Overview
What is Centralia Foundation?
Centralia Foundation is a nonprofit organization situated in Centralia, Illinois, with a population of over 20,000 residents. The foundation's primary purpose is to enrich the community by offering a wide range of cultural, educational, and recreational services. With a dedicated team of 80 employees, the foundation operates a recreation complex that caters to the needs of the local population. Their mission is centered around enhancing the quality of life in Centralia, Illinois, by providing engaging and enlightening experiences for the community members.
Official website here: www.centraliafoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
The Centralia Foundation has achieved an 84% rating from Charity Navigator, indicating a solid level of accountability and financial health. The rating is based solely on the Accountability & Finance beacon, where the organization scored particularly well on metrics such as having 100% independent board members and a strong financial statements audit and oversight committee. The program expense ratio is also commendable at 88.93%, highlighting effective allocation of funds towards its mission.
Despite these strengths, there are notable areas for improvement. The foundation lacks essential policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, all of which are critical for maintaining transparency and ethical governance. Additionally, the absence of the tax form on the nonprofit's website could be seen as a lack of accessibility regarding financial disclosures.
Overall, while the Centralia Foundation demonstrates strong financial practices and governance structures, addressing the gaps in policy documentation would enhance its accountability and potentially improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Centralia Foundation legitimate?
Centralia Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Centralia 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: $32,295
Professional Fundraising Fees: $0
Other Salaries and Wages: $731,842
For more financial information, click here
Official website here: www.centraliafoundation.com
What is the mission statement of Centralia Foundation?
The Centralia Foundation is committed to providing cultural, educational, and recreational services to its community. Its mission is to cater to the needs of its population, serving an area with a population of over 20,000 individuals. This is achieved through the operation of a recreation complex, contributing positively to the community's leisure activities and overall well-being.
Official website here: www.centraliafoundation.com
Who is the CEO of Centralia Foundation?
William Sprehe is the Chairman of Centralia Foundation.
Official website here: www.centraliafoundation.com
What is the revenue of Centralia Foundation?
Centralia Foundation's revenue in 2022 was $1,851,241.
Official website here: www.centraliafoundation.com
Who are the executives of Centralia Foundation and what are their salaries?
The average compensation at Centralia Foundation during 2022 was $9,552. There are 80 employees at Centralia Foundation.
Here are 8 key members and their salaries:
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Official website here: www.centraliafoundation.com
Where can I find the form 990 for Centralia Foundation?
Centralia Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.centraliafoundation.com
Learn more at the official website: www.centraliafoundation.com
Mission Statement of Centralia Foundation
Centralia Foundation, a nonprofit organization, is committed to providing cultural, educational, and recreational services to the community residing in the Centralia, Illinois area. This mission is geared towards enriching the lives of its residents, offering them various opportunities for growth and enjoyment. The foundation operates a recreation complex that serves a population of over 20,000 individuals, aiming to contribute positively to the community's overall well-being. By providing a variety of services, Centralia Foundation seeks to foster a sense of unity and engagement within the community, enhancing the quality of life for its residents.
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Impact
July, 2024
The Centralia Foundation plays a vital role in providing cultural, educational, and recreational services to the Centralia, Illinois area. Through the operation of a recreation complex, the foundation serves a community population of over 20,000 people. Its impact can be seen in enhancing the quality of life for residents by offering opportunities for leisure, learning, and community engagement. The foundation's focus on recreation contributes to promoting physical and mental well-being among individuals in the area. Overall, the Centralia Foundation's efforts are instrumental in fostering a vibrant and connected community in Centralia, Illinois.
This information is meant to be a general summary of Centralia 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: $817,673
- Program Service Revenue: $333,129
- Gross Receipts: $12,906,944
Assets and Liabilities:
- Total Assets: $34,591,615
- Total Liabilities: $0
- Net Assets: $34,591,615
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$333,129
Organization Details
Founding Year
1943
Principal Officer
William Sprehe
Main Address
115 EAST SECOND STREET, CENTRALIA, IL, 62801
Website
www.centraliafoundation.comNTEE Category
Code: N32 - Recreation
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