Overview
What is Kane County Farm Bureau Foundation?
The Kane County Farm Bureau Foundation, located at 2N710 RANDALL ROAD, ST CHARLES, IL 60174, is a dedicated nonprofit organization that aims to bolster the agricultural sector and enrich the lives of farm families. Established with the purpose of promoting education, leadership development, and research in agricultural fields, the foundation annually awards scholarships and internships to local students pursuing careers in agriculture – one of Illinois' significant industries. By doing so, the Kane County Farm Bureau Foundation plays a crucial role in nurturing the next generation of agriculture professionals and contributing to the economic well-being of the agricultural community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
The Kane County Farm Bureau Foundation has received a Two-Star rating from Charity Navigator, indicating that while it demonstrates several strengths in its operations, there are significant areas needing improvement. With a total score of 73%, the organization excels in accountability and finance metrics, particularly with a high program expense ratio of 93.68%, ensuring most funds are directed towards its mission-related activities.
However, the foundation faces notable shortcomings in compliance and governance policies. It lacks several key documents such as a conflict of interest policy, a whistleblower policy, and a document retention policy, which are essential for transparency and ethical operations. Additionally, the organization's tax form website disclosure is missing, which may hinder stakeholders' ability to access important financial information.
While the foundation boasts an independent board with all members meeting independence criteria, the absence of critical policies raises concerns regarding its governance practices. Addressing these issues could enhance the organization's overall rating and community trust.
This AI summary has been generated from information found on Charity Navigator.
Is Kane County Farm Bureau Foundation legitimate?
Kane County Farm Bureau Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kane County Farm Bureau 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.
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What is the mission statement of Kane County Farm Bureau Foundation?
The Kane County Farm Bureau Foundation was established with the mission to promote education, leadership development, and research in agricultural fields. This non-profit organization aims to enhance the economic well-being of agriculture and improve the quality of life for farm families. As part of its mission, the foundation annually awards scholarships and internships to local students pursuing careers in agriculture, one of Illinois' largest industries. The Kane County Farm Bureau Foundation supports the next generation of agricultural leaders, contributing to the growth and success of this critical sector.
Who is the CEO of Kane County Farm Bureau Foundation?
Joseph White is the President of Kane County Farm Bureau Foundation.
What is the revenue of Kane County Farm Bureau Foundation?
Kane County Farm Bureau Foundation's revenue in 2022 was $45,296.
Who are the executives of Kane County Farm Bureau Foundation and what are their salaries?
There 250 volunteers at Kane County Farm Bureau Foundation.
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Where can I find the form 990 for Kane County Farm Bureau Foundation?
Kane County Farm Bureau Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kane County Farm Bureau Foundation
The Kane County Farm Bureau Foundation, with a mission to enhance the economic well-being of agriculture and enrich the quality of farm family life, was established with a focus on promoting education, leadership development, and research in agricultural fields. This nonprofit organization annually awards substantial scholarships and internships to students pursuing careers in Illinois' significant industry, agriculture. By providing financial assistance, the Kane County Farm Bureau Foundation plays a crucial role in nurturing the next generation of agricultural leaders, thereby contributing to the growth and sustainability of the sector.
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Impact
August, 2024
Kane County Farm Bureau Foundation's impact can be seen in its dedication to improving the economic well-being of agriculture and enriching the quality of farm family life. One significant way they achieve this is by issuing scholarships to local students studying agriculture. This support not only helps individuals pursue their educational goals but also contributes to the development of skilled professionals in one of Illinois' largest industries. Through its mission to promote education, leadership development, and research in agricultural fields, the foundation plays a vital role in nurturing future agricultural leaders and supporting the advancement of this important sector.
This information is meant to be a general summary of Kane County Farm Bureau 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: $14
- Gross Receipts: $57,633
Assets and Liabilities:
- Total Assets: $611,275
- Total Liabilities: $36,257
- Net Assets: $575,018
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Organization Details
Founding Year
1991
Phone
(630) 584-8660Principal Officer
Joseph White
Main Address
2N710 RANDALL ROAD, ST CHARLES, IL, 60174
NTEE Category
Code: S80Z - Community improvement
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