Overview
What is Waucoma Community Development Group?
Waucoma Community Development Group is a nonprofit organization situated in Waucoma, Iowa. Their primary focus is to utilize an event center for various purposes such as receptions, dances, meetings, dance classes, and educational opportunities. Notably, this facility will be offered rent-free to other local nonprofits in the area. Once the building is fully paid off, the organization aims to contribute to the betterment of their community by using the resources at their disposal. The nonprofit employs a small team of two individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating.
The Waucoma Community Development Group has received an 80% rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization excels in governance, boasting a fully independent board with nine members and no material diversion of assets. Their commitment to transparency is evident through documented board meeting minutes and a strong conflict of interest policy.
Financially, the organization demonstrates a robust program expense ratio of 98.20%, meaning that almost all of its expenditures are directed towards its programs. Additionally, they maintain a perfect liabilities to assets ratio of 0.00%, reflecting a strong financial position without debt obligations. This suggests effective management of resources and a focus on fulfilling their mission.
While the organization shows strengths in various accountability metrics, the overall rating of three stars indicates that there may still be room for improvement in areas not detailed in the provided data. Nonetheless, the high scores in critical areas point to a responsible management structure and a commitment to community development.
This AI summary has been generated from information found on Charity Navigator.
Is Waucoma Community Development Group legitimate?
Waucoma Community Development Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. Waucoma Community Development Group 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: $12,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Waucoma Community Development Group?
The Waucoma Community Development Group aims to utilize their event center for various activities such as receptions, dances, meetings, dance classes, and educational opportunities. This center is offered rent-free to local not-for-profit organizations. Once the building is fully paid off, the group intends to contribute to the betterment of their community. Their mission is centered around providing a space for community events and, in the future, using their financial resources to enhance their community's well-being.
Who is the CEO of Waucoma Community Development Group?
James Franzen is the Secretary/Tr of Waucoma Community Development Group.
What is the revenue of Waucoma Community Development Group?
Waucoma Community Development Group's revenue in 2022 was $102,826.
Who are the executives of Waucoma Community Development Group and what are their salaries?
The average compensation at Waucoma Community Development Group during 2022 was $6,375. There are 2 employees and 27 volunteers at Waucoma Community Development Group.
Here are 9 key members and their salaries:
- Compensation: $10,200
- Related: $0
- Other: $0
- Compensation: $2,550
- 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 Waucoma Community Development Group?
Waucoma Community Development Group's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Waucoma Community Development Group
Waucoma Community Development Group, a nonprofit organization, operates an event center with a mission to serve various purposes. Primarily, the center is utilized for hosting receptions, dances, meetings, dance classes, and other educational opportunities. Notably, this facility is made available free of charge for other local nonprofit organizations. Once the building is fully paid off, the organization aims to contribute to the betterment of their community. Their vision extends beyond the event center, envisioning a future where they can make a significant impact on their community's well-being.
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Impact
October, 2024
Waucoma Community Development Group significantly enhances the local community through the establishment of an event center. This versatile facility serves as a venue for receptions, dances, meetings, and dance classes, fostering social connections and cultural engagement among residents. By offering the space rent-free to other area nonprofit organizations, it supports various community initiatives, promoting collaboration and resource-sharing.
The event center is not just a place for gatherings; it is a hub for educational opportunities and community development. Once the building is fully paid off, Waucoma Community Development Group plans to further its impact by investing in projects that improve the quality of life in the community. This commitment to contributing to the betterment of Waucoma ensures that the community continues to thrive and grow. Overall, its initiatives create a vibrant environment that encourages participation, learning, and togetherness among residents of all ages.
This information is meant to be a general summary of Waucoma Community Development Group. 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: $2,430
- Program Service Revenue: $39,953
- Gross Receipts: $133,617
Assets and Liabilities:
- Total Assets: $854,583
- Total Liabilities: $0
- Net Assets: $854,583
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$36,125
MISC
Revenue
$2,624
CAN & BOTTLE DEPOSITS
Revenue
$708
INSURANCE REFUND
Revenue
$496
Organization Details
Founding Year
2014
Phone
(563) 776-4064Principal Officer
James Franzen
Main Address
PO BOX 5, WAUCOMA, IA, 52171
NTEE Category
Code: W99 - Public benefit
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