, social, historical, and educational endeavors, and promoting community development.
Through strategic grantmaking, the Foundation empowers local nonprofits and service providers, enabling them to further enrich the community. This collaborative approach ensures that funding is effectively leveraged to meet both current needs and future aspirations, reinforcing a vibrant community fabric for generations to come.
This information is meant to be a general summary of Wayne County Indiana Foundation 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: $2,025,431
- Program Service Revenue: $671,125
- Gross Receipts: $9,137,614
Assets and Liabilities:
- Total Assets: $56,668,703
- Total Liabilities: $608,769
- Net Assets: $56,059,934
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$671,125
Organization Details
Founding Year
1978
Phone
(765) 962-1638Principal Officer
Rebecca Gilliam
Main Address
33 SOUTH 7TH STREET, RICHMOND, IN, 47374
NTEE Category
Code: T31 - Philanthropy
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