Overview
What is Union County Foundation Inc?
Union County Foundation Inc, situated in Liberty, Indiana, serves as a charitable organization that aids donors in establishing and maintaining perpetual funds. Their primary mission is to address the evolving needs of the community within Union County, with the ultimate goal of improving the overall quality of life for its residents. The Foundation accomplishes this by disbursing grants and scholarships to local organizations and deserving students, utilizing earnings derived from endowed funds and contributions to these funds. With a workforce of six dedicated individuals, Union County Foundation Inc plays a significant role in enriching the community through charitable contributions.
Official website here: www.ucfoundationinc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star rating.
The Union County Foundation Inc has achieved a perfect score of 100% from Charity Navigator, indicating a high level of accountability and financial health. This rating is primarily based on their accountability and finance metrics, showcasing a robust governance structure and ethical practices. The organization boasts a fully independent board and has firmly established policies for conflict of interest, whistleblowing, and document retention, which contribute to its transparency and operational integrity.
Financially, the Union County Foundation exhibits strength with an impressive program expense ratio of 81.08%, indicating that a significant portion of its revenue is dedicated to its mission and programs. Additionally, their liabilities to assets ratio stands at a low 0.18%, reflecting strong financial stability and minimal risk. The foundation also maintains thorough oversight of its financial statements, with an established audit and oversight committee, further bolstering its credibility.
While the Union County Foundation displays exceptional ratings and governance practices, potential donors should consider its specific programs and initiatives to ensure alignment with their philanthropic goals. Overall, the foundation sets a solid example in nonprofit performance, indicating a commitment to responsible stewardship of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Union County Foundation Inc legitimate?
Union County Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Union County 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: $54,525
Professional Fundraising Fees: $0
Other Salaries and Wages: $55,456
For more financial information, click here
Official website here: www.ucfoundationinc.org
What is the mission statement of Union County Foundation Inc?
The Union County Foundation Inc's mission is centered around assisting donors in establishing and maintaining perpetual charitable funds. They strive to adapt to the evolving needs of their community, aiming to enhance the quality of life for its residents. The foundation achieves this by distributing grants and scholarships to local organizations and students, utilizing earnings from endowed funds and contributions to these funds.
Official website here: www.ucfoundationinc.org
Who is the CEO of Union County Foundation Inc?
Richard Worcester is the President of Union County Foundation Inc.
Official website here: www.ucfoundationinc.org
What is the revenue of Union County Foundation Inc?
Union County Foundation Inc's revenue in 2022 was $913,355.
Official website here: www.ucfoundationinc.org
Who are the executives of Union County Foundation Inc and what are their salaries?
The average compensation at Union County Foundation Inc during 2022 was $18,330. There are 6 employees and 20 volunteers at Union County Foundation Inc.
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- Compensation: $54,525
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Official website here: www.ucfoundationinc.org
Where can I find the form 990 for Union County Foundation Inc?
Union County Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ucfoundationinc.org
Learn more at the official website: www.ucfoundationinc.org
Mission Statement of Union County Foundation Inc
Union County Foundation Inc, a nonprofit organization, is dedicated to aiding donors in establishing and maintaining perpetual charitable funds. Its mission is multifaceted, encompassing three key objectives. Firstly, the foundation aims to adapt to the evolving needs of their community, ensuring that they can provide relevant support. Secondly, they strive to enhance the quality of life for the residents of Union County. Lastly, Union County Foundation Inc serves as a catalyst for community enrichment, working tirelessly to meet the changing needs of their community.
In fulfilling this mission, Union County Foundation Inc distributes grants and scholarships to local organizations and students. These funds are sourced from the earnings on endowed funds and contributions made to the foundation. By providing financial assistance, the foundation plays a crucial role in addressing various community issues and empowering local students through education. In essence, Union County Foundation Inc is a dedicated partner in the ongoing quest to uplift their community and improve the lives of its residents.
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Impact
October, 2024
Union County Foundation Inc plays a vital role in enhancing the quality of life for residents in Union County. By assisting donors in building and preserving perpetual charitable funds, the foundation ensures a continuous flow of resources to meet the evolving needs of the community. The earnings from these endowed funds are strategically allocated to local organizations and scholarships, directly benefiting students and various initiatives.
Through its efforts, the foundation not only addresses immediate community needs but also fosters long-term sustainability in philanthropy. By enriching the lives of residents through grants and scholarships, Union County Foundation Inc creates opportunities for growth, development, and overall community enhancement, solidifying its impact on the region as a catalyst for positive change.
This information is meant to be a general summary of Union County 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: $496,645
- Program Service Revenue: $127,316
- Gross Receipts: $1,528,866
Assets and Liabilities:
- Total Assets: $10,205,517
- Total Liabilities: $19,030
- Net Assets: $10,186,487
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$127,316
Organization Details
Founding Year
1989
Phone
(765) 458-7664Principal Officer
Richard Worcester
Main Address
404 EATON ST, LIBERTY, IN, 47353
Website
www.ucfoundationinc.orgNTEE Category
Code: T31I - Philanthropy
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