Overview
What is Salt Block Foundation Inc?
The Salt Block Foundation is a nonprofit organization situated in the Catawba Valley, committed to nurturing educational growth in various disciplines. Their mission involves maintaining facilities that cater to the teaching of natural sciences, history, visual and performing arts, and cultural programs. The foundation offers cost-effective solutions for nonprofit organizations to utilize these facilities, thereby extending educational opportunities to the local community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%
The Salt Block Foundation Inc has received a commendable Four-Star out of Four Star rating from Charity Navigator, reflecting a strong commitment to accountability and finance. With a total score of 94%, the charity demonstrates a robust financial health characterized by a low liabilities to assets ratio of 1.28%, indicating effective management of resources.
Strengths of the organization include a fully independent board, ensuring unbiased oversight, and a high program expense ratio of 82.99%, which shows that a significant portion of their funding is directed towards their mission-related activities. Additionally, they have implemented essential governance policies, including conflict of interest and whistleblower protections, contributing to transparency and ethical operations.
No significant limitations were noted in the data reviewed, as the foundation appears to maintain high standards of accountability and governance. Overall, the Salt Block Foundation Inc stands out for its strong financial practices and commitment to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Salt Block Foundation Inc legitimate?
Salt Block Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Salt Block 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $165,222
For more financial information, click here
What is the mission statement of Salt Block Foundation Inc?
The Salt Block Foundation's mission is centered around providing and maintaining facilities that support educational programs in various subjects such as natural sciences, history, visual and performing arts, and cultural activities. This nonprofit organization offers affordable options for nonprofit agencies to utilize these facilities, thereby providing educational opportunities for the community residing in the Catawba Valley. The foundation's goal is to foster a rich learning environment, promoting growth and knowledge acquisition in diverse disciplines.
Who is the CEO of Salt Block Foundation Inc?
Stuart Mull is the Board Member of Salt Block Foundation Inc.
What is the revenue of Salt Block Foundation Inc?
Salt Block Foundation Inc's revenue in 2023 was $889,354.
Who are the executives of Salt Block Foundation Inc and what are their salaries?
There 25 volunteers at Salt Block Foundation Inc.
Here are 22 key members and their salaries:
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- Compensation: $74,769
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Where can I find the form 990 for Salt Block Foundation Inc?
Salt Block Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Salt Block Foundation Inc
The Salt Block Foundation, a nonprofit organization, is dedicated to providing and sustaining facilities that cater to organizations delivering education in various disciplines. These disciplines include natural sciences, history, visual and performing arts, and cultural programs. The foundation's mission is to make these facilities accessible and affordable for nonprofit agencies, thereby offering educational opportunities to the community residing in the Catawba Valley. The Salt Block Foundation serves as a facilitator, enabling these agencies to deliver high-quality education, thereby enriching the community's knowledge and cultural experiences.
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Impact
July, 2024
Salt Block Foundation Inc's impact is focused on providing and sustaining educational facilities for organizations delivering programs in natural sciences, history, visual and performing arts, and cultural programs for residents of the Catawba Valley. By offering affordable options for nonprofit agencies to utilize their facilities, the foundation ensures that these educational opportunities are accessible to the community. This not only enriches the lives of Catawba Valley residents but also fosters a greater appreciation for the arts and sciences.
This information is meant to be a general summary of Salt Block 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 2023.
- Investment Income: $219,249
- Program Service Revenue: $166,275
- Gross Receipts: $1,726,538
Assets and Liabilities:
- Total Assets: $12,907,402
- Total Liabilities: $165,809
- Net Assets: $12,741,593
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CAM CHARGES
Revenue
$117,241
RENTAL OF FACILITIES
Revenue
$49,034
Organization Details
Founding Year
1980
Phone
(828) 324-4906Principal Officer
Stuart Mull
Main Address
243 THIRD AVE NE BOX 7, HICKORY, NC, 28601
NTEE Category
Code: A610 - Arts
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