Overview
What is Fostoria Vision 2020 Inc?
Fostoria Vision 2020 Inc is a charitable nonprofit organization situated in Fostoria, Ohio. Established with the mission to enhance the quality of life for the city's needy and incapable residents, the organization carries out its purpose through voluntary task force groups. They focus on community outreach, providing funding, education, and organization to support their cause. The organization's headquarters can be found at 342 Perry Street, in the heart of Fostoria.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73% (Two-Star out of Four Star rating)
Fostoria Vision 2020 Inc has received a 73% rating from Charity Navigator, indicating a moderate level of accountability and financial health. This score is based entirely on the Accountability & Finance category, where the organization performed well in several key areas, including a perfect score for having a majority of independent board members and no material diversion of assets.
The organization excels in program expense management, as evidenced by a high program expense ratio of 96.27%, which suggests that a significant portion of their resources is directed towards their programs and services. However, there are notable gaps in governance practices, particularly with missing policies for conflict of interest, whistleblower protections, and document retention, which could affect their overall transparency and operational effectiveness.
While Fostoria Vision 2020 Inc has strengths in its financial management and board independence, the lack of certain essential governance policies may raise concerns for potential donors and stakeholders regarding its commitment to accountability practices.
This AI summary has been generated from information found on Charity Navigator.
Is Fostoria Vision 2020 Inc legitimate?
Fostoria Vision 2020 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fostoria Vision 2020 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.
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What is the mission statement of Fostoria Vision 2020 Inc?
Fostoria Vision 2020 Inc is a non-profit organization with a charitable purpose. Its mission is centered around improving the quality of life for needy or incapacitated residents within its community. This is achieved through various means, including providing funding, offering educational resources, and organizing voluntary task force groups. The primary goal is to empower these individuals and enhance their living conditions. The organization's activities are directly related to this mission, with a focus on community outreach.
Who is the CEO of Fostoria Vision 2020 Inc?
Sarah Stephens Krupp is the President of Fostoria Vision 2020 Inc.
What is the revenue of Fostoria Vision 2020 Inc?
Fostoria Vision 2020 Inc's revenue in 2022 was $60,064.
Who are the executives of Fostoria Vision 2020 Inc 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 Fostoria Vision 2020 Inc?
Fostoria Vision 2020 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Fostoria Vision 2020 Inc
Fostoria Vision 2020 Inc, as a charitable organization, is established with the primary objective of improving the quality of life for individuals in need or incapable residents within their community. This is achieved through three key methods: funding, education, and organization. The non-profit relies on voluntary task force groups to carry out these initiatives.
In essence, Fostoria Vision 2020 Inc is committed to making a tangible difference in the lives of those less fortunate within their city. They provide financial assistance to help alleviate hardships, offer educational programs to empower individuals, and organize community events and initiatives to foster a sense of unity and support. The organization's mission is driven by a passion for community outreach and a desire to uplift those in need, thereby contributing to a more vibrant and compassionate society.
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Impact
August, 2024
Fostoria Vision 2020 Inc has significantly impacted the community of Fostoria by working towards improving the quality of life for individuals in need. Through their charitable activities, funding initiatives, education programs, and organized voluntary task force groups, this organization has made a tangible difference in the lives of residents facing challenges. Their focus on community outreach directly related to their mission has helped address issues such as housing insecurity and other needs of vulnerable populations in the city.
This information is meant to be a general summary of Fostoria Vision 2020 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: $18
- Gross Receipts: $156,922
Assets and Liabilities:
- Total Assets: $116,837
- Total Liabilities: $0
- Net Assets: $116,837
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Organization Details
Principal Officer
Sarah Stephens Krupp
Main Address
342 PERRY STREET, FOSTORIA, OH, 44830
NTEE Category
Code: L81 - Housing
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