Overview
What is Community Foundation Of Boone County Inc?
Community Foundation of Boone County Inc, located at 102 N Lebanon ST 200, Lebanon, IN, functions as a philanthropic organization with a mission to foster unity among individuals, organizations, and philanthropy, ultimately aiming to establish a prosperous community for all. The foundation achieves this by disbursing grants derived from designated, donor-advised, field of interest, and unrestricted funds, primarily benefiting local nonprofit organizations, charitable causes, and scholarships. With around 6 employees, this nonprofit plays a vital role in Boone County by supporting various charitable initiatives and fostering community development.
Official website here: www.communityfoundationbc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 85%, Three-Star out of Four Star rating.
Community Foundation of Boone County Inc has received a solid Three-Star rating from Charity Navigator, indicating a fair level of accountability and finance management. With an 83% score in Accountability & Finance and a strong 91% in Culture & Community, the organization demonstrates robust governance practices, including a fully independent board and effective financial oversight. The charity excels in maintaining transparency and ethical standards, with policies such as conflict of interest and whistleblower protections in place.
Despite its strengths, there are areas where the organization could improve. The Program Expense Ratio is relatively low at 57.35%, suggesting that a smaller portion of their overall expenditures is allocated to program services compared to their total expenses. This could raise questions about the effectiveness of their fund utilization in relation to their mission. However, the foundation does have a commendable record for constituent feedback and engagement, scoring 100% in various feedback-related criteria, indicating a strong commitment to incorporating community input.
The foundation also shows a commitment to equity, with an Equity Strategies Score of 87. Although the data on equity policies and processes could be improved, the foundation is actively working on addressing challenges and enhancing inclusivity in its practices. Overall, the Community Foundation of Boone County Inc displays a positive trajectory in governance and community involvement, with opportunities for further improvements in program funding allocation.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of Boone County Inc legitimate?
Community Foundation Of Boone County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of Boone 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: $100,833
Professional Fundraising Fees: $0
Other Salaries and Wages: $244,070
For more financial information, click here
Official website here: www.communityfoundationbc.org
What is the mission statement of Community Foundation Of Boone County Inc?
The Community Foundation of Boone County Inc's mission is centered on bringing together individuals, organizations, and philanthropy to foster a prosperous community for all. Their primary objective is to unite these entities to create an environment where everyone can thrive. They accomplish this by distributing grants from designated, donor-advised, field of interest, and unrestricted funds, benefiting various not-for-profit organizations, charitable purposes, or scholarship programs. In essence, their goal is to leverage philanthropy to strengthen and uplift their community.
Official website here: www.communityfoundationbc.org
Who is the CEO of Community Foundation Of Boone County Inc?
Shawna Lake is the Chair of Community Foundation Of Boone County Inc.
Official website here: www.communityfoundationbc.org
What is the revenue of Community Foundation Of Boone County Inc?
Community Foundation Of Boone County Inc's revenue in 2022 was $2,715,110.
Official website here: www.communityfoundationbc.org
Who are the executives of Community Foundation Of Boone County Inc and what are their salaries?
The average compensation at Community Foundation Of Boone County Inc during 2022 was $57,484. There are 6 employees and 100 volunteers at Community Foundation Of Boone County Inc.
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Official website here: www.communityfoundationbc.org
Where can I find the form 990 for Community Foundation Of Boone County Inc?
Community Foundation Of Boone County Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.communityfoundationbc.org
Learn more at the official website: www.communityfoundationbc.org
Mission Statement of Community Foundation Of Boone County Inc
The Community Foundation of Boone County Inc is dedicated to bringing together individuals, organizations, and philanthropy with the goal of fostering a prosperous community for all. Their mission is multifaceted, aiming to unite various sectors to collectively work towards the betterment of their community. Through their grants, they support a variety of not-for-profit organizations, charitable causes, and scholarships, utilizing funds from designated, donor-advised, field of interest, and unrestricted sources. By doing so, the Community Foundation of Boone County Inc plays a crucial role in contributing to the community's well-being and development.
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Impact
October, 2024
Community Foundation of Boone County Inc significantly impacts the local community by fostering collaboration among individuals, organizations, and philanthropic efforts. Through the distribution of grants from designated, donor-advised, field of interest, and unrestricted funds, it supports a wide array of not-for-profit initiatives, charitable purposes, and scholarships. This proactive approach not only addresses immediate community needs but also invests in the long-term development and well-being of the area. By uniting various stakeholders, the foundation plays a crucial role in cultivating a thriving environment that benefits all residents of Boone County, Indiana.
This information is meant to be a general summary of Community Foundation Of Boone 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: $1,682,000
- Program Service Revenue: $470,433
- Gross Receipts: $11,479,006
Assets and Liabilities:
- Total Assets: $30,139,633
- Total Liabilities: $1,008,372
- Net Assets: $29,131,261
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$470,433
Organization Details
Founding Year
1991
Phone
(317) 873-0210Principal Officer
Shawna Lake
Main Address
102 N LEBANON ST 200, LEBANON, IN, 460522151
NTEE Category
Code: T31 - Philanthropy
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