Overview
What is Eau Claire Confluence Foundation Inc?
Eau Claire Confluence Foundation Inc is a charitable organization situated in Eau Claire, Wisconsin, at 3506 Oakwood Mall Drive B. Its primary mission is to provide financial aid to two local entities, Eau Claire Confluence Arts, Inc. and Confluence Council, Inc., with the aim of fostering their growth and development. The foundation manages endowment funds for these organizations, ensuring their long-term financial stability and support. By doing so, Eau Claire Confluence Foundation Inc plays a vital role in promoting and nurturing the arts and cultural scene in Eau Claire.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
The Eau Claire Confluence Foundation Inc has received an 80% rating, reflecting a strong emphasis on accountability and finance. The score is derived solely from its accountability metrics, indicating that the organization is financially sound and operates with transparency. Notably, they have achieved a perfect score in several accountability categories, including having a fully independent board and no material diversion of assets.
Strengths of the foundation include a high program expense ratio of 92.54%, which suggests that a significant portion of its funds is directed towards programs rather than administrative costs. Additionally, the foundation demonstrates solid governance practices, evidenced by maintaining detailed board meeting minutes and having well-defined conflict of interest policies. This points to a commitment to ethical standards and responsible management.
While the organization excels in financial accountability, details regarding its programmatic impact and community engagement are not provided in this summary. Therefore, while the financial health and governance practices are commendable, potential donors and supporters may want to seek further information on the foundation's overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Eau Claire Confluence Foundation Inc legitimate?
Eau Claire Confluence Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Eau Claire Confluence 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.
Heare are some key statistics you may want to consider:
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What is the mission statement of Eau Claire Confluence Foundation Inc?
The Eau Claire Confluence Foundation Inc's mission is centered around providing financial support and managing endowment funds. This is done with the primary goal of benefiting Eau Claire Confluence Arts Inc. and Confluence Council Inc., two organizations it supports. By doing so, the foundation contributes to their ongoing operations and initiatives. The foundation's role is instrumental in ensuring the continued success and growth of these arts and community-focused organizations.
Who is the CEO of Eau Claire Confluence Foundation Inc?
Daniel P Gustafson is the President (Part-Year)/ Director of Eau Claire Confluence Foundation Inc.
What is the revenue of Eau Claire Confluence Foundation Inc?
Eau Claire Confluence Foundation Inc's revenue in 2022 was $137,425.
Who are the executives of Eau Claire Confluence Foundation Inc and what are their salaries?
There 7 volunteers at Eau Claire Confluence Foundation Inc.
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Where can I find the form 990 for Eau Claire Confluence Foundation Inc?
Eau Claire Confluence Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Eau Claire Confluence Foundation Inc
Eau Claire Confluence Foundation Inc is an organization dedicated to providing financial support and managing endowment funds for the benefit of Eau Claire Confluence Arts, Inc. and Confluence Council, Inc. In essence, its mission is to bolster these two entities financially, ensuring their continued operation and growth. By doing so, the foundation plays a crucial role in supporting the artistic and cultural initiatives of these organizations, contributing to the enrichment of the community at large.
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Impact
October, 2024
Eau Claire Confluence Foundation Inc positively impacts the community by providing essential financial support to the Eau Claire Confluence Arts Inc. and the Confluence Council Inc. This support helps to foster artistic development and cultural enrichment in the region. By managing endowment funds, the foundation ensures sustainable resources are available for the arts, promoting access to creative experiences and enhancing the overall quality of life in Eau Claire, Wisconsin. Through its efforts, it plays a vital role in nurturing a vibrant arts scene, benefiting both local artists and the broader community.
This information is meant to be a general summary of Eau Claire Confluence 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: $105,476
- Gross Receipts: $137,425
Assets and Liabilities:
- Total Assets: $10,664,007
- Total Liabilities: $1,061,474
- Net Assets: $9,602,533
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Organization Details
Founding Year
2017
Phone
(715) 832-8707Principal Officer
Daniel P Gustafson
Main Address
3506 OAKWOOD MALL DR B, EAU CLAIRE, WI, 54701
NTEE Category
Code: A11 - Arts
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