Overview
What is Truman Lake Community Foundation?
The Truman Lake Community Foundation is a dedicated nonprofit organization committed to enhancing the living conditions of citizens in Henry County and beyond. By offering grants to eligible organizations, they aim to positively impact the community by addressing various needs and concerns. This philanthropic entity serves as a bridge between community needs and the resources required to meet them, ultimately bettering the lives of Henry County residents and other beneficiaries.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Star rating)
The Truman Lake Community Foundation has received a Two-Star rating from Charity Navigator, primarily due to its accountability and financial practices. While the organization boasts a fully independent board and a strong program expense ratio of 69.66%, it falls short in areas like transparency, lacking financial statements and essential policies, which significantly impacted its overall score.
User feedback from Great Nonprofits highlights the community's positive perception of the foundation, particularly its support for local schools. A volunteer noted the foundation's assistance in acquiring resources like tablets for classrooms, reflecting its engagement in educational initiatives. This suggests that the Truman Lake Community Foundation is recognized for its contributions to community needs, despite its low rating.
However, the foundation's accountability issues, particularly concerning missing documentation and policies, could raise concerns for potential donors and supporters. Addressing these shortcomings could enhance its trustworthiness and operational effectiveness in the community.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Truman Lake Community Foundation legitimate?
Truman Lake Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Truman Lake 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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What is the mission statement of Truman Lake Community Foundation?
The Truman Lake Community Foundation, as a nonprofit organization, strives to enhance conditions in various areas, primarily focusing on Henry County. It achieves this goal by granting funds to organizations, which in turn, benefit the local citizens. The foundation's mission is centered around improving overall living conditions for the community by supporting various organizations and initiatives. It serves as a catalyst for positive change, contributing to the betterment of the community's social, economic, and environmental well-being.
Who is the CEO of Truman Lake Community Foundation?
Jim Cook is the President of Truman Lake Community Foundation.
What is the revenue of Truman Lake Community Foundation?
Truman Lake Community Foundation's revenue in 2022 was $884,310.
Who are the executives of Truman Lake Community Foundation and what are their salaries?
There 30 volunteers at Truman Lake Community Foundation.
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Where can I find the form 990 for Truman Lake Community Foundation?
Truman Lake Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Truman Lake Community Foundation
The Truman Lake Community Foundation, a nonprofit organization, is committed to enhancing conditions in Henry County and beyond. This mission is accomplished by granting funds to various organizations within Henry County and other areas, with the ultimate goal of benefiting the local citizens. The foundation's primary objective is to improve the overall well-being of the community by supporting initiatives that align with their vision. By providing these grants, the Truman Lake Community Foundation acts as a catalyst for positive change, empowering local organizations to make a significant impact in their respective fields.
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Impact
July, 2024
Truman Lake Community Foundation's impact is felt through the funding provided to organizations in Henry County and surrounding areas, ultimately benefiting the citizens of these communities. This support helps improve conditions in Henry County, making a tangible difference in the lives of individuals and the overall well-being of the community.
This information is meant to be a general summary of Truman Lake 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: $403,980
- Gross Receipts: $884,310
Assets and Liabilities:
- Total Assets: $11,179,325
- Total Liabilities: $0
- Net Assets: $11,179,325
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Organization Details
Founding Year
1995
Principal Officer
Jim Cook
Main Address
PO BOX 463, CLINTON, MO, 64735
NTEE Category
Code: T31 - Philanthropy
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