Overview
What is Harrison County Community Foundation Supporting Organization Inc?
The Harrison County Community Foundation Supporting Organization Inc is a unique public benefit corporation, established in 1996 through a riverboat gaming development agreement between Harrison County, Indiana, and RDI/Caesars Riverboat, LLC. Its primary role is to exclusively benefit and support the Harrison County Community Foundation. The organization's board consists of the same sitting board of directors as the foundation, and its mission aligns with the foundation's goal of inspiring philanthropy and promoting growth in Harrison County. The organization receives ongoing contributions from Caesars Southern Indiana Casino, which are split between two accounts: the Harrison County Community Fund and the foundation's programs and projects. This unlimited funding has enabled the foundation to undertake several ambitious projects, including broadband infrastructure deployment, emergency communication systems, and affordable housing development. The Harrison County Community Foundation Supporting Organization also provides grants to various organizations and projects within the county, including educational initiatives, scholarships, and community development endeavors. Their funding supports initiatives like dual credit programs, preschool programs, and vocational scholarships to help Harrison County residents further their education and improve their lives.
Official website here: www.hccfindiana.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Stars)
The Harrison County Community Foundation Supporting Organization Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored exceptionally well in key areas such as independent board membership and financial oversight, demonstrating a solid commitment to transparency and effective governance.
Strengths include a fully independent board, excellent financial management practices, and a high program expense ratio indicating that nearly all funds are directed towards its charitable programs. The organization also has comprehensive policies in place, including conflict of interest and whistleblower policies, which further enhance its accountability framework. Its fundraising efficiency is notably strong, with zero costs associated with fundraising.
However, there is a slight concern regarding the liabilities to assets ratio, which received a lower score compared to other metrics. While this may warrant attention, the overall financial health indicated by the high working capital ratio suggests the organization is well-positioned to meet its obligations. Overall, Harrison County Community Foundation demonstrates robust operations with a strong focus on serving its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Harrison County Community Foundation Supporting Organization Inc legitimate?
Harrison County Community Foundation Supporting Organization Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Harrison County Community Foundation Supporting Organization 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
Official website here: www.hccfindiana.org
What is the mission statement of Harrison County Community Foundation Supporting Organization Inc?
The Harrison County Community Foundation Supporting Organization aims to support the mission of the Harrison County Community Foundation and address the needs of the Harrison County, Indiana community. It accomplishes this by providing resources and scholarship support to local graduating seniors. The Harrison County Community Foundation inspires and assists individuals to experience philanthropy, working towards positive and sustainable growth in the community. Their vision is to make Harrison County an exceptional place to live, work, and raise a family. They uphold values such as generosity, integrity, sustainability, stewardship, innovation, collaboration, inclusion, and excellence.
Official website here: www.hccfindiana.org
Who is the CEO of Harrison County Community Foundation Supporting Organization Inc?
Julie Moorman is the Director of Harrison County Community Foundation Supporting Organization Inc. The CEO's salary of Harrison County Community Foundation Supporting Organization Inc is $0 and their total compensation is $156,414.
Official website here: www.hccfindiana.org
What is the revenue of Harrison County Community Foundation Supporting Organization Inc?
Harrison County Community Foundation Supporting Organization Inc's revenue in 2022 was $16,934,105.
Official website here: www.hccfindiana.org
Who are the executives of Harrison County Community Foundation Supporting Organization Inc and what are their salaries?
There 30 volunteers at Harrison County Community Foundation Supporting Organization Inc.
Here are 19 key members and their salaries (Harrison County Community Foundation Supporting Organization Inc's CEO's salary is $0 and their total compensation is $156,414):
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- Related: $140,819
- Other: $15,595
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- Related: $123,848
- Other: $13,529
Official website here: www.hccfindiana.org
Where can I find the form 990 for Harrison County Community Foundation Supporting Organization Inc?
Harrison County Community Foundation Supporting Organization Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hccfindiana.org
Learn more at the official website: www.hccfindiana.org
Mission Statement of Harrison County Community Foundation Supporting Organization Inc
The Harrison County Community Foundation Supporting Organization Inc is a charitable entity dedicated to supporting the mission of the Harrison County Community Foundation. This organization aims to address the needs of the Harrison County, Indiana community by providing essential resources. One of its significant initiatives is scholarship support for graduating seniors in Harrison County.
The Harrison County Community Foundation's mission is to inspire and assist everyone in Harrison County to participate in philanthropy. Their ultimate goal is to foster positive and sustainable growth in the community. The organization envisions Harrison County as an ideal place to live, work, and raise a family. The Harrison County Community Foundation values several principles, including generosity, integrity, sustainability, stewardship, innovation, collaboration, inclusion, and excellence.
By upholding these values, the Harrison County Community Foundation Supporting Organization Inc strives to make a tangible difference in the lives of Harrison County residents. Through its commitment to philanthropy, the foundation aims to create a vibrant and thriving community where everyone can prosper. The organization's dedication to generosity and stewardship ensures that resources are wisely invested and allocated to meet the most pressing needs in the community.
In summary, the Harrison County Community Foundation Supporting Organization Inc is a crucial entity that champions the cause of the Harrison County Community Foundation. Through its various initiatives, the organization works tirelessly to address the needs of Harrison County residents and contribute to the community's growth and development. By fostering generosity, collaboration, and a strong sense of inclusivity, the Harrison County Community Foundation Supporting Organization Inc is poised to make a lasting impact on the lives of Harrison County residents.
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Impact
October, 2024
Harrison County Community Foundation Supporting Organization Inc plays a crucial role in enhancing the quality of life in Harrison County, Indiana, by addressing various community needs through strategic funding and support initiatives. Their impact is multifaceted, focusing on educational resources, infrastructure development, and community welfare.
By providing scholarships to graduating high school seniors and adults pursuing further education, the organization actively promotes academic achievement and vocational training, empowering individuals to pursue higher education and career opportunities. For instance, they awarded $240,000 in Building Our Future scholarships in 2022, helping students continue their education.
The organization also prioritizes community infrastructure projects, notably in expanding broadband access across Harrison County. Their collaboration in the Broadband Readiness & Infrastructure Deployment Plan highlights their commitment to connecting underserved areas, which is essential for economic development and enhancing overall community connectivity.
Additionally, HCCF SO invests in local projects that directly benefit the community, such as funding for emergency communication systems, school playground improvements, and affordable housing initiatives. Their ongoing support for preschool programs aims to ensure kindergarten readiness for children from low-income families, showcasing a commitment to early childhood education.
The foundation’s ability to mobilize resources effectively, including substantial ongoing contributions from the local casino, allows it to continue championing vital community projects that align with its mission of sustainable growth and philanthropy. Through diverse grant-making initiatives and collaborative efforts with local organizations, HCCF SO significantly contributes to building a better environment for residents in Harrison County, strengthening community ties, and fostering a culture of generosity and support.
This information is meant to be a general summary of Harrison County Community Foundation Supporting Organization 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: $9,616,920
- Program Service Revenue: $18,000
- Gross Receipts: $22,874,624
Assets and Liabilities:
- Total Assets: $222,828,593
- Total Liabilities: $148,496,133
- Net Assets: $74,332,460
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM RELATED ADMIN
Revenue
$18,000
Organization Details
Founding Year
2000
Phone
(812) 738-6668Principal Officer
Julie Moorman
Main Address
PO BOX 279, CORYDON, IN, 47112
Website
www.hccfindiana.orgNTEE Category
Code: T12 - Philanthropy
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