Overview
What is Mankato Endowment Association Inc?
The Mankato Endowment Association Inc, situated in an unspecified location, is a dedicated nonprofit organization. Its primary focus is on providing scholarships to facilitate higher education, empowering individuals to pursue their academic goals. Moreover, the association extends its support to the Jewell County Hospital and contributes to the well-being of the community in various ways. They actively engage in fostering entrepreneurship and support initiatives like the Roz Fund. Additionally, the Mankato Endowment Association Inc provides financial assistance for Solomon Valley Transportation, contributing significantly to the region's mobility services. They have also contributed over $33,000 towards the Mankato Pool project and have been instrumental in supporting local causes such as Mankato Helping Hands and sponsoring Rock Hills High School banners.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, 73%)
The Mankato Endowment Association Inc has received a two-star rating from Charity Navigator, indicating a need for improvement. While the organization excels in accountability and finance, achieving a perfect score in these areas, there are significant gaps in transparency and policy documentation that detract from its overall effectiveness.
The association benefits from a fully independent board, demonstrating strong governance with all members meeting independence standards. Additionally, it effectively manages its program expenses, ensuring that funds are directed toward its mission. However, the absence of key policies, such as a conflict of interest policy and a whistleblower policy, raises concerns about the organization's internal controls and commitment to ethical practices.
Overall, while the Mankato Endowment Association Inc shows strengths in financial management and governance, the lack of essential operational policies and public accessibility to tax forms suggests areas that require urgent attention. Addressing these issues could enhance trust and improve its standing in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Mankato Endowment Association Inc legitimate?
Mankato Endowment Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mankato Endowment Association 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
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What is the mission statement of Mankato Endowment Association Inc?
The Mankato Endowment Association Inc serves a mission aimed at providing scholarships to facilitate higher education and offering financial aid to various community initiatives. They contribute funds to healthcare facilities, such as the Jewell County Hospital, and support entrepreneurship and local programs like the Roz Fund. Furthermore, the organization provides financial assistance for transportation services and has donated significantly towards the construction of a local swimming pool. Additionally, the Mankato Endowment Association Inc has shown support for local charities, like Mankato Helping Hands, and has sponsored school banners.
Who is the CEO of Mankato Endowment Association Inc?
Christina Jeffery is the President of Mankato Endowment Association Inc.
What is the revenue of Mankato Endowment Association Inc?
Mankato Endowment Association Inc's revenue in 2022 was $109,406.
Who are the executives of Mankato Endowment Association Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Mankato Endowment Association Inc?
Mankato Endowment Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mankato Endowment Association Inc
The Mankato Endowment Association, a nonprofit organization, focuses on two primary areas of service: scholarships and community aid. In line with its mission, it provides financial assistance to individuals pursuing higher education. Besides scholarships, the association also extends its support to various community projects and initiatives. One such project is the Jewell County Hospital, where it donates funds to enhance healthcare services.
Furthermore, the Mankato Endowment Association is committed to fostering entrepreneurship and supporting local initiatives. It accomplishes this through its involvement with the Roz Fund and Solomon Valley Transportation. The association's contribution towards the Mankato Pool project is another testament to its dedication to community improvement. Moreover, it has shown its commitment to the local community by assisting Mankato Helping Hands and sponsoring Rock Hills High School banners. In essence, the Mankato Endowment Association, through its various initiatives, works tirelessly to uplift education and community development in the areas it serves.
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Impact
October, 2024
Mankato Endowment Association Inc significantly contributes to the community by providing crucial scholarships that support higher education opportunities for local students. Their financial assistance helps alleviate the burden of tuition costs, enabling more individuals to pursue their academic goals and enhance their potential for future employment.
The organization also plays a vital role in healthcare by donating funds to the Jewell County Hospital, thereby improving access to medical services for the community. Their support of local entrepreneurship and the Roz Fund fosters economic development and innovation within the region, contributing to a more vibrant local economy.
In addition, Mankato Endowment Association Inc addresses community transportation needs by funding Solomon Valley Transportation, ensuring residents have access to essential services and opportunities. Their impactful contributions extend to community infrastructure projects, with over $33,000 invested in the Mankato Pool project, enhancing recreational options for families and individuals.
Furthermore, the association's involvement with Mankato Helping Hands demonstrates their commitment to supporting residents in need, while sponsoring Rock Hills High School banners showcases their dedication to promoting local education and community pride. Overall, the Mankato Endowment Association Inc has a profound and multifaceted impact on the community, enhancing educational opportunities, healthcare access, and overall quality of life in Mankato, KS.
This information is meant to be a general summary of Mankato Endowment Association 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: $17,756
- Gross Receipts: $109,406
Assets and Liabilities:
- Total Assets: $825,201
- Total Liabilities: $0
- Net Assets: $825,201
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Organization Details
Founding Year
1968
Principal Officer
Christina Jeffery
Main Address
109 N COMMERCIAL, MANKATO, KS, 669562206
NTEE Category
Code: B82 - Education
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