Overview
What is Elwood Area Foundation Inc?
The Elwood Area Foundation Inc, situated in Elwood, Nebraska, is a dedicated nonprofit organization. Their primary focus is on supporting the local community, particularly youth. They accomplish this through various initiatives, such as providing Youth Scholarships and Youth Grants. These grants are allocated to beneficial causes, including Elwood Area Girl Scouts, Boy Scouts, and Court Appointed Special Advocates (CASA). Furthermore, they support the Jr. Olympics and local 4-H clubs, demonstrating their commitment to nurturing young talent. Additionally, the foundation extends its reach to Elwood public schools, public library, and the community at large, offering grants to enhance these institutions.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement)
The Elwood Area Foundation Inc has received a two-star rating from Charity Navigator, indicating a need for improvement with an overall score of 67%. The foundation benefits from a fully independent board, which reflects positively on its governance structure. Additionally, it has an excellent program expense ratio of 97.05%, showing that a significant majority of its expenditures are directed towards its programs rather than administrative costs.
However, there are notable limitations in the organization’s accountability and financial transparency. The absence of financial statements and several key policies, including a conflict of interest policy and a whistleblower policy, suggests areas where the foundation could strengthen its operations. Furthermore, the organization's website is not listed on its tax form, which raises questions about accessibility and transparency for potential donors and stakeholders.
Overall, while the Elwood Area Foundation demonstrates strong programmatic focus and governance, it is recommended that the organization address its transparency issues to enhance its credibility and improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Elwood Area Foundation Inc legitimate?
Elwood Area Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elwood Area 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,548
For more financial information, click here
What is the mission statement of Elwood Area Foundation Inc?
The Elwood Area Foundation's mission revolves around providing support for youth and community improvement. They offer scholarships and grants to various youth organizations, such as girl scouts, boy scouts, and court-appointed special advocates (CASA). Additionally, they provide funding to local sports programs like the Jr. Olympics and 4-H clubs. The foundation also extends its support to educational institutions, contributing to Elwood public schools and libraries.
Who is the CEO of Elwood Area Foundation Inc?
Kate Hatch is the Director of Elwood Area Foundation Inc.
What is the revenue of Elwood Area Foundation Inc?
Elwood Area Foundation Inc's revenue in 2022 was $682,224.
Who are the executives of Elwood Area Foundation Inc and what are their salaries?
The average compensation at Elwood Area Foundation Inc during 2022 was $27,548. There is 1 employee at Elwood Area Foundation Inc.
Here are 9 key members and their salaries:
- Compensation: $0
- 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
- 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 Elwood Area Foundation Inc?
Elwood Area Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Elwood Area Foundation Inc
The Elwood Area Foundation, a prominent nonprofit organization, is dedicated to promoting Youth Scholarships, Youth Grants, and Community Improvement. This mission is carried out through various initiatives. One significant aspect of their work involves offering Youth Grants to organizations such as the Elwood Area Girl Scouts, Boy Scouts, and Court Appointed Special Advocates (CASA). Furthermore, they provide grants to the Jr. Olympics and local 4-H clubs, demonstrating their commitment to nurturing the growth and development of youth in the community.
In addition to supporting youth, the Elwood Area Foundation also extends its reach to educational institutions. They offer Grants to Elwood Public Schools, providing essential resources to enhance the learning environment for local students. Moreover, they contribute to the Elwood Public Library and the Elwood Community, ensuring that these vital resources remain accessible to the community.
In summary, the Elwood Area Foundation, with its focus on Youth Scholarships, Youth Grants, and Community Improvement, plays a pivotal role in shaping the futures of young individuals and strengthening the fabric of their community. Their initiatives span across various sectors, including education, youth development, and community services, all aimed at fostering a thriving and supportive environment for the local population.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Elwood Area Foundation Inc's impact is significant in the Elwood community, focusing on providing Youth Scholarships, Youth Grants, and supporting Community Improvement initiatives. By offering Youth grants that benefit various organizations such as the Elwood Area girl scouts, cub/boy scouts, court-appointed special advocates (CASA), as well as contributing to Jr Olympics and local 4-H clubs, the foundation is actively supporting the youth development in the area.
Moreover, their programs include providing grants to Elwood public schools and the Elwood public library, further enhancing educational and community resources. Through their dedication to supporting youth and community enhancement projects, Elwood Area Foundation Inc plays a crucial role in fostering growth and opportunity in Elwood, NE.
This information is meant to be a general summary of Elwood Area 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 2022.
- Investment Income: $12,424
- Program Service Revenue: $236,242
- Gross Receipts: $951,514
Assets and Liabilities:
- Total Assets: $584,963
- Total Liabilities: $0
- Net Assets: $584,963
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GALA AUCTION & HARVESTFEST
Revenue
$148,718
GIVE BIG ELWOOD
Revenue
$87,524
Organization Details
Phone
(308) 785-2550Principal Officer
Kate Hatch
Main Address
PO BOX 303, ELWOOD, NE, 68937
NTEE Category
Code: B82 - Education
If you are a representative of Elwood Area Foundation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.