Overview
What is Moline Foundation?
The Moline Foundation is a nonprofit organization situated in Moline, Illinois, with a focus on benefiting the local community and its surrounding areas. Their primary objective is to collect charitable donations and distribute grants to various organizations, ensuring support for civic, educational, health and human services, and cultural activities. By doing so, they aim to contribute positively to the lives of citizens residing in Eastern Iowa and Western Illinois. The foundation has a small workforce of six dedicated individuals, working diligently to fulfill its mission.
Official website here: www.molineregionalcf.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating
The Moline Foundation has achieved an impressive 97% rating, which reflects strong accountability and financial health. This score is solely derived from its Accountability & Finance metrics, underscoring the organization’s commitment to transparency and responsible financial practices. The foundation's financial statements are rigorously audited, and it has no reported material diversions of assets, which are critical indicators of effective governance.
The Moline Foundation excels in its organizational structure, with a 100% independent board, ensuring that decisions are made without conflicts of interest. Its financial ratios are particularly strong, with a program expense ratio of 80.87%, indicating that a significant portion of its funds is directed toward programmatic efforts. The fundraising efficiency ratio is also commendable, at only $0.02 spent to raise a dollar, demonstrating effective fundraising strategies.
Overall, the foundation's policies, including conflict of interest and whistleblower protections, are well-documented and accessible, contributing to its high accountability score. While the data does not highlight specific program impacts or community feedback, the financial health and governance structure indicate a solid foundation for future endeavors.
This AI summary has been generated from information found on Charity Navigator.
Is Moline Foundation legitimate?
Moline Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Moline Foundation 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: $99,074
Professional Fundraising Fees: $0
Other Salaries and Wages: $97,300
For more financial information, click here
Official website here: www.molineregionalcf.org
What is the mission statement of Moline Foundation?
The Moline Foundation's mission is to receive charitable donations and distribute grants to various organizations in support of civic, educational, health and human services, and cultural activities, aiming to enhance the lives of citizens in Eastern Iowa and Western Illinois. This philanthropic entity acts as a conduit, providing financial aid to charitable organizations and governmental entities to benefit the community of Moline and its surrounding area.
Official website here: www.molineregionalcf.org
What is the revenue of Moline Foundation?
Moline Foundation's revenue in 2024 was $4,917,095.
Official website here: www.molineregionalcf.org
Who are the executives of Moline Foundation and what are their salaries?
The average compensation at Moline Foundation during 2024 was $32,729. There are 6 employees and 66 volunteers at Moline Foundation.
Here are 10 key members and their salaries:
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Official website here: www.molineregionalcf.org
Where can I find the form 990 for Moline Foundation?
Moline Foundation's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.molineregionalcf.org
Learn more at the official website: www.molineregionalcf.org
Mission Statement of Moline Foundation
The Moline Foundation, a charitable organization, is committed to receiving donations and distributing grants to various organizations. Its mission is to support civic, educational, health and human services, and cultural activities for the benefit of the citizens in Eastern Iowa and Western Illinois. By providing these grants, the Moline Foundation aims to contribute to the betterment of the community in various aspects, ensuring that its citizens have access to a wide range of resources. The organization's activities are focused on making a significant impact in the lives of people living in the area, enriching their experiences and opportunities.
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Impact
July, 2024
The Moline Foundation's impact is significant in the areas of civic, educational, health and human services, and cultural activities for the citizens of Eastern Iowa and Western Illinois. They play a crucial role in providing grants to charitable organizations and governmental entities to benefit the citizens of Moline and the surrounding area. Their mission is to support community improvement by receiving charitable gifts and distributing grants to organizations that enhance the well-being and quality of life for individuals in the region.
This information is meant to be a general summary of Moline Foundation. 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 2024.
- Investment Income: $520,282
- Gross Receipts: $13,505,996
Assets and Liabilities:
- Total Assets: $16,157,241
- Total Liabilities: $1,469,699
- Net Assets: $14,687,542
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Organization Details
Founding Year
1953
Principal Officer
Jeff Nelson
Website
www.molineregionalcf.orgNTEE Category
Code: S20 - Community improvement
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