Overview
What is Cherokee County United Fund Inc?
Cherokee County United Fund Inc, located in Murphy, NC, serves as a foundation or grantmaking organization. Their primary mission is to collect funds for local non-profit organizations, contributing to the well-being of the community. By raising money for these organizations, they aim to support various initiatives and services that cater to the needs of the community members.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (59%)
Cherokee County United Fund Inc has received a One-Star out of Four Star rating from Charity Navigator, reflecting an overall score of 59%. This rating indicates challenges in accountability and financial practices, which are critical for donor trust and transparency. The organization scores well in areas such as board independence and material diversion of assets, but significant gaps remain in essential governance policies.
The organization has a fully independent board and demonstrates sound financial management with a liabilities to assets ratio of 0.00%. However, it lacks a whistleblower policy and a document retention and destruction policy, leading to low scores in these categories. The program expense ratio is also a concern, as it is relatively low at 53.50%, suggesting that a smaller proportion of funds may be directed towards programming compared to administrative costs.
Overall, while Cherokee County United Fund Inc shows promise in certain governance aspects, the absence of key policies and a lower program expense ratio highlight areas that need improvement for enhancing operational transparency and donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Cherokee County United Fund Inc legitimate?
Cherokee County United Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cherokee County United 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: $21,133
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Cherokee County United Fund Inc?
Cherokee County United Fund Inc's mission is centered around raising funds for local non-profit organizations. As a grantmaking organization, its primary goal is to provide financial support to various local charities. This mission helps to ensure that these non-profits have the necessary resources to carry out their own missions and serve the community effectively. By raising money for local non-profits, Cherokee County United Fund Inc plays a crucial role in supporting the well-being and development of the community. The organization's activities are focused on identifying and supporting deserving local non-profits, contributing to their financial stability and enabling them to fulfill their objectives.
Who is the CEO of Cherokee County United Fund Inc?
Chris Morhardt is the President of Cherokee County United Fund Inc.
What is the revenue of Cherokee County United Fund Inc?
Cherokee County United Fund Inc's revenue in 2022 was $54,673.
Who are the executives of Cherokee County United Fund Inc and what are their salaries?
The average compensation at Cherokee County United Fund Inc during 2022 was $21,133. There is 1 employee and 14 volunteers at Cherokee County United Fund Inc.
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Where can I find the form 990 for Cherokee County United Fund Inc?
Cherokee County United Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cherokee County United Fund Inc
Cherokee County United Fund Inc, as a foundation or grantmaking organization, is dedicated to raising funds for local non-profits. Their mission is to support various charitable organizations within the community by securing financial resources. By doing so, they aim to enhance the well-being and quality of life for the people residing in the area. This non-profit organization serves as a crucial link between donors and the organizations that require financial assistance, thereby facilitating the flow of funds to those in need.
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Impact
August, 2024
Cherokee County United Fund Inc's impact is significant in raising money for local non-profits in Murphy, NC. Through their efforts, they support various organizations and initiatives within the community, positively influencing the lives of individuals and families in need. Their work as a grantmaking organization plays a crucial role in providing essential resources and support to those who require assistance, fulfilling their mission of promoting philanthropy and making a difference in Cherokee and Clay County.
This information is meant to be a general summary of Cherokee County United 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.
- Gross Receipts: $57,028
Assets and Liabilities:
- Total Assets: $14,401
- Total Liabilities: $2,070
- Net Assets: $12,331
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Organization Details
Founding Year
1969
Phone
(828) 835-9465Principal Officer
Chris Morhardt
Main Address
PO BOX 1658, MURPHY, NC, 289061658
NTEE Category
Code: T00 - Philanthropy
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