Overview
What is Mid-Nebraska Community Foundation?
The Mid-Nebraska Community Foundation is a charitable organization based in North Platte, Nebraska. With a modest staff of five individuals, its primary mission is to support and uplift the community by funding projects in various sectors such as education, arts and culture, environment, health, and human services. This nonprofit organization does not operate its own programs but instead provides financial aid to other worthy non-profit organizations that share similar objectives. Additionally, Mid-Nebraska Community Foundation offers scholarships to deserving students, contributing to the educational growth of the region.
Official website here: www.midnebraskafoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Stars)
The Mid-Nebraska Community Foundation has earned a Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The foundation's score is notable for having achieved a perfect score in several categories, which underscores its commitment to transparency and effective management of resources. With a focus on independent governance, the organization is led by a fully independent board of members, ensuring that decisions are made with objectivity and integrity.
Key strengths of the foundation include a high program expense ratio of 91.40%, indicating that a significant portion of its funds is directed toward its programs rather than administrative costs. Additionally, the foundation demonstrates excellent fundraising efficiency, with costs of fundraising being only $0.01 per dollar raised. This efficiency points to an effective strategy in mobilizing resources to support its mission.
However, it's worth noting that the organization lacks a whistleblower policy, which might raise concerns about internal reporting and accountability practices. Despite this limitation, the overall financial health of the Mid-Nebraska Community Foundation is robust, with a strong working capital ratio indicating a substantial buffer to support its operations and commitments.
This AI summary has been generated from information found on Charity Navigator.
Is Mid-Nebraska Community Foundation legitimate?
Mid-Nebraska Community Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mid-Nebraska 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: $102,640
Professional Fundraising Fees: $0
Other Salaries and Wages: $85,474
For more financial information, click here
Official website here: www.midnebraskafoundation.org
What is the mission statement of Mid-Nebraska Community Foundation?
The Mid-Nebraska Community Foundation aims to assist charitable individuals and noble causes within its region. Unlike managing specific programs itself, the foundation supports various non-profit organizations that carry out such initiatives. Additionally, it provides scholarships to deserving students. The foundation demonstrates its commitment by distributing grants for community enhancements, education, arts and culture, environmental projects, healthcare, and human service initiatives.
Official website here: www.midnebraskafoundation.org
Who is the CEO of Mid-Nebraska Community Foundation?
Eric Seacrest is the Executive Di of Mid-Nebraska Community Foundation.
Official website here: www.midnebraskafoundation.org
What is the revenue of Mid-Nebraska Community Foundation?
Mid-Nebraska Community Foundation's revenue in 2022 was $6,460,708.
Official website here: www.midnebraskafoundation.org
Who are the executives of Mid-Nebraska Community Foundation and what are their salaries?
The average compensation at Mid-Nebraska Community Foundation during 2022 was $37,623. There are 5 employees and 250 volunteers at Mid-Nebraska Community Foundation.
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Official website here: www.midnebraskafoundation.org
Where can I find the form 990 for Mid-Nebraska Community Foundation?
Mid-Nebraska Community Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.midnebraskafoundation.org
Learn more at the official website: www.midnebraskafoundation.org
Mission Statement of Mid-Nebraska Community Foundation
Mid-Nebraska Community Foundation is an organization committed to serving charitable individuals and worthy causes in its region. Unlike other foundations that run their own programs, Mid-Nebraska Community Foundation chooses to support existing non-profit organizations in achieving their goals. In addition to this, the foundation also provides scholarships to aspiring students. The organization's activities are focused on various sectors, including community improvements, education, arts and culture, environment, health, and human services. By providing grants for projects in these areas, Mid-Nebraska Community Foundation contributes to the betterment of its community, thereby fulfilling its mission to support beneficial causes and empower deserving students.
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Impact
July, 2024
Mid-Nebraska Community Foundation has a significant impact on the community by providing grants for community improvements, education, arts and culture, environment, and health and human service projects. This support helps to address various needs and enhance the quality of life in North Platte, NE, and the surrounding region. Additionally, the foundation's provision of scholarships to students further contributes to the development and success of individuals in the community. Through their philanthropic efforts, Mid-Nebraska Community Foundation plays a crucial role in fostering positive change and supporting worthy causes in the region.
This information is meant to be a general summary of Mid-Nebraska 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.
- Investment Income: $1,572,951
- Gross Receipts: $6,460,708
Assets and Liabilities:
- Total Assets: $35,710,722
- Total Liabilities: $9,072,301
- Net Assets: $26,638,421
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Organization Details
Founding Year
1978
Phone
(308) 534-3315Principal Officer
Eric Seacrest
Main Address
P O BOX 1321, NORTH PLATTE, NE, 691031321
NTEE Category
Code: T31 - Philanthropy
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