Overview
What is Desmet Community Foundation?
The Desmet Community Foundation is a nonprofit organization based in De Smet, South Dakota. Its primary objective is to gather resources from both the public and private sectors, with the goal of establishing permanent and accessible endowments for charitable, educational, and scientific purposes. These endowments are dedicated to improving the community as a whole. One of their notable projects involved raising funds for a new sports complex and events center, benefiting both the City of DeSmet and the DeSmet School District. Moreover, the foundation provides a platform for individuals to establish foundations, contributing to the educational and charitable needs of De Smet and its surrounding communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating. This rating reflects a solid performance primarily in the area of Accountability & Finance. The Desmet Community Foundation has met the criteria for high financial integrity and transparency, which is a positive indicator for potential donors.
The foundation boasts a fully independent board, with 100% of its members independent, and has demonstrated a strong commitment to governance by documenting board meeting minutes and maintaining a conflict of interest policy. Furthermore, it has reported no material diversion of assets, ensuring that funds are used appropriately. The low liabilities to assets ratio highlights a sound financial position.
One of the notable strengths is the program expense ratio, which stands at an impressive 92.65%. This indicates that a significant portion of financial resources is directed towards its programs rather than administrative costs. While the rating is commendable, potential donors might want to consider the overall mission and impact of the foundation in their decision-making process.
This AI summary has been generated from information found on Charity Navigator.
Is Desmet Community Foundation legitimate?
Desmet Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Desmet 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.
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 Desmet Community Foundation?
The Desmet Community Foundation's mission is to cater to the educational and charitable needs of various communities by offering a platform for the public to establish foundations. Their primary objective is to accumulate resources from both public and private sectors, with the intention of establishing endowments for long-term, accessible charitable and educational purposes. These initiatives are aimed at improving the community's well-being. Notably, the foundation has taken on significant projects, such as raising funds for a new sports complex and events center for a local city and school district. Additionally, they have supported initiatives like lighting facilities for T-ball games.
Who is the CEO of Desmet Community Foundation?
Rita Anderson is the Trustee of Desmet Community Foundation.
What is the revenue of Desmet Community Foundation?
Desmet Community Foundation's revenue in 2022 was $61,113.
Who are the executives of Desmet Community Foundation and what are their salaries?
There 23 volunteers at Desmet Community Foundation.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Desmet Community Foundation?
Desmet Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Desmet Community Foundation
The Desmet Community Foundation is committed to serving the educational and charitable needs of various communities beyond De Smet, South Dakota. It achieves this mission by providing a platform for the public to establish foundations, thereby accumulating resources from both public and private sectors. These resources are then utilized to create endowments for charitable, educational, scientific, and civic purposes, all aimed at improving the community's overall well-being. A notable project undertaken by the foundation was the fundraising effort for a new sports complex and events center, benefiting the City of DeSmet and the DeSmet School District. This initiative, among others, demonstrates Desmet Community Foundation's dedication to bettering the community it serves.
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Impact
August, 2024
Desmet Community Foundation's impact can be seen in the significant contributions it has made towards the betterment of De Smet, South Dakota, and surrounding communities. One of its major projects involved raising funds for a new sports complex and events center for the City of DeSmet and the DeSmet School District. Additionally, the foundation has supported initiatives like providing lights for T-Ball, showcasing its commitment to enhancing recreational opportunities for residents. By developing resources from the public and private sector, Desmet Community Foundation has established permanent and accessible endowments for charitable, educational, scientific, and civic purposes, ultimately dedicated to the overall advancement of the community.
This information is meant to be a general summary of Desmet 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.
- Gross Receipts: $61,113
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2012
Phone
(605) 203-0216Principal Officer
Rita Anderson
Main Address
PO Box 42, De Smet, SD, 57231
NTEE Category
Code: T30 - Philanthropy
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