Overview
What is Redwood Area Communities Foundation?
The Redwood Area Communities Foundation is a nonprofit organization situated in Redwood Falls, Minnesota. Their primary mission is to enhance the well-being and benefit of local residents and businesses within Redwood County and a 10-mile radius. They provide various services and support through their activities and mission, aiming to positively impact the community they serve. With a team of five dedicated individuals, they strive to make a difference in the lives of their fellow Redwood County residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Redwood Area Communities Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity's overall score is based entirely on its accountability metrics, indicating a commitment to transparency and responsible management of its resources.
The organization scores exceptionally well across various key indicators, including a 100% independent board and a low liabilities to assets ratio of 2.50%. Additionally, the foundation has shown diligent oversight with its financial statements, backed by an effective audit and oversight committee, and has established important policies such as conflict of interest and whistleblower protections.
While the foundation demonstrates a high program expense ratio of 96.32%, indicating that the majority of its resources are directed towards its programs, it is crucial for potential donors to consider its mission and impact within the community as part of their decision-making process. Overall, the Redwood Area Communities Foundation stands out for its financial integrity and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Redwood Area Communities Foundation legitimate?
Redwood Area Communities Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Redwood Area Communities Foundation 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: $131,930
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What is the mission statement of Redwood Area Communities Foundation?
The Redwood Area Communities Foundation is dedicated to promoting the well-being and benefit of various entities within its vicinity. This includes residents and organizations located in Redwood County or within a 10-mile radius of it. The foundation's mission is to provide essential services and support, aiming to enhance the living conditions and prosperity of this community. They operate with the objective of contributing to the welfare and benefit of the local population and businesses.
Who is the CEO of Redwood Area Communities Foundation?
Don Yrjo is the President of Redwood Area Communities Foundation.
What is the revenue of Redwood Area Communities Foundation?
Redwood Area Communities Foundation's revenue in 2022 was $1,079,794.
Who are the executives of Redwood Area Communities Foundation and what are their salaries?
The average compensation at Redwood Area Communities Foundation during 2022 was $26,386. There are 5 employees and 250 volunteers at Redwood Area Communities Foundation.
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Where can I find the form 990 for Redwood Area Communities Foundation?
Redwood Area Communities Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Redwood Area Communities Foundation
The Redwood Area Communities Foundation is dedicated to enhancing the well-being and advantages of residents and organizations located within Redwood County or within a 10-mile radius of the county. This nonprofit organization operates with the primary goal of providing aid and support to enrich the lives of people and businesses residing in this area. Through its various services and initiatives, the Redwood Area Communities Foundation aims to contribute positively to the community's welfare and benefit.
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Impact
October, 2024
The Redwood Area Communities Foundation significantly impacts the lives of residents and organizations in Redwood County and its surrounding areas. By providing essential services and support, it enhances the welfare and well-being of the community. The foundation's efforts focus on various initiatives that benefit local residents and businesses, ensuring that resources and opportunities are accessible. Its mission fosters a stronger, more connected community, promoting philanthropy and encouraging collaborative efforts to address local needs. Through its commitment, the foundation helps to improve quality of life and drive positive change in Redwood County.
This information is meant to be a general summary of Redwood Area Communities Foundation. 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: $85,989
- Program Service Revenue: $30,245
- Gross Receipts: $1,131,321
Assets and Liabilities:
- Total Assets: $4,575,794
- Total Liabilities: $114,450
- Net Assets: $4,461,344
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$30,245
Organization Details
Founding Year
1988
Phone
(507) 637-4004Principal Officer
Don Yrjo
Main Address
PO BOX 481, REDWOOD FALLS, MN, 56283
NTEE Category
Code: T31 - Philanthropy
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