Overview
What is The Stateline Community Foundation Inc?
The Stateline Community Foundation Inc, based in Beloit, Wisconsin, is a dedicated nonprofit organization with a mission to enhance their community. They achieve this by engaging in strategic grant making, fostering civic involvement, and encouraging inspired philanthropy. In 2022, they managed 166 funds, including 10 new ones, all governed by donor-specified charitable agreements. Their contributions totaled $880,028, collected from 385 generous donors. The foundation's competitive grant program distributed 145 grants to 70 agencies, supporting various sectors like animal and environmental welfare, arts, community development, capacity building, education, and health and human services. Their robust scholarship program awarded 80 scholarships to 61 high school graduates and adult learners. The Women's Fund within the foundation addresses funding gaps in the needs of women and girls in Beloit, focusing on health and stability, safety and security, opportunity, and leadership. The Literacy for Life Initiative emphasizes the benefits of parent-child communication, potentially impacting health, education, teen risk behaviors, crime, income, and employment. The foundation relies on the assistance of 55 dedicated volunteers in reviewing applications for both its competitive programs.
Official website here: www.statelinecf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
The Stateline Community Foundation Inc has earned a Three-Star rating due to its strong performance in accountability and finance, scoring 81% in this category. The organization boasts an independent board, with 100% of its members being independent, which enhances its governance. It has also established solid financial oversight through its Audit and Oversight Committee, and various policies are in place to promote transparency and ethical management, such as a conflict of interest policy and a whistleblower policy.
However, the foundation's program expense ratio of 58.12% indicates that less than ideal resources are being directed towards its programs compared to overhead costs. This is a noteworthy area of concern as it suggests that a portion of its funding may be allocated to administrative expenses rather than directly serving its mission. The organization is also reportedly implementing six equity practices, highlighting a commitment to improving equity strategies, which scored an 83 out of 100.
Overall, while The Stateline Community Foundation Inc demonstrates commendable governance and accountability practices, there is room for improvement in ensuring a higher percentage of its expenses are channeled into its programs. Stakeholders may want to keep an eye on how the organization addresses these concerns moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is The Stateline Community Foundation Inc legitimate?
The Stateline Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Stateline 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:
Executive Compensation: $99,861
Professional Fundraising Fees: $30,391
Other Salaries and Wages: $220,060
For more financial information, click here
Official website here: www.statelinecf.org
What is the mission statement of The Stateline Community Foundation Inc?
The Stateline Community Foundation Inc's mission is centered around improving their community through strategic grant making, civic engagement, and inspired philanthropy. They achieve this by managing various funds, with contributions made by numerous donors. The foundation's competitive grant program provides support to various sectors, including animal and environmental welfare, the arts, community development, capacity building, education, health, and human services. They also have a robust scholarship program, awarding scholarships to high school graduates and adult learners. The Women's Fund focuses on addressing funding gaps in the needs of women and girls, while the Literacy for Life Initiative emphasizes the benefits of parent-child communication. Overall, the foundation's activities aim to enhance various aspects of their community.
Official website here: www.statelinecf.org
Who is the CEO of The Stateline Community Foundation Inc?
Tara Tinder is the Executive Director of The Stateline Community Foundation Inc.
Official website here: www.statelinecf.org
What is the revenue of The Stateline Community Foundation Inc?
The Stateline Community Foundation Inc's revenue in 2022 was $1,167,440.
Official website here: www.statelinecf.org
Who are the executives of The Stateline Community Foundation Inc and what are their salaries?
The average compensation at The Stateline Community Foundation Inc during 2022 was $63,984. There are 5 employees and 60 volunteers at The Stateline Community Foundation Inc.
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- Compensation: $96,952
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- Other: $2,909
Official website here: www.statelinecf.org
Where can I find the form 990 for The Stateline Community Foundation Inc?
The Stateline Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.statelinecf.org
Learn more at the official website: www.statelinecf.org
Mission Statement of The Stateline Community Foundation Inc
The Stateline Community Foundation Inc, a philanthropic organization, is dedicated to improving its community through strategic grant making, civic engagement, and inspired philanthropy. This mission is carried out by managing various funds, with 10 new funds added in 2022, and making contributions to various sectors such as animal and environmental welfare, the arts, community development, capacity building, education, and health and human services. The foundation also awards scholarships to high school graduates and adult learners through its robust scholarship program.
In addition to grant making and scholarships, The Stateline Community Foundation Inc is engaged in civic activities. It engages volunteers to review applications for its competitive programs, demonstrating its commitment to community involvement. One of its specific initiatives is The Women's Fund, which addresses funding gaps in the needs of women and girls, focusing on health and stability, safety and security, opportunity, and leadership. Another initiative, Literacy for Life, emphasizes the benefits of parent-child communication, aiming to improve outcomes in health, education, teen risk behaviors, crime, income, and employment.
In summary, The Stateline Community Foundation Inc is a philanthropic organization that aims to improve its community through strategic grant making, civic engagement, and inspired philanthropy. It manages various funds, makes contributions to various sectors, awards scholarships, and engages in civic activities such as reviewing application for competitive programs and running initiatives like The Women's Fund and Literacy for Life.
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Impact
July, 2024
The Stateline Community Foundation Inc has made a significant impact on the Beloit community through its strategic grant making, civic engagement, and inspired philanthropy efforts. In 2022, the foundation managed 166 funds, including 10 new funds, all governed by formal agreements reflecting donors' charitable intentions.
With contributions totaling $880,028 from 385 donors, the foundation's competitive grant program awarded 145 grants to 70 agencies supporting various causes such as animal and environmental welfare, the arts, community development, education, and health and human services in the service area. Additionally, the foundation's robust scholarship program awarded 80 scholarships to 61 high school graduates and adult learners.
The foundation's Women's Fund focuses on addressing funding gaps in the needs of women and girls in Beloit, emphasizing health and stability, safety and security, opportunity, and leadership. Furthermore, the Literacy for Life initiative aims to enhance parent-child communication for improved outcomes in health, education, teen risk behaviors, crime, income, and employment.
Through these initiatives and programs, The Stateline Community Foundation Inc is actively working to enhance the well-being and quality of life for individuals and communities in Beloit, Wisconsin.
This information is meant to be a general summary of The Stateline 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: $522,083
- Program Service Revenue: $13,216
- Gross Receipts: $7,844,455
Assets and Liabilities:
- Total Assets: $13,245,352
- Total Liabilities: $1,136,357
- Net Assets: $12,108,995
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$13,216
Organization Details
Founding Year
1986
Phone
(608) 362-4228Principal Officer
Tara Tinder
Main Address
690 THIRD STREET 110, BELOIT, WI, 53511
Website
www.statelinecf.orgNTEE Category
Code: T31 - Philanthropy
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