Overview
What is Northern Indiana Community Foundation Inc?
Northern Indiana Community Foundation Inc is a dedicated nonprofit organization, situated in Rochester, Indiana. Their primary mission is to enhance the quality of life in their communities by facilitating donors in realizing their charitable aspirations perpetually. In 2021, they awarded 195 scholarships and granted funds to various local not-for-profits, supporting causes ranging from arts and culture to education, health, environment, human services, community development, and youth. The foundation's activities encompass educating, communicating, and celebrating community spirit, making it an integral part of their locality. With a team of 11 dedicated individuals, Northern Indiana Community Foundation Inc plays a significant role in shaping a better future for their communities.
Official website here: www.nicf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star rating) from Charity Navigator.
The Northern Indiana Community Foundation Inc has demonstrated a high level of accountability and financial management, achieving a score of 94% in this category. This impressive rating reflects the foundation's commitment to transparency and responsible stewardship of resources, as evidenced by its independent board composition and robust oversight protocols.
The foundation excels in several key areas, such as having a fully independent board and a solid financial statements oversight committee. Additionally, they have no reported material diversion of assets and maintain low liabilities relative to their assets, indicating financial stability. The organization’s fundraising efficiency is commendable, highlighting effective use of donations towards their programs.
However, while the program expense ratio stands at 64.87%, indicating that a significant portion of funds is directed towards programs, there may be room for improvement in this area to enhance the overall impact of their services. Overall, the Northern Indiana Community Foundation has established itself as a trustworthy organization with strong financial practices.
This AI summary has been generated from information found on Charity Navigator.
Is Northern Indiana Community Foundation Inc legitimate?
Northern Indiana Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northern 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: $129,994
Professional Fundraising Fees: $0
Other Salaries and Wages: $376,265
For more financial information, click here
Official website here: www.nicf.org
What is the mission statement of Northern Indiana Community Foundation Inc?
The Northern Indiana Community Foundation Inc's mission is centered around enhancing the quality of life in various communities. They accomplish this by assisting donors in realizing their charitable aspirations permanently. The foundation is committed to promoting community spirit through the generosity of its donors. In 2021, they awarded 195 scholarships and granted funds to numerous not-for-profits, with the primary objectives being in areas such as arts/culture, education, health, environment, human services, community development, and youth.
Official website here: www.nicf.org
Who is the CEO of Northern Indiana Community Foundation Inc?
Jay Albright is the Executive Di of Northern Indiana Community Foundation Inc.
Official website here: www.nicf.org
What is the revenue of Northern Indiana Community Foundation Inc?
Northern Indiana Community Foundation Inc's revenue in 2022 was $6,578,634.
Official website here: www.nicf.org
Who are the executives of Northern Indiana Community Foundation Inc and what are their salaries?
The average compensation at Northern Indiana Community Foundation Inc during 2022 was $46,024. There are 11 employees and 180 volunteers at Northern Indiana Community Foundation Inc.
Here are 16 key members and their salaries:
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Official website here: www.nicf.org
Where can I find the form 990 for Northern Indiana Community Foundation Inc?
Northern Indiana Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nicf.org
Learn more at the official website: www.nicf.org
Mission Statement of Northern Indiana Community Foundation Inc
Northern Indiana Community Foundation Inc is committed to enhancing the quality of life in various communities by facilitating donors in realizing their charitable aspirations permanently. This mission is achieved by educating, communicating, and celebrating the spirit of generosity that exists within the donor base. In 2021, the foundation awarded 195 scholarships and granted funds to numerous non-profit organizations. These grants primarily focused on sectors such as arts and culture, education, health, environment, human services, community development, and youth. Through these initiatives, Northern Indiana Community Foundation Inc seeks to contribute positively to the communities it serves, ensuring a lasting impact for generations to come.
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Impact
October, 2024
Northern Indiana Community Foundation Inc plays a vital role in enhancing the quality of life across its communities by facilitating philanthropic efforts tailored to the charitable aspirations of its donors. In 2021, the Foundation awarded 195 scholarships, empowering students to pursue their educational goals, while also providing grants to various not-for-profit organizations. These grants support a wide range of sectors, including arts and culture, education, health, the environment, human services, community development, and youth initiatives. Through its commitment to education, communication, and celebrating community spirit, the Foundation fosters a culture of generosity that significantly enriches the lives of individuals and families in the region.
This information is meant to be a general summary of Northern 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: $2,239,158
- Program Service Revenue: $897,980
- Gross Receipts: $16,213,251
Assets and Liabilities:
- Total Assets: $57,996,369
- Total Liabilities: $4,025,275
- Net Assets: $53,971,094
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEES
Revenue
$897,980
Organization Details
Founding Year
1993
Phone
(574) 223-2227Principal Officer
Jay Albright
Main Address
PO BOX 807, ROCHESTER, IN, 46975
Website
www.nicf.orgNTEE Category
Code: T31 - Philanthropy
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