Overview
What is Upper Cumberland Entreprenurial Foundation?
The Upper Cumberland Entrepreneurial Foundation, based in Cookeville, Tennessee, is a nonprofit organization with a mission to foster the growth of entrepreneurial ventures. They achieve this by bridging the gap between innovation, education, mentorship, and investments, catering to ambitious entrepreneurs within their community. The foundation's activities aim to support the successful development of these companies, contributing to the local economy and fostering an environment for innovation and prosperity. With a team of seven dedicated individuals, the Upper Cumberland Entrepreneurial Foundation plays a significant role in nurturing aspiring entrepreneurs and their ventures in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
The Upper Cumberland Entrepreneurial Foundation has earned a one-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. With a 50% overall score, the organization struggles particularly with governance issues, as it has no independent board members. This lack of independent oversight raises questions about the decision-making processes and transparency within the organization.
Despite the rating shortcomings, the foundation demonstrates some strengths, particularly in its program expense ratio, which stands at 80%. This suggests that a substantial portion of its funds is directed towards its mission-related activities. Additionally, the foundation has received full points for its audit and oversight committee, indicating that it maintains some degree of financial oversight.
However, the foundation has several critical areas needing improvement, such as missing key policies on conflict of interest, whistleblowing, and document retention. Furthermore, there are deficiencies in its financial reporting practices, including a lack of transparency regarding board meeting minutes and the publication of tax forms on its website. These limitations contribute to the foundation's low rating and highlight the need for enhanced governance and accountability measures.
This AI summary has been generated from information found on Charity Navigator.
Is Upper Cumberland Entreprenurial Foundation legitimate?
Upper Cumberland Entreprenurial Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Upper Cumberland Entreprenurial 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:
Executive Compensation: $91,900
Professional Fundraising Fees: $0
Other Salaries and Wages: $119,357
For more financial information, click here
What is the mission statement of Upper Cumberland Entreprenurial Foundation?
The Upper Cumberland Entrepreneurial Foundation's mission is centered around supporting the growth and success of entrepreneurial companies. This is achieved by aligning innovation, education, mentorship, and investments with ambitious entrepreneurs. The organization's primary objective is to foster an environment that nurtures these businesses, ultimately contributing to their long-term development.
Who is the CEO of Upper Cumberland Entreprenurial Foundation?
Unavailable The CEO's salary of Upper Cumberland Entreprenurial Foundation is $91,900 and their total compensation is $91,900.
What is the revenue of Upper Cumberland Entreprenurial Foundation?
Upper Cumberland Entreprenurial Foundation's revenue in 2022 was $526,502.
Who are the executives of Upper Cumberland Entreprenurial Foundation and what are their salaries?
The average compensation at Upper Cumberland Entreprenurial Foundation during 2022 was $30,180. There are 7 employees at Upper Cumberland Entreprenurial Foundation.
Here are 8 key members and their salaries (Upper Cumberland Entreprenurial Foundation's CEO's salary is $91,900 and their total compensation is $91,900):
- Compensation: $91,900
- 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
Where can I find the form 990 for Upper Cumberland Entreprenurial Foundation?
Upper Cumberland Entreprenurial Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Upper Cumberland Entreprenurial Foundation
The Upper Cumberland Entrepreneurial Foundation is dedicated to fostering the growth and success of entrepreneurial ventures. This nonprofit organization achieves this goal by strategically aligning innovation, education, mentorship, and investment opportunities with aspiring entrepreneurs. By doing so, the Upper Cumberland Entrepreneurial Foundation aims to empower these individuals, providing them with the necessary resources to bring their business ideas to life. In essence, the mission of the Upper Cumberland Entrepreneurial Foundation is to serve as a catalyst for entrepreneurial success, enabling innovators to turn their visions into thriving companies.
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Impact
July, 2024
Upper Cumberland Entreprenurial Foundation has a significant impact on the entrepreneurial landscape in Cookeville, TN. By providing support for the successful development of entrepreneurial companies, the foundation plays a crucial role in fostering innovation, education, mentorship, and investments for aspiring entrepreneurs. Through its initiatives, the foundation contributes to the growth and sustainability of local businesses, ultimately leading to community improvement and economic prosperity in the region.
This information is meant to be a general summary of Upper Cumberland Entreprenurial 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.
- Program Service Revenue: $9,767
- Gross Receipts: $526,502
Assets and Liabilities:
- Total Assets: $628,859
- Total Liabilities: $501,395
- Net Assets: $127,464
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE FEES
Revenue
$9,767
Organization Details
Phone
(931) 210-5105Main Address
114 N CEDAR AVE, COOKEVILLE, TN, 38501
NTEE Category
Code: S32 - Community improvement
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