Overview
What is Clay Center Community Foundation Inc?
Clay Center Community Foundation Inc, based in Clay Center, Nebraska, is a nonprofit organization that primarily focuses on educational, charitable, and community development. They provide scholarships for graduating seniors in the rural community, demonstrating their commitment to education. Beyond scholarships, they also offer grants to support various local initiatives, contributing to the community's growth and development. The foundation serves as a crucial resource for the residents of Clay Center, aiming to enhance their quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
The Clay Center Community Foundation Inc has earned an 87% score, reflecting its solid performance in accountability and finance. This score is derived from a single beacon score focused entirely on these aspects, indicating strong operational oversight. The foundation's commitment to transparency is evident with a fully independent board and no material diversion of assets.
Strengths highlighted in the evaluation include a high percentage of program expenses, which stands at 97.12%, demonstrating effective allocation of resources towards its mission. The organization maintains a robust conflict of interest policy and proper documentation practices, contributing to its positive accountability score.
Despite a strong performance overall, the rating is primarily based on financial metrics, and broader impact measures may not be captured within this score. However, the foundation's strict adherence to governance standards and financial responsibility positions it as a trustworthy entity in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Clay Center Community Foundation Inc legitimate?
Clay Center Community Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clay Center Community 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.
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What is the mission statement of Clay Center Community Foundation Inc?
The Clay Center Community Foundation Inc's mission revolves around providing educational, charitable, and community development grants to benefit the local community and its residents. This organization is committed to making a positive impact by offering financial aid in the form of scholarships to graduating seniors from rural areas. Their primary goal is to foster growth and improvement within the community by supporting various projects and initiatives.
Who is the CEO of Clay Center Community Foundation Inc?
Laura Cundiff is the President of Clay Center Community Foundation Inc.
What is the revenue of Clay Center Community Foundation Inc?
Clay Center Community Foundation Inc's revenue in 2022 was $31,836.
Who are the executives of Clay Center Community Foundation Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Clay Center Community Foundation Inc?
Clay Center Community Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Clay Center Community Foundation Inc
The Clay Center Community Foundation Inc, as a philanthropic organization, is dedicated to providing educational, charitable, and community development grants within its local community and to its residents. Its mission is centered around funding initiatives that aim to uplift and improve the educational, social, and economic well-being of the community. One of its notable programs involves offering post-secondary scholarships to graduating seniors from rural areas, providing them with the financial assistance needed to pursue higher education. By investing in education, the Clay Center Community Foundation Inc plays a crucial role in empowering the next generation and fostering a more prosperous community.
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Impact
August, 2024
Clay Center Community Foundation Inc has a significant impact on the local community and residents of Clay Center, NE. Through its educational, charitable, and community development grants, the foundation provides valuable support to improve the lives of individuals in the area. Specifically, the foundation offers educational post-secondary scholarships to graduating seniors in the rural community, helping them pursue higher education and achieve their academic goals. This assistance plays a vital role in enhancing educational opportunities and creating a brighter future for the recipients. Overall, Clay Center Community Foundation Inc's work embodies the spirit of philanthropy and fosters positive growth and development within the local community.
This information is meant to be a general summary of Clay Center Community 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: $6,576
- Gross Receipts: $31,836
Assets and Liabilities:
- Total Assets: $518,317
- Total Liabilities: $0
- Net Assets: $518,317
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Organization Details
Founding Year
1997
Principal Officer
Laura Cundiff
Main Address
PO BOX 121, CLAY CENTER, NE, 68933
NTEE Category
Code: T31 - Philanthropy
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