Overview
What is Cushing Chamber Foundation For Progress Inc?
The Cushing Chamber Foundation for Progress Inc is a nonprofit organization committed to enhancing its community and local economy. They achieve this goal through their economic development initiatives. One of their key strategies is providing financial support to numerous charitable organizations. Their mission revolves around this mission of community and economic enhancement, with a primary focus on economic development programs and charitable donations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
The Cushing Chamber Foundation For Progress Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The overall score is derived solely from its Accountability & Finance metrics, which are notably low at 50%. This rating reflects the absence of independent board members and missing policies that are essential for transparency and governance.
Despite the concerns, the organization does demonstrate a relatively strong program expense ratio of 74.05%, suggesting that a substantial portion of its expenses is directed toward its programs. However, the lack of documented governance practices, such as a conflict of interest policy and meeting minutes, raises red flags regarding its operational integrity.
In summary, while the Cushing Chamber Foundation For Progress Inc appears to be utilizing a good percentage of its funds for its intended programs, the overall governance and transparency issues highlighted in its rating warrant careful consideration by potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Cushing Chamber Foundation For Progress Inc legitimate?
Cushing Chamber Foundation For Progress Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cushing Chamber Foundation For Progress 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
For more financial information, click here
What is the mission statement of Cushing Chamber Foundation For Progress Inc?
The Cushing Chamber Foundation for Progress Inc. is committed to improving its community and economy through its economic development initiatives. A significant part of their mission involves making contributions to numerous non-profit organizations. By doing so, they aim to foster growth and development within their community. Their activities are centered around enhancing the local economy and bettering the lives of its residents.
Who is the CEO of Cushing Chamber Foundation For Progress Inc?
Whitney Harrison is the President of Cushing Chamber Foundation For Progress Inc.
What is the revenue of Cushing Chamber Foundation For Progress Inc?
Cushing Chamber Foundation For Progress Inc's revenue in 2022 was -$9,345.
Who are the executives of Cushing Chamber Foundation For Progress Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Cushing Chamber Foundation For Progress Inc?
Cushing Chamber Foundation For Progress Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Cushing Chamber Foundation For Progress Inc
The Cushing Chamber Foundation for Progress, as a non-profit organization, is dedicated to promoting community and economic enhancement. Their mission is achieved through implementing economic development programs. One of their key initiatives involves donating funds to various non-profits, contributing to the betterment of the community on multiple fronts. By supporting these organizations, the Cushing Chamber Foundation for Progress plays a pivotal role in fostering a thriving and prosperous community, ultimately improving the overall quality of life for its residents.
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Impact
October, 2024
Cushing Chamber Foundation For Progress Inc significantly enhances the community and economy through targeted economic development programs. By donating to various non-profit organizations, it supports initiatives that foster educational growth and community improvement. This foundation plays a crucial role in uplifting the local economy and enhancing the quality of life in Cushing, Oklahoma, as it actively works to create a vibrant community and promotes collaborative efforts among residents and businesses.
This information is meant to be a general summary of Cushing Chamber Foundation For Progress 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: -$21,345
- Gross Receipts: $52,000
Assets and Liabilities:
- Total Assets: $200,263
- Total Liabilities: $1
- Net Assets: $200,262
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Organization Details
Phone
(918) 225-2400Principal Officer
Whitney Harrison
Main Address
1301 E MAIN, CUSHING, OK, 74023
NTEE Category
Code: B99 - Education
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