Overview
What is Northeast Arkansas Charitable Foundation Inc?
Northeast Arkansas Charitable Foundation Inc is a small, dedicated nonprofit organization situated in Newport, Arkansas. Their primary goal is to uplift the citizens and residents of Jackson County and the larger Northeast Arkansas region. They accomplish this by raising and utilizing funds primarily for educational and community development initiatives. One of their notable activities includes providing scholarships to students pursuing their education at Arkansas State University-Newport and various other colleges. With a modest team of one employee, this foundation continues to contribute positively to the community's well-being.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Stars)
The Northeast Arkansas Charitable Foundation Inc has achieved a commendable rating of 94% from Charity Navigator, reflecting strong performance in the areas of accountability and finance. This rating is based solely on the foundation's effectiveness in maintaining financial health and transparency, ensuring that funds are utilized efficiently.
One of the organization's notable strengths is its fully independent board, which consists of 11 members, earning top marks for governance. Furthermore, the foundation has demonstrated no material diversion of assets, adheres to a conflict of interest policy, and effectively manages document retention and meeting minutes. The foundation’s liabilities to assets ratio stands at an impressive 0.00%, indicating robust financial stability.
While the program expense ratio of 77.56% shows the foundation invests a significant portion of its resources into its programs, there is always room for improvement in terms of outreach and public engagement. Overall, the Northeast Arkansas Charitable Foundation Inc is recognized for its solid governance practices and commitment to financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Northeast Arkansas Charitable Foundation Inc legitimate?
Northeast Arkansas Charitable Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northeast Arkansas Charitable 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: $5,400
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Northeast Arkansas Charitable Foundation Inc?
The Northeast Arkansas Charitable Foundation Inc's mission is centered around raising and utilizing funds to support the citizens and residents of Jackson County Arkansas, as well as the broader Northeast Arkansas region. With a particular focus on education and community development, the foundation aims to make a significant impact in these areas. They provide scholarships to students attending Arkansas State University-Newport and various other colleges, furthering their educational opportunities. The foundation's activities are geared towards enhancing the lives of local residents and contributing to the overall development of the community.
Who is the CEO of Northeast Arkansas Charitable Foundation Inc?
Jim Gowen Sr is the P.O. Box 550, Newport, Ar 72112 of Northeast Arkansas Charitable Foundation Inc.
What is the revenue of Northeast Arkansas Charitable Foundation Inc?
Northeast Arkansas Charitable Foundation Inc's revenue in 2023 was $173,653.
Who are the executives of Northeast Arkansas Charitable Foundation Inc and what are their salaries?
The average compensation at Northeast Arkansas Charitable Foundation Inc during 2023 was $5,400. There is 1 employee at Northeast Arkansas Charitable Foundation Inc.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $2,400
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $3,980
- Compensation: $5,400
- 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 Northeast Arkansas Charitable Foundation Inc?
Northeast Arkansas Charitable Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Northeast Arkansas Charitable Foundation Inc
The Northeast Arkansas Charitable Foundation Inc is dedicated to raising and utilizing funds with the primary objective of supporting the citizens and residents of Jackson County Arkansas and the entire Northeast Arkansas region. With a strong focus on education and community development, this nonprofit organization seeks to make a substantial impact in these areas.
In line with its mission, the Northeast Arkansas Charitable Foundation Inc provides scholarships for students pursuing their education at Arkansas State University-Newport and various other colleges. This financial assistance aims to help deserving students overcome financial barriers and pursue their academic goals, ultimately contributing to the development of their communities. By investing in education, the foundation is not only supporting individuals but also fostering a skilled workforce and a thriving community.
In summary, the Northeast Arkansas Charitable Foundation Inc is an active philanthropic organization that prioritizes the well-being and development of the citizens in its region. Through its focus on education, the foundation provides opportunities for personal growth and community development, setting the stage for a prosperous future.
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Impact
October, 2024
Northeast Arkansas Charitable Foundation Inc significantly impacts the community by providing essential support to the citizens of Jackson County and the broader Northeast Arkansas region. By focusing on education and community development, the foundation raises and allocates funds that directly enhance the local quality of life.
One of the key initiatives is the provision of scholarships for students attending Arkansas State University-Newport and other colleges, making higher education more accessible and affordable. This investment in education empowers individuals, fosters personal growth, and strengthens the workforce, ultimately benefiting the entire community.
In addition to educational support, the foundation's commitment to community development helps address various local needs, creating a more vibrant and sustainable environment for residents. Through these efforts, Northeast Arkansas Charitable Foundation Inc plays a crucial role in nurturing future generations and enhancing the overall well-being of the region.
This information is meant to be a general summary of Northeast Arkansas Charitable 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: $40,973
- Gross Receipts: $327,247
Assets and Liabilities:
- Total Assets: $1,278,833
- Total Liabilities: $125
- Net Assets: $1,278,708
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Organization Details
Founding Year
1991
Phone
(870) 523-3490Principal Officer
Jim Gowen Sr
Main Address
PO BOX 189, NEWPORT, AR, 72112
NTEE Category
Code: B110 - Education
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