Overview
What is West Central Initiative?
West Central Initiative is a community foundation situated in Fergus Falls, Minnesota. Their primary role is to manage and establish dedicated permanent funds, addressing specific charitable purposes. They refer to these funds as "component funds," which are integral to their mission and asset valuation. In the recent fiscal year, they added 14 new component funds to their portfolio. Their activities and mission are centered around improving West Central Minnesota by offering grants, programs, and technical assistance. By harnessing various resources, they aim to support families, communities, organizations, and businesses in the region, contributing to a better tomorrow. Their vision aligns with the United Nations' Sustainable Development Goals, striving for a vibrant, inclusive, and sustainable world, beginning in West Central Minnesota. They have a workforce of 28 individuals dedicated to their cause.
Official website here: www.wcif.org
What are the reviews and ratings of this charity?
West Central Initiative has earned an impressive Four-Star out of Four Star rating from Charity Navigator, scoring 97% overall based solely on its Accountability & Finance metrics. This strong score indicates a high level of transparency and effective financial management, essential factors for fostering donor trust and sustainability in nonprofit organizations.
The organization excels in maintaining a fully independent board, ensuring robust oversight. They score full marks in various categories, including conflict of interest policies and financial audits, showcasing their commitment to ethical standards and accountability. Additionally, with a program expense ratio of 80.45%, West Central Initiative demonstrates a strong focus on delivering programmatic services rather than administrative costs.
However, while the financial aspects are well-rated, it is important to note that aspects related to impact and measurement, as well as culture and community, were not currently scored. As a result, potential donors may want to seek more information about the organization's effectiveness and community engagement outcomes before making contributions.
User reviews from GreatNonprofits are currently unavailable.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about West Central Initiative?
100% of the 9 reviewers on Facebook recommend West Central Initiative. Here is a summary of their reviews:
The overwhelming sentiment among those who took the time to share their thoughts is one of deep appreciation. Many express gratitude for the essential services West Central Initiative provides to the region, underscoring the organization's positive impact on the community.
It's clear that people feel a strong connection to the nonprofit, often pondering how their community would fare without its support. This unwavering endorsement suggests that West Central Initiative really delivers on its mission and meets the needs of those it serves effectively.
This AI summary has been generated from reviews found on Facebook.
Is West Central Initiative legitimate?
West Central Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Central Initiative 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: $212,186
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,524,940
For more financial information, click here
Official website here: www.wcif.org
What is the mission statement of West Central Initiative?
The West Central Initiative's mission is to enhance West Central Minnesota by providing funding, programs, and technical assistance. This organization unites various ideas and resources to help individuals and communities build a better future. Their vision of a vibrant, inclusive, and sustainable world begins in West Central Minnesota. As a community foundation, they establish and manage dedicated permanent funds to address specific charitable purposes. These funds, known as component funds, are integral to their mission and asset valuation. In fiscal year 2023, they added 14 new component funds to their portfolio. Grants are just one of the many resources they offer to support families, communities, organizations, and businesses in their region. During the current year, they awarded over $3 million in grants.
Official website here: www.wcif.org
Who is the CEO of West Central Initiative?
Anna Wasescha is the Secretary of West Central Initiative.
Official website here: www.wcif.org
What is the revenue of West Central Initiative?
West Central Initiative's revenue in 2023 was $9,220,682.
Official website here: www.wcif.org
Who are the executives of West Central Initiative and what are their salaries?
The average compensation at West Central Initiative during 2023 was $62,040. There are 28 employees and 663 volunteers at West Central Initiative.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $184,856
- Related: $0
- Other: $16,356
Official website here: www.wcif.org
Where can I find the form 990 for West Central Initiative?
West Central Initiative's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wcif.org
Learn more at the official website: www.wcif.org
Mission Statement of West Central Initiative
West Central Initiative, a community foundation, is committed to improving the welfare of West Central Minnesota through various means. Their mission is multifaceted, encompassing the provision of funding, programs, and technical assistance. By unitedly leveraging ideas and resources, they aim to help individuals and communities create a more prosperous future. This mission is underpinned by a vision of a vibrant, inclusive, and sustainable world, with the belief that this vision can take root in West Central Minnesota.
At its core, West Central Initiative's role as a community foundation involves establishing and managing dedicated permanent funds that cater to specific charitable purposes. They refer to these funds as "component funds," as they are integral to their mission and asset valuation. In the recent fiscal year (FY23), they added 14 new component funds to their portfolio, demonstrating their commitment to supporting their region's families, communities, organizations, and businesses. Through grants, along with other resources, they seek to empower their community, contributing significantly to their region's overall development. During the current year, they awarded over $3 million in grants, further emphasizing their dedication to bettering West Central Minnesota.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
West Central Initiative has a substantial impact on communities in West Central Minnesota through its focused efforts in funding, programs, and technical assistance. By establishing and managing dedicated permanent funds, referred to as "component funds," it addresses specific charitable purposes that align with the needs of the region. In the most recent fiscal year, the initiative introduced 14 new component funds, expanding its capacity to support local challenges and opportunities.
Through strategic grantmaking, West Central Initiative awarded over $3 million in grants, emphasizing its commitment to improving the quality of life for families, communities, organizations, and businesses. This funding not only aids immediate needs but also invests in the long-term sustainability and vibrancy of the region, contributing to a vision of an inclusive and thriving community.
By uniting diverse ideas and resources, West Central Initiative plays a crucial role in fostering collaboration and innovation among stakeholders, thereby creating a robust support system that enables individuals and communities to build a better future for themselves. Its impact is felt in various sectors, reinforcing the interconnectedness of philanthropy, community engagement, and sustainable development in West Central Minnesota.
This information is meant to be a general summary of West Central Initiative. 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: $1,652,626
- Program Service Revenue: $557,490
- Gross Receipts: $16,439,959
Assets and Liabilities:
- Total Assets: $87,078,134
- Total Liabilities: $1,720,649
- Net Assets: $85,357,485
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LENDING REVENUE
Revenue
$293,897
PROGRAM SERVICE FEES
Revenue
$196,188
OTHER INCOME
Revenue
$67,405
Organization Details
Founding Year
1986
Phone
(218) 739-2239Principal Officer
Anna Wasescha
Main Address
PO BOX 318, FERGUS FALLS, MN, 565380318
Website
www.wcif.orgNTEE Category
Code: T310 - Philanthropy
If you are a representative of West Central Initiative and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.