Overview
What is Waverly Community Foundation?
The Waverly Community Foundation is a nonprofit organization situated in Waverly, Nebraska. With a team of 16 dedicated individuals, their primary focus is on the development and maintenance of public recreational facilities within the community. They offer rental and recreational facilities, providing a vital space for community members to engage and enjoy leisure activities. This foundation plays an essential role in enhancing the quality of life in Waverly by fostering a sense of community and promoting local recreational opportunities.
Official website here: www.wcfsocialhall.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 36%, Zero-Star out of Four Star rating.
The Waverly Community Foundation has received a low score of 36% on Charity Navigator, resulting in a Zero-Star rating. This rating indicates significant concerns regarding its financial health and accountability practices. While the organization scores well in aspects such as having a majority of independent board members and a strong board size, it falls short in key areas related to governance and policy transparency.
Notably, the foundation lacks essential policies, such as a conflict of interest policy and a whistleblower policy, which are crucial for ensuring ethical operations. Additionally, the foundation has not demonstrated adequate management of its assets, reflected in a poor liabilities to assets ratio and a disappointing program expense ratio. These factors raise questions about its financial practices and operational effectiveness.
Overall, while the Waverly Community Foundation shows some strengths in board independence and transparency regarding board meeting minutes, the significant weaknesses in its accountability and financial management practices are concerning and may impact donor confidence and operational sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Waverly Community Foundation legitimate?
Waverly Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waverly Community 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: $49,890
For more financial information, click here
Official website here: www.wcfsocialhall.org
What is the mission statement of Waverly Community Foundation?
The Waverly Community Foundation's mission is centered around providing rental and recreational facilities for the benefit of its community. In essence, their purpose is to enhance the community's leisure and recreational activities by managing and maintaining suitable facilities. This organization plays a pivotal role in fostering communal engagement and enjoyment through its facility offerings.
Official website here: www.wcfsocialhall.org
Who is the CEO of Waverly Community Foundation?
Scott Walker is the President of Waverly Community Foundation.
Official website here: www.wcfsocialhall.org
What is the revenue of Waverly Community Foundation?
Waverly Community Foundation's revenue in 2023 was $178,290.
Official website here: www.wcfsocialhall.org
Who are the executives of Waverly Community Foundation and what are their salaries?
The average compensation at Waverly Community Foundation during 2023 was $3,118. There are 16 employees at Waverly Community Foundation.
Here are 4 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
Official website here: www.wcfsocialhall.org
Where can I find the form 990 for Waverly Community Foundation?
Waverly Community Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.wcfsocialhall.org
Learn more at the official website: www.wcfsocialhall.org
Mission Statement of Waverly Community Foundation
The Waverly Community Foundation is dedicated to providing rental and recreational facilities for the benefit of its community. Its mission is centered around the development and maintenance of public recreational facilities, aiming to enhance the quality of life for its constituents. By offering such facilities, the foundation contributes to fostering a sense of community and promoting opportunities for leisure and relaxation.
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Impact
October, 2024
Waverly Community Foundation significantly enhances the quality of life for residents in Waverly, Nebraska, by providing vital rental and recreational facilities. Through the development and maintenance of public recreational spaces, the foundation fosters a community-focused environment that promotes health, wellness, and social interaction. This commitment to creating accessible recreational opportunities not only strengthens community ties but also ensures that residents have safe and engaging spaces for leisure activities. The foundation's efforts contribute to a vibrant neighborhood where individuals and families can come together, fostering a sense of belonging and community pride.
This information is meant to be a general summary of Waverly Community 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 2023.
- Investment Income: $312
- Program Service Revenue: $91,755
- Gross Receipts: $690,761
Assets and Liabilities:
- Total Assets: $539,540
- Total Liabilities: $655
- Net Assets: $538,885
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACTIVITY HALL/EQUIP RENTAL
Revenue
$67,227
PROGRAM SERVICE REVENUE
Revenue
$24,528
Organization Details
Founding Year
1989
Phone
(402) 786-0211Principal Officer
Scott Walker
Main Address
PO BOX 314, WAVERLY, NE, 68462
Website
www.wcfsocialhall.orgNTEE Category
Code: T31Z - Philanthropy
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