Overview
What is Highland Area Community Foundation?
The Highland Area Community Foundation, situated in Highland, Illinois, serves as a vital resource for the area's charitable needs. With a small team of four dedicated individuals, its primary objective is to provide leadership, guide fundraising efforts, and address the community's charitable requirements. The foundation is actively engaged in developing and promoting community projects and activities, aiming to enhance the quality of life in the Highland region. While specific details about the projects or activities they undertake are not provided, it is evident that the Highland Area Community Foundation plays a significant role in uplifting its local community.
Official website here: www.hacf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Stars)
The Highland Area Community Foundation has received a Three-Star rating from Charity Navigator, which reflects an overall score of 84%. This score is primarily based on their strong accountability and finance practices, highlighting a solid commitment to transparency and responsible financial management. The foundation boasts a high percentage of independent board members, which supports its governance structure.
Despite its strengths, there are notable limitations in the foundation’s policies. Specifically, it lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all of which are important for enhancing accountability. Additionally, the foundation has not posted its tax form on its website, which could limit accessibility to important financial information for stakeholders.
On a positive note, the foundation maintains a healthy financial profile, with a very low liabilities to assets ratio and an impressive program expense ratio of 86.77%. This indicates that a significant portion of its resources is directed towards its programs, which is a strong indicator of effective resource allocation. Overall, while the Highland Area Community Foundation demonstrates solid financial practices, enhancing its governance policies could further improve its accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Highland Area Community Foundation legitimate?
Highland Area Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Highland Area 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: $57,852
For more financial information, click here
Official website here: www.hacf.org
What is the mission statement of Highland Area Community Foundation?
The Highland Area Community Foundation's mission is centered around fostering and advocating for community projects and activities. It takes an active role in providing leadership, guiding direction, and raising funds to address the charitable needs within its community. The foundation is dedicated to improving the well-being of the community by soliciting funds and channeling them towards worthy causes.
Official website here: www.hacf.org
Who is the CEO of Highland Area Community Foundation?
Terry Riffel is the Exec Director of Highland Area Community Foundation.
Official website here: www.hacf.org
What is the revenue of Highland Area Community Foundation?
Highland Area Community Foundation's revenue in 2022 was $1,573,153.
Official website here: www.hacf.org
Who are the executives of Highland Area Community Foundation and what are their salaries?
The average compensation at Highland Area Community Foundation during 2022 was $14,463. There are 4 employees at Highland Area Community Foundation.
Here are 18 key members and their salaries:
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Official website here: www.hacf.org
Where can I find the form 990 for Highland Area Community Foundation?
Highland Area Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hacf.org
Learn more at the official website: www.hacf.org
Mission Statement of Highland Area Community Foundation
The Highland Area Community Foundation is an entity with a mission to foster and advance community projects and activities within its realm. Their primary objective is to provide guidance, direction, and to solicit funds for the charitable needs of the community residing in Highland, Illinois. By assuming this role, the foundation serves as a driving force in shaping and enhancing the wellbeing of its community, contributing significantly to its overall development and growth.
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Impact
October, 2024
Highland Area Community Foundation significantly impacts the Highland, Illinois community by leading and promoting various local projects and activities. It actively engages in addressing the charitable needs of the area, fostering community spirit, collaboration, and development. By soliciting funds, the foundation supports initiatives that enhance the quality of life for residents, ensuring a vibrant and sustainable future for Highland. Through its leadership and direction, the foundation empowers individuals and groups to come together for the betterment of the community, creating lasting positive change.
This information is meant to be a general summary of Highland Area 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 2022.
- Investment Income: $175,224
- Program Service Revenue: $12,350
- Gross Receipts: $1,909,178
Assets and Liabilities:
- Total Assets: $5,844,148
- Total Liabilities: $1,253
- Net Assets: $5,842,895
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AWARDS BANQUET
Revenue
$12,350
Organization Details
Founding Year
1995
Principal Officer
Terry Riffel
Main Address
1216 MAIN ST PO BOX 374, HIGHLAND, IL, 62249
Website
www.hacf.orgNTEE Category
Code: T31 - Philanthropy
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