Overview
What is Four Bands Community Fund Inc?
Four Bands Community Fund Inc, situated in Eagle Butte, South Dakota, is a dedicated nonprofit organization. Its primary mission is to foster economic development and enhance the quality of life for the residents of the Cheyenne River Indian Reservation. They achieve this by supporting local entrepreneurs through training, business incubation, and providing access to capital. The goal is to promote self-sufficiency and improve both individual and tribal economic conditions, ultimately benefiting all communities on the reservation. The organization, with a team of 11 employees, operates with a commitment to bettering the lives of their community.
Official website here: www.fourbands.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%
Four Bands Community Fund Inc has achieved a commendable Four-Star out of Four Star rating from Charity Navigator, indicating strong performance in both accountability and finance. The organization scored 97% in Accountability & Finance and a perfect 100% in Culture & Community, reflecting its commitment to transparency and community engagement. The presence of a fully independent board and robust financial oversight contributes to its high marks in governance.
The nonprofit's financial health is evident in its impressive program expense ratio of 81.63%, demonstrating that a significant portion of its funding directly supports its initiatives. Additionally, the organization has a favorable liabilities to assets ratio of 31.70%, indicating a stable financial position. The long working capital ratio of 6.65 years suggests that the organization is well-prepared to sustain its operations over the long term.
However, there is a noted concern regarding fundraising efficiency, with a ratio of $0.002, which may imply that the organization could enhance its fundraising strategies. Despite this limitation, Four Bands Community Fund Inc's strong emphasis on feedback collection and usage showcases its dedication to continuous improvement and responsiveness to community needs.
This AI summary has been generated from information found on Charity Navigator.
Is Four Bands Community Fund Inc legitimate?
Four Bands Community Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Four Bands Community Fund 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: $126,799
Professional Fundraising Fees: $0
Other Salaries and Wages: $631,439
For more financial information, click here
Official website here: www.fourbands.org
What is the mission statement of Four Bands Community Fund Inc?
Four Bands Community Fund Inc's mission is centered around enhancing the economic development and self-sufficiency of a specific community. This mission aims to improve the quality of life for all residents within the community, in this case, the Cheyenne River Indian Reservation. The organization accomplishes this by providing support to local entrepreneurs through training, business incubation, and access to capital. This, in turn, encourages economic growth and development within the community, ultimately benefiting its residents.
Official website here: www.fourbands.org
Who is the CEO of Four Bands Community Fund Inc?
Kelsey Scott is the Chairperson of Four Bands Community Fund Inc.
Official website here: www.fourbands.org
What is the revenue of Four Bands Community Fund Inc?
Four Bands Community Fund Inc's revenue in 2022 was $5,954,021.
Official website here: www.fourbands.org
Who are the executives of Four Bands Community Fund Inc and what are their salaries?
The average compensation at Four Bands Community Fund Inc during 2022 was $68,931. There are 11 employees and 9 volunteers at Four Bands Community Fund Inc.
Here are 10 key members and their salaries:
- Compensation: $126,799
- Related: $0
- Other: $10,512
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.fourbands.org
Where can I find the form 990 for Four Bands Community Fund Inc?
Four Bands Community Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fourbands.org
Learn more at the official website: www.fourbands.org
Mission Statement of Four Bands Community Fund Inc
Four Bands Community Fund Inc is committed to enhancing the economic development and self-sufficiency of the Cheyenne River Indian Reservation, ultimately improving the quality of life for all its communities and residents. This nonprofit organization pursues this mission by offering assistance to local entrepreneurs. Through training programs, business incubation, and providing access to capital, Four Bands Community Fund Inc aims to foster economic growth and enhance the living standards of the residents on the reservation. By empowering individuals and the tribal community, this nonprofit organization contributes to a more prosperous and self-sustaining future for the Cheyenne River Indian Reservation.
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Impact
July, 2024
Four Bands Community Fund Inc has made a significant impact on the Cheyenne River Indian Reservation by improving individual and tribal economic development and self-sufficiency. Their mission to assist entrepreneurs through training, business incubation, and access to capital has led to economic growth, job creation, and enhanced quality of life for residents of the reservation. Through their efforts, Four Bands Community Fund Inc has played a crucial role in fostering entrepreneurship, building a more sustainable economy, and ultimately contributing to the overall well-being of the community.
This information is meant to be a general summary of Four Bands Community Fund 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: $10,343
- Program Service Revenue: $864,047
- Gross Receipts: $5,954,021
Assets and Liabilities:
- Total Assets: $24,046,299
- Total Liabilities: $7,624,215
- Net Assets: $16,422,084
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST
Revenue
$699,476
LOAN FEES
Revenue
$98,036
OTHER PROGRAM REVENUE
Revenue
$66,535
Organization Details
Founding Year
2000
Phone
(605) 964-3687Principal Officer
Kelsey Scott
Main Address
101 SOUTH MAIN STREET BOX 932, EAGLE BUTTE, SD, 57625
Website
www.fourbands.orgNTEE Category
Code: S30 - Community improvement
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