Overview
What is Ashby Legacy Fund?
The Ashby Legacy Fund is a community-driven nonprofit organization situated in Ashby, Minnesota. Its primary mission is rooted in education and charity, aiming to enhance the quality of life in Ashby for future generations. The fund contributes financially to the Ashby Public School, providing essential resources such as equipment, curriculum, and school programs. By doing so, Ashby Legacy Fund plays a crucial role in supporting the educational growth and development of the local community.
Official website here: www.ashbylegacyfund.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69%, earning it a Two-Star out of Four Star rating. This rating indicates that while the Ashby Legacy Fund meets some essential accountability and financial standards, there are significant areas that require improvement. The overall score reflects a need for better transparency and adherence to best practices in nonprofit governance.
The organization has demonstrated strengths, including a high percentage of independent board members, which suggests strong governance. Additionally, it boasts a very low liabilities to assets ratio and a high program expense ratio, indicating that a substantial majority of its resources are directed towards its mission-related activities rather than administrative costs. However, the lack of financial statements available for review is a critical shortcoming that heavily impacts its accountability score.
Limitations noted in the evaluation include several missing policies such as a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. Furthermore, the absence of posted financial documents on the nonprofit's website contributes to transparency concerns. Addressing these issues could significantly enhance the organization’s rating and foster greater trust among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Ashby Legacy Fund legitimate?
Ashby Legacy Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ashby Legacy Fund 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: $24,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ashbylegacyfund.org/
What is the mission statement of Ashby Legacy Fund?
The Ashby Legacy Fund, being a community-led organization, has a mission centered around education and charity. Its primary purpose is to preserve Ashby as a unique living space for future generations. The organization invests in preserving Ashby, ensuring it maintains its special character. The Ashby Legacy Fund also contributes to local education by providing funding for necessary equipment, curriculum, and school programs at the Ashby Public School.
Official website here: www.ashbylegacyfund.org/
Who is the CEO of Ashby Legacy Fund?
Robert D Nelson is the Principal Officer of Ashby Legacy Fund.
Official website here: www.ashbylegacyfund.org/
What is the revenue of Ashby Legacy Fund?
Ashby Legacy Fund's revenue in 2022 was $526,586.
Official website here: www.ashbylegacyfund.org/
Who are the executives of Ashby Legacy Fund and what are their salaries?
There 30 volunteers at Ashby Legacy Fund.
Here are 11 key members and their salaries:
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- Compensation: $24,000
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Official website here: www.ashbylegacyfund.org/
Where can I find the form 990 for Ashby Legacy Fund?
Ashby Legacy Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ashbylegacyfund.org/
Learn more at the official website: www.ashbylegacyfund.org/
Mission Statement of Ashby Legacy Fund
The Ashby Legacy Fund, a community-driven organization, is dedicated to preserving Ashby as a unique and cherished living space for future generations. With a focus on educational and charitable activities, this nonprofit invests in enhancing Ashby Public School by providing funding for essential equipment, curriculum, and school programs. The Ashby Legacy Fund aims to contribute towards the educational and societal betterment of the community, ensuring that Ashby maintains its special character for generations to come.
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Impact
July, 2024
The impact of the Ashby Legacy Fund is seen through its contributions to the Ashby Public School, providing funding for equipment, curriculum, and school programs. By investing in the preservation of Ashby as a special place to live for generations to come, the Ashby Legacy Fund fosters educational opportunities and supports the community in its mission to maintain a high quality of life. Through its charitable and educational initiatives, the Ashby Legacy Fund plays a vital role in enhancing the local educational system and fostering a vibrant and sustainable community for all residents.
This information is meant to be a general summary of Ashby Legacy Fund. 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: $6,236
- Gross Receipts: $883,894
Assets and Liabilities:
- Total Assets: $1,287,320
- Total Liabilities: $0
- Net Assets: $1,287,320
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Organization Details
Founding Year
2018
Phone
(612) 367-8800Principal Officer
Robert D Nelson
Main Address
PO BOX 301, ASHBY, MN, 56309
Website
www.ashbylegacyfund.org/NTEE Category
Code: B82 - Education
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