Overview
What is Porter County Government Charitable Nonprofit Foundation Inc?
The Porter County Government Charitable Nonprofit Foundation Inc, located at 155 Indiana Avenue STE 204, Valparaiso, IN 46383, is a public benefit corporation established to support and aid Porter County. Its primary role is to contribute to the charitable, scientific, and educational objectives of the county, thereby alleviating the financial strain on Porter County government in delivering public services. According to Indiana state law, the Foundation annually distributes a portion of its earnings to the county government. In 2022, this distribution amounted to 5,481,760, which is then allocated in the county's budget for various expenditures. The Foundation's mission is overseen by its policies and regulations, ensuring the fulfillment of its charitable purpose in Porter County.
Official website here: www.porterco.org
Is Porter County Government Charitable Nonprofit Foundation Inc legitimate?
Porter County Government Charitable Nonprofit Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Porter County Government Charitable Nonprofit 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: $0
For more financial information, click here
Official website here: www.porterco.org
What is the mission statement of Porter County Government Charitable Nonprofit Foundation Inc?
The Porter County Government Charitable Nonprofit Foundation, abbreviated as PCGCNF, is a public benefit corporation with a mission to benefit and assist Porter County in achieving its charitable, scientific, and educational objectives. This organization aims to alleviate the burden on Porter County government in providing public services. The foundation achieves its mission by overseeing the distribution of a portion of its annual returns to Porter County government. In 2022, the distribution from the 2021 earnings amounted to 5,481,760 dollars. The distribution is then placed in a county holding fund, and the fiscal body of the county determines how the proceeds will be used annually. The necessary amount for funding the budget is transferred to a second budgetary fund, leaving the remaining balance in the holding fund for future use.
Official website here: www.porterco.org
Who is the CEO of Porter County Government Charitable Nonprofit Foundation Inc?
Karen M Martin is the Porter County Auditor of Porter County Government Charitable Nonprofit Foundation Inc.
Official website here: www.porterco.org
What is the revenue of Porter County Government Charitable Nonprofit Foundation Inc?
Porter County Government Charitable Nonprofit Foundation Inc's revenue in 2022 was $7,288,446.
Official website here: www.porterco.org
Who are the executives of Porter County Government Charitable Nonprofit Foundation Inc and what are their salaries?
There 3 volunteers at Porter County Government Charitable Nonprofit Foundation Inc.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $70,919
- Other: $0
- Compensation: $0
- Related: $61,873
- Other: $0
- Compensation: $0
- Related: $53,537
- Other: $0
- Compensation: $0
- Related: $45,572
- Other: $0
- Compensation: $0
- Related: $41,421
- Other: $0
- Compensation: $0
- Related: $40,164
- Other: $0
- Compensation: $0
- Related: $27,390
- Other: $0
- Compensation: $0
- Related: $24,866
- Other: $0
- Compensation: $0
- Related: $24,847
- Other: $0
- Compensation: $0
- Related: $24,847
- Other: $0
- Compensation: $0
- Related: $22,213
- Other: $0
- Compensation: $0
- Related: $16,632
- Other: $0
- Compensation: $0
- Related: $9,107
- Other: $0
Official website here: www.porterco.org
Where can I find the form 990 for Porter County Government Charitable Nonprofit Foundation Inc?
Porter County Government Charitable Nonprofit Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.porterco.org
Learn more at the official website: www.porterco.org
Mission Statement of Porter County Government Charitable Nonprofit Foundation Inc
Porter County Government Charitable Nonprofit Foundation, abbreviated as PCGCNF, is a public benefit corporation with a mission to support and aid in the charitable, scientific, and educational endeavors of Porter County. This organization works to alleviate the financial burden on the county government in providing public services. In line with its mission, PCGCNF annually distributes a portion of its earnings to Porter County government, up to 5% of its total return on assets. These funds are then placed in a county holding fund and allocated for various public services as per the county's annual budget. The foundation's role is crucial in helping Porter County government meet its charitable, scientific, and educational objectives, thereby contributing to the overall betterment of the community.
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Impact
October, 2024
The Porter County Government Charitable Nonprofit Foundation Inc plays a crucial role in enhancing the delivery of public services in Porter County. Through its structured financial contributions, it alleviates the financial burden on local government operations. In 2022, the Foundation distributed approximately $5.5 million to the county, sourced from the earnings of its managed assets.
These annual distributions are essential for funding various budgetary needs as determined by the county’s fiscal body. By placing funds in a dedicated holding account first, the Foundation ensures that resources are available not only for immediate municipal needs but also for future projects and expenditures. This forward-thinking approach demonstrates a commitment to sustainable financial planning for community enrichment and development.
The Foundation operates as a public benefit entity, supporting charitable, scientific, and educational initiatives that align with the overarching goals of the county. This operational model not only strengthens governmental capabilities but also fosters community growth through enhanced public services.
This information is meant to be a general summary of Porter County Government Charitable Nonprofit 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: $7,218,245
- Gross Receipts: $7,288,446
Assets and Liabilities:
- Total Assets: $163,563,708
- Total Liabilities: $0
- Net Assets: $163,563,708
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Organization Details
Founding Year
2016
Phone
(219) 465-3350Principal Officer
Karen M Martin
Main Address
155 Indiana Avenue STE 204, Valparaiso, IN, 46383
Website
www.porterco.orgNTEE Category
Code: T30 - Philanthropy
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