Overview
What is Hills Bank Donor Advised Gift Fund?
Hills Bank Donor Advised Gift Fund is a charitable organization, situated in North Liberty, Iowa. Their primary function involves providing financial assistance to over 300 other non-profit organizations, under Section 501(c)(3) of the Internal Revenue Code, that are not classified as private foundations. The fund grants are exclusively in the form of cash, intended for the recipient organizations' general support. Their mission is centered around distributing financial resources to eligible charitable entities, contributing to various causes within their community and beyond.
What are the reviews and ratings of this charity?
Hills Bank Donor Advised Gift Fund has received a Three-Star out of Four Star rating from Charity Navigator with an overall score of 75%. This score is primarily based on the Accountability & Finance beacon, which indicates a moderate level of fiscal responsibility. The organization demonstrates solid financial practices, marked by a 97.58% Program Expense Ratio and an impressive working capital ratio of 4.24 years, suggesting effective use of funds toward its programs.
Despite the favorable indicators, there are certain areas for improvement. Notably, the charity lacks critical policies such as a Whistleblower Policy and a Document Retention and Destruction Policy, both of which are important for transparency and governance. Additionally, the absence of a publicly accessible website listed on the tax form may hinder public engagement and accountability.
Unfortunately, user reviews from GreatNonprofits were not available, limiting insight into individual experiences with the organization. Overall, while Hills Bank Donor Advised Gift Fund shows strong financial metrics, enhancing its governance policies could further strengthen its credibility and efficacy.
This AI summary has been generated from information found on Charity Navigator.
Is Hills Bank Donor Advised Gift Fund legitimate?
Hills Bank Donor Advised Gift Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hills Bank Donor Advised Gift 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Hills Bank Donor Advised Gift Fund?
The Hills Bank Donor Advised Gift Fund's mission is primarily focused on providing financial aid. Specifically, it makes cash grants to organizations that fall under Section 501(c)(3) of the Internal Revenue Code, excluding private foundations under Section 509. These grants are intended to support the general operations of these charitable organizations. The Hills Bank Donor Advised Gift Fund's mission is to contribute to the causes these organizations advocate for, thereby indirectly contributing to various social, educational, or community initiatives. The specific grants made by the fund are detailed in Schedule I of its return.
Who is the CEO of Hills Bank Donor Advised Gift Fund?
Jeffrey Ritchie is the President Of Trustee of Hills Bank Donor Advised Gift Fund.
What is the revenue of Hills Bank Donor Advised Gift Fund?
Hills Bank Donor Advised Gift Fund's revenue in 2022 was $8,174,853.
Who are the executives of Hills Bank Donor Advised Gift Fund and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hills Bank Donor Advised Gift Fund?
Hills Bank Donor Advised Gift Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hills Bank Donor Advised Gift Fund
The Hills Bank Donor Advised Gift Fund, as its mission, focuses on providing financial aid to various charitable organizations. This fund, exempt under Section 501(c)(3) of the Internal Revenue Code, grants cash to these organizations, ensuring they can continue their non-profit operations. Crucially, the Hills Bank Donor Advised Gift Fund strictly avoids supporting private foundations, as per Section 509 of the Internal Revenue Code. The fund's grants are distributed in the form of cash, and a comprehensive list of these contributions is detailed in Schedule I of their tax returns.
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Impact
July, 2024
The impact of Hills Bank Donor Advised Gift Fund is significant in supporting over 300 charitable organizations through cash grants. These grants provide general support to organizations that are tax-exempt nonprofits under Section 501(c)(3) of the Internal Revenue Code and are not private foundations under Section 509. By providing financial assistance in the form of cash grants, the fund plays a crucial role in advancing the philanthropic efforts of various nonprofit organizations. Their mission focuses on making a positive impact by facilitating grants to further the missions of other charitable entities.
This information is meant to be a general summary of Hills Bank Donor Advised Gift 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: $220,115
- Gross Receipts: $11,115,729
Assets and Liabilities:
- Total Assets: $18,179,899
- Total Liabilities: $0
- Net Assets: $18,179,899
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Organization Details
Founding Year
1997
Phone
(319) 338-1522Principal Officer
Jeffrey Ritchie
Main Address
590 West Forevergreen Road, North Liberty, IA, 523178507
NTEE Category
Code: T70 - Philanthropy
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