Overview
What is Owen County Community Foundation?
The Owen County Community Foundation is a dedicated nonprofit organization situated in Spencer, Indiana. With a mission to enhance the quality of life for all citizens of Owen County, it serves as a reliable resource for philanthropy. The foundation builds a permanent endowment, addresses needs through grantmaking, and offers leadership resources to serve the community. Its primary purpose is to provide grants and scholarships to charitable organizations in Owen County, aiming to make the community a better place to grow, work, and live. By offering scholarship grants to individuals, the foundation also contributes to elevating the level of educational attainment in the area. With a team of seven dedicated employees, the Owen County Community Foundation remains responsive to changing circumstances, ensuring the organizations it supports remain relevant and effective in their mission.
Official website here: www.owencountycf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Stars
The Owen County Community Foundation has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial transparency. This rating is based entirely on the organization's performance in the area of Accountability & Finance, reflecting strong practices in governance and financial management. The foundation has demonstrated excellence in several key metrics, including a 100% score for having an independent board and no material diversion of assets.
The organization exhibits robust oversight with a comprehensive audit and oversight committee and well-documented policies, such as conflict of interest and whistleblower policies. These practices contribute to a strong ethical framework and governance structure. Furthermore, the foundation maintains a favorable financial health indicator, with a liabilities to assets ratio of just 2.96%, ensuring that it operates within its means while still investing in its programs.
While the overall data paints a positive picture, it is important to note that the Four-Star rating reflects only the financial and accountability aspects. Additional information regarding program effectiveness or community impact would provide a more holistic view of the foundation's work, as no such metrics are included in the current evaluation. Overall, Owen County Community Foundation stands out for its commitment to financial integrity and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Owen County Community Foundation legitimate?
Owen County Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Owen County 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: $93,746
Professional Fundraising Fees: $0
Other Salaries and Wages: $170,713
For more financial information, click here
Official website here: www.owencountycf.org
What is the mission statement of Owen County Community Foundation?
The Owen County Community Foundation is dedicated to enhancing the quality of life for all citizens in the community, aiming for long-term improvements. It serves as a trusted resource for philanthropy, building a permanent endowment and addressing community needs through grantmaking. The foundation also matches donors with local needs in Owen County. The foundation's grant and scholarship programs provide support to charitable organizations in the community, helping them remain relevant and responsive to changing circumstances. Scholarship grants assist students in pursuing their academic goals, contributing to higher educational attainment in the community.
Official website here: www.owencountycf.org
Who is the CEO of Owen County Community Foundation?
Janet Rummel is the Board Member of Owen County Community Foundation. The CEO's salary of Owen County Community Foundation is $93,746 and their total compensation is $93,746.
Official website here: www.owencountycf.org
What is the revenue of Owen County Community Foundation?
Owen County Community Foundation's revenue in 2022 was $921,751.
Official website here: www.owencountycf.org
Who are the executives of Owen County Community Foundation and what are their salaries?
The average compensation at Owen County Community Foundation during 2022 was $37,780. There are 7 employees and 100 volunteers at Owen County Community Foundation.
Here are 16 key members and their salaries (Owen County Community Foundation's CEO's salary is $93,746 and their total compensation is $93,746):
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Official website here: www.owencountycf.org
Where can I find the form 990 for Owen County Community Foundation?
Owen County Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.owencountycf.org
Learn more at the official website: www.owencountycf.org
Mission Statement of Owen County Community Foundation
The Owen County Community Foundation is dedicated to improving the lives of all citizens in Owen County for generations to come. Acting as a reliable source of philanthropy, the foundation aims to build a permanent endowment, address pressing needs through grantmaking, and provide resources to foster leadership within the community. By matching donors with local needs, the foundation strives to contribute to the betterment of communities as places for growth, employment, and living.
In line with its mission, the foundation provides grants and scholarship awards to local organizations and individuals. These financial resources help charitable groups in Owen County to enhance the quality of life in their communities and remain adaptable to evolving circumstances. In addition, the foundation offers scholarship grants to students, enabling them to pursue their academic aspirations and thereby elevating the level of educational attainment in Owen County.
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Impact
October, 2024
The Owen County Community Foundation enhances the quality of life for all citizens of Owen County, ensuring a positive impact now and for future generations. It works diligently to build a permanent endowment that supports charitable initiatives through strategic grantmaking. By providing important leadership resources, the foundation addresses community needs effectively.
Through its scholarship programs, the foundation assists individuals in achieving their educational goals, thus raising the overall level of educational attainment in the region. This commitment not only strengthens organizations dedicated to charitable work but also helps make communities more vibrant and responsive to evolving circumstances. By matching donors with specific needs, the foundation fosters a collaborative environment for philanthropy, contributing significantly to the growth and well-being of Owen County.
This information is meant to be a general summary of Owen County 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 2022.
- Investment Income: $269,792
- Program Service Revenue: $12,618
- Gross Receipts: $11,994,370
Assets and Liabilities:
- Total Assets: $10,308,031
- Total Liabilities: $305,360
- Net Assets: $10,002,671
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$12,618
Organization Details
Founding Year
1994
Phone
(812) 829-1725Principal Officer
Janet Rummel
Main Address
PO BOX 503, SPENCER, IN, 47460
Website
www.owencountycf.orgNTEE Category
Code: T31 - Philanthropy
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