Overview
What is Shorewood Foundation Inc?
Shorewood Foundation Inc, based in Shorewood, Wisconsin, serves as a platform for local residents and supporters to contribute to the betterment of their community's institutions, facilities, and services. This nonprofit organization's primary mission is to provide an avenue for community engagement and investment, ensuring the continued growth and development of essential resources within Shorewood. The foundation's activities are geared towards fostering a strong and vibrant community, with a focus on supporting the institutions, facilities, and services that make Shorewood a desirable place to live.
Official website here: www.shorewoodfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Star rating)
The Shorewood Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a satisfactory performance in terms of accountability and finance. The overall score largely reflects a strong commitment to financial transparency, with a program expense ratio of 88.54%, suggesting that a significant portion of its funding is directed towards its mission.
Despite the positives, the foundation has notable gaps in some governance policies. It lacks a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which has impacted its overall accountability score. These missing elements may raise concerns regarding the organization's governance practices.
On a positive note, the organization has a fully independent board, with 14 members, and there have been no material diversions of assets reported. Additionally, the foundation maintains proper documentation of board meeting minutes and has its website listed on its tax form, which supports transparency. Overall, while the financial metrics are strong, the absence of certain governance policies could be improved for enhanced accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Shorewood Foundation Inc legitimate?
Shorewood Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Shorewood 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,940
For more financial information, click here
Official website here: www.shorewoodfoundation.org
What is the mission statement of Shorewood Foundation Inc?
The mission of Shorewood Foundation Inc. is to facilitate support for community institutions, facilities, and services. By doing so, they aim to empower individuals within the community to contribute to the betterment of their local resources. The organization's primary objective is to provide a platform for Shorewood residents and their companions to make a difference in their community. This support may encompass various aspects of the community, including its institutions, infrastructure, and services.
Official website here: www.shorewoodfoundation.org
Who is the CEO of Shorewood Foundation Inc?
Alan Purintun is the Board Of Directors of Shorewood Foundation Inc.
Official website here: www.shorewoodfoundation.org
What is the revenue of Shorewood Foundation Inc?
Shorewood Foundation Inc's revenue in 2022 was $21,998.
Official website here: www.shorewoodfoundation.org
Who are the executives of Shorewood Foundation Inc and what are their salaries?
There 50 volunteers at Shorewood Foundation Inc.
Here are 13 key members and their salaries:
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Official website here: www.shorewoodfoundation.org
Where can I find the form 990 for Shorewood Foundation Inc?
Shorewood Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.shorewoodfoundation.org
Learn more at the official website: www.shorewoodfoundation.org
Mission Statement of Shorewood Foundation Inc
The Shorewood Foundation Inc is committed to providing a platform for Shorewood residents and supporters to contribute to the betterment of their community's institutions, facilities, and services. In essence, the mission of this organization is to foster a sense of collective responsibility and engagement among its community members, enabling them to strengthen and sustain the vital aspects of their shared living space. By providing a means for support, the Shorewood Foundation Inc aims to enhance the overall quality of life for its residents, ensuring that their community remains a thriving and vibrant place.
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Impact
August, 2024
Shorewood Foundation Inc facilitates support for community institutions, facilities, and services in Shorewood, Wisconsin. Through its philanthropic efforts, Shorewood Foundation Inc enables residents and friends to make a positive impact on their local community. This support helps strengthen essential services and amenities, contributing to the overall well-being and vibrancy of Shorewood.
This information is meant to be a general summary of Shorewood 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: -$16,478
- Gross Receipts: $21,998
Assets and Liabilities:
- Total Assets: $5,023,233
- Total Liabilities: $1,000
- Net Assets: $5,022,233
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Organization Details
Founding Year
1964
Phone
(414) 745-4929Principal Officer
Alan Purintun
Main Address
4230 N OAKLAND AVE 307, SHOREWOOD, WI, 532112042
Website
www.shorewoodfoundation.orgNTEE Category
Code: T31 - Philanthropy
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