Overview
What is Whitewater Community Foundation?
The Whitewater Community Foundation is a nonprofit organization situated in Whitewater, Wisconsin. Their primary mission is to improve the quality of life within the Whitewater area by allocating funds towards educational, cultural, charitable, and benevolent causes. Through their general fund, they aim to uplift the community in various aspects, contributing to its overall well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (58%)
The Whitewater Community Foundation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its overall performance and effectiveness. While the organization excels in accountability aspects such as having a fully independent board and no material diversion of assets, its overall score reflects weaknesses in financial management and program spending.
Strengths include a fully independent board structure and a solid conflict of interest policy, which are essential for maintaining accountability. The foundation has demonstrated good practices by documenting board meeting minutes and maintaining a favorable liabilities to assets ratio, which reflects sound financial health.
However, the organization struggles with its program expense ratio, which is at 59.26%. This indicates that a notable portion of its spending may not be directed toward its core mission-related programs, raising questions about its operational efficiency and impact on the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Whitewater Community Foundation legitimate?
Whitewater Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Whitewater 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:
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Other Salaries and Wages: $13,709
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What is the mission statement of Whitewater Community Foundation?
The Whitewater Community Foundation's mission is to improve the quality of life in a particular area by supporting educational, cultural, charitable, and benevolent endeavors. This organization aims to make a positive impact through its expenditures, contributing to various sectors that enhance the community's well-being. By focusing on these areas, the foundation intends to contribute to a more enriched and thriving community.
Who is the CEO of Whitewater Community Foundation?
Therese Kennedy is the Treasurer of Whitewater Community Foundation.
What is the revenue of Whitewater Community Foundation?
Whitewater Community Foundation's revenue in 2023 was $1,955,204.
Who are the executives of Whitewater Community Foundation 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 Whitewater Community Foundation?
Whitewater Community Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Whitewater Community Foundation
The Whitewater Community Foundation is dedicated to improving the quality of life in its community. Through educational, cultural, charitable, and benevolent expenditures, this organization strives to make a significant impact. Its mission is to contribute positively to the well-being of the community, ensuring that various aspects of life are enhanced for the better. By focusing on these key areas, the Whitewater Community Foundation aims to foster a thriving and harmonious community.
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Impact
July, 2024
Whitewater Community Foundation enhances the quality of life in the Whitewater area through educational, cultural, charitable, and benevolent expenditures. Their impact is felt through their support of various community initiatives that benefit the residents of Whitewater. Through their work, the foundation contributes to the overall well-being and advancement of the local community, making a positive difference in the lives of those it serves.
This information is meant to be a general summary of Whitewater 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 2023.
- Investment Income: $1,079,740
- Gross Receipts: $2,070,722
Assets and Liabilities:
- Total Assets: $4,119,723
- Total Liabilities: $241
- Net Assets: $4,119,482
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Organization Details
Principal Officer
Therese Kennedy
Main Address
PO BOX 428, WHITEWATER, WI, 53190
NTEE Category
Code: T31 - Philanthropy
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