Overview
What is Mount Horeb Community Foundation?
The Mount Horeb Community Foundation is a charitable organization situated in Mount Horeb, Wisconsin. Its primary mission is to collect donations from individuals who wish to contribute to the future well-being of the community. The foundation's role extends beyond just receiving contributions; it also distributes grants to local organizations that align with this objective. By doing so, the foundation aims to positively impact the surrounding area's future. This nonprofit organization operates with a strong commitment to supporting community organizations and fostering growth and development within Mount Horeb.
Official website here: www.mhcfound.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star Rating)
The Mount Horeb Community Foundation has received a three-star rating from Charity Navigator, indicating a solid level of accountability and financial health. The rating is based solely on the Accountability & Finance score, which stands at 75%. This score reflects a commendable structure with an independent board and no material diversion of assets, suggesting that the foundation is well-managed and adheres to transparency in financial dealings.
However, the foundation's rating is impacted by the absence of several key policies, including conflict of interest and whistleblower policies, which both received zero points. Additionally, the nonprofit did not meet the requirements for document retention and destruction policies, which may indicate areas for improvement in governance practices. Despite these shortcomings, the foundation maintains a strong program expense ratio, directing a significant portion of its resources toward its programs.
Overall, while the Mount Horeb Community Foundation demonstrates good fiscal responsibility and governance with its independent board and low liabilities, it should address its policy gaps to enhance transparency and accountability further. This would not only strengthen its rating but also build greater trust within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Mount Horeb Community Foundation legitimate?
Mount Horeb Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mount Horeb 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.
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Official website here: www.mhcfound.org
What is the mission statement of Mount Horeb Community Foundation?
The Mount Horeb Community Foundation's mission revolves around receiving donations and requests from individuals who wish to contribute to the community's future well-being. Their primary objective is to distribute these funds as grants to local organizations, thereby benefiting the surrounding area's future welfare. The foundation plays a crucial role in supporting the local community by channeling resources towards initiatives that promote its overall betterment.
Official website here: www.mhcfound.org
Who is the CEO of Mount Horeb Community Foundation?
Peter Waltz is the Vice Preside of Mount Horeb Community Foundation.
Official website here: www.mhcfound.org
What is the revenue of Mount Horeb Community Foundation?
Mount Horeb Community Foundation's revenue in 2022 was $51,811.
Official website here: www.mhcfound.org
Who are the executives of Mount Horeb Community Foundation and what are their salaries?
Here are 24 key members and their salaries:
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Official website here: www.mhcfound.org
Where can I find the form 990 for Mount Horeb Community Foundation?
Mount Horeb Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mhcfound.org
Learn more at the official website: www.mhcfound.org
Mission Statement of Mount Horeb Community Foundation
The Mount Horeb Community Foundation serves as a platform for individuals who wish to contribute to the betterment of their community's future. Its primary mission is to receive donations and requests, channeling these resources towards organizations in the Mount Horeb area that work towards enhancing the community's welfare. The foundation's purpose is to distribute grants to these organizations, thereby fostering a positive impact on the surrounding area. By supporting these community organizations, the Mount Horeb Community Foundation plays a crucial role in shaping a prosperous future for its community.
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Impact
August, 2024
Mount Horeb Community Foundation impacts the Mount Horeb community by distributing grants to local organizations that benefit the future welfare of the surrounding area. Through the generosity of donors and the strategic allocation of funds, the foundation plays a crucial role in supporting initiatives that enhance the quality of life for residents in Mount Horeb and contribute to the overall well-being of the community.
This information is meant to be a general summary of Mount Horeb 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: $2,107
- Gross Receipts: $705,027
Assets and Liabilities:
- Total Assets: $2,026,446
- Total Liabilities: $73,412
- Net Assets: $1,953,034
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Organization Details
Founding Year
1988
Phone
(608) 437-8283Principal Officer
Peter Waltz
Main Address
PO BOX 66, MOUNT HOREB, WI, 53572
Website
www.mhcfound.orgNTEE Category
Code: T31 - Philanthropy
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