Overview
What is Western Indiana Community Foundation Inc?
Western Indiana Community Foundation Inc is a nonprofit organization situated in Covington, Indiana. Their primary mission is to improve their community by providing support for education, families, individuals, businesses, and nonprofit groups. They accomplish this by establishing funds within the foundation, where various assets can be contributed for charitable purposes. Grants are then awarded to community projects, nonprofit organizations, and students in need of scholarships. The foundation, with a team of four dedicated individuals, serves as a bridge between community members and worthy causes, aiming to make a positive impact on their local community.
Official website here: www.wicf-inc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 91% - Four-Star out of Four Star Rating
The Western Indiana Community Foundation Inc has received a commendable 91% score, reflecting its strong performance in accountability and finance. This high rating indicates that the organization demonstrates transparency and effective financial management, which is essential for building trust with donors and stakeholders.
Among its strengths, the foundation boasts a fully independent board, thorough financial oversight, and a robust set of policies to ensure ethical governance. These factors greatly contribute to its high accountability scores, particularly in areas such as material diversion of assets and the management of board meeting documentation.
However, while the organization scores well in several areas, its program expense ratio at 60.68% and fundraising efficiency at $0.01 suggest that there may be room for improvement in programmatic spending and fundraising strategies. Nonetheless, the overall financial health and governance practices of the foundation are strong, making it a reliable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Western Indiana Community Foundation Inc legitimate?
Western Indiana Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Western Indiana Community 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: $102,429
Professional Fundraising Fees: $0
Other Salaries and Wages: $71,582
For more financial information, click here
Official website here: www.wicf-inc.org
What is the mission statement of Western Indiana Community Foundation Inc?
The Western Indiana Community Foundation Inc's mission revolves around assisting in the betterment of the community. They encourage individuals, families, businesses, and nonprofit groups to set up funds within the foundation, contributing a variety of assets for charitable purposes. Grants are then distributed to community projects, nonprofit organizations, and students for educational scholarships. The organization plays a significant role in supporting community programs and scholarships for secondary education that require assistance from the entire community.
Official website here: www.wicf-inc.org
Who is the CEO of Western Indiana Community Foundation Inc?
Susan Reynolds is the President of Western Indiana Community Foundation Inc.
Official website here: www.wicf-inc.org
What is the revenue of Western Indiana Community Foundation Inc?
Western Indiana Community Foundation Inc's revenue in 2022 was $3,172,409.
Official website here: www.wicf-inc.org
Who are the executives of Western Indiana Community Foundation Inc and what are their salaries?
The average compensation at Western Indiana Community Foundation Inc during 2022 was $43,503. There are 4 employees and 10 volunteers at Western Indiana Community Foundation Inc.
Here are 8 key members and their salaries:
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- Other: $0
- Compensation: $102,429
- Related: $0
- Other: $0
Official website here: www.wicf-inc.org
Where can I find the form 990 for Western Indiana Community Foundation Inc?
Western Indiana Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wicf-inc.org
Learn more at the official website: www.wicf-inc.org
Mission Statement of Western Indiana Community Foundation Inc
Western Indiana Community Foundation Inc is committed to improving their community. They achieve this by facilitating the establishment of charitable funds by families, individuals, businesses, and nonprofit groups. Contributors can donate various assets to these funds, which are then utilized for charitable purposes. The foundation grants funds to community projects, nonprofit organizations, and students for educational scholarships. By doing so, Western Indiana Community Foundation Inc plays a significant role in supporting community programs and secondary education, ensuring that these sectors receive the necessary financial assistance they require.
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Impact
October, 2024
Western Indiana Community Foundation Inc significantly enhances the quality of life in Covington, Indiana, by fostering community engagement and supporting educational advancement. By creating opportunities for families, individuals, businesses, and groups to establish funds, the foundation ensures that various assets are channeled into meaningful charitable initiatives.
The foundation emphasizes the importance of education, offering scholarships that empower students in secondary education who may need financial assistance. This support not only promotes personal growth but also strengthens the community as a whole.
Through grants awarded to local projects and organizations, the foundation addresses diverse community needs, driving progress and improvement across various sectors. Its commitment to helping people improve their community creates a collaborative spirit, inspiring residents to invest in their own future and the well-being of their neighbors. The impact of Western Indiana Community Foundation Inc is profound, fostering a thriving, interconnected community dedicated to mutual support and upliftment.
This information is meant to be a general summary of Western Indiana Community 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: $733,505
- Program Service Revenue: $405,302
- Gross Receipts: $9,634,662
Assets and Liabilities:
- Total Assets: $31,699,703
- Total Liabilities: $474,791
- Net Assets: $31,224,912
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEE INCOME
Revenue
$389,280
PROGRAM INCOME
Revenue
$16,022
Organization Details
Founding Year
1990
Phone
(765) 793-0702Principal Officer
Susan Reynolds
Main Address
135 S STRINGTOWN RD PO BOX 175, COVINGTON, IN, 479320175
Website
www.wicf-inc.orgNTEE Category
Code: T31Z - Philanthropy
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