Overview
What is Ohio County Community Foundation Inc?
Ohio County Community Foundation Inc is a local nonprofit organization situated in Rising Sun, Indiana. Its primary mission is to serve as a platform for residents of Ohio County to donate funds towards various organizations and projects within the county. In 2022, they awarded grants to numerous local organizations and scholarships to area students. The foundation is committed to the responsible stewardship of donated gifts, addressing community issues, and making grants in the fields of community service, education, health, environment, and the arts within the Ohio County area. They are an active organization with a team of 8 employees.
Official website here: www.occfrisingsun.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating.
The Ohio County Community Foundation Inc has demonstrated strong performance in accountability and finance, achieving an impressive score of 90%. This rating is derived from a robust evaluation of its financial practices, emphasizing the charity's commitment to transparency and responsible management of resources. Notably, the organization boasts a fully independent board, ensuring unbiased governance.
Among its strengths, the foundation has received full marks for various policies, including conflict of interest and whistleblower protections, reflecting a solid ethical framework. The program expense ratio of 90.85% indicates that a significant majority of its funds are directed towards programs rather than administrative costs, highlighting its dedication to effective service delivery.
However, the organization has a liabilities to assets ratio of 57.74%, which suggests that while it is managing its assets well, there may be areas for improvement in financial stability. Overall, the Ohio County Community Foundation Inc exhibits strong governance and programmatic focus, making it a reliable choice for donors seeking to support community initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Ohio County Community Foundation Inc legitimate?
Ohio County Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ohio 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: $54,289
Professional Fundraising Fees: $0
Other Salaries and Wages: $60,279
For more financial information, click here
Official website here: www.occfrisingsun.com
What is the mission statement of Ohio County Community Foundation Inc?
The Ohio County Community Foundation Inc, established with the purpose of responsible stewardship, utilizes donated funds to address community issues and makes grants in various fields such as community service, education, health, environment, and arts. The foundation's mission is to provide leadership in addressing community concerns and offer financial support in these sectors. By serving as a donation vehicle for Ohio County residents, the foundation awards grants to local organizations and scholarships to area students, contributing to the betterment of the community in diverse ways.
Official website here: www.occfrisingsun.com
What is the revenue of Ohio County Community Foundation Inc?
Ohio County Community Foundation Inc's revenue in 2023 was $1,521,473.
Official website here: www.occfrisingsun.com
Who are the executives of Ohio County Community Foundation Inc and what are their salaries?
The average compensation at Ohio County Community Foundation Inc during 2023 was $16,367. There are 7 employees and 9 volunteers at Ohio County Community Foundation Inc.
Here are 10 key members and their salaries:
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- Compensation: $54,289
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Official website here: www.occfrisingsun.com
Where can I find the form 990 for Ohio County Community Foundation Inc?
Ohio County Community Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.occfrisingsun.com
Learn more at the official website: www.occfrisingsun.com
Mission Statement of Ohio County Community Foundation Inc
Ohio County Community Foundation Inc, as established, is dedicated to responsible stewardship of donated gifts. Its primary goal is to leverage these funds to address pressing community issues and make grants in various sectors, including community service, education, health, environment, and the arts, within the Ohio County area. By serving as a conduit for local residents to donate to various organizations and projects, the foundation plays a significant role in fostering community development. In 2022, the foundation awarded grants to numerous local organizations and scholarships to deserving area students, demonstrating its commitment to supporting the growth and betterment of the community.
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Impact
October, 2024
Ohio County Community Foundation Inc plays a vital role in enhancing the quality of life in Ohio County by effectively managing and utilizing donated gifts to address pressing community needs. Through its stewardship and leadership, the foundation directs funding to various local organizations and projects, ensuring that resources are allocated where they can make the most significant impact.
In 2022, the foundation awarded numerous grants to support local initiatives, as well as scholarships to students, empowering the next generation and fostering educational advancement. By focusing on diverse fields such as community service, education, health, the environment, and the arts, the foundation contributes to a well-rounded and robust community framework.
The foundation acts as a catalyst for philanthropy, encouraging residents to invest in their community’s future and making it easier for them to connect with various impactful projects. By addressing community issues holistically, the Ohio County Community Foundation Inc not only responds to immediate needs but also cultivates long-term growth and sustainability in the region.
This information is meant to be a general summary of Ohio 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 2023.
- Investment Income: $770,194
- Gross Receipts: $7,727,087
Assets and Liabilities:
- Total Assets: $32,890,423
- Total Liabilities: $18,556,505
- Net Assets: $14,333,918
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Organization Details
Founding Year
1998
Principal Officer
Jane Angst
Website
www.occfrisingsun.comNTEE Category
Code: T31 - Philanthropy
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