Overview
What is Ashland Area Foundation?
The Ashland Area Foundation serves as a substantial aid to the community of Ashland, Nebraska. Acting as a catalyst, it raises awareness of the community's needs and serves as a medium to accumulate funds to achieve these goals. The foundation collaborates with numerous local organizations, such as the Ashland Library Foundation, Ashland Chamber of Commerce, and the Ashland Fire Department Community Directed Funds, to name a few. Their initiatives span various sectors, including agriculture and fine arts, aiming to enhance the community's well-being. Remarkably, they have managed to minimize their fundraising expenses to $78,557.00, demonstrating their commitment to efficient resource allocation.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star Rating.
The Ashland Area Foundation has received a Two-Star rating from Charity Navigator, indicating some strengths in accountability and finance but also significant areas needing improvement. The organization stands out with a fully independent board and demonstrates fiscal responsibility, evidenced by a program expense ratio of nearly 80%, which suggests a strong focus on its mission-related activities.
However, the foundation faces critical shortcomings in transparency and governance, reflected in its score for financial statements and missing policies. It has not provided financial statements or key governance documents, such as a conflict of interest policy or a whistleblower policy, which are essential for building trust and accountability within the community it serves.
Overall, while the Ashland Area Foundation shows promise in program execution and board independence, its lack of necessary documentation and policies detracts from its overall effectiveness and transparency, warranting attention and improvement in these critical areas.
This AI summary has been generated from information found on Charity Navigator.
Is Ashland Area Foundation legitimate?
Ashland Area Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ashland Area 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: $0
Professional Fundraising Fees: $78,557
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Ashland Area Foundation?
The Ashland Area Foundation serves as a catalyst in raising awareness about the community's needs and functions as a medium to gather funds to achieve these community objectives. It operates as a resource for various organizations, including the Ashland Library Foundation, Ashland Chamber of Commerce, Ashland Fire Department Community Directed Funds, Ashland Youth Wrestling, Ashland Youth Programs, and the Ashland Community Resource Center. The foundation engages in initiatives focused on the agricultural sector and fine arts, managing to keep its fundraising costs relatively low at $78,557.00. In essence, its mission is to foster community growth and development by addressing pressing needs and mobilizing resources.
Who is the CEO of Ashland Area Foundation?
David N Lutton is the President of Ashland Area Foundation.
What is the revenue of Ashland Area Foundation?
Ashland Area Foundation's revenue in 2022 was $972,568.
Who are the executives of Ashland Area Foundation and what are their salaries?
There 25 volunteers at Ashland Area Foundation.
Here are 8 key members and their salaries:
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- Other: $0
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- Other: $0
Where can I find the form 990 for Ashland Area Foundation?
Ashland Area Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ashland Area Foundation
The Ashland Area Foundation, serving as a beacon for its community, aims to foster awareness of the needs within Ashland and functions as a bridge to gather funds to achieve community objectives. As a resourceful entity, the foundation collaborates with various organizations such as the Ashland Library Foundation, Ashland Chamber of Commerce, Ashland Fire Department Community Directed Funds, Ashland Youth Wrestling, Ashland Youth Programs, and the Ashland Community Resource Center, among others. The foundation's mission is multifaceted, encompassing initiatives in the agricultural sector and the fine arts. Remarkably, the foundation is successful in minimizing its fundraising expenses, amounting to $78,557.00, demonstrating its efficiency and commitment to its community goals.
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Impact
July, 2024
Ashland Area Foundation serves as a crucial resource for the community of Ashland, Nebraska. It plays a vital role in raising awareness of the town's needs and acts as a conduit to raise funds to achieve community goals. The foundation has established partnerships with key organizations in Ashland, such as the Ashland Library Foundation, Ashland Chamber of Commerce, and Ashland Fire Department Community Directed Funds, among others. Through various programs in agriculture, fine arts, and community services, Ashland Area Foundation effectively manages to reduce fundraising costs while still making a significant impact in the community.
This information is meant to be a general summary of Ashland Area 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: $603
- Gross Receipts: $972,568
Assets and Liabilities:
- Total Assets: $1,350,350
- Total Liabilities: $0
- Net Assets: $1,350,350
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Organization Details
Founding Year
1994
Phone
(402) 944-3383Principal Officer
David N Lutton
Main Address
1442 SILVER STREET, ASHLAND, NE, 68003
NTEE Category
Code: T30 - Philanthropy
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