Overview
What is Franklin County Community Foundation Inc?
Franklin County Community Foundation Inc, situated in Brookville, Indiana, is a dedicated nonprofit organization with a mission to foster a culture of giving and community involvement. They accomplish this by distributing scholarships to local students and grants to schools, governmental units, and tax-exempt organizations within Franklin County. As of recent, they have awarded 57 scholarships to students and 81 grants to various entities. This foundation operates with a modest team of two individuals, demonstrating their commitment to positively impacting their community.
Official website here: www.franklincountyindiana.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Franklin County Community Foundation Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in Accountability and Finance. The organization scored 96% in this category, showcasing its commitment to transparency and responsible financial management. The high rating is primarily based on the foundation's robust governance practices and financial reporting.
One of the strengths of this nonprofit is its fully independent board, comprised of 15 members, which enhances its accountability and decision-making processes. Additionally, the charity has established comprehensive policies, including conflict of interest and whistleblower policies, which further strengthen its operational integrity. The foundation has demonstrated excellent financial health, with a liabilities to assets ratio of just 0.28% and nearly 93% of its expenses directed towards programs.
However, while the data highlights many organizational strengths, there is no detailed information provided about the specific programs or impact of the foundation's initiatives. This lack of information may leave potential donors or supporters curious about the foundation's direct contributions to the community it serves. Overall, Franklin County Community Foundation Inc stands out for its financial prudence and governance, making it a reliable choice for donors looking for transparency and responsible stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Franklin County Community Foundation Inc legitimate?
Franklin County Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Franklin 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: $54,637
Professional Fundraising Fees: $0
Other Salaries and Wages: $28,054
For more financial information, click here
Official website here: www.franklincountyindiana.com
What is the mission statement of Franklin County Community Foundation Inc?
The Franklin County Community Foundation Inc's mission is centered around fostering a spirit of generosity and giving back, aiming to enhance the well-being of Franklin County. They accomplish this by facilitating community grants and providing scholarships to local students. In the past year, they distributed scholarships to 57 students and grants to 81 schools, governmental units, and tax-exempt organizations. This foundation works towards promoting a culture of giving and community development in Franklin County.
Official website here: www.franklincountyindiana.com
Who is the CEO of Franklin County Community Foundation Inc?
Michelle Lunsford is the Treasurer of Franklin County Community Foundation Inc.
Official website here: www.franklincountyindiana.com
What is the revenue of Franklin County Community Foundation Inc?
Franklin County Community Foundation Inc's revenue in 2022 was $1,524,370.
Official website here: www.franklincountyindiana.com
Who are the executives of Franklin County Community Foundation Inc and what are their salaries?
The average compensation at Franklin County Community Foundation Inc during 2022 was $41,346. There are 2 employees and 28 volunteers at Franklin County Community Foundation Inc.
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- Compensation: $53,301
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Official website here: www.franklincountyindiana.com
Where can I find the form 990 for Franklin County Community Foundation Inc?
Franklin County Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.franklincountyindiana.com
Learn more at the official website: www.franklincountyindiana.com
Mission Statement of Franklin County Community Foundation Inc
Franklin County Community Foundation Inc, as per its mission, aims to foster and encourage a spirit of giving and giving back within the community, striving for betterment. The organization's primary objective is to nurture this sense of philanthropy and community involvement. To achieve this, Franklin County Community Foundation Inc distributes scholarships to deserving students and grants to various organizations, schools, governmental units, and tax-exempt entities within Franklin County. In the 2021 fiscal year, the foundation awarded 57 scholarships to students and 81 grants, demonstrating its commitment to supporting local education and community development projects.
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Impact
October, 2024
Franklin County Community Foundation Inc plays a crucial role in enhancing the quality of life in Franklin County through its commitment to philanthropy. By distributing 57 scholarships to students, it opens doors for educational opportunities, empowering local youth to pursue their academic goals. Additionally, the foundation has provided 81 grants to schools, governmental units, and tax-exempt organizations, supporting various projects and initiatives that directly benefit the community.
Through these efforts, the foundation nurtures a culture of giving and encourages residents to give back, creating a sustainable impact on the community's development and growth. Its initiatives not only fund essential services and programs but also inspire a collective spirit of generosity among residents, fostering a strengthened sense of community and belonging. Overall, the foundation’s work significantly contributes to the betterment of Franklin County, ensuring that both individuals and organizations can thrive.
This information is meant to be a general summary of Franklin 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: $390,611
- Gross Receipts: $1,849,608
Assets and Liabilities:
- Total Assets: $10,276,110
- Total Liabilities: $146,893
- Net Assets: $10,129,217
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Organization Details
Founding Year
1998
Phone
(765) 647-6810Principal Officer
Michelle Lunsford
Main Address
527 MAIN STREET, BROOKVILLE, IN, 47012
NTEE Category
Code: T31 - Philanthropy
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