Overview
What is Kentucky-Tennessee District Kiwanis Foundation Incorporated?
The Kentucky-Tennessee District Kiwanis Foundation Incorporated is a charitable organization based in Somerset, Kentucky. Their primary mission is to support and assist disadvantaged individuals, with a focus on young people from birth to five years old. They also aid worthy young youth in achieving vocational excellence and provide aid to the handicapped, including those with hearing, sight, speech, or mental disabilities. The foundation achieves its objectives by offering financial assistance to other charitable, scientific, prevention-based, or educational organizations. The organization has been active in providing scholarships and investing in creating scholarship funding, as well as supporting needy individuals with their funds.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%, Zero-Star out of Four Star rating.
The Kentucky-Tennessee District Kiwanis Foundation Incorporated has received a low rating of 33% from Charity Navigator, indicating significant concerns regarding its financial practices and accountability measures. The organization has scored well in areas such as having a fully independent board and no material diversion of assets, but it has major shortcomings in transparency and governance policies.
Key strengths include the foundation's independent board structure, which consists entirely of independent members, and the presence of documented board meeting minutes. However, the charity fails to meet many essential accountability standards, including the absence of a conflict of interest policy, a whistleblower policy, and a document retention policy. Additionally, its website is not listed on its tax form, which detracts from its transparency.
The financial aspects are particularly concerning, with a program expense ratio of only 34.17%, suggesting that a significant portion of its resources may not be directed toward its stated mission. Overall, while there are elements of good governance, the major gaps in accountability and low financial efficiency warrant caution for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Kentucky-Tennessee District Kiwanis Foundation Incorporated legitimate?
Kentucky-Tennessee District Kiwanis Foundation Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky-Tennessee District Kiwanis Foundation Incorporated 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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Other Salaries and Wages: $0
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What is the mission statement of Kentucky-Tennessee District Kiwanis Foundation Incorporated?
The Kentucky-Tennessee District Kiwanis Foundation Incorporated is established with a charitable purpose. Its mission is to aid disadvantaged individuals, particularly young people between birth and five years of age. Additionally, it aims to assist deserving young youth in achieving vocational excellence. Furthermore, the foundation seeks to support individuals with various disabilities, including hearing, sight, speech, and mental disabilities, to regain happy and productive lives. This is achieved by providing funds to various charitable, scientific, prevention-based, or educational organizations.
Who is the CEO of Kentucky-Tennessee District Kiwanis Foundation Incorporated?
Claire Crouch is the Director of Kentucky-Tennessee District Kiwanis Foundation Incorporated.
What is the revenue of Kentucky-Tennessee District Kiwanis Foundation Incorporated?
Kentucky-Tennessee District Kiwanis Foundation Incorporated's revenue in 2022 was $28,935.
Who are the executives of Kentucky-Tennessee District Kiwanis Foundation Incorporated and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Kentucky-Tennessee District Kiwanis Foundation Incorporated?
Kentucky-Tennessee District Kiwanis Foundation Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kentucky-Tennessee District Kiwanis Foundation Incorporated
Kentucky-Tennessee District Kiwanis Foundation Incorporated is established with a charitable purpose, aiming to assist those in need, primarily young people aged between birth and five years old. The organization also extends its support to deserving young individuals in their pursuit of vocational excellence. Moreover, it is dedicated to aiding the handicapped, encompassing individuals with hearing, visual, speech, or mental impairments, in regaining fulfilling lives. To accomplish these objectives, the foundation provides financial assistance to various charitable, scientific, prevention-based, or educational organizations.
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Impact
August, 2024
The impact of the Kentucky-Tennessee District Kiwanis Foundation Incorporated is significant. Through its charitable activities, the organization provides assistance to needy individuals, with a particular focus on young people from birth to five years of age. They also support worthy youth in achieving vocational excellence and aid the handicapped, including those with hearing, sight, speech, or mental disabilities, in regaining happy and useful lives.
One notable way the organization makes a difference is by offering scholarships to deserving individuals, thus enabling them to pursue their educational goals. Additionally, the foundation's investment in the creation of scholarship funding has a long-lasting impact on the recipients. This financial support not only fosters educational opportunities but also contributes to community improvement by helping individuals in need.
Overall, the Kentucky-Tennessee District Kiwanis Foundation Incorporated plays a crucial role in supporting and uplifting individuals in the community, embodying its mission to make a positive difference in the lives of those it serves.
This information is meant to be a general summary of Kentucky-Tennessee District Kiwanis Foundation Incorporated. 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.
- Program Service Revenue: $14,794
- Gross Receipts: $28,935
Assets and Liabilities:
- Total Assets: $1,007,495
- Total Liabilities: $0
- Net Assets: $1,007,495
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
AUCTION
Revenue
$9,111
GOLF RECEIPTS
Revenue
$4,690
RAFFLE
Revenue
$988
MISCELLANEOUS
Revenue
$5
Organization Details
Founding Year
1982
Phone
(606) 678-5985Principal Officer
Claire Crouch
Main Address
79 FRIENDSHIP DRIVE, SOMERSET, KY, 42503
NTEE Category
Code: S80 - Community improvement
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