Overview
What is Polk County Foundation Inc?
Polk County Foundation Inc, located in Osceola, Nebraska, serves as a nonprofit organization dedicated to benefiting the local community. Their primary mission involves receiving, managing, and distributing funds for charitable and educational purposes, aiming to enhance the mental, moral, intellectual, and physical well-being of Polk County's residents. By doing so, the foundation aims to contribute to the overall improvement and development of the area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Stars
Polk County Foundation Inc has received a Two-Star rating from Charity Navigator, indicating an overall score of 73%. This rating highlights a strong focus on accountability and finance, with a perfect score in several key areas, including having a fully independent board and effective management of assets. The organization shows a commendable program expense ratio of 74.67%, suggesting that a significant portion of its funds is allocated towards its mission-related activities.
The foundation's governance structure is robust, with 100% of its board members being independent, which contributes positively to its accountability score. Additional strengths include the documentation of board meeting minutes and a low liabilities to assets ratio of 0.10%, which reflects sound financial management practices. These factors indicate that the organization is operating with a high degree of transparency and fiscal responsibility.
However, despite these strengths, the Two-Star rating suggests that there may be areas for improvement in the organization’s overall performance. The score is based solely on the accountability and finance beacon, which may point to a lack of data in other areas such as impact and community engagement, potentially limiting a comprehensive view of the foundation's effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Polk County Foundation Inc legitimate?
Polk County Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Polk County Foundation Inc 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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What is the mission statement of Polk County Foundation Inc?
The Polk County Foundation's mission is geared towards receiving, managing, and distributing funds for charitable and educational purposes. This mission aims to contribute to the mental, moral, intellectual, and physical improvement of the residents of Polk County, Nebraska. The foundation's activities primarily focus on enhancing the well-being of the community by granting funds for charitable and educational purposes.
Who is the CEO of Polk County Foundation Inc?
Doug Rathjen is the Director of Polk County Foundation Inc.
What is the revenue of Polk County Foundation Inc?
Polk County Foundation Inc's revenue in 2022 was $97,404.
Who are the executives of Polk County Foundation Inc and what are their salaries?
Here are 48 key members and their salaries:
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Where can I find the form 990 for Polk County Foundation Inc?
Polk County Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Polk County Foundation Inc
The Polk County Foundation's mission is centered around receiving, managing, and distributing funds for charitable and educational purposes. This nonprofit organization aims to contribute to the mental, moral, intellectual, and physical improvement of the inhabitants of Polk County, Nebraska. By carrying out this mission, the Polk County Foundation aims to make a substantial impact on the community, ultimately working towards the betterment of its residents. The foundation accomplishes this by awarding grants for charitable and educational purposes, thereby playing a significant role in the improvement of the local community.
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Impact
October, 2024
Polk County Foundation Inc significantly enhances the quality of life for residents of Polk County, Nebraska, by providing vital financial support for charitable and educational initiatives. Its mission focuses on fostering the mental, moral, intellectual, and physical development of the community's inhabitants. Through the administration and distribution of grants, the foundation empowers local organizations and programs that contribute to the overall improvement of the community.
By facilitating access to resources and opportunities, it cultivates a more educated populace and strengthens community bonds. The foundation's efforts help to uplift individuals and families, ensuring they have the tools and support necessary to thrive. In doing so, Polk County Foundation Inc plays a crucial role in shaping a brighter future for all residents, promoting growth, learning, and well-being throughout the county.
This information is meant to be a general summary of Polk County Foundation Inc. 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: $20,380
- Gross Receipts: $173,049
Assets and Liabilities:
- Total Assets: $1,312,651
- Total Liabilities: $1,324
- Net Assets: $1,311,327
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Organization Details
Founding Year
1980
Phone
(402) 747-3381Principal Officer
Doug Rathjen
Main Address
236 N STATE ST, OSCEOLA, NE, 68651
NTEE Category
Code: B82B - Education
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