Overview
What is The Tuscola Community Foundation Inc?
The Tuscola Community Foundation Inc, located in Tuscola, Illinois, serves as a charitable organization primarily focused on distributing grants to local organizations and providing scholarships to Tuscola High School students. This nonprofit aims to support the educational aspirations of young individuals in the area, while also addressing the needs of senior citizens in Douglas County. Additionally, funds are allocated for the upkeep and repair of the Nunn Scout Building. By offering these various forms of assistance, The Tuscola Community Foundation Inc strives to enhance the overall well-being and progress of the community.
Official website here: www.tuscolafoundation.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%, Three-Star out of Four Star rating. This rating reflects the Tuscola Community Foundation Inc's accountability and finance practices, with a strong score in these areas. The foundation has demonstrated a commitment to maintaining a well-governed organization, evident through its fully independent board and strong financial health.
The organization has achieved full marks in several key aspects, including having a majority of independent board members and no material diversion of assets. Additionally, it effectively utilizes its funding, with 81% of its expenses allocated to programs, indicating a focus on its mission and community impact.
However, there are some areas for improvement, such as the absence of a whistleblower policy and document retention policy. These gaps could impact the foundation's transparency and accountability, which are critical for maintaining donor trust and community engagement. Overall, while the Tuscola Community Foundation Inc has strengths in governance and financial management, addressing these limitations could further enhance its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is The Tuscola Community Foundation Inc legitimate?
The Tuscola Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Tuscola Community Foundation 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:
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Official website here: www.tuscolafoundation.org/
What is the mission statement of The Tuscola Community Foundation Inc?
The Tuscola Community Foundation Inc's primary mission is to provide grants to organizations in the community, fostering various initiatives. Additionally, it offers scholarships to students of Tuscola High School, aiding them in achieving their educational and academic aspirations. Furthermore, the foundation covers costs for maintaining and repairing the Nunn Scout Building. Separately, the Meister Fund under the foundation's umbrella, focuses on providing grants to organizations that enhance the quality of life for senior citizens in Douglas County.
Official website here: www.tuscolafoundation.org/
Who is the CEO of The Tuscola Community Foundation Inc?
Alan Shoemaker is the President of The Tuscola Community Foundation Inc.
Official website here: www.tuscolafoundation.org/
What is the revenue of The Tuscola Community Foundation Inc?
The Tuscola Community Foundation Inc's revenue in 2022 was $10,601.
Official website here: www.tuscolafoundation.org/
Who are the executives of The Tuscola Community Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
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Official website here: www.tuscolafoundation.org/
Where can I find the form 990 for The Tuscola Community Foundation Inc?
The Tuscola Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.tuscolafoundation.org/
Learn more at the official website: www.tuscolafoundation.org/
Mission Statement of The Tuscola Community Foundation Inc
The Tuscola Community Foundation Inc is dedicated to providing financial aid to organizations within its vicinity. Its primary goal is to offer scholarships to students attending Tuscola High School, thereby aiding them in pursuing their educational aspirations and achieving their academic objectives. In addition to this, the foundation also covers the costs necessary for maintaining and repairing the Nunn Scout Building.
The foundation has an additional fund named the Meister Fund, which is specifically designed to support senior citizens residing in Douglas County. This fund provides grants to organizations that can positively impact and improve the quality of life for these elderly individuals. By offering such assistance, The Tuscola Community Foundation Inc contributes to the well-being of its community, ensuring that various sectors, including education and senior care, are adequately supported.
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Impact
August, 2024
The Tuscola Community Foundation Inc's impact includes providing grants to organizations in the area, scholarships to Tuscola High School students to help them further their education and academic goals, and funds to maintain and repair the Nunn Scout building. Additionally, through the Meister Fund, the foundation supports organizations that serve senior citizens in Douglas County, enhancing their quality of life. These charitable distributions benefit organizations and individuals in Douglas County, IL, contributing to community improvement and welfare.
This information is meant to be a general summary of The Tuscola Community Foundation 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: $1,798
- Gross Receipts: $10,601
Assets and Liabilities:
- Total Assets: $2,848,803
- Total Liabilities: $0
- Net Assets: $2,848,803
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Organization Details
Founding Year
1994
Phone
(217) 253-2265Principal Officer
Alan Shoemaker
Main Address
PO BOX 252, TUSCOLA, IL, 61953
Website
www.tuscolafoundation.org/NTEE Category
Code: S21Z - Community improvement
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