Overview
What is Us Venture Associates Caring Together Fund Inc?
Us Venture Associates Caring Together Fund Inc is a nonprofit organization, primarily serving the employees of U.S. Venture, Inc. Based in Appleton, Wisconsin, the fund was established with the purpose of providing support during times of financial distress. This can occur due to various reasons such as natural disasters, loss of employment by a spouse, substantial healthcare expenses, or other personal or family-related challenges. Employees of U.S. Venture contribute to the fund, and the distributions are made according to objective criteria, focusing on meeting the basic needs of the distressed employee, including food, clothing, shelter, and other necessities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
Us Venture Associates Caring Together Fund Inc has received an 80% rating from Charity Navigator, which translates to a Three-Star rating. This score exclusively reflects the charity's performance in Accountability & Finance, indicating a solid commitment to sound financial practices and transparency.
The organization demonstrates noteworthy strengths, particularly with a fully independent board and no material diversions of assets. Its program expense ratio is impressive at 93.77%, suggesting that a significant portion of its funds is allocated directly to its programs rather than administrative costs. Additionally, the charity maintains a clear conflict of interest policy and documents board meeting minutes, both of which contribute positively to its accountability score.
While the overall rating is strong and demonstrates good governance, potential donors should still consider the importance of other performance metrics that are not captured in the current score, such as program impact and community feedback. Overall, the charity shows a commitment to fiscal responsibility and transparency, making it a trustworthy option for those looking to support its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Us Venture Associates Caring Together Fund Inc legitimate?
Us Venture Associates Caring Together Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Us Venture Associates Caring Together Fund 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Us Venture Associates Caring Together Fund Inc?
The US Venture Associates Caring Together Fund Inc is established with a mission to provide assistance to employees of U.S. Venture who have experienced financial hardships. This can be due to various reasons such as natural disasters, loss of spouse's employment, substantial unexpected healthcare expenses, or personal/family-related distress. The fund, operating under IRS 501(C)(3), aims to collect funds from U.S. Venture employees to offer support. The distribution of these funds is based on objective criteria, prioritizing the essential needs of the affected employee, including food, clothing, shelter, and other necessities.
Who is the CEO of Us Venture Associates Caring Together Fund Inc?
Lori Hoersch is the President of Us Venture Associates Caring Together Fund Inc.
What is the revenue of Us Venture Associates Caring Together Fund Inc?
Us Venture Associates Caring Together Fund Inc's revenue in 2022 was $115,641.
Who are the executives of Us Venture Associates Caring Together Fund Inc and what are their salaries?
There 12 volunteers at Us Venture Associates Caring Together Fund Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Us Venture Associates Caring Together Fund Inc?
Us Venture Associates Caring Together Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Us Venture Associates Caring Together Fund Inc
Us Venture Associates Caring Together Fund Inc is an organization that operates under IRS 501(c)(3) regulations, with a mission to raise funds from the employees of U.S. Venture. The primary purpose of these funds is to support other employees of U.S. Venture who have experienced financial distress due to various circumstances. These circumstances may include natural disasters such as floods, fires, or tornados, the loss of employment by a spouse, large and unexpected healthcare expenses, or other personal or family-related distress.
The fund distributes these collected funds according to objective criteria, focusing on the "need-based" aspects of the distressed employee's situation. This means providing support for essential needs such as food, clothing, shelter, and other necessities to help alleviate their financial burden. By doing so, Us Venture Associates Caring Together Fund Inc aims to offer a helping hand to its own employees during challenging times, fostering a sense of community and support within the organization.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Us Venture Associates Caring Together Fund Inc significantly positively impacts the lives of U.S. Venture employees facing financial distress due to unforeseen circumstances. By raising funds from fellow employees, the organization provides crucial support during challenging times such as natural disasters, unemployment, or unexpected healthcare expenses.
This initiative promotes a culture of solidarity and compassion within the workplace, ensuring that those in need receive timely assistance. The grants are carefully distributed based on objective criteria focused on individual needs, covering essentials such as food, clothing, and shelter. Through its dedicated efforts, the Fund not only alleviates immediate financial burdens but also fosters a sense of community and support among employees, reinforcing the values of empathy and mutual aid within the organization.
This information is meant to be a general summary of Us Venture Associates Caring Together Fund 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: $12,511
- Gross Receipts: $115,641
Assets and Liabilities:
- Total Assets: $682,144
- Total Liabilities: $0
- Net Assets: $682,144
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2015
Phone
(920) 735-8290Principal Officer
Lori Hoersch
Main Address
425 BETTER WAY, APPLETON, WI, 54915
NTEE Category
Code: M12 - Public safety
If you are a representative of Us Venture Associates Caring Together Fund Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.