Overview
What is Dearborn Community Foundation Inc?
Dearborn Community Foundation Inc, located at 322 Walnut Street, Lawrenceburg, IN 47025, is a local nonprofit organization dedicated to enhancing the quality of life in Dearborn County. They achieve this by serving as a bridge between individuals who care about the community and causes that require support. The foundation focuses on advancing cultural, educational, and social opportunities while preserving Dearborn County's heritage. By doing so, they help donors create a lasting legacy in the community. The organization has been active in this mission, awarding 315 grants and scholarships to local non-profits and students respectively, with a workforce of 4 individuals.
Official website here: www.dearborncf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Dearborn Community Foundation Inc has achieved an impressive Four-Star rating on Charity Navigator, indicating a strong commitment to accountability and finance. This high score reflects a well-managed organization with no material diversions of assets, suggesting that funds are utilized effectively for their intended purposes. The foundation scored perfectly in several categories, highlighting its thorough governance practices and adherence to transparency.
One key strength of the foundation is its independent board governance, with 100% independent members, which promotes unbiased decision-making and a focus on the organization's mission. Additionally, the foundation demonstrates a strong financial health with a low liabilities to assets ratio of 34.08% and a program expense ratio of 88.49%, evidencing that a large portion of its resources are directed towards its programs and services.
While the organization has demonstrated exemplary financial practices, like any nonprofit, it may face challenges related to community engagement and expanding its outreach efforts. Continued focus on building relationships and demonstrating impact within the community will be vital for sustaining its positive reputation and effectiveness in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Dearborn Community Foundation Inc legitimate?
Dearborn Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dearborn 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: $113,052
Professional Fundraising Fees: $0
Other Salaries and Wages: $95,401
For more financial information, click here
Official website here: www.dearborncf.org
What is the mission statement of Dearborn Community Foundation Inc?
The Dearborn Community Foundation Inc serves as a bridge between individuals with a passion for community improvement and worthy causes. Its mission is to enhance the quality of life in the community by promoting cultural, educational, and social opportunities, while also preserving the community's heritage. The foundation encourages donors to create a lasting legacy by providing them with the means to contribute to causes they care about. The foundation's activities include granting funds to non-profit organizations for community enhancement and awarding scholarships to local students for further education.
Official website here: www.dearborncf.org
Who is the CEO of Dearborn Community Foundation Inc?
Mike Mclaughlin is the Principal Officer of Dearborn Community Foundation Inc.
Official website here: www.dearborncf.org
What is the revenue of Dearborn Community Foundation Inc?
Dearborn Community Foundation Inc's revenue in 2022 was $2,637,284.
Official website here: www.dearborncf.org
Who are the executives of Dearborn Community Foundation Inc and what are their salaries?
The average compensation at Dearborn Community Foundation Inc during 2022 was $52,113. There are 4 employees and 50 volunteers at Dearborn Community Foundation Inc.
Here are 16 key members and their salaries:
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Official website here: www.dearborncf.org
Where can I find the form 990 for Dearborn Community Foundation Inc?
Dearborn Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dearborncf.org
Learn more at the official website: www.dearborncf.org
Mission Statement of Dearborn Community Foundation Inc
The Dearborn Community Foundation, Inc. serves as a bridge, connecting individuals with a passion for community betterment with causes that enhance the quality of life in their local area. This nonprofit organization is committed to fostering cultural, educational, and social growth while preserving the community's heritage. Through its efforts, the Foundation empowers donors to establish a lasting legacy in Dearborn County. By granting funds to various non-profit organizations and offering scholarships to local students, the Dearborn Community Foundation, Inc. plays a pivotal role in uplifting the community and supporting the education of its youth.
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Impact
October, 2024
Dearborn Community Foundation Inc plays a pivotal role in transforming the quality of life in Dearborn County. By connecting individuals who are passionate about community improvement with various causes, the foundation enhances cultural, educational, and social opportunities.
Through its comprehensive initiatives, it awarded 315 grants and scholarships, directly impacting local nonprofit organizations and students alike. These grants serve to uplift the community by supporting a wide range of projects that enrich the area, while the scholarships empower local students to pursue higher education and achieve their academic goals.
In addition to these financial contributions, the foundation also works diligently to preserve the community's heritage, fostering a sense of identity and continuity. Ultimately, it helps donors create a lasting legacy, ensuring that the benefits of philanthropy are felt for generations to come in Dearborn County.
This information is meant to be a general summary of Dearborn 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: $1,057,963
- Gross Receipts: $3,391,194
Assets and Liabilities:
- Total Assets: $25,543,905
- Total Liabilities: $9,000,219
- Net Assets: $16,543,686
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Organization Details
Founding Year
1997
Phone
(812) 539-4115Principal Officer
Mike Mclaughlin
Main Address
322 Walnut Street, Lawrenceburg, IN, 47025
Website
www.dearborncf.orgNTEE Category
Code: T310 - Philanthropy
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