Overview
What is South Central Power Company Foundation?
The South Central Power Company Foundation is a charitable organization situated at 720 Mill Park Drive, Lancaster, Ohio 43130. Its primary mission is to collect and distribute funds for benevolent causes within the service area and surrounding communities of South Central Power Company. In fulfilling this mission, the foundation has granted scholarships and financial aid to 113 charitable organizations and 97 individuals pursuing higher education. The foundation's activities are focused on supporting the needs and development of the communities it serves.
Official website here: www.southcentralpower.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Stars
The South Central Power Company Foundation has received an overall rating of 81%, which translates to a Three-Star designation on Charity Navigator. This score is derived solely from its Accountability & Finance metrics, indicating a strong focus on transparency and responsible financial management. The charity's solid score reflects its commitment to maintaining a majority independent board and ensuring that all governance structures are in place.
The foundation excels in various key areas, including having a 100% independent board, a perfect score for its material diversion of assets, and a program expense ratio of 99.53%. These metrics suggest that the organization effectively allocates its resources towards its mission-driven programs. Additionally, it adheres to established policies regarding conflict of interest, whistleblowing, and document retention, further emphasizing its dedication to ethical practices.
While the foundation's financial accountability is commendable, the data does not provide insights into the outcomes or impact of its programs. This limitation may be important for potential donors or stakeholders seeking to understand the effectiveness of the charity's initiatives beyond financial metrics. Overall, the foundation demonstrates a strong commitment to accountability, but further information on program impact would enhance its overall assessment.
This AI summary has been generated from information found on Charity Navigator.
Is South Central Power Company Foundation legitimate?
South Central Power Company Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Central Power Company 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.
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Official website here: www.southcentralpower.com
What is the mission statement of South Central Power Company Foundation?
The South Central Power Company Foundation's mission is centered around accumulating and distributing funds for charitable purposes within its service territory and surrounding communities. This non-profit organization actively seeks to contribute to various causes, demonstrating its commitment to enhancing the lives of people in these areas. The foundation has been instrumental in disbursing grants and scholarships, promoting education and charitable endeavors within its reach.
Official website here: www.southcentralpower.com
Who is the CEO of South Central Power Company Foundation?
Donald Jones is the Chairman/Director of South Central Power Company Foundation.
Official website here: www.southcentralpower.com
What is the revenue of South Central Power Company Foundation?
South Central Power Company Foundation's revenue in 2022 was $648,390.
Official website here: www.southcentralpower.com
Who are the executives of South Central Power Company Foundation and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.southcentralpower.com
Where can I find the form 990 for South Central Power Company Foundation?
South Central Power Company Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.southcentralpower.com
Learn more at the official website: www.southcentralpower.com
Mission Statement of South Central Power Company Foundation
The South Central Power Company Foundation is a charitable organization with a mission to accumulate and distribute funds for beneficial purposes. Its primary focus is on the service territory and surrounding communities associated with South Central Power Company. This foundation is dedicated to making a positive impact in these areas by disbursing funds for charitable endeavors. Additionally, the foundation provides financial support for educational advancement through scholarships, contributing to the development of the community's future leaders.
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Impact
July, 2024
The South Central Power Company Foundation has a significant impact in its service territory and surrounding communities by disbursing grants and scholarships for charitable purposes and advanced education. With a mission to accumulate and disburse funds for these initiatives, the foundation has provided 113 grants and 97 scholarships to support education and charitable causes. Through these efforts, the foundation plays a crucial role in promoting educational opportunities and community development in the area served by South Central Power Company.
This information is meant to be a general summary of South Central Power Company 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.
- Investment Income: $238
- Gross Receipts: $648,390
Assets and Liabilities:
- Total Assets: $376,844
- Total Liabilities: $0
- Net Assets: $376,844
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Organization Details
Founding Year
2014
Phone
(800) 282-5064Principal Officer
Donald Jones
Main Address
720 Mill Park Drive, Lancaster, OH, 43130
Website
www.southcentralpower.comNTEE Category
Code: B82 - Education
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