Overview
What is Kiwanis Trust Fund Co Tom Holcomb?
Kiwanis Trust Fund Co Tom Holcomb is a nonprofit organization committed to serving the local community and youth. Its primary mission involves providing a building to a child care institution for use as a child care facility. Furthermore, they extend their support to the youth and the local school district, contributing to various youth-related and community services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars)
The Kiwanis Trust Fund Co Tom Holcomb has received a Two-Star rating from Charity Navigator, indicating that the organization needs improvement in certain areas. With an overall score of 73%, it demonstrates commendable accountability and financial practices, particularly with a high program expense ratio of 94.92% and a strong liabilities to assets ratio of 0.00%. The organization also boasts a fully independent board, which is a positive aspect of its governance.
However, the rating highlights notable deficiencies in transparency and governance policies. The charity is missing several important documents, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. Additionally, the nonprofit's website is not listed on its tax form, which detracts from its overall accountability and transparency efforts.
While the organization excels in financial management and governance structure, the lack of essential policies and website visibility points to areas that require immediate attention to improve its standing in the nonprofit sector. Addressing these shortcomings could enhance donor trust and the charity’s effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Kiwanis Trust Fund Co Tom Holcomb legitimate?
Kiwanis Trust Fund Co Tom Holcomb is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kiwanis Trust Fund Co Tom Holcomb 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 Kiwanis Trust Fund Co Tom Holcomb?
Kiwanis Trust Fund Co, without specifying a specific mission statement, is primarily focused on providing youth and community service. They contribute by providing a building to a child care institution for their use as a child care facility. Additionally, they offer assistance to youth and collaborate with the local school district, further emphasizing their commitment to youth service and community welfare.
Who is the CEO of Kiwanis Trust Fund Co Tom Holcomb?
Joe Clement is the President of Kiwanis Trust Fund Co Tom Holcomb.
What is the revenue of Kiwanis Trust Fund Co Tom Holcomb?
Kiwanis Trust Fund Co Tom Holcomb's revenue in 2023 was $38,002.
Who are the executives of Kiwanis Trust Fund Co Tom Holcomb and what are their salaries?
There 22 volunteers at Kiwanis Trust Fund Co Tom Holcomb.
Here are 12 key members and their salaries:
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Where can I find the form 990 for Kiwanis Trust Fund Co Tom Holcomb?
Kiwanis Trust Fund Co Tom Holcomb's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Kiwanis Trust Fund Co Tom Holcomb
The Kiwanis Trust Fund Co. Tom Holcomb is a nonprofit organization dedicated to serving the youth and community. Its primary mission is to provide a building for use as a child care facility, thus supporting the local child care inc. Beyond this, the organization also extends its assistance to the local school district and youth in general, aligning with its youth service and community service objectives. The Kiwanis Trust Fund Co. Tom Holcomb plays a significant role in contributing to the well-being of the younger generation and the community as a whole.
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Impact
August, 2024
Tom Holcomb's impact through the Kiwanis Trust Fund Co is significant in providing support and resources to Child Care Inc. for their use as a child care facility. Additionally, the organization offers assistance to youth and the local school district, emphasizing youth service and community service in Wichita Falls, TX. The impact of this work is crucial in ensuring the well-being and development of children and youth in the community.
This information is meant to be a general summary of Kiwanis Trust Fund Co Tom Holcomb. 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: $1,712
- Gross Receipts: $47,263
Assets and Liabilities:
- Total Assets: $115,648
- Total Liabilities: $0
- Net Assets: $115,648
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Organization Details
Founding Year
1973
Phone
(940) 704-0209Principal Officer
Joe Clement
Main Address
PO BOX 2250, WICHITA FALLS, TX, 76307
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