Overview
What is Pearce Foundation Inc?
Pearce Foundation Inc, based in Chillicothe, Illinois, serves as a financial support system for Pearce Community Center, Inc. Their primary mission is to contribute financially to this nonprofit organization, ensuring its long-term financial stability. By attracting and managing funds, Pearce Foundation Inc plays a crucial role in sustaining the programs operated by Pearce Community Center, Inc., which is a recognized tax-exempt entity under section 501(c)(3) of the U.S. tax code. The Pearce Foundation's contributions contribute to the overall well-being and continuity of the services provided by Pearce Community Center, Inc.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Pearce Foundation Inc has received a solid Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. With an overall score driven entirely by its accountability and finance metrics, the foundation demonstrates a commitment to transparency and responsible management of its resources.
Strengths of the organization include a fully independent board, scoring a perfect 10 out of 10 on board independence and size. Additionally, the foundation has shown no material diversion of assets and maintains a strong program expense ratio of 97.38%, suggesting that the majority of its funding is directed towards its programs rather than administrative costs.
However, while the accountability and financial practices are commendable, the summary does not provide insights into the foundation's programmatic impact or effectiveness, leaving a gap in understanding how well it achieves its mission. Overall, the Pearce Foundation Inc appears to be well-managed, but potential donors may want to seek additional information regarding its programs and outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Pearce Foundation Inc legitimate?
Pearce Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pearce 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,750
For more financial information, click here
What is the mission statement of Pearce Foundation Inc?
The Pearce Foundation Inc's mission is centered around supporting the financial stability of Pearce Community Center Inc., a non-profit organization under section 501(c)(3). The foundation's primary objective is to attract and effectively manage financial resources. This strategic approach is aimed at ensuring the long-term financial security of the programs operated by Pearce Community Center Inc. By providing these financial resources, the foundation ultimately contributes to the continued operation and success of the community center.
Who is the CEO of Pearce Foundation Inc?
Jeremy Conrad is the President of Pearce Foundation Inc.
What is the revenue of Pearce Foundation Inc?
Pearce Foundation Inc's revenue in 2022 was $77,640.
Who are the executives of Pearce Foundation Inc and what are their salaries?
There 8 volunteers at Pearce Foundation Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Pearce Foundation Inc?
Pearce Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Pearce Foundation Inc
The Pearce Foundation Inc is committed to supporting the financial wellbeing of Pearce Community Center, Inc., a nonprofit entity under Section 501(c)(3). Its primary objective is to attract and manage financial resources effectively, ensuring long-term financial security for the programs operated by the Pearce Community Center, Inc. By providing these financial resources, the Pearce Foundation Inc contributes significantly to the sustainability and growth of the initiatives undertaken by the Pearce Community Center, Inc.
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Impact
October, 2024
Pearce Foundation Inc plays a vital role in enhancing the programs and services offered by Pearce Community Center, Inc. By providing crucial financial resources, the foundation ensures that the community center can continue its mission to support and uplift individuals and families within the Chillicothe area. This support not only secures long-term financial stability for the center's initiatives but also enhances its ability to offer impactful programs that address the diverse needs of the local community.
The foundation's contributions facilitate a wide range of activities that are essential for community engagement and development. By attracting and managing these financial resources, Pearce Foundation Inc helps the community center maintain and expand its programs, which serve various functions, including religious outreach, education, and social support. In turn, this fosters a stronger, more resilient community that benefits individuals and families in need.
This information is meant to be a general summary of Pearce 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: $36,276
- Program Service Revenue: $40,364
- Gross Receipts: $77,640
Assets and Liabilities:
- Total Assets: $1,857,583
- Total Liabilities: $552,006
- Net Assets: $1,305,577
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Fees
Revenue
$40,364
Organization Details
Founding Year
1995
Phone
(309) 274-4209Principal Officer
Jeremy Conrad
Main Address
610 W Cedar St PO Box 331, Chillicothe, IL, 61523
NTEE Category
Code: X99Z - Religion related
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