Overview
What is Citizens Action Coalition Endowment Fund Inc?
Citizens Action Coalition Endowment Fund Inc is a nonprofit organization located in Indianapolis, Indiana. The primary function of this endowment fund is to manage and distribute funds as per the by-laws, directing the income to Citizens Action Coalition Inc. The endowment fund holds title to property, collects income from it, and then transfers the total amount, minus expenses, to Citizens Action Coalition Inc. This financial support aids the work and operations of the main organization.
Is Citizens Action Coalition Endowment Fund Inc legitimate?
Citizens Action Coalition Endowment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Citizens Action Coalition Endowment Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Citizens Action Coalition Endowment Fund Inc?
The Citizens Action Coalition Endowment Fund Inc's primary role is to manage a property portfolio. They collect income generated from these properties and subsequently transfer the majority of the earnings to Citizens Action Coalition Inc, after deducting any related expenses. The purpose of this financial flow is as per the Endowment Fund's bylaws, which dictate the disbursement of funds to Citizens Action Coalition Inc. In essence, the Endowment Fund serves as a financial resource for Citizens Action Coalition Inc.
Who is the CEO of Citizens Action Coalition Endowment Fund Inc?
Kerwin Olson is the Board Member of Citizens Action Coalition Endowment Fund Inc.
What is the revenue of Citizens Action Coalition Endowment Fund Inc?
Citizens Action Coalition Endowment Fund Inc's revenue in 2022 was $24,422.
Who are the executives of Citizens Action Coalition Endowment Fund Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Citizens Action Coalition Endowment Fund Inc?
Citizens Action Coalition Endowment Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Citizens Action Coalition Endowment Fund Inc
Citizens Action Coalition Endowment Fund Inc serves a unique role in its mission. Primarily, it holds title to property and collects income derived from these assets. This income is then channeled to Citizens Action Coalition, Inc., after deducting any associated expenses. This transfer of funds is in accordance with the Endowment Fund Bylaws, ensuring the smooth operation of the associated nonprofit organization. In essence, the Citizens Action Coalition Endowment Fund Inc acts as a financial intermediary, leveraging its property holdings and income generation to support the objectives of Citizens Action Coalition, Inc.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Citizens Action Coalition Endowment Fund Inc plays a vital role in supporting community improvement efforts by managing property assets that generate income. This income is systematically disbursed to the Citizens Action Coalition, Inc., ensuring that funds are available for crucial initiatives aimed at enhancing the community. By holding title to property and effectively collecting income, the Endowment Fund becomes a sustainable financial resource, allowing the Coalition to carry out its mission more effectively. The continuous flow of resources aids in various programs and projects that directly benefit the community and promote positive change in the Indianapolis area.
This information is meant to be a general summary of Citizens Action Coalition Endowment Fund 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: $24,422
- Gross Receipts: $24,422
Assets and Liabilities:
- Total Assets: $409,992
- Total Liabilities: $0
- Net Assets: $409,992
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1996
Phone
(317) 205-3535Principal Officer
Kerwin Olson
Main Address
1915 W 18TH ST, INDIANAPOLIS, IN, 46202
NTEE Category
Code: S47 - Community improvement
If you are a representative of Citizens Action Coalition Endowment Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.