Overview
What is The Quincy Area Project Endowment Fund?
The Quincy Area Project Endowment Fund serves as a financial resource, supporting various affiliate organizations. Its primary goal is to fund these affiliated entities through their initiatives in philanthropy, volunteer work, and grantmaking foundations, all of which have a general focus. This endowment fund's mission is to ensure that these affiliated organizations have the necessary financial backing for their programs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating indicates that while The Quincy Area Project Endowment Fund demonstrates strong accountability and financial health, there are significant areas where it lacks compliance with best practices.
The organization has a strong independent board with 10 members, and it maintains a high program expense ratio of 99.94%, suggesting that most of its resources are directed toward its mission. Additionally, there are no material diversions of assets, and it effectively documents board meeting minutes. However, the charity has received a low score for transparency due to missing essential policies and documents, such as a conflict of interest policy and a whistleblower policy.
The lack of a tax form listed on its website and the absence of a conflict of interest policy could raise concerns among potential donors regarding governance practices. While the organization shows solid financial metrics, improving transparency and governance policies is crucial for enhancing its overall rating and fostering trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Quincy Area Project Endowment Fund legitimate?
The Quincy Area Project Endowment Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Quincy Area Project Endowment Fund 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.
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What is the mission statement of The Quincy Area Project Endowment Fund?
The Quincy Area Project Endowment Fund's mission is centered around providing financial support to affiliate organizations. This is achieved through their involvement in philanthropy, voluntarism, and grantmaking foundations that have a broad focus. The primary goal of this endowment fund is to allocate resources to these affiliated organizations, thereby enabling them to carry out their programs effectively. The Quincy Area Project Endowment Fund serves as a crucial financial backbone, enabling these organizations to continue their work in various sectors.
Who is the CEO of The Quincy Area Project Endowment Fund?
Mark Tyrpin is the Treasurer of The Quincy Area Project Endowment Fund.
What is the revenue of The Quincy Area Project Endowment Fund?
The Quincy Area Project Endowment Fund's revenue in 2022 was -$12,214.
Who are the executives of The Quincy Area Project Endowment Fund and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for The Quincy Area Project Endowment Fund?
The Quincy Area Project Endowment Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Quincy Area Project Endowment Fund
The Quincy Area Project Endowment Fund is dedicated to supporting affiliate organizations through its initiatives in philanthropy, voluntarism, and grantmaking foundations. This nonprofit organization's mission is to provide financial assistance to these affiliated entities, enabling them to carry out their programs and activities effectively. By funding these organizations, The Quincy Area Project Endowment Fund contributes to the broader efforts in the philanthropic sector, fostering a positive impact in various communities. The organization's mission is to serve as a catalyst for change by empowering these affiliated organizations to make a difference in their respective fields.
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Impact
October, 2024
The Quincy Area Project Endowment Fund plays a significant role in enhancing community welfare through strategic funding. By supporting affiliate organizations engaged in philanthropy, voluntarism, and grantmaking, the Fund strengthens a variety of programs that address diverse community needs. Its mission to provide essential financial resources empowers these organizations to implement initiatives that can lead to positive social change and improved quality of life in Quincy, Illinois.
The impact of the Fund is seen in its ability to foster collaboration among local entities, facilitating a network of support that magnifies the effects of philanthropic efforts. Through grants, the Fund helps enhance programs that offer essential services, promote volunteerism, and encourage community involvement. Ultimately, the Quincy Area Project Endowment Fund serves as a vital resource, ensuring that the local nonprofit landscape remains vibrant and responsive to the evolving needs of the community.
This information is meant to be a general summary of The Quincy Area Project Endowment Fund. 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: -$12,214
- Gross Receipts: $200,485
Assets and Liabilities:
- Total Assets: $88,508
- Total Liabilities: $0
- Net Assets: $88,508
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Organization Details
Founding Year
1982
Phone
(217) 223-7310Principal Officer
Mark Tyrpin
Main Address
MERCANTILE BANK 200 N 33RD STREET, QUINCY, IL, 62301
NTEE Category
Code: T31 - Philanthropy
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