Overview
What is Farnam Senior Community Center?
The Farnam Senior Community Center, located in Farnam, Nebraska, serves as a vital resource for the elderly community. Their primary mission involves operating a food bank and preparing and serving nutritious meals. Beyond this, they offer recreational activities designed to engage and uplift the elderly population, fostering a sense of community and well-being. With a dedicated team of one individual, this nonprofit center is committed to enriching the lives of senior citizens in the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Stars)
The Farnam Senior Community Center has received a Two-Star rating by Charity Navigator, indicating areas for improvement in its accountability and finance practices. The overall score is primarily based on the organization's accountability metrics, with a particular strength in its independent board composition, where it achieved a full score for having all board members independent. The program expense ratio is also commendable at nearly 83%, suggesting a strong focus on programmatic spending relative to its total expenses.
However, significant gaps exist in its governance policies, as the organization has not established a conflict of interest policy, a whistleblower policy, or a document retention and destruction policy, all of which are critical for transparency and ethical governance. Additionally, the charity's website does not list important documents, such as its tax forms, which negatively impacts its score in this area. These factors contribute to its lower overall rating and highlight the need for improvement in organizational practices.
While the Farnam Senior Community Center demonstrates strengths in financial management and board independence, the absence of essential governance policies and transparency measures limits its effectiveness. Addressing these deficiencies could enhance its accountability and overall rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Farnam Senior Community Center legitimate?
Farnam Senior Community Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Farnam Senior Community Center 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: $18,066
For more financial information, click here
What is the mission statement of Farnam Senior Community Center?
The Farnam Senior Community Center's mission is centered around serving the elderly community. It operates a food bank and prepares and serves nutritious meals for its senior members. Additionally, the center offers recreational activities to keep the elderly engaged and active. By providing these essential services, the Farnam Senior Community Center aims to enhance the quality of life for its senior population. The center's activities foster social interaction and promote overall well-being among its elderly patrons.
Who is the CEO of Farnam Senior Community Center?
Ruth Ann Hess is the Treasurer of Farnam Senior Community Center.
What is the revenue of Farnam Senior Community Center?
Farnam Senior Community Center's revenue in 2022 was $35,846.
Who are the executives of Farnam Senior Community Center and what are their salaries?
The average compensation at Farnam Senior Community Center during 2022 was $18,066. There is 1 employee at Farnam Senior Community Center.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
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- Related: $0
- Other: $0
- Compensation: $0
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- 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 990 for Farnam Senior Community Center?
Farnam Senior Community Center's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Farnam Senior Community Center
Farnam Senior Community Center is dedicated to serving the elderly community. Its primary mission involves operating a food bank and preparing and serving nutritious meals for elderlies. Beyond this, the center also offers recreational activities designed to engage and entertain the elderly population. By providing these services, Farnam Senior Community Center aims to enhance the quality of life for its senior members.
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Impact
August, 2024
Farnam Senior Community Center plays a vital role in the well-being of the elderly population in Farnam, Nebraska. Through its food bank operations and meal preparation services, the center ensures that seniors have access to nutritious meals. Additionally, by offering recreational activities, the center contributes to the social and emotional fulfillment of the elderly residents. Overall, Farnam Senior Community Center has a direct impact on improving the quality of life for seniors in the community.
This information is meant to be a general summary of Farnam Senior Community Center. 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: $54
- Program Service Revenue: $30,537
- Gross Receipts: $35,846
Assets and Liabilities:
- Total Assets: $44,153
- Total Liabilities: $0
- Net Assets: $44,153
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEALS
Revenue
$16,978
DONATION MEALS
Revenue
$13,559
Organization Details
Founding Year
1993
Principal Officer
Ruth Ann Hess
Main Address
214 MAIN STREET PO BOX 51, FARNAM, NE, 69029
NTEE Category
Code: P81 - Human services
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