Overview
What is Community Foundation Of Wabash County Inc?
The Community Foundation of Wabash County Inc, situated in North Manchester, Indiana, is a local nonprofit organization. With a team of seven dedicated individuals, it serves the citizens of Wabash County by turning charitable aspirations into reality. Twice a year, the foundation accepts grant applications from area organizations and awards grants for charitable purposes, focusing on enriching life in the county by responding to emerging and changing needs. It supports various sectors, including arts and culture, community and civic development, health and human services, education, recreation, and the environment. The foundation invests and safeguards charitable assets, provides information on charitable endeavors, and convenes citizens, acting as a bridge to address the shared issues within the community.
Official website here: www.cfwabash.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100%, Four-Star out of Four Star rating.
The Community Foundation of Wabash County Inc has achieved a perfect score of 100%, reflecting exceptional accountability and financial health. This rating is based solely on their strong performance in the Accountability & Finance category, indicating that the organization operates with a high level of transparency and responsible financial management.
Key strengths include a fully independent board and robust financial policies, such as a lack of material diversion of assets and comprehensive oversight of financial statements. The organization also demonstrates strong operational efficiency, with a program expense ratio of over 72% and a highly favorable liabilities to assets ratio, underscoring their commitment to maximizing the impact of their resources.
While the data showcases numerous strengths, it is essential for potential donors and stakeholders to consider the broader context of the organization's program effectiveness and community impact. However, based on financial management and accountability alone, the Community Foundation of Wabash County Inc stands out as a reputable choice for charitable giving.
This AI summary has been generated from information found on Charity Navigator.
Is Community Foundation Of Wabash County Inc legitimate?
Community Foundation Of Wabash County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Foundation Of Wabash County 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: $113,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $311,647
For more financial information, click here
Official website here: www.cfwabash.org
What is the mission statement of Community Foundation Of Wabash County Inc?
The Community Foundation of Wabash County is a charitable organization that serves its community by bringing to life the philanthropic aspirations of its citizens. It accomplishes this by making grants, investing and safeguarding charitable assets, providing information on charitable endeavors, and convening citizens to address shared issues. The foundation accepts grant applications from local organizations twice a year and awards grants for charitable purposes that enrich life in the community by responding to emerging and changing needs and by sustaining existing organizations in various sectors including arts and culture, community and civic development, health and human services, education, recreation, and the environment.
Official website here: www.cfwabash.org
Who is the CEO of Community Foundation Of Wabash County Inc?
Brian Howenstine is the President of Community Foundation Of Wabash County Inc.
Official website here: www.cfwabash.org
What is the revenue of Community Foundation Of Wabash County Inc?
Community Foundation Of Wabash County Inc's revenue in 2022 was $13,444,485.
Official website here: www.cfwabash.org
Who are the executives of Community Foundation Of Wabash County Inc and what are their salaries?
The average compensation at Community Foundation Of Wabash County Inc during 2022 was $60,771. There are 7 employees and 15 volunteers at Community Foundation Of Wabash County Inc.
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- Compensation: $113,750
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Official website here: www.cfwabash.org
Where can I find the form 990 for Community Foundation Of Wabash County Inc?
Community Foundation Of Wabash County Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cfwabash.org
Learn more at the official website: www.cfwabash.org
Mission Statement of Community Foundation Of Wabash County Inc
The Community Foundation of Wabash County is a charitable organization dedicated to enriching the lives of citizens in the community. By implementing charitable aspirations, making grants, investing and safeguarding charitable assets, providing information regarding charitable endeavors, and convening citizens and linking resources, the foundation addresses various issues that concern the shared lives of people in the county.
The foundation plays a pivotal role in responding to emerging and changing needs within Wabash County, as well as sustaining existing organizations and institutions. It supports a range of causes including arts and culture, community and civic development, health and human services, education, recreation, and the environment. The foundation's grant application process is open to area organizations twice a year, with grants being awarded for charitable purposes that contribute to the overall well-being and enrichment of life in the county. The foundation acts on its own discretion when awarding grants, without the influence of donors or any designated persons.
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Impact
October, 2024
The Community Foundation of Wabash County Inc plays a vital role in enhancing the quality of life for residents by addressing emerging needs and sustaining existing organizations. Through strategic grant-making, it supports a wide array of sectors, including arts and culture, community development, health and human services, education, recreation, and environmental initiatives.
By accepting grant applications biannually and managing its resources without donor influences, the Foundation ensures that funds are allocated where they are most needed. This independent approach helps to respond effectively to the shifting challenges faced by the community while safeguarding charitable assets for long-term impact.
Additionally, the Foundation serves as a conduit for connecting citizens with resources and information related to charitable endeavors, fostering a collaborative environment that encourages civic engagement and philanthropy across Wabash County. Through these efforts, it not only enriches the community but also empowers its residents to participate in shaping their shared future.
This information is meant to be a general summary of Community Foundation Of Wabash County 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: $2,132,241
- Program Service Revenue: $513,849
- Gross Receipts: $39,117,767
Assets and Liabilities:
- Total Assets: $75,052,845
- Total Liabilities: $3,621,631
- Net Assets: $71,431,214
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMINISTRATIVE FEE INCOME
Revenue
$513,849
Organization Details
Founding Year
1954
Phone
(260) 982-4824Principal Officer
Brian Howenstine
Main Address
220 E MAIN ST, NORTH MANCHESTER, IN, 469621823
Website
www.cfwabash.orgNTEE Category
Code: T31 - Philanthropy
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