Overview
What is Whitley County Community Foundation Inc?
Whitley County Community Foundation Inc is a local nonprofit organization based in Columbia City, Indiana, specifically at 400 N Whitley ST. Their primary mission is to inspire philanthropy, enrich the community, and serve donors by establishing an enduring source of charitable assets. One of their significant initiatives involves providing scholarships to students aiming to pursue post-secondary education. These scholarships aim to assist with expenses related to tuition, fees, and textbooks. The foundation hopes that by offering financial aid, they can help increase the percentage of adults in Whitley County with a four-year degree, which currently stands at 13.3%. As of now, the organization employs 6 individuals in their work towards this goal.
Official website here: www.cfwhitley.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 100%, Four-Star out of Four Star rating.
The Whitley County Community Foundation Inc has achieved a perfect score of 100%, indicating exceptional standards in accountability and finance. This high rating reflects the organization's commitment to transparency, with 100% of its board members being independent and having robust policies in place for oversight, conflict of interest, and whistleblower protections.
The foundation demonstrates strong financial health, with a program expense ratio of over 70%, signifying that a substantial portion of its funds is directed towards its mission-driven activities. Additionally, the organization exhibits excellent fundraising efficiency, with a minimal cost of just $0.03 to raise a dollar, showcasing effective resource management and dedication to maximizing impact.
Overall, the foundation's commitment to strong governance and financial stewardship is evident through its comprehensive policies and favorable financial ratios. There are no noted limitations in the available data, reinforcing the organization's positive reputation in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Whitley County Community Foundation Inc legitimate?
Whitley County Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Whitley County 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: $102,948
Professional Fundraising Fees: $0
Other Salaries and Wages: $204,507
For more financial information, click here
Official website here: www.cfwhitley.org
What is the mission statement of Whitley County Community Foundation Inc?
The Whitley County Community Foundation Inc's mission is to inspire philanthropy, enrich the community, and serve donors by establishing a lasting source of charitable assets. This organization aims to achieve this by motivating individuals and organizations to donate towards various causes, ultimately enhancing the community's well-being. One of their key initiatives is providing scholarships to students seeking post-secondary education. These scholarships help cover expenses such as tuition, fees, and books, with the hope of increasing the percentage of adults in Whitley County with a four-year degree, which currently stands at 13.3%.
Official website here: www.cfwhitley.org
Who is the CEO of Whitley County Community Foundation Inc?
September Mcconnell is the President of Whitley County Community Foundation Inc.
Official website here: www.cfwhitley.org
What is the revenue of Whitley County Community Foundation Inc?
Whitley County Community Foundation Inc's revenue in 2022 was $4,410,402.
Official website here: www.cfwhitley.org
Who are the executives of Whitley County Community Foundation Inc and what are their salaries?
The average compensation at Whitley County Community Foundation Inc during 2022 was $51,242. There are 6 employees and 50 volunteers at Whitley County Community Foundation Inc.
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Official website here: www.cfwhitley.org
Where can I find the form 990 for Whitley County Community Foundation Inc?
Whitley County Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfwhitley.org
Learn more at the official website: www.cfwhitley.org
Mission Statement of Whitley County Community Foundation Inc
The Whitley County Community Foundation Inc is committed to inspiring philanthropy, enriching the community, and serving donors by establishing a lasting source of charitable assets. Their mission is to achieve this by encouraging charitable giving, contributing to the betterment of the community, and catering to the philanthropic desires of donors. One of their key initiatives involves providing scholarships to students aiming to pursue post-secondary education. These scholarships cover expenses related to tuition, fees, and textbooks. The foundation hopes that by offering financial assistance, they can help increase the percentage of Whitley County residents holding a four-year degree, which currently stands at 13.3%. By supporting education beyond high school, the Whitley County Community Foundation Inc aims to contribute to the overall improvement of the community.
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Impact
October, 2024
Whitley County Community Foundation Inc plays a vital role in inspiring philanthropy and enriching the local community. By creating enduring sources of charitable assets, the foundation directly impacts the lives of residents through various initiatives aimed at fostering education and community growth.
A key focus of the foundation is providing scholarships for students pursuing post-secondary education. This initiative addresses a significant gap in educational attainment, as only 13.3% of adults over twenty-five years of age in Whitley County hold a four-year degree. The scholarships aim to alleviate financial barriers related to tuition, fees, and books, ultimately encouraging more individuals to seek higher education. By investing in the education of its citizens, the foundation is working to improve this statistic over time, contributing to a more educated workforce and community.
Through these efforts, the Whitley County Community Foundation Inc is not only enhancing individual lives but also fostering a culture of philanthropy and collaboration within the community, ensuring its long-term growth and sustainability.
This information is meant to be a general summary of Whitley County 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: $846,554
- Program Service Revenue: $429,791
- Gross Receipts: $5,686,855
Assets and Liabilities:
- Total Assets: $35,049,716
- Total Liabilities: $659,758
- Net Assets: $34,389,958
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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
$429,791
Organization Details
Founding Year
1991
Phone
(260) 244-5224Principal Officer
September Mcconnell
Main Address
400 N WHITLEY ST, COLUMBIA CITY, IN, 46725
Website
www.cfwhitley.orgNTEE Category
Code: T310 - Philanthropy
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