Overview
What is Modern Fund?
Modern Fund is a nonprofit organization that prioritizes direct support for individuals and organizations in need within its service area. In 2022, they extended assistance to individuals and charities in eastern Kentucky, providing over $30,000 in aid. Previously, in 2021, they addressed unforeseen medical expenses, aided tornado victims, and supported various individuals and organizations facing economic challenges, totaling 46 instances. The Modern Fund's mission is to provide financial aid to those who need it most within their community.
Is Modern Fund legitimate?
Modern Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Modern Fund submitted a form 990EZ, 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.
What is the mission statement of Modern Fund?
Modern Fund's mission, as expressed in 2022, is centered around providing direct support to those in need within its operational area. In the previous year, 2021, it managed to assist individuals and charitable institutions in eastern Kentucky with over $30,000. The organization's mission encompasses providing financial aid in various unexpected circumstances, such as medical emergencies, natural disasters, and other economic hardships. In 2021 alone, they offered such support in 46 instances.
Who is the CEO of Modern Fund?
Unavailable
What is the revenue of Modern Fund?
Modern Fund's revenue in 2022 was $91,449.
Who are the executives of Modern Fund and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Modern Fund?
Modern Fund's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Modern Fund
Modern Fund, as an organization, is dedicated to providing direct support to numerous individuals and charitable organizations in need, primarily in its operational region. In 2022, Modern Fund managed to extend assistance worth over $30,000 to individuals and organizations within its service area. The organization's mission in 2021 encompassed providing financial aid in various circumstances. This included supporting individuals facing unforeseen medical expenses, offering aid to those affected by natural disasters such as tornadoes, and assisting individuals navigating other economic challenges. Modern Fund extended its assistance to 46 such instances in 2021, demonstrating its commitment to uplifting the less fortunate within its operational region.
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Impact
October, 2024
Modern Fund plays a significant role in providing direct financial assistance to individuals and organizations in the Somerset, KY region and surrounding areas. In 2022 alone, they delivered over $30,000 in support to those in need, demonstrating a strong commitment to alleviating economic hardships faced by community members.
The impact of Modern Fund is evident through its tailored support, addressing critical situations such as unforeseen medical expenses and disaster recovery, including aid for tornado victims. In 2021, the organization facilitated assistance in 46 distinct instances, showcasing its responsiveness to urgent circumstances affecting local residents. By focusing on human services, Modern Fund effectively strengthens the community fabric, ensuring that vulnerable individuals and families have access to essential resources in times of need.
This information is meant to be a general summary of Modern 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.
- Gross Receipts: $91,449
Assets and Liabilities:
- Total Assets: $44,821
- Total Liabilities: $0
- Net Assets: $44,821
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Organization Details
Phone
(606) 416-4443Main Address
PO BOX 97, SOMERSET, KY, 42502
NTEE Category
Code: P99 - Human services
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