Overview
What is South Madison Community Foundation?
South Madison Community Foundation is a nonprofit organization situated in Pendleton, Indiana, with an address at 233 South Main Street. Their primary role involves managing grants, scholarships, and related expenses, adhering to donor restrictions or the stated purpose of endowed funds. The foundation's mission is to generate positive change and lasting impact within the South Madison County community. They achieve this by attracting charitable gifts and making philanthropic contributions in response to community needs, ultimately aiming to enhance the quality of life for local residents. The organization operates with a small team of five dedicated individuals.
Official website here: www.southmadisonfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating.
The South Madison Community Foundation has earned an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. With an overall score of 96%, the foundation demonstrates excellent practices in transparency and financial management, as measured by various key indicators. Its independent board, comprised entirely of 11 members, enhances the integrity of its governance.
The foundation's financial practices are noteworthy, with a program expense ratio of 70.80%, indicating that a significant majority of its resources are directed toward its mission-related programs. Additionally, the charity has maintained a clean record with no material diversion of assets and has established robust policies, such as a conflict of interest policy and a whistleblower policy, which contribute to its credibility and trustworthiness.
While the rating highlights the foundation's strengths, potential donors and stakeholders should continue to monitor its ongoing programs and community impact. Nevertheless, the strong financial management and governance structure suggest that the South Madison Community Foundation is a reliable organization for those looking to support community initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is South Madison Community Foundation legitimate?
South Madison Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Madison Community Foundation 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: $57,648
Professional Fundraising Fees: $0
Other Salaries and Wages: $48,008
For more financial information, click here
Official website here: www.southmadisonfoundation.org
What is the mission statement of South Madison Community Foundation?
The South Madison Community Foundation's mission is to instigate positive change and create lasting impact in the community, enhancing the quality of life for its residents. They achieve this by attracting charitable donations and making philanthropic gifts in response to identified community needs. The organization's activities primarily involve the administration of grants, scholarships, and related expenses, adhering to donor restrictions or the stated purpose of endowed funds.
Official website here: www.southmadisonfoundation.org
Who is the CEO of South Madison Community Foundation?
Tammy K Bowman is the Executive Director of South Madison Community Foundation.
Official website here: www.southmadisonfoundation.org
What is the revenue of South Madison Community Foundation?
South Madison Community Foundation's revenue in 2023 was $1,237,464.
Official website here: www.southmadisonfoundation.org
Who are the executives of South Madison Community Foundation and what are their salaries?
The average compensation at South Madison Community Foundation during 2023 was $21,131. There are 5 employees at South Madison Community Foundation.
Here are 12 key members and their salaries:
- Compensation: $57,648
- Related: $0
- Other: $2,883
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.southmadisonfoundation.org
Where can I find the form 990 for South Madison Community Foundation?
South Madison Community Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.southmadisonfoundation.org
Learn more at the official website: www.southmadisonfoundation.org
Mission Statement of South Madison Community Foundation
The South Madison Community Foundation is committed to fostering positive change and creating a lasting impact in its community. Its mission is to enhance the quality of life for the residents of South Madison County by attracting charitable gifts and making philanthropic contributions in response to community needs. This organization operates with a vision to produce significant and enduring improvements, ensuring that the community thrives and flourishes. In line with this mission, the South Madison Community Foundation administers grants, scholarships, and related expenses in accordance with donor restrictions or the stated purpose of endowed funds. This proactive approach allows the foundation to address various community needs effectively, ensuring that charitable gifts are used to bring about meaningful change.
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Impact
October, 2024
South Madison Community Foundation plays a crucial role in enhancing the quality of life for residents in the South Madison County community. By attracting charitable gifts and responding to local needs with philanthropic contributions, it fosters positive change and lasting impact in the area. The foundation diligently administers grants, scholarships, and other related expenses, ensuring that donor restrictions and the objectives of endowed funds are respected. This strategic approach not only supports individuals and initiatives in Pendleton, Indiana, but also reinforces a culture of giving, ultimately enriching the community as a whole.
This information is meant to be a general summary of South Madison Community Foundation. 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 2023.
- Investment Income: $256,347
- Gross Receipts: $3,044,075
Assets and Liabilities:
- Total Assets: $12,426,184
- Total Liabilities: $253,482
- Net Assets: $12,172,702
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Organization Details
Founding Year
1991
Phone
(765) 778-8444Principal Officer
Tammy K Bowman
Main Address
233 SOUTH MAIN STREET, PENDLETON, IN, 46064
NTEE Category
Code: T31I - Philanthropy
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